Real Estate Development in PCMC

There’s something about Pimpri Chinchwad that is quite different from what goes around in the rest of the city and its property market. PCMC is one of the prime examples of how a planned satellite town can surpass the emergence and growth of its parent city, Pune in a very short period of time.

The influx of industries in PCMC has created tremendous employment opportunities for the masses. As a result of this, the quality of infrastructure in PCMC has improved exponentially. This indirectly results in residential real estate demand.

Some of the most important features of PCMC are as mentioned below:

1. Pimpri Chinchwad offers ample connectivity to Pune via road and rail
2. Presence of a large MIDC area generates countless job opportunities every year for the masses
3. Quality of infrastructure in PCMC is far more superior than what the parent city offers
4. The planning authorities for PCMC’s real estate development have ensured that the development process strictly follows a planned model, making sure that a high degree of living standards in maintained

The futuristic thinking that went into this unconventional satellite city has helped Pimpri Chinchwad to establish itself as an acknowledged masterpiece of real estate development. Apart from the residential and commercial property development, authorities in PCMC have taken care of the fact that the city’s natural, cultural, social and economic resources are preserved.

For a home buyer, PCMC seems like the perfect getaway from the unregulated urban sprawl in Pune and adjoining Navi Mumbai. This has also resulted in real estate appreciation in Pimpri Chinchwad since the potential of new properties being developed in PCMC is more than anywhere else in the adjoining areas. Education, healthcare, shopping and entertainment complexes have raised Pimpri Chinchwad’s value as a residential and commercial hub. It’s time for PCMC now to rise and announce its arrival in the real estate spectrum. 

Investing in Incredible Pune

India has witnessed major development and rapid transformation in the recent past, which is a proven advantage to the economy. This development has led to rising trends in lifestyle, purchasing power and property value.

The property market across the globe is at a low, with investments yielding between 2% to almost negative returns. The Indian real estate scenario, in contrast, is far more promising with an appreciation value anywhere between 25-40%. So, when it comes to investing in property, it comes as no surprise that many NRIs are now putting their money into India. In addition to making good business sense, their underlying emotional attachment to their home country makes it inevitable.

The appreciation of property values in cities like Pune, one of the fastest growing in India is valued at a minimum 7%, with its bordering cities and annexes, such as the twin townships of Pimpri-Chinchwad (PCMC), Chakan and Chikali growing at a whopping 30%. Driven by a number of factors, such as flourishing industry, a vibrant automobile, steel, IT and service sectors, the demand for housing continues to rise in PCMC, which boasts of state-of-the-art infrastructure. Chakan and Chikali are now commercial hubs with easy access and connectivity to Mumbai. Keeping this in mind iParmar’s River Residency has been designed and created to suit living and investing needs.

Whilst the rise in property values has seen a corresponding rise in the number of NRIs investing in Indian real estate, there are other contributing factors as well: Several Non Resident Indians plan to return to India in the future and purchasing property now just makes better sense. But it’s not only NRIs with plans to come home who are buying property; a large number of the Diaspora, are also emotionally tied to India, with family members still living here, and with e-solutions now easing the way, India’s property market is fast becoming part of its shining story.

As in every business decision, due diligence is a must, if one is to reap the many benefits of this burgeoning market. So, going with a reputed builder with an established track record is always recommended: Not only are you assured of a quality construction packed with modern amenities and specifications, you also get the peace of mind that comes with knowing you’ve spent your money wisely and well. 

Pimpri-Chinchwad receives three national awards

The Pimpri Chinchwad Municipal Corporation received three awards under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) of the Union urban development ministry for being the

• Best city for 2011, 
• Best improvement in water supply and waste water sector and 
• Best city in effective enforcement of pro-poor awards.

Prime Minister Manmohan Singh gave away the best city for 2011 award, while Union urban development minister Kamal Nath gave away the best city in effective enforcement of pro-poor scheme award. State chief secretary Ratnakar Gaikwad, Pimpri Chinchwad mayor Yogesh Behl and commissioner Ashish Sharma received the awards in New Delhi on Tuesday.

Pimpri Chinchwad is one among the 65 cities selected under the JNNURM scheme and, at present, 14 projects under its aegis are being implemented in the twin township. It is mandatory for all cities under JNNURM to execute approved projects and undertake reforms as per the tripartite agreement between the Union government, state government and the civic bodies to avail of the funds granted.

The best city for 2011 award consists of Rs 5 lakh, a memento and citation.

The civic body has laid water supply networks and built sewage treatment plants for which it has received the first prize in the category - improvement in water supply and waste water sector. The award consists of Rs 3 lakh, a memento and citation. The civic body has installed water meters, took efforts for equitable water distribution, started online bill payment system, call centre for complaints regarding water supply, reduced water leakages through supervisory control and data acquisition system and set up water treatment plants using advanced technology.

Also, the civic body has provided houses at low rates under the basic services to urban poor programme under the JNNURM. It has provided the urban poor with roads, water supply, drainage, solid waste management, education, health and medical services and facilities. The civic body has received best city in effective enforcement of pro-poor award that comprises Rs 3 lakh, a memento and citation.

PCMC to widen road stretch leading to Hinjewadi IT park

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) is planning to widen the 900-metre stretch of the road from Wakad chowk (on the Westerly bypass) to Shivaji chowk easing the traffic problems from Wakad to Hinjewadi IT Park.

