Investment in real estate is considered a big deal and a dependable base of wealth expansion. Western India, particularly cities like Pune and Mumbai, is emerging as the most promising real estate destination in the country. Why not! Both of these cities open windows for economic growth as well as infrastructure upgrades. This guide is dedicated to spill truths about Western India’s real estate while mentioning details about properties in Pune and Mumbai.
Investment in real estate is considered a big deal and a dependable base of wealth expansion. Western India, particularly cities like Pune and Mumbai, is emerging as the most promising real estate destination in the country. Why not! Both of these cities open windows for economic growth as well as infrastructure upgrades.
This guide is dedicated to spill truths about Western India’s real estate while mentioning details about properties in Pune and Mumbai. With rising demand for housing, improved connectivity, IT hubs, and world-class amenities, these cities attract both investors and homebuyers. The growth potential here makes real estate a smart, future-ready investment.
Why Western India?
Western India, especially Maharashtra, is important in India’s economic and real estate landscape. It is regulated by MahaRERA. Other than that, these regions benefit homebuyers in the following ways:
➔ Strong industrial and IT hubs.
➔ Close proximity to the Western Coast and key facilities.
➔ International connectivity to other countries.
➔ Government-led smart city initiatives.
➔ Metro and highway infrastructure projects.
Property Scene in Mumbai
Mumbai is India’s most expensive yet rewarding real estate market. Over the past years, average house prices in Mumbai have skyrocketed by 46%. However, the average price for properties in Mumbai stood at Rs 17,100 per sq. ft.
Even after space constraints and high entry costs, the demand there has been rising and showing no signs of slowing. The major factors for the same include:
- Massive employment in finance, entertainment, and tech sectors.
- Uniform monthly rental income in central and suburban regions.
- Highly sophisticated improvements in areas like Bandra, Andheri, Thane, and Navi Mumbai.
- Major upgrades like Metro Line expansions, the Coastal Road, and Navi Mumbai Airport.
Property Scene in Pune
Marked by growing property values, strong demand, and continued infrastructure development, Pune has a prosperous real estate market. Once considered a satellite city to Mumbai, Pune today has its own identity when it comes to real estate.
Unlike Mumbai, Pune offer homebuyers a pack of amenities irrespective of the area one is living in. To name some, properties in Pune typically include a kids’ play area, open garden, swimming pool, open parking, clubhouse, and, of course, high-level security.
Marked by growing property values, strong demand, and continued infrastructure development, Pune has a prosperous real estate market. Once considered a satellite city to Mumbai, Pune today has its own identity when it comes to real estate.
Unlike Mumbai, Pune offers homebuyers a pack of amenities irrespective of the area one is living in. To name some, properties in Pune typically include a kids’ play area, open garden, swimming pool, open parking, clubhouse, and, of course, high-level security. Additionally, the city’s balanced lifestyle, educational institutions, IT hubs, and peaceful environment make it an attractive destination for both investors
Besides these, Pune is ideal due to:
- Pocket-friendly housing options compared to Mumbai.
- Prompt expansion of areas like Hinjewadi, Wakad, Kharadi, and Baner.
- An increase in demand in both residential and commercial real estate.
- Green zones, good air quality, and better living conditions for families.
- High ROI possibilities because many MNCs are now setting up operations in the city.
Pune or Mumbai, Where Should You Invest?
This section outlines the major differences between the different aspects of the Pune and Mumbai regions:
| Aspect | Pune | Mumbai |
| Property Rates | Generally cheaper than in Mumbai. 1 BHK can be purchased for approximately ₹35–45 lakh. | Properties in Mumbai are costly; even a 600–700 sq ft apartment will cost you around ₹80 lakh to ₹1 crore. |
| Infrastructure | The city’s infrastructure has improved. | Mumbai is already developed and is extending with ongoing upgrades. |
| Transportation | Very effectively connected to many parts of Western India. | Extensive suburban rail, metro, and road links |
| Real Estate Projects | Presence of high-quality projects by Mahindra Lifespaces, Godrej Properties, Kolte Patil Developers, Shapoorji Pallonji Real Estate, Godrej Hinjewadi, Mahindra The Woods, and more. | Popular projects include Godrej Properties, Piramal Realty, Lodha Group, Lodha Codename Central, Godrej Exquisite, and more. |
| Return on Investment (ROI) | Rental returns are 3.4% and 3.6% | Areas like Bhayander, Vikhroli, Kurla, Malad, etc., provide a strong return on investment. |
Final Words
Both Mumbai and Pune offer excellent opportunities for properties, depending on your budget, lifestyle, and investment goals. Having read this guide and reviewed the table above, you can see that each city has its own perks, so the decision between the two will be yours. Just a quick tip: do not hurry while forming a decision, consider various factors, have a discussion with family or friends, and then make a decision.
