With the increasing population in Pune, the challenge in infrastructure has been increasing, which has led to scarcity in available of land that has forced the extension in the boundaries of the city.
The venture of IT and ITeS industries boomed the residential segment in the Pune real estate market that gave way to many unrestricted developments.
The impractical property prices engulfing the Pune Real Estate Market, the city’s unique selling points (USPs) with customary comfort of living and pleasant environment underwent. Today, Central Pune is expanding fast by exploiting hills, trees, and concrete jungle to accommodate to accommodate the rising demand in the sector. In this situation, the town planning commission is helpless for development need, and outdid all practical and justifiable boundaries.
Real Estate Glooms in Central Pune
With the booming IT hubs, the form of development in Central Pune has been absolutely covetous and inadvertent. Few places like Hinjewadi saw increase in demand for homes, Aundh witnessed many projects by property developers, while property prices in Wakad and Baner increased sharply, which was finally altered.
Attention on Pimpri Chinchwad Municipal Corporation (PCMC)
Currently, central Pune has lost its earlier class and environment in residential property segment. Hence, homebuyers started to focus towards Pimpri-Chinchwad Municipal Corporation (PCMC), which has arisen as the last settlement in Pune with the comfort levels of past residential property.
The growth of the real estate sector in the Pimpri Chinchwad Municipal Corporation is closely controlled by the PCNTDA to confirm strategic and accurate development.
Central Pune is exploited from contamination, reducing greenery, traffic jams, dearth in water and power, shortage of proper infrastructure and impractical rates of residential property. For now, Pradhikaran is profited from practical real estate development and the city’s growth is directed in the North and North-Western direction and is substantial for long-term investment in residential property.
Pradhikaran in Prominence
The PCNTDA instigated to gain land in the Pimpri-Chinchwad Municipal Corporation (PCMC) area strategic growth in the future and involved the sharing out of definite areas for industrialized activities, residential property expansion, community parks, open spaces, office buildings, shopping centers, infrastructures and conveniences.
Water supply to all sectors was facilitated before the development in each sector was allowed. With the development in the PCMC industrial sector, the demand for residential property in the Pradhikaran area in the past two years saw an increase.
Today, Pradhikaran area stands for about 7000 acres and is repeatedly seeing infrastructural improvements like water, roads, electricity supply, and digital connectivity.
Pradhikaran now vaunts of huge integrated township projects that symbolize environment and ecological living and the existence of manor companies like Talawade, Tata Motors, Hinjewadi, Chakan, and the Pimpri-Chinchwad industrial areas enhance the worth of these integrated townships, along with the favorably reachable to the financial capital city of Mumbai through expressways.
Considering all these criteria, Pradhikaran is finest choice for investments for first home buyers in the Pune’s real estate market.