Pimpri Chinchwad is one of Pune's major suburban areas, located on the north western outskirts of the city. The region that was primarily utilised for agriculture in the past, is currently renowned as a thriving industrial hub. The area experienced a significant industrial push beginning in the 1990s. This was followed by the establishment of many commercial setups of well-known pharmacies, rubber manufacturing factories, and the development of several IT companies.

Pimpri Residential Real Estate Sector Forecast

Pimpri's residential real estate market is more than promising. The business or industrial growth in this region is driving the development of residential real estate in this area. People who work as professionals in the Pimpri district are more likely to own homes in the surrounding area.

The city saw a slowdown in real estate development efforts due to the pandemic in 2020. Investing in real estate may be advantageous right now because property prices and interest rates on home loans are both on the lower side of the spectrum.

Trends In Real Estate

Pimpri Chinchwad has long been regarded as a prime real estate location. Those wishing to buy a home in the neighbourhood should check out the Godrej ICC Pimpri Chinchwad residential projects. Because of the location's large industrial expansion as well as a lot of administrative development, the location has been quite conducive to the development of residential properties. This is one of the primary reasons why so many residential real estate properties have already been developed in this location.

Investments Can Be Beneficial

Pimpri Chinchwad is one of Pune's most developed neighbourhoods. The best aspect is that, due to the large amount of available land, development opportunities will be just as relevant in the future. As a result, properties in this location like the Godrej ICC Pimpri Chinchwad are likely to have a high return on investment.

Let us take a closer look at why investing in residential properties in Pimpri Chinchwad is a lucrative option.

Great Connectivity

One of the most significant advantages of the region's residential properties is its excellent connectivity. Although Pimpri Chinchwad is located on the outskirts of the city, it is one of the city's major industrial areas and is well-connected to the rest of the city. This aspect of the site is a tremendous asset to the individuals who live there.

Residents of the region can now easily travel to any part of the city because of this excellent connectivity. In this section of town, the public transport system or network is rather powerful. This provides the region's residents with promising freedom of movement.

Great Schools

Investing in a 2 BHK or 3 BHK flat in Pimpri Chinchwad will help your child receive a good education. There are several top-rated schools in the Pimpri Chinchwad district. This means you can now be confident in your child's long-term education. Parents can also choose some of the greatest colleges, universities, and other institutes for their children's professional education. This aspect provides parents peace of mind concerning their children's future.

Overall, the Pimpri Chinchwad area is expected to reach its full potential in the coming decades. It will surely seem very different from what we see now. It has the potential to become a symbiotic assemblage of large industrial units, educational institutions, hotels, IT parks, healthcare services, entertainment malls, and shopping. This will be placed against a backdrop of massive public parks and gardens, with multi-lane flyovers and highways crisscrossing the landscape.

Various industries in Pimpri -Chinchwad industrial area

Automobile
Electronic
IT/ITES
BPOs and Call Centres
Steel and Engineering
Paper, Publishing, and Printing
Food Processing and Dairy Products
Pharmaceutical

Connectivity

Due to its excellent connection along the Pune-Mumbai Highway, the Pimpri-Chinchwad Industrial Area is a highly sought-after location for automakers and other multinational corporations to establish manufacturing plants/units. The industrial area is well connected by state highways and national highways.

Infrastructure

Telecommunication Facility and Broadband:

In these areas, telephone networks are provided by companies such as BSNL, MTNL, Reliance, Bharti Airtel, IDEA, and Vodafone.

High-speed internet services are provided by MTNL, Bharti Airtel, IDEA, and others.

Chinchwad and Bhosari have dedicated electronic exchanges.

Electricity

The region's power demands are met by two substations: a 220 KV substation in Chinchwad and a 400 KV substation in Bhosari.

Water Supply

Water MIDC built the Ravet and Chinchwad water supply scheme to serve the region with 144 MLD of water, which is obtained from the Pawana River. There are 150 km of water supply pipes in the area.

Transport

High-quality roadways and multiple-lane roadways connect the area internally. In the MIDC, there are wide highways that can accommodate the transit of trucks and containers. The asphalted roads are 80.13 kilometres long in total.

Fire Station

The Pimpri-Chinchwad Municipal Corporation has previously been given land for a fire station. Currently, the Pimpri-Chinchwad Municipal Corporation and MIDC work together to provide the fire station's facilities.

Norms for pollution

In the Pimpri-Chinchwad Industrial Area, all types of industries are permitted. MIDC demands Zero Discharge before establishing any industries.

All in all, a place that accommodates all parts that make a quality life. Furthermore, spaces like Godrej ICC Pimpri Chinchwad residential projects add to the comfort and convenience, making it worth considering.

Pimpri: the industrial hub you should know more about

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