For working-class home buyers in Mumbai, there aren’t too many options left in terms of affordable residential destinations. As we all know, the term ‘affordable’ is a relative one when it comes to home buying in India’s financial capital. Property rates in Thane are certainly a lot higher now than before, but it still ranks prominently among home buyers who are looking for something affordable in Mumbai’s Eastern suburbs.
The fundamental aims of any residential property investment should be to maximise yield as well as capital gains and to reduce the risk as far as possible. To illustrate, renovating and embellishing a property makes it eligible for a higher rent, which means maximised yield. Property investment aimed at capital gains involves buying real estate cheap and selling it at a higher rate, thereby maximising one’s ROI. An astute investor will also buy a well-located property at a high price if the rental market is booming, since this makes it possible to rent it out for as long as it takes price to rise again.
Pune is virtually unrecognizable from the sleepy, laid-back city it was a few decades ago. There were no signs of any significant real estate action in the erstwhile Punyanagari before that. Today, however, Pune numbers in the Top Seven property hotspots within the country. The transition from a base for defense activities and personnel to a serious presence on the property market was a gradual one.