According to Pune-based real estate broker, SS Gill CMD of Gilson Realtors, Pune, "If a residential property is fully-furnished, the value increases by approximately 20-25 per cent over unfurnished apartments. The demand is high for well-furnished apartments especially from the senior executives from multinationals working in Pune's software companies, IT Enabled Services, BPOs, banking and financial institutions and other sectors but the supply is not very high at the moment. It is advisable to furnish the apartment and rent it out as you invest a small sum and reap large returns in the long term."
Pune's rental real estate market is also active in other areas such as Kothrud, Katraj which are much more affordable areas. Katraj is on the expressway Mumbai to Bangalore, and approx 20 km from Wakad junction towards Satara. Real estate developers are currently launching a plethora of projects in these areas and these localities' rental market is primarily driven by students as there are many colleges around this area. Also the social infrastructure is reasonably good here.
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