Pune and Bangalore run neck to neck in terms of weather, job opportunities and the distribution. However, when it comes to real estate, Bangalore comes out a real winner. But that is just us saying it. You don’t have to take our word for it. The fact and figure sheet in this article will convince you of the facts.
Analysis of the tables above:
• Rent remains on a slightly higher side in Pune for 1 bedroom apartments
• Rent for 3 bedroom apartments is higher in Bangalore which means that similar
apartments give more return in Bangalore (through rent) than in Pune
• Buying an apartment is cheaper in Bangalore than in Pune, but the returns on a 3 bedroom apartments is still higher in Bangalore.
Let us take a look at the financing and salaries cost in both cities
Salaries and Financing Pune INR Bangalore INR
Average disposable income after tax 34,500 40,500
Yearly interest rates 10.85 11.12
Source: www.numbeo.com
Analysis of costing:
• People in Bangalore either earn more gross income than people in Pune or the cost of
living is lower in Bangalore than in Pune
• People in Bangalore have more disposable income than people in Pune, which could
mean better quality of life
• Financing a home in Bangalore is more expensive than in Pune, but since the home
itself costs less, the average expense balances itself out.
Real estate in Pune is seeing a phenomenal growth, but the rate of property appreciation is
more rounded in Bangalore than in Pune. There could be several reasons for this. Bangalore
undoubtedly has a better public transport than Pune. Professional opportunities in Bangalore
are more mature owing to the presence of software and hardware companies making a beeline
for Bangalore. Pune was and still is in nascent stages.
Retail market development is higher in Bangalore than in Pune. Owing to this the real estate
sees a higher rate of growth than in Pune. Thus, it is safe to say that investing in Bangalore
gives higher returns on investment than in Pune.
