By Soniya Gaonkar on Jun 23, 2022 5:16:43 PM
Known as one of the fast-growing suburbs in Pune, Pimpri-Chinchwad has emerged as a prominent residential hub for new homebuyers and investors alike. The manufacturing industries and establishment of the IT Park in Hinjewadi have triggered rapid infrastructure growth and road connectivity of neighbourhoods to the other parts of the city.
With the advent of newer work opportunities and the development of local connectivity, the social infrastructure and amenities such as educational institutes, hospitals, shopping malls, and restaurants grew too. With the cosmopolitan population migrating to PCMC from not just the state but also the country the demand for residential projects in PCMC has grown in the past few years. Moreover, people working in IT, automobile, and organizations with international exposure became saliently influential in developing a taste for luxury in the neighbourhood. This is just the gist; we have 6 reasons that will make you believe that PCMC is the new redefined star residential location:
1. Efficient Administration
One of the major benefits citizens experience as compared to Pune is the efficient administration of Pimpri Chinchwad Municipal Corporation (PCMC). The economic hubs and administrative centers in PCMC have helped in planning and rigorously enforcing the infrastructure development blueprint by the Pune Metropolitan Region Development Authority (PMRDA).
2. Well-planned Infrastructure
Talking about the infrastructure, the well-planned infrastructure development in PCMC has been the biggest trigger for the growth and attracting the urban population to the neighborhood. This further increased investors’ interest in flats in Pimpri Chinchwad Pune leading to steady residential development and growth opportunity for builders and property developers to start new construction projects in Pimpri Chinchwad catering to the metropolitan population.
3. IT Parks and Commercial Markets
Since the establishment of Rajiv Gandhi Infotech Park in Hinjewadi, PCMC gained a new vigor in terms of the working population commuting to the area every day. Soon enough the demand for IT professionals and work opportunities in IT/ITeS companies created a need for luxurious flats in Pimpri Chinchwad for new homebuyers.
This created a huge potential for PCMC in attracting real estate investments over the past two decades. And now with the ongoing Metro and other infrastructure projects in place, Pimpri Chinchwad has become one of the fastest-growing suburbs in Pune continuing the trend of migrants and working professionals seeking 2 BHK and 3 BHK flats in Pimpri Chinchwad.
4. Automobile Industries
Apart from the IT centers, automobile industries hold a major share of PCMC’s economy. The latest land deal unfolded in Akurdi has been the biggest transaction in per sq ft rate. This has brought PCMC on the commercial map of Maharashtra creating considerable demand for commercial spaces, work opportunities, and in turn residential projects in Pimpri Chinchwad.
5. Quality and Comfortable Life
Known as the satellite city, Pimpri Chinchwad has been developed on the pillars on which all growing suburbs of Indian cities must be planned and built. In the past two decades, the city has experienced holistic growth providing a balanced lifestyle of cosmopolitan culture and comfortable living. This has continued to attract real estate investors and homebuyers in a search for a comfortable and quality life with the Metro culture away from Pune’s vehicular traffic yet within the vicinity of social and infrastructural amenities.
6. Rise of Residential Hub
The infrastructure projects and the surrounding development in PCMC have redefined the real estate canvas with a great return on investment for a prospective homebuyer. And now with the developing neighborhoods of Moshi and Punawale, the trend of real estate investment is continuing with new homebuyers seeking 2 BHK flats in PCMC with a luxury lifestyle and comfort living close to their workplaces.