Reasons Why Ravet Is A Good Place to Buy a Home

Ravet, previously a quiet village within the limits of PCMC (Pimpri Chinchwad Municipal Corporation), is today considered one of the fastest developing western suburbs in Pune city. A premier residential property destination for home buyers, Ravet offers a range of options in residential space from affordable housing, mid-premium segment as well as luxury residences. But what is making Ravet such a sought after real estate investment destination? Here are 5 reasons why more buyers are choosing Ravet as their preferred home…

Ravet: A Lucrative Investment Hotbed in West Pune

Ravet, located in West Pune, has rapidly transformed into a real estate hotspot due to its strategic location and upcoming infrastructure projects. Situated at the Mumbai-Pune Expressway junction, it offers seamless connectivity to major areas like Wakad, Hinjewadi, and Pune City, making it an attractive choice for IT professionals and industrial workers. Its proximity to IT parks such as Rajiv Gandhi Infotech Park and Panchshil Tech Park boosts its investment appeal, as residential demand continues to rise due to these employment hubs. Additionally, Ravet’s evolving infrastructure, including metro connectivity, has triggered consistent price appreciation.



Upcoming Infrastructure Developments

Ravet is set to benefit from several infrastructure upgrades. The Pune Metro Phase 1 is expected to extend to Pimpri-Chinchwad, improving connectivity to other parts of Pune. Additionally, the area is well-connected by major roads like the Mumbai-Pune Expressway and Spine Road, which reduce travel time to business hubs. Upcoming projects like the BRTS corridor are further enhancing public transportation options, providing easy access to the city and its outskirts and making Ravet a well-connected and highly desirable location.

Strategic Location Near the Mumbai-Pune Expressway

Ravet’s proximity to the Mumbai-Pune Expressway offers excellent connectivity, making it attractive for both residents and businesses. This accessibility drives demand for real estate, with increasing interest from commuters and businesses alike. As infrastructure and accessibility improve, property values rise, providing long-term capital appreciation for investors.



Proximity to Hinjewadi IT Park

Close to Hinjewadi, Pune’s largest IT hub, Ravet attracts many professionals seeking nearby housing. The consistent demand for rental properties from IT employees contributes to rising real estate values. This proximity ensures that Ravet remains a prime area for investors looking to benefit from both rental income and property appreciation.



Growing Demand from Homebuyers and Investors

Ravet’s affordability compared to central Pune and its strong connectivity have drawn significant interest from both homebuyers and investors. The demand is consistently high, ensuring strong rental returns and future capital appreciation. New residential projects continue to emerge, further boosting property values, making Ravet a lucrative market for real estate investments.



Infrastructure Developments Enhancing Livability

Rapid infrastructure development in Ravet, including roads, healthcare, education, and shopping facilities, has greatly improved its livability. These enhancements drive demand for properties, leading to consistent appreciation in real estate values. As urban infrastructure continues to grow, investors can expect long-term gains in the area’s property market.



Steady Influx of Tenants Due to Employment Hubs

Ravet’s proximity to major employment hubs like Hinjewadi and Talegaon attracts a steady flow of working professionals. This creates a strong rental market, increasing demand for real estate and driving property values higher. The combination of rising rental income and property appreciation makes Ravet an ideal location for real estate investors.

IT hub:

In the past two decades, Pune has become one of India’s prominent IT & ITES hub with a large influx of migrating professional taskforce making it their home. This has driven the demand for residential properties and Ravet, despite prices being on the rise, has been the location of choice for many young IT executives and their families, especially in the affordable to mid segment of housing.



Employment opportunities:

Ravet is ideally situated at an easy commutable distance of various IT parks where a number of renowned MNCs have their offices. Rajiv Gandhi Infotech Park in Hinjewadi, DLF Akruti IT Park, International Tech Park, and Panchshil Tech Park are all major employment centers near Ravet.



Sound connectivity:

Ravet enjoys good connectivity via roads, bus transport, railway and the airport. The Mumbai Pune expressway, Wakad road, Kalewadi Main Road and Spine Road are within easy distance. Ravet is well connected to other central points in PCMC and Pune via extensive bus routes from Chinchwad Bus Stand, Nigdi Bus Stand and the Pimpri Bus Stand. Chinchwad railway station is nearby whereas the Pune airport is about an hour away from Ravet.



Development of civic infrastructure:

In the past few years, with increasing demand for residential spaces, the government is keen to develop the area into a modern, town and has given permission to many projects in Ravet with an emphasis on development of infrastructure facilities. Civic amenities, retail and hospitality segments have shown a marked development in Ravet.



Social amenities:

Ravet is home to top schools and colleges such as D.Y.Patil International University, PCCOE&R, D.Y.Patil Dnyanshanti School, S.B.Patil School, Symbiosis Skills Open University, Good Samaritan School, Wisdom World School, Mount Litera Zee School and City International School. Quality medical facilities such as Ratna Memorial Hospital, Aditya Birla Memorial Hospital and Seth Ramdas Shah Memorial Hospital & Research Centre. As well as shopping and retail zones such as Ozone Mall, Jewel Square Mall and Laxmi Road.

Green Spaces and Environmental Initiatives

Ravet is planned with sustainability in mind, offering ample green spaces that appeal to environmentally conscious buyers. Residential projects in the area emphasize eco-friendly features such as landscaped gardens, rainwater harvesting, and solar power solutions. These green spaces provide residents with recreational areas, enhancing the overall quality of life while also contributing to a healthier environment. The combination of urban infrastructure and a focus on green initiatives makes Ravet an attractive option for those seeking a balance between city life and nature.

Growth in Commercial Infrastructure

Ravet’s commercial infrastructure is expanding rapidly, making it a hotspot for residential and commercial property growth. The establishment of new malls, retail spaces, and entertainment hubs is attracting not only residents but also investors. The development of educational institutions, hospitals, and other social infrastructure ensures that Ravet remains a self-sufficient locality. As commercial activities increase, the demand for residential properties nearby will continue to rise, driving further capital appreciation.

Strong Rental Market

Ravet’s proximity to major IT hubs and industrial zones such as Hinjewadi and the MIDC areas ensures a strong rental market. IT professionals, students, and working professionals prefer the locality due to its connectivity, affordability, and well-developed infrastructure. As a result, rental yields have remained consistently high. This growing rental market not only makes Ravet a favorable option for investors looking for steady rental income but also positions it as a solid long-term investment.

Public Transport Improvement

The ongoing and upcoming improvements in public transport, including the extension of the Pune Metro and the development of the BRTS corridor, will significantly enhance Ravet’s connectivity to key areas of Pune and beyond. These projects are set to reduce commuting times, making Ravet more accessible for both residents and professionals. The integration of metro services is expected further to boost property demand and values in the area, making it a highly accessible and well-connected locality for future investment.

One of Pune’s most reputed builders Pharande Spaces have their premier project Pharande Felicity, which offers 2, 2.5 and 3 BHK flats in Ravet. A leading residential project in west Pune, Felicity is situated on 25 acres of vast spaces, with specifically designed homes that come well equipped with top class amenities, 3 tier security, and other social conveniences. Located next to Celestial city, Pharande Felicity is within easy commute of the Mumbai Pune Expressway and NH 4, Hinjewadi IT hub, Dange Chowk, Akurdi railway station and University circle.

Explore Felicity here