PCMC: Shining Pune Real Estate Corridor
Ever-increasing population in Pune has also put escalating pressure on available land, resulting in the forced extension of the city limits.
The Pimpri Chinchwad Municipal Corporation (PCMC) first came into the limelight as an industrial area. It also has an advantage of planned development. The growth of the real estate sector in the Pimpri Chinchwad Municipal Corporation is closely regulated by the PCNTDA, which works together with the PCMC to ensure planned and realistic growth.
In years gone by, the PCNTDA began to acquire land in the PCMC area so that planned development could take place in the future. This planning included the allocation of specific areas for industrial activity, residential property development, public parks, unobstructed spaces, shopping centres, office buildings, roads and utilities. Water supply to all sectors was ensured by the construction of several mammoth water tanks, each with capacities of several million liters, before development was permitted in each sector.
Once this was done, the PCNTDA made the developed land parcels available to property developers. The PCMC master plan also provides for generous road widths, the likes of which are impossible elsewhere in Pune. This goes a long way in preserving one of Pradhikaranís natural splendour and hygiene.
Because of these factors, and also because of the growth in the PCMC industrial belt, the last two years have witnessed a huge increase in demand for residential property in the Pradhikaran area. The fact that a number of large international companies are operating in nearby Chakan has, in fact, been a primary criterion for the area's development profile.
These companies regularly deliver thousands of jobs at all levels, which has had a telling effect on Pradhikaran ís general economic status. Specifically, there has been a huge surge in demand for residential property there. Pradhikaran's expansion, which has been inspired by the Chandigarh model of controlled development, began with a few hundred acres.
Today, the area speaks for about 7000 acres. Pradhikaran is continually seeing infrastructural enhancements on all fronts ñ including roads, water and electricity supply and digital connectivity. Pradhikaran now boasts of massive integrated township projects that offer all the hallmarks of ambient, sustainable living.
Apart from the high lifestyle quotient, the investment potential of these townships benefits from a magic mix of real estate market drivers. The presence of Tata Motors, Talawade, Hinjewadi, Chakan and the Pimpri-Chinchwad industrial belt add to the value of these townships, while the Mumbai-Pune highway and Expressway make it advantageously accessible to the financial capital of Mumbai