Why Pune is the Best Place to Live Post Retirement?

TownSIP Research ~ 15 min read

Pune — Queen of the Deccan or the Cultural Capital of the Marathas, ​is the ​2nd largest city in Maharashtra after Mumbai but 1st in “ Ease of Living “ ranking across the country.
Do you wonder why is that? Let’s dig in

Climate

Pune is surrounded by Sahyadri Hills and is known for its pleasant weather throughout the year. Waterfalls, rains, clouds all over, and a chance to enjoy tea among a scenic view always attracts people from all places. Sandwiched between the Western Ghats in the south and the Sahyadri range of mountains towards the north, the city is located in a perfect place.

Connectivity

Pune is well connected with other cities of the state. Pune is ​150 Km​ from Mumbai, making it an excellent place to settle in where one enjoys a premium lifestyle along with closeness with “​City of Dreams​”. Pune is connected to Mumbai via Expressway which reduces the travel time. Also, Pune enjoys good connectivity with major cities like Nagpur, Bangalore, and others.

Metro work​ is estimated to be completed by ​2023​ and new technologies like Electric buses have already become the city’s heartbeat. The city of Pune has less traffic congestion when compared with other cities of Maharashtra especially Mumbai which is its nearest Metropolitan city.

The proposed airport will open more opportunities for the state and will also increase trade exchange resulting in a better lifestyle for residents. Current Pune airport lies in the mid of the city and has proved to be an essential part of Pune’s growth and development.

Pune junction serves as an important railway junction catering to the people from across. This city is also not overpopulated unlike many other metros and has thus retained its lush greenery surroundings. ​Pune railway division​ is one of the five railway divisions of Central Railway (India)​ Zone of ​Indian Railways​ located at ​Pune​ of ​Maharashtra state​ in western ​India​.

Education

Pune is also known as “​Oxford of the East​”. Pune has historically been known as a center for higher education and has been referred to as the educational capital of India. In 2006, it was reported that nearly 200,000 students from across India study in Pune at nine universities and more than a hundred educational institutes. Pune also hosts the Military Intelligence Training School which offers diploma courses in counterintelligence, combat intelligence, aerial imagery, and interpretation, among others. The College of Engineering Pune, an autonomous institute of the government of Maharashtra founded in 1854, is the third oldest engineering college in Asia. ILS, Symbiosis, Film, and Television Institute of India always remain hot shot colleges for youth.

Also, Pune has a lot of Govt. backed colleges like ​Army Institute of Technology, Armed Forces Medical College, DIAT​. Pune also hosts the​ Indian Army​ officers academy like National Defence Academy, College of Military Engineering​.

Youth from the Govt. Employee families also get the best of the exposure and the highest quality of education across the country.

Healthcare

Healthcare in Pune is provided by private and public facilities. The Pune city is served by three government hospitals: ​Sassoon Hospital​, Budhrani, and Dr. Ambedkar Hospital. There are also a number of private hospitals such as Ranka Hospital, ​Sahyadri​, Jahangir Nursing Home, Sancheti Hospital, ​Aditya Birla Memorial Hospital​, ​KEM Hospital​, ​Ruby Hall​, Naidu Hospital​ ​and Dinanath Mangeshkar Hospital. Also, AFMC and Southern Command Hospital cater to the medical needs of the residents. Medical facilities in the city are of high quality, with experienced doctors working day and night. Few hospitals like Jahangir Nursing home also hold ​NABH accreditation​.​ In addition to these various National level labs and research centers like ​NCL, the National Institute of Virology ​is also situated in the city.

Economy & Development

Pune has the ​6th​ highest per capita income in the country. Pune is also known as India’s “​Motor City​” as a lot of automobile giants have their plants in Pune. Apart from automobile giants other companies like Kirloskar and Bharat Forge and many others also have their good hold in the city. Chakan MIDC and other industrial parts cater to the city’s manufacturing needs.

The Hinjewadi IT Park (officially called the Rajeev Gandhi IT Park) is a project started by MIDC​ ​to house the IT sector in Pune. The estimated investment in the project is ₹600 billion (US$8.4 billion). The IT sector employs more than 4 lakh people. Software giant Microsoft​ intends to set up a ₹7 billion (US$98 million) project in Hinjewadi.

Pune has also emerged as a new startup hub in India with tech startups like Pubmatic, Firstcry, Storypick, TripHobo, TastyKhana (acquired by Foodpanda), UdchaloBharatrath, True Elements, and many others. Pune has the ​8th​ largest metropolitan economy and the ​6th​ highest per capita income in the country.

But wait !! Why am I telling you this? Let’s explore the other aspect…

People from the Govt. sector spend most of their time traveling and serving the nation. Also with their fixed income, their resources become limited.

