Ravet, a developing suburban neighbourhood in the city of Pune, has undergone heavy development over the past years, making it an attractive investment destination for real estate investors. The locality has seen a boom in the IT industries, excellent connectivity, and social infrastructure. Furthermore, the continuous appreciation rate of the properties has poised it as an ideal place for people looking to invest in residential projects in Ravet.
For a fruitful investment, there are many residential projects in Ravet that offer excellent amenities here. Let’s now look at some reasons for investing in a property in Ravet.
4 Reasons to Invest in a Property in Ravet
Ravet is an upcoming locality in the city of Pune and has been witnessing a lot of development over the past few years. The locality is situated near Hinjewadi, which is one of the major IT hubs in Pune. Additionally, Ravet enjoys connectivity to all parts of the city via road and rail.
Here are 4 reasons why you should consider investing in a property at Ravet:
Evolution of IT Industries
Ravet has transformed in recent years with the development of several IT industries in the locality. The establishment of the Rajiv Gandhi IT Park has been a game-changer for the neighbourhood. The massive complex has provided a boost to the development of the locality.
The companies have also hired a large number of skilled personnel, thus providing a boost to the local economy. The presence of the IT park has also attracted several investors. It has led to an influx of people looking for employment opportunities, further boosting the locality’s economy.
One of the prime reasons for property investment in Ravet is its excellent connectivity. It lies close to the Mumbai-Pune Expressway and is well-connected to the rest of the city, with multiple transportation options available for residents.
The locality is also well-connected to the Mumbai-Bangalore Highway. Additionally, the Pune-Nashik Highway also runs quite close to the locality along with providing seamless connectivity to the Hinjewadi IT Park. Not to mention, Ravet is also close to the proposed metro route, which is expected to further boost the locality’s connectivity.
Ravet has a well-developed social infrastructure, with multiple schools, colleges, hospitals, and shopping malls in the locality. This has led to an increase in the locality’s population, as people are very much attracted to the conveniences available in Ravet. Moreover, the presence of social infrastructure has also led to an increase in property prices in the locale.
Property Appreciation Rates
The property rates in Ravet have seen a significant appreciation in recent years. A 2 BHK flat in Ravet starts from 52L as of now. This is due to the development of the IT industry in the locality, as well as the excellent connectivity and social infrastructure. Additionally, property prices are expected to continue to rise in the future, making Ravet an ideal investment destination.
Ravet is one of the most sought-after areas in Pune. The area has seen tremendous growth in the past few years and is expected to grow continuously in the future. The suburban neighbourhood has good connectivity to the rest of the city and has all the necessary conveniences required for a comfortable life.
If you are looking for new projects in Ravet, you should check out Felicity by Pharande Spaces, one of the top real estate developers in Pune. Pharande Felicity is a luxurious residential project located in Ravet. The project offers 1, 2, and 3 BHK apartments with world-class amenities and good connectivity to the rest of the city.