Pimprit Chinchwad - The New Today

Pune and PCMC is now India's most sought after real estate destination due to its cosmo culture. Pune Property market has grown exponentially in last 10 years due to huge growth of industrial and technology belts. With the huge migration happening in and across this city, every family that stays in Maharashtra now dreams to buy property in Pune with an assumption that there kids may settle down here in future. The property prices have grown exponentially and settled down to levels of INR 5000 to 6500 in decent areas. Same way flats in Pimpri are available in levels of Rs.5000 to Rs.6000.

The current diameter of Pune and Pimpri Chinchwad properties markets is spread across upto 60 kms. Buying an affordable property in this area should cost you anywhere between INR 3800 to 4000. A typical 1bhk flat now costs you anywhere between 30 to 40 Lacs whereas a 2bhk flat would cost you around 45 Lacs to 70 Lacs.

At the current levels, properties in pune may still offer you better growth as compared to Mumbai due to preference of people to settle down here. Surveys and research predict Pune property markets to grow almost double digits for next 5 to 10 years.

Pimpri Chinchwad Real Estate markets have as well seen a tremendous growth in last 5 years. Some of the premium residential projects in PCMC include River Residency - 1, 1.5, 2 & 3 bhk riverside luxury flats in Moshi. Due to tremendous rise in PCMC Industrial belts till Chakan, new properties in Moshi has seen a very good demand. PCMC Real Estate Markets have also grown fast because of extensive development of infrastructure. One such very important development is the Multiway bridge near Nashik Phata which will directly connect to Pimple Gurav thereby making residential projects like Kalpataru Estate, a very prime property in PCMC.

The future of Pune's and PCMC real estate markets definately looks brighter. 

PCMC better than Pune on terms of investment and ROI

What is it about Pimpri Chinchwad and its township properties that is so different from what is happening in the rest of the Pune property market?
To understand this, one has to first understand what goes into the formation of a planned city. The immaculately planned residential areas that define the Pimpri Chinchwad Municipal Corporation’s real estate map are not an accident. They are the result of carefully planned social, economic and real estate growth. Unlike the central areas of Pune, the real estate market in PCMC has been scrupulously shielded from the central city’s ad hoc development style. The vigilance and futuristic thinking that went into this avant-garde satellite city have added a completely new dimension to the concept of residential properties in Pune.

From the very outset, the PCMC planning authorities were determined to avoid the mistakes committed in nearby Navi Mumbai, popularly known as the world’s largest planned township. After all, what began as regulated development in Navi Mumbai soon began giving way to commercialized expansion. Instead, PCMC adopted a blueprint for smart growth – a blueprint that placed utmost importance to organized urban planning. No scope was given to a nearsighted focus on capitalization on this new area’s development potential – the onus was firmly kept on long-term considerations. This was to be the city of the future – a place where residents could work, live and relax without any of the constraints that plague the rest of Pune.
Slowly, almost imperceptibly, the landscape of this previously ignored satellite city changed. Proposals for faster development were turned down. The master plan stayed in place, and the results are now brilliantly evident. Today, Pimpri Chinchwad Municipal Corporation is an acknowledged masterpiece of community-oriented real estate development. It has a unique blend of sustainable residential spaces, highly advanced transportation networks, a broad spectrum of employment opportunities, modern housing typologies such as township properties and superior supportive infrastructure. At every stage of planning, this city’s inherent natural, cultural, sociological and economic resources have been carefully preserved. This incredible growth area is now the most logical option for residential property in Pune today. For home buyers, PCMC is the prefect alternative to Pune’s unregulated urban sprawl, rapidly compounding traffic congestion and disconnected neighborhoods.

Considering the increasing evidence if rapid urban decay in central Pune, township properties such as those now coming up in Pimpri Chinchwad Municipal Corporation are the truly the New Residential Deal. However, PCMC is not only about wider, greener spaces, cheaper property rates, improved social fabric and better infrastructure. The establishment of such new growth areas, with modern residential alternatives such as township properties, is a blessing to the Pune real estate market (which has been stagnating within increasingly larger pockets). At first sight, they only seem to play a role in reducing the urban sprawl and offering home buyers a healthier and more comfortable lifestyle. These townships they are also instrumental in creating new urban centres, wherein new business districts create job growth in new directions. Thanks to the organized nature of their development, they create new and more rational scope for real estate market expansion while reducing pressure on property prices in the parent city.