Pune is best known as the cultural capital of Maharashtra and the educational hub. It is an academically oriented city with over ten universities, and more than 100 institutes. Pune has retained its distinctiveness as an educational hub, by offering professional & management courses from international institutes.
As per the India rankings, 2018 for higher educational institutions, Savitribai Phule Pune University (SPPU) ranks 9th in the list of top 10 national universities across India. With the government’s FDI in the education sector, this industry is bringing promising growth in India. Many foreign institutes are now setting up their own institutes or tying up with existing ones to establish a base in India.
Apart from being one of the best cities to study in India, Pune is rapidly expanding as international IT hub, manufacturing, and automotive industry. With many companies having their headquarters and manufacturing units based in Pune. Rajiv Gandhi InfoTech Park at Hinjewadi, Magarpatta City, SP Inforcity, Commerce Zone, World Trade Center, Talawade IT Park, etc. are some of the popular IT Parks in Pune. Chakan MIDC, Talegaon MIDC, Talegaon Floriculture Park, Pirangut MIDC, Kharadi, etc. are the Maharashtra Industrial Development Corporation (MIDC) developed across Pune.
Pune’s proximity to Mumbai, the financial capital of India, and other tier 2 cities and most importantly the availability of large space is driving this growth in Pune. Industrialization has given rise to commercial properties and residential properties in Pune. Property prices in Pune are reasonable in comparison to Mumbai, Delhi, and Bangalore.
Pune real estate market is flocked by both buyer and investor (ideal for leasing & renting). It offers housing options ranging from luxurious homes in Pune to affordable properties. Pune is one of the 10 smart cities listed in Maharashtra for the smart city mission initiated by the government. It is the best governed city in India, scored 5.1 points out of 10, leaving Mumbai & Delhi behind.
The city is also popular for its favorable climate, decent infrastructural development, awesome nightlife, less traffic, career opportunities, less populated air, recreational activities and a weekend getaway. Apart from young investors, many senior citizens also prefer spending their retirement lives in Pune hence, also known as pensioners’ paradise.