People buying real estate in Pune

For people who are investing in real estate in Pune- I want to understand your thought process behind. I am hoping it is beyond extrapolating historical data and expecting 4-5x returns in 10 years, if its around buying your dream house then it makes sense. If you are buying it as an investment opportunity let me know what data points did you consider beyond parental pressure if any. When we rent, we have the following benefits: * not get locked down to any one place * ability to move away if the apartment or the building maintenance is on the decline * not have money locked in to an asset that may or may not appreciate in value and also potentially get into a loan repayment that prevents us from growing wealth, vs choosing to grow wealth aggressively at the beginning. * ability to move to a convenient locality to reduce commute time. The time saved can be used for improving our health and our earning potential.