The road stretch, which falls within the PCMC limits, is to be widened to 30 metre with six lanes at a cost of Rs 7.97 crore. The civic standing committee approved a resolution to this effect last week.

The PCMC has already planned a bus rapid transit system (BRTS) route reaching Wakad chowk from Kaspate Vasti. While the BRTS road up to Wakad chowk will be 45 metre wide, the 900-metre road ahead is to be widened to 30 metres. M T Kamble, joint city engineer, PCMC, said, "The civic body will not have to spend an additional amount on widening the stretch since it will be included in the works for the BRTS. The road widening will reduce traffic congestion and benefit residents of the twin township and other nearby areas.

The standing committee resolution states that social organizations, local corporators, traffic police and others have demanded that the road from Wakad chowk going to the IT park be widened to reduce traffic congestion and accidents.

A civic official said that the 30-metre-wide road will have six lanes. This road will be widened by another 15 metre in the second phase after the civic body gets possession of the necessary land. The road widening will be completed before the onset of monsoon next year, he added.

R B Nale, assistant police inspector, Hinjewadi traffic police chowkey, said, "The road from Wakad chowk on the westerly bypass near the flyover to Hinjewadi is unevenly wide. The vehicular traffic flow is very high from 8 am to 11 am when the IT employees from various parts of Pune and Pimpri Chinchwad go to their workplaces at the IT park. The bridge over the nullah is narrow from Wakad to Hinjewadi and is a bottleneck. The people from Pune city coming from Baner side use the road below the flyover while the people from Pimpri Chinchwad city use the flyover to go to the IT Park. As a result there is traffic congestion when the vehicles reach the bridge over the nullah. The traffic police alternately allow the traffic from the flyover and that below the flyover to proceed towards the nullah bridge."

Nale said, "Half of the road from Wakad chowk to Hinjewadi lies within the PCMC limits and the remaining half is in the possession of the Maharashtra Industries Development Corporation. The road needs to be widened by both the authorities to reduce the traffic congestion."

New Chakan airport gets Rs200 crore nod

The Union Ministry of Civil Aviation has sanctioned Rs200 crore for the proposed Chakan international airport, which will come up on a new 700-hectare site, adjacent to the previous one.

A 18-km metro railway corridor has also been proposed linking the airport to the international exhibition and convention centre in Moshi, said divisional commissioner, Dilip Band, on Thursday.

Addressing a press conference at the Pimpri Chinchwad New Township Development Authority (PCNTDA) office in Nigdi, he said, “The old site was scrapped due to farmers’ opposition, but there are no such hurdles at the new site. The project would require rehabilitation of only 80 households. The government will definitely offer more compensation to these families, as the project is extremely important for Pune,” he said.

With the development of the airport and the exhibition centre, the area will emerge as a major hub in the city.

There are 10,000 parking spaces available at the Moshi exhibition centre. Passengers can park their vehicles at the centre and can take the metro to the airport, Band said.

He added that the cost of the metro link would be borne by the PCNTDA and the Airports Authority of India. The PCNTDA will set up a special purpose vehicle for this venture.

Pune-Nashik Road to be widened

To address the problems of growing traffic congestion in Chakan-Khed-Talegoan industrial areas, the state government has decided to initiate steps to widen the Pune-Nashik highway (NH 50).

According to the plan, the 30-km stretch between Nashik Phata and Rajgurunagar will be widened to six lanes from the existing four while the remaining stretch between Rajgurunagar and Nashik will be widened to four lanes from the existing two.

The public works department (PWD) recently called for a tender to appoint a consultant to prepare the detail project report (DPR) for six-laning of road.

An official from the department said once the DPR is ready, it will be sent to the state for approval. This will followed by inviting tenders for actual implementation of project. "The DPR will include conducting a details survey of the entire stretch from Nashik phata to Rajgurunagar, identification of areas required for acquisition to undertake the expansion of two additional lanes, preparation of estimates; and study of all other issues pertaining to expansion of the road," said the official.

The expansion becomes inevitable considering a significant increase in vehicular traffic, owing to newly-developed residential areas in Nashik phata-Chakan stretch and new industries coming up in Rajgurunagar and Chakan areas.

The expansion of Chakan MIDC has increased the traffic of heavy vehicles on this road.

Moreover, the Pimpri Chinchwad Municipal Corporation (PCMC) had written to the government demanding widening of the Pune-Nahik highway to six-lane up to Moshi. The PCMC also has planned to construct flyovers to increase capacity and streamline road connectivity.

Besides six-laning of Nashik phata-Rajgurunagar stretch, the state also has taken steps for the four-laning of Rajgurunagar-Nashik stretch. The work to prepare a DPR of this allotted to the private contractor.

Currently, a four-lane road is operational on Pune-Nashik highway up to Rajgurunagar and two-lane road after that till Nashik.

Chandmal Parmar, road advisor, said, "Along with six-laning of Pune-Khed road of NH 50, the government also needs to initiate steps for six-laning of Talegaon-Chakan road, which is a direct connection to the Mumbai via expressway. Unless this road is not expanded to six lanes, heavy vehicles will have to travel either to Pune and then reach the expressway, or they will have to travel on the existing small road up to Talegaon."

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.