Pune: Hotspot for NRI’s investment!
Non-Resident Indians (NRI) seem to be falling in love with their homeland back again for reasons of their own. While they might be away for many other reasons such as job, family, business or many things that we aren’t really aware of, they have always made a point to have a part of themselves invested in India (figuratively). Pune is one such city across the nation that has attracted an array of affluent NRIs who are interested to invest in a property. This article talks about why Pune is at the epicenter of their likes.
The Growth is Consistent
Despite the pandemic and other challenges, Pune, as an ever-growing city has never quite seen any dearth in investments. Be it in the IT sector or FMCGs, or consumer durables, the growth trajectory in every sector has been quite consistent. Though the last couple of years have seen a considerable downfall of investments, the pace is picking back up with the inception of Pune Metro.
Pune is close to the ‘City of Dreams’
While most of the business people, IT companies and investors have their headquarters based in Mumbai, living there isn’t that affordable. Pune is their second-best option available wherein they can find the best properties at the price they can afford. The Pune-Mumbai Expressway is easily accessible from the major areas of Pune and that’s the reason NRIs love to invest in this city that’s close to Mumbai.
NRIs get to enjoy the tax perks
There are a plethora of tax benefits that the NRIs get to enjoy as they invest in a property in India. With the price rate that’s not too heavy on their pockets, NRIs can save more on the tax as applicable under the Income Tax Act.
Availing loan is a cakewalk
According to the law, NRIs get to apply for a home loan amounting to up to 80% of the property value. There are other conditions that are in fine print that the NRIs need to read carefully before investing.
Yes! That maddening mutual fund’s rap song at the end of every commercial was composed for a reason.
Nature is welcoming
Unlike most of the parts of the metropolitan cities, Pune has a considerable amount of greenery that attracts nature-lovers and adventure enthusiasts alike. The city hosts a flurry of hills, rivers and green blankets that welcome investors too.
At Kanchan Developers, our upscale residences at Osian One & Only are designed especially for the affluent few like the NRIs who love to invest in a worthy property. With customizable 4.5 & 5 BHK residences in the upcoming investment hub at Koregaon Park-Mundhwa Junction, near Passport Office, these residences host a world-class rooftop fitness centre designed by the most celebrated fitness experts in the industry. If you think our project is worth a look, visit www.oneandonly.kanchandevelopers.com
