Pune is among the top destinations for real estate development in India. Considered as the IT Hub, Auto Hub and Educational Hub of Maharashtra, Pune City has much to offer in terms of real estate development. The development of Pune has spread from the center of the city to the outskirts. Due to the industrialization in and around Pune, Builders and developers in the city are focusing on areas beyond Pune city which are going to develop in years to come. Many locations have developed in recent years, areas like Hinjewadi, Sinhagad road, Warje, Kharadi, Dhayri, Wadgaon and as far as Ravet, Talegaon and Chakan.
Chakan is considered as Auto Hub of Pune and about 45 mins to an hour’s drive from Pune City. Chakan has been home to a Special Economic Zone (SEZ) and the Maharashtra Industrial Development Corporation (MIDC). Chakan industrial area is considered as one of the best. MIDC has developed this area which stretches to 246 hectares, with basic as well as high grade quality facilities. Provisions have been made for laying electricity, telephone lines and other service lines. Pune’s real estate market has continued to benefit from its growing manufacturing sector. The immediate future will bring considerable growth in the traditional industrial location in Chakan. Industrial giants like Volkswagen, Daimler Chrysler, Mahindra & Mahindra and Bajaj Auto have bought space in Chakan.
Chakan falls under Pimpri Chinchwad Municipal Corporation. The development of Chakan has taken place due good infrastructure development such as water supply, electricity and good approach roads. Chakan is about 32 KM away from Pune, on Pune Nashik Highway. It also Connects Pune – Mumbai Highway to Pune – Nashik Highway and to Pune –Ahmednagar – Aurangabad Highway. Chakan is well connected with Maharashtra State Corporation Transport (ST) buses from all important cities of Western Maharastra. It is 150 KM away from Mumbai, 120 KM away from Ahmednagar and 175 KM from Nashik. It comes under Pune – Mumbai – Nashik Golden Triangle. It is very well connected to Pune City and Pimpri – Chinchwad City by PMPML buses. Shiroli Chandus village, located 6 km north of Chakan, has been identified as a probable site for the proposed Pune International Airport.
Due to many industrial units which has come up and many more industries coming up has increased the job opportunities has led to increase in population in Chakan. The demand for real estate properties are natural as many people working in near and neighboring factories prefer to buy a property or rent a property in Chakan.
The rapid industrialization in Chakan has increased the demand for both residential and commercial complexes. Builders and Developers have already started with development of residential projects with 1, 2 bhk 3 bhk flats / apartments, Villas / Bungalows and row houses. Projects like Eiffel City, Swapna Nagri, Dwaraka, Aishwariya have come up with property rates/price ranging from Rs 2,100 to 2,300 per sq.ft in Chakan. Many projects have facilities and amenities like club house, gymnasium, round the clock security, wifi connectivity, etc. More residential and commercial projects are expected to come up in Chakan in the coming years.