Real Gets Real In Kasarwadi

If you thought that Punes real estate was rising at a steady pace

, then you should definitely take a look at Pimpri Chinchwad. Punes sister municipality is seeing a huge growth in the real estate sector. Pimpri Chinchwad was known as an industrial sector, having branches of many well-known companies such as Forbes Marshall, Atlas Copco, and Finolex, to name only a few. Now, areas within the municipality are becoming destinations, not only for industrial, but for residential companies as well. One will find many flats in Kasarwadi, Dapodi, and Bhosari coming up in PCMC.

According to Government officials, there is a growth of 15% in real estate taking place in the municipality. Officials from the Pimpri Chinchwad Municipal Corporation are predicting that there will be more than 50,000 properties in the municipality within the next three years. With the increased growth rate, one will soon find apartments in areas such as Kasarwadi, Sanghvi, Bhosari, and Chinchwad.

There are many reasons behind this. The district has a close proximity to Pune and Mumbai. In terms of industrial zones, it is close to areas such as Chakan, Dapodi, and Talegaon. The upcoming Pune airport at Chakan is another reason.

PCMC officials are taking significant steps to make sure that there will be a balance between industrial and residential development. The corporation is also upgrading its infrastructure, keeping the districts future development in mind.

The growth in the municipality will also have an impact on real estate prices. The current price range of residential buildings is between Rs 2,200 and Rs 2,800 per sq ft. More companies setting up shop within the corporation will lead to more people moving into the area. This will surely add to the growth of residential property prices as well.

Another factor to the real estate growth within the municipality is the development of an international convention centre in Moshi. The area of Kasarwadi is just 4 kilometres away from Moshi. Thus, it becomes one of the best places to set up residential apartments. One should also keep in mind that Kasarwadi is centrally located to the main highway, and to areas such as Bhosari, Pimpri and Chinchwad.

PCMC is no longer Punes small cousin. With industrials zones and residential flats in Kasarwadi, Dapodi, Bhosari and Sanghvi coming up, one can probably say it will grow to become a formidable municipality in its own right.

by: mantri

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