Pimpri-Chinchwad: Flourishing Residential Location in Pune

Pune: The expansion of Pune across its length and breadth is making peripheral areas like Pimpri-Chinchwad the new residential favorite. With growing infrastructure and public amenities, including multi-lane roads, strategically located flyovers, public parks and urban forestation, residential property zones including MIG and LIG housing on a public-private partnership basis, ample potable water supply and a comprehensive drainage network, Pimpri-Chinchwad emerges out as one of the prime residential location of the city.With abundant green cover, most of the residential projects are now coming up here offer unobstructed view of distant hills, traffic is low and far-off echo from the express highway. The environment is absolutely perfect for residential family units.Naturally, prominent developers such as Pharande Spaces and Mahindra Lifespaces have snapped up prime land exclusively for building projects in the PCMC (Pimpri Chinchwad Municipal Corporation).”PCMC is a city which is still evolving, and the evolution process will take time as it covers a fairly large area. Existing civic and social infrastructure varies according to the individual dynamics of each micro-market. By and large, provision of social infrastructure is very good and is increasing with every quarter,” said Sanjay Bajaj, Managing Director, Jones Lang LaSalle India.The general range for mid-income housing is between Rs 3,500-4,500 per sq ft. However, Pimpri-Chinchwad has seen significant capital appreciation in real estate sectors including the appreciation of rental income in the last few years.Popular Projects in Pimpri-Chinchwad:• Antheia by Mahindra Lifespaces (Low-density project with a choice of 1, 2, 2.5 and 3 BHK apartments)• Woodsville in Moshi by Pharande Spaces• Celestial City in Ravet by Pharande Spaces• L-axis on Spine Road by Pharande SpacesConnectivity, amenity and comfort, Pimpri-Chinchwad provides all and hence it’s now the flourishing residential location in Pune.

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