But Post-retirement is when this emerging corporate sector comes in. Having suitable experience in the government job, with required need one can get employment post-retirement. Also with more companies across the city, the rate of employment has also increased for the next generation. Apart from good employment conditions, there are other benefits too.

On average Govt employee usually buys one or two properties in his life with their limited financial resources. Doing the same in Pune always gives the best returns over time as can be seen from the past. Buying the property either for the end-use or for the investment purpose, Pune is one of the hot cities with high returns. The steady capital appreciation even for resale property in Pune over the years is attracting global investors. Few areas in the city like Hinjewadi are experiencing growth in terms of price appreciation. Considerable growth in peripheral areas of the city such as M.G.Road, Koregaon Park, Bund Garden, etc has led to a marked improvement in the city’s physical infrastructure. Even outer areas like Pashan, Wakkad, and Aundh among few others have good infrastructure leading to an increased demand for flats and apartments in Pune

Defence Sector

Pune has always remained a favourite among the people of the Defence background. Pune is the​ Southern Command​ of Indian Army, with Indian Air force №20 Squadron headquartered at Lohegaon Airbase. Indian Navy also has​ INS Shivaji ​(Engineering Training Establishment) on the outskirts of Pune.

Thus people from all three forces love to reside in Pune as they have spent a lot of their time in Pune and also find most of their friends around.

Rajendra Sinhji Institute Club is always a hotspot for Defence personals after retirement. In addition to all this, defence personnel also avail the medical facilities with best in class hospitals like ​Southern Command Hospital, AFMC​.CSD is a facility readily available across the city due to the widely spread Cantonment area.

Weekend Gateways

Pune happens to be one of the youngest cities in India. With youth comes the zeal to work and craze to party hard.

Pune is blessed to have the highest no. of weekend gateways in the country. Popular weekend getaways near Pune, such as Kamshet, Panchgani, Lonavala, Khandala, are ever beautiful. Pune is the perfect place to spend your time and enjoy it all. Surrounded by many mesmerizing attractions, the city of Pune is no less attracted to many coming from outside, sometimes from even as close Mumbai to enjoy their weekends. Pune is a place gifted with beautiful getaways and amazing hill stations. Western ghats offer plenty of picnic spots near Pune to cater to all types of travelers — Be it the historical forts, crystal clear beaches, picturesque greenery, or flowing waterfalls. Amongst the most famous tourist places in Pune, there are some that just stand out clearly from the rest. Be it the Shaniwar Wada Palace that has seen some of the most intense and prosperous times in the history of the area, or be it the heights of the Parvati and Vetal hills in the region, offering mesmerizing views of the areas around.

Sports

Pune Hosted National games 1994, 2008 Commonwealth Games and also few leagues like ISL and IPL. Pune is decorated with world-class stadiums like MCA cricket Stadium. The Chhatrapati Shivaji Stadium in Balewadi is the venue for wrestling and other traditional sports. Royal Connaught Boat club, Pune Race Course, Paragliding club also remain on top for adventure lovers. Yerwada swimming club also provides a best in class platform for residents.

In Pune, after retirement, senior citizens can avail of the same recreational facilities they used to enjoy while living in government quarters.

Science Background

Pune is home to a number of governmental and non-governmental research institutes focusing on a wide range of subject areas from the humanities to the sciences. The Ministry of Defence​ also runs a number of defence related education, training, and research establishments in and around the city. Major research centers include ARI, NCL, IISER, IITM, DRDO, CDAC, NIV, NIC, and many others.

People from the Science background also enjoy a premium lifestyle in Pune city as the majority of the science organizations are in Pune. Most scientists post-retirement get the opportunity to be a faculty member in prestigious educational institutes in the city or posted as advisers to several institutes.

Safe Future For Family

As per the reports​ of Pune Police Commissionerate 2019, there has been a declining trend in violent crimes like murder, attempt to murder, dacoity, robbery, and chain snatching as compared to the corresponding earlier periods, making it one of the safest cities across the nation. Pune is one of the safest cities in India with a ​crime index of 41.69 as per the Numbeo​ site with safety walking alone during the daylight hovering around 77.86% as per the data based on the perception of visitors of the website during the past 3 years.

Smart City Model

The city of Pune is a live example of the Smart City Model of development being promoted by the Indian government in the planning of residential projects that are economical, socially, and environmentally sustainable. Investing in Smart City Project like the Amanora Park Town, Vaarivana, etc is further accelerating the property prices in Pune. This city also provides a lot of weekend gateways of different genres. Be it exploring the aspects of meditation with OSHO Ashram or Iskcon or enjoying nightlife and food culture with renowned places.

Pune is also referred to as “​Pensioners Paradise​” making it the ideal city to relax after retirement. Moreover, the level of gratification and tranquillity the city offers is truly incomparable.

Get In Touch

Contact Our Real Estate Experts