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Old 12-12-2014, 08:49 AM
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Pimpri-Chinchiwad emerges as the Prime Realty Souk near Pune

Pimpri-Chinchiwad emerges as the Prime Realty Souk near Pune
Pimpri-Chinchiwad has emerged as one of the major industrials regions in and around Pune. Needless to say that region?s property market has also undergone a huge transformation. The following post takes a quick look at the realty market of Pimpri-Chinchiwad.
Pimpri-Chinchiwad ? An Overview
Lying on the north-west of Pune, the region of Pimpri-Chinchiwad is often considered the twin city. The region has emerged into prominence after a rapid progress in infrastructure developments in and around Pimpri-Chinchiwad. Today, the region has emerged as one of the leading industrial areas all across Asia.
Pimpri-Chinchiwad?s promising industrial belt has had huge impact on property market of the area. An existing sound commercial property market has been driving the residential realty segment of the area considerably. Within a span of one decade, Pimpri-Chinchiwad?s residential realty segment emerged as a promising one and till date it continues to be one of the major hotspots for the residential property market.
Growth Drivers of the Property Market
Several reasons have contributed to the growth of the property market. Reasons like affordable prices, constantly developing infrastructure, have been the key drivers of the growth of the realty segment in the region. There has been a growth of 13-15 to per cent in the demand for apartments; a builder was recently quoted saying ?Road infrastructure in Pimpri Chinchwad is well developed. Roads in this locality are wider than other localities in Pune. For instance the road from Nigdi, which is the starting point of Pimpri Chinchwad, to Khadki is 20 km stretch and can be traveled in just eight minutes via the Grid Separator?.
Moreover, Pune has been facing several problems regarding water shortage which the municipality has not been able to come to terms with. Alternately, the Pimpri Chinchwad Municipal Corporation has been able to answer the crisis of water shortage to a considerable extent. This has definitely been one of the driving factors behind the growth of the property souk of Pimpri-Chinchiwad. Such a move has led to the widening of the boundaries of the region and it is all
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set to receive a sound makeover.
Rapid Urban Development
In terms of Urban Development, today Pimpri-Chinchiwad is almost at par with its neighbour Pune. It boasts of an impeccable infrastructure and an array of public amenities. The list of public amenities comprises multi-lane roads, strategically located flyovers, public parks and urban forestation. The rampant urban development has led to the locality being ranked as one of the most sought-after realty destination right after Pune. Sanjay Bajaj, Managing Director, Jones Lang LaSalle India, says, ?PCMC is a city which is still evolving, and the evolution process will take time as it covers a fairly large area. Existing civic and social infrastructure varies according to the individual dynamics of each micro-market. By and large, provision of social infrastructure is very good and is increasing with every quarter.?
New Launches in the Region
Several residential projects have been launched in the region that has succeeded in transforming its skyline. Residential spaces have been constructed with private-public partnership and all major realty developers such as Mahindra and MindSpace Group has developed exquisite residential spaces here. In the past three years, more than 2 lakhs properties have been launched in the region; needless to say that the demand for such places have been extremely high and they have been increasing with each passing day.
Developed keeping in mind, the requirements of modern day end users, and these projects offers an array of amenities; swimming pool, club houses, power back up, gymnasium, landscaped gardens; vaastu complaint, kids? play area, theater and some even offer wi-fi enabled compound. For example, MSR Reasons by Mind Space Group that is a promising residential realty project offering 2BHK/3BHK apartments. These apartments have been exquisitely designed and come fitted with the best possible facilities. One can find all the above-mentioned amenities within MSR Reasons.
In the words of Anil Pharande, Chairman, Pharande Spaces, ?The environment is absolutely perfect for residential family units. We have a number of township projects in Pimpri-Chinchwad, including Woodsville in Moshi, Celestial City in Ravet and L-axis on Spine Road.?
With such a boom, it goes without saying that investing in the real property market of the region is bound to yield substantial results.
Sampurna Majumder is a
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professional

writer and a passionate blogger. Currently she is writing content for several websites that cover latest trends related to real estate in India such as these as well as other fields. The above post explores the region of Pimpri-Chinchiwad as a leading realty souk.For more information visit at:



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