A home built for appreciation

River Residency

An offering from the eminent iParmar Group, River Residency is a home that promises appreciation for the discerning homebuyer and the savvy investor, alike. Nestled amidst 34 acres of landscaped greenery, on the banks of the majestic Indrayani, it is bordered by a 25-acre protected green zone that further heightens the sense exclusivity of its lovely locale.

River Residency is located in PCMC-Chikhli, en route to the Talawade IT Park. Chikhali – and the areas that surround it – are currently seeing a spate of development, both, infrastructural and lifestyle. It is strategically located en route to Chakan which is already a major industrial hub, with manufacturing facilities of global automotive giants like Mercedes Benz and Volkswagen already up and running. The Talawade IT Park also lies in close proximity, as does the bustling suburb of Moshi, which is home to the upcoming International Convention Centre.

Designed by the acclaimed Hafeez Contractor, the apartments offer views of the internal green landscaping from one side and flowing vistas of the river from the other. The homes come loaded with lifestyle amenities that promise to enhance every aspect of the residents’ lives; wellness, sporting, leisure and even healthcare.

The ongoing infrastructural development and the location’s relatively undervalued rates coupled with the high style of living River Residency offers make this one of the most attractive real estate investments in the area.

The iParmar Group is one of Pune’s leading construction houses with a slew of award winning structures that have set new standards in construction, infrastructure development and project planning. River Residency is yet another creation that reflects the group’s commitment to building structures that encourage people to connect and flourish in the spaces where they live, work and play.

PCNTDA approves 140 crore for the construction of the Pune International Exhibition and Convention Centre at Moshi

The Pimpri-Chinchwad New Township Development Authority (PCNTDA) has made a provision of Rs 140 crore for the construction of the Pune International Exhibition and Convention Centre at Moshi in its Rs 607.18 crore draft budget for 2011-12 which shows a surplus of Rs 205.77 crore.

Suhas Divse, chief executive officer (CEO), PCNTDA presented the draft budget to divisional commissioner Dilip Band, president of the PCNTDA and the PCNTDA committee on Monday. The draft budget has a provision of Rs 401.41 crore for expenditure.

The draft budget was approved after discussions.

The convention centre will be built on a 240-acre plot of land in sector 5 and 8 in Moshi. A SPV has been created for the project called PIECCL in which PCNTDA has 94 percent share.

Around Rs 400 crore will be spent on first phase of the construction. Divse said, "Bids will be invited for the exhibition and convention centre in two months."

The budget has a carry forward of Rs 342.85 crore from 2010-11. There is a provision of Rs 61.23 crore for revenue expenditure and Rs 340.17 crore for capital expenditure. A provision of Rs 118 crore has been made for various developmental projects and Rs 22.56 crore for administrative expenditure.

PCNTDA has made provision of Rs 6.70 crore for constructing a subway to connect sectors 28 to 29 near Akurdi railway station, Rs 25.50 crore for a flyover near Mercedes Benz plant in Chikhli, Rs 5.20 crore for a flyover at Kudalwadi and Rs 10.50 crore for a flyover at Kalewadi chowk on Aundh-Ravet road.

PCNTDA has made a provision of Rs 5 crore for constructing affordable houses for the low and middle- income groups at Sector 30.

"This project will be implemented on a 7.5 acre plot and PCNTDA plans to construct around 450 to 500 houses. We expect to start the construction of the project after three months," Divse said.

PCNTDA has made a provision of Rs 1.10 crore for fencing around the acquired land to prevent encroachments, Divse said. Provision has been made for putting up direction boards in the PCNTDA limits.

Construction of Moshi convention centre to begin early 2012

The construction work of the International Convention and Exhibition Centre will begin at Moshi early 2012, said Pimpri Chinchwad municipal commissioner Ashish Sharma, after the inauguration of the sixth edition of the engineering expo at Autocluster in Chinchwad on Friday.

"We have a shortage of large exhibition venues in the country and there are large venues only at Delhi, Bangalore and Mumbai. We are developing an international convention and exhibition centre at Moshi. The master plan is ready. We have invited bids for construction of the first phase of this project and hope to start construction of two exhibition halls and convention centre in the first phase by early 2012," Sharma said.

He said that the centre has the potential to become the biggest in Asia.

The Engineering Expo 2011 will be open to public till November 21. There are 225 stalls. Manufacturers of machines, tools and accessories; hydraulics and pneumatics and instrumentation, besides light and medium industries, IT products and services units, automation, electrical and electronics, material handling equipment and process plant machinery and equipment are participating in the expo.

R Bhaskar, plant head, commercial vehicle business unit, Tata Motors, said, "The growth of Indian economy depends, to a great extent, on the growth of the manufacturing sector. Moreover, India's growth has to cover all sections of the industry. Therefore, an event like the engineering expo not only gives manufacturers an opportunity to showcase their products, but also allow technology-related learning to be shared and transferred between all stakeholders."

RV Krishnan, chairman, Business Development Bureau (India) said, "If Maharashtra has to progress, one should demand abolition of octroi. The production process needs to be streamlined. Small and medium enterprises are the backbone of the industry. It's a shame that the industry did not take a stand on India Against Corruption and did not support Anna Hazare's movement."

News Source: http://timesofindia.indiatimes.com/city/pune/Construction-of-Moshi-convention-centre-to-begin-early-2012/articleshow/10786649.cms

Pimpri-Chinchwad —a Metropolis in the Making

Pimpri- Chinchwad has rapidly shaken off its image of being a predominantly industrial township, a mere adjunct to Pune, and now bids fair to becoming recognized as a fully developed city in its own right.
The metamorphosis has not been easy. Several decades of apathy, a laissez-faire attitude and inertia to change had to be overcome. And overcome, it did, thanks to several efficient town planners and administrators at both, the Pimpri-Chinchwad New Township Authority (PCNTDA) and the Pimpri- Chinchwad  Municipal Corporation ( PCMC ), backed to the hilt by the Government of Maharashtra.
Swept aside have been the narrow, potholed roads choked with smoke belching trucks and buses, shanty towns, open drains and malodorous swamps, breeding grounds for a host of diseases that are typical of most industrial townships. They have been replaced by broad, multi-lane paved roads, impressive flyovers, well maintained public parks, ample potable water storage and supply network and an effective drainage system.
If one were to compare Pimpri-Chinchwad with Pune, some of the statistics are quite astonishing. Pimpri-Chinchwad, with an area of 178 sq. km. has 630 km of roads, over 100 public gardens and only 69 designated slums, as compared to Pune which, in an  area of 244 sq.km. has 650 km of roads, 79 public gardens and 560 slums!
The results of the impressive infrastructure development speak for themselves. Where there were only a handful of large Indian manufacturing companies like Tata Motors, Bajaj Auto, Finolex, Garware and a few British, Swedish and German multi-nationals, there is now a proliferation of globally renowned IT companies,  and several   leading Indian Engineering and consumer durable manufacturing  companies… if one were to consider Chakan, which, though it lies outside the ambit of PCMC  is accessible through and is largely serviced by PCMC, then one would add the names of some of the world’s largest automobile manufacturers!
Scores of well designed housing complexes, offering a wide range of housing options  from modest single bedroom flats to palatial bungalows dot the skyline from Baner to Chikhali; PCMC is home to several fine campuses offering graduate and post-graduate education in virtually every discipline; not to be left behind are banks and financial institutions and high end health care units, as well as retail and entertainment malls.
The planned 240 acre International Exhibition & Convention Centre along the Pune-Nashik Highway is perhaps the finest signpost to this transformation of Pimpri-Chinchwad— truly a Metropolis in the Making.