Saturday, June 30, 2007

Pimpri-Chincwad in the fast lane

With the population of the Pimpri-Chinchwad crossing the one million mark, the demand for real estate in both the commercial and residential sector has increased manifold.
Pimpri is witnessing tremendous development in the real estate sectors like never before. “The biggest township in Pimpri-Chinchwad, Empire Estates, is the new, upcoming mega township here, which is raising living standards to never-before heights. It is meticulously planned to create an environment that’s exclusive, spacious and green, with all facilities for comfort and convenience,” says a source from Sukhwani Builders.
Increasing number of malls, multiplexes, hospitals, schools, colleges in the area have added to the city’s desirability quotient. Jai Ganesh Fame multiplex at Akurdi has been a recent development in the entertainment arena. With the multiplex offering a decent ambience and good value for money, residents of the twin cities do not have to travel upto Pune for quality entertainment.
Major real estate developers have been attracted to the area because of its proximity to Pune – just 15 km away - and its developing infrastructure. Rates in the Pimpri-Chinchwad zone are stable now as compared to about 10 months ago. The rates for residential projects range from Rs 2550-2880 per sq. ft depending on the location and the amenities being provided.
Mahindra Gesco has a vast expanse of land in Pimpri and is aiming at developing the land with the best of the contemporary amenities in the near future. Mahindra Royale and The Woods are two of their major projects in the area.
“Mahindra Gesco is primarily aiming at developing residential zones keeping in mind the proximity of amenities and facilities like shopping complexes, malls and multiplexes at the service of its prospective buyers. Also being a reputed giant in the market helps as we don’t have time lags clearing with other legal matters and conveyance laws,” says Milind Patange, Head of Marketing of Mahindra Gesco Developers.
Pimpri-Chinchwad has many tourist attractions and hosts green and peaceful environs for the residents. Some attractive destinations in the twin-cities are Appu Ghar, Bhakti Shakti and Durga Devi Hill park.
In the wake of its increasing population demands there has been a steady increase in the number of primary and higher educational centres. Dr. D.Y. Patil’s educational institution, besides setting benchmarks in the educational arena, has also been a blessing for local residents. Sant Tukaram Nagar in Pimpri has developed post D.Y. Patil era. Many shops and restaurants have developed owing to the percentage of youth. Many people have constructed duplexes and offer the upper storey to the students on a cot basis or as paying guests.
“Renting our rooms to the students has become a secure monthly source of income for us. Besides offering rooms on rent, we also cater to mess facilities,” says Mrs. Salunkhe of Yayati society at Sant Tukaram Nagar.
Pimpri-Chinchwad College of Engineering, D.Y. Patil College of Engineering (Akurdi), Maharashtra Academy of Engineering, ATSS IICMR at Pradhikaran, Lokamanya Tilak Homeopathy college at Chinchwad are a few other institutions in the area.
The close connectivity and easy commuting to and from Pune is also an asset for the residents. Pune and Pimpri-Chinchwad Municipal Corporation are keen and interested in the development and widening of major roads and construction of bridges. The development of Dehu-Katraj bypass, national highway IV, has contributed towards relieving the traffic congestion.
“The old Mumbai-Pune highway has been converted to a four-lane highway with direct connection to the Mumbai-Pune expressway at Somatne Phata,” says Abhijt Sarwade, a resident of Pimpri.
The twin cities are well connected by road and rail. With regular bus services of PMT and PCMT to aid in commuting, railway trains also provide a decent connectivity to Pimpri Chinchwad. Nashik too is just three to four hours’ drive from here.
Government hospitals like Yashwantrao Chawan Memorial and other hospitals like DY Patil and Lokmanya Tilak offer quality medical service at nominal rates. Birla hospital one of the best in the country is providing quality medical facilities at affordable rates. The 500-bed hospital, spread over a sprawling 13-acre land, is located at the heart of Chinchwad.

With major developers Sukhwani, Mahindra Gesco and DSK vying for the real estate market in Pimpri-Chinchwad, their prospective consumers are catered to with an array of options.

Despite maintaining close proximity to Pune; Pimpri-Chinchwad has managed to maintain its distinct identity. Its offer of quality services with good amenities and a tranquil ambience is making Pimpri-Chinchwad a sought after residential location. The twin-cities of Pimpri-Chinchwad have become the preferred choice of the connoisseurs of fine living. The developments at the current pace will surely ensure that Pimpri-Chinchwad will be a coveted zone for developers and consumers alike.

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