URSE – The next favorable destination for permanent stay

Ease of Living Index 2018 released recently by Ministry of Housing & Urban Affairs has found Pune to be the most livable city out of 11 cities surveyed. The index had taken into account economic factors, physical infrastructure, social infrastructure, institutions and governance as some of the parameters to arrive at this conclusion.

 

Geographically also Pune has been expanding and as per reports that have appeared, to make the most of the 94.5-kilometre Mumbai-Pune Expressway and harness the vacant land, the Maharashtra government is planning to set up central business district (CBD) along the stretch. The business district will house IT parks, recreational zones and affordable housing options. With this, over 70 villages will be developed along the stretch by the Maharashtra State Road Development Corporation (MSRDC). The MSRDC was appointed as the special planning authority for these villages in 2016.

According to the report prepared by consultant Darashaw, 23 plots were identified along the stretch on the Expressway and the immediate plan was to commercially exploit nine of them. Urse is on top of this list.  Urse has a unique locational advantage. It is at hub of major infrastructural development projects in the vicinity – the PMRDA Ring Road, the Expressway, Pune Metro and the Virgin Hyper Loop test station all converge at Urse.

Urse has an additional advantage of being very near to the industrial belt of PCMC, Maval, Chakan and IT/BT park of Hinjewadi. Urse is a short drive to all these business hubs making it extremely feasible for daily travel. It is estimated that more than 3 Lac people are working in the companies located in the Technology parks in Hinjewadi and its surrounding areas. Companies across various sectors like – IT, Automobile, Pharmaceutical, Engineering, floriculture have a footprint here and giants in all these sectors are making it a big market to bank on.

 

Talegaon and Chakan belt has presence of many reputed companies like Mahindra, Mercedes, General Motors, Volkswagen, Siemens, JCB, Finolex Cables, Bajaj, Land Rover, KPIT and many more. A large number of people travel from Pune and adjoining areas to work in these establishments.

 

Urse is exactly at the midpoint between Pimpri-Chinchwad and Lonavala. The drive time is a mere 20 minutes either way. Urse also serves as a connecting junction or as a bypass for the northeast -southeast corridors connecting the Industrial areas of Chakan, Talegaon with Hinjawadi. Many reputed educational institutions, engineering and medical colleges are also located in the close proximity of Urse

 

All in all this area has grown at a fast pace and is poised for an exponential growth in the future. Urse is blessed with a pleasant climate all year round and boasts of green hills, picture perfect natural surroundings where the clouds gather. The difference in the altitudes at Urse Central (2021 ft above mean sea level) and Lonavala (2047 ft above mean sea level) is a mere 25 feet thus enabling a hill station stay experience every single day.

 

Many of the developers are already planning for development in and around Urse. Pharande Spaces, one of the most renowned developers from Pune has already made one of the biggest real estate investments seen in recent times at Urse. They have acquired a 250-acre prime land parcel at Urse Central with the hills of Dongarwadi as a backdrop. What is unique about their project is that it will be a horizontal-development with no high-rise buildings and will exclusively be a community of Villa Homes. Pharande has named this upcoming project as “Vaarivana” meaning a forest of clouds. Godrej Properties, Lodha Group, VTP Developers and Peninsula are some of the other developers who have their projects around Talegaon and Mamurdi which is in close proximity to Urse.

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With the implementation of RERA and stabilization of GST, a high degree of transparency has already been the hallmark witnessed in the real estate sector and locations like Urse with multifold advantages will see people buying property not for investment purposes but largely for permanent stay.

 

Pharande Spaces’ Vaarivana – the centre of now

Pune district has been at the center of Maharashtrian and Marathi history for more than four hundred years, beginning with the Deccan sultanates and followed by the Maratha Empire.

As they say in Marathi: “Fulala sugandha maticha”! True to that saying, the history of those kingdoms and the lives of those who built them, were formed by the land that nurtured them.

Maval was the land of the Mavale, the hardy men whom Shivaji led into a daring adventure in the 17th century. Many of Shivaji’s comrades (and, later, a number of his soldiers) came from the Maval region in the district’s western mountains, including Yesaji Kank, Suryaji Kakade, Baji Pasalkar, Baji Prabhu Deshpande and Tanaji Malusare. Shivaji traveled the hills and forests of the Sahyadri range with his Maval friends, acquiring skills and familiarity with the land which would be useful in his military career.

The literal meaning of Maval from Marathi is “the land over which the sun sets” which is the eastern slopes and the foothills of the Sahyadris.

Grant Duff, a British soldier and historian and the author of the 3-volume tome published in 1826 “A History of the Mahrattas” described Maval’s rugged topography and flora as “scenery which everywhere presents itself is of the grandest kind”.  Maval is one of the world’s highly bio diversified regions. Steeped in history with Karla Caves, Lohgad and Bhaje in close proximity, Maval is also blessed with a pleasant climate round the year and boasts of picture-perfect natural surroundings. The Pavana lake as well as Lonavala are within the region. And now the pleasant surprise….Maval is a tehsil in Pune district and very easily accessible from the city on the Pune Mumbai Expressway corridor.

A leading developer of Pune has acquired a large land parcel in these pristine environs.  A planned 250 acre fully integrated township has received all the mandatory approvals and is being launched soon. The township is coming up at Urse Central just two kilometres from the Talegaon Toll Plaza on the Expressway. It is a smartly designed township that has just horizontal development – no high-rises and only villas on offer. A mere 20 minute drive from the IT hub of Hinjawadi as well as the industrial hub of Chakan makes it a smart alternative to leave behind the cluttered concrete towers and start living in a bungalow . The connect with history and being one with nature is a bonus.

 

Truly Maval-ous!

Pharande Spaces Launching Vaarivana – Pune’s Largest First Home Villa Community at Urse Central

The Maharashtra State Road Development Corporation (MSRDC) has plans to sell or lease out 1,000 acres along the Mumbai-Pune Expressway. The land is valued around Rs 12,000 crore. This is planned to be done in nine or ten years to partly repay loans of around Rs 28,000 crore to nine banks which are funding the upcoming 701-km Mumbai-Nagpur super-communication highway, dubbed the state’s prosperity corridor.

The project plan envisages developing land parcels flanking 2 kms on either side of the Expressway. Back in 2008, the MSRDC had carried out a study through a private consultant regarding commercial exploitation of land parcels adjoining the Mumbai-Pune Expressway. The study had recommended amusement park, townships, educational institutions, agriculture research centre, food park, golf course, truck terminal, luxury villas, IT Special Economic Zone, weekend destinations, snow park, and so on could be created.

According to the report prepared by consultant Darashaw, 23 plots were identified along the stretch on the Expressway and the immediate plan was to commercially exploit nine of them. Urse is on top of this list.

Urse has a unique locational advantage. It is at the hub of major infrastructural development projects in the vicinity – the PMRDA Ring Road, the Expressway, Pune Metro and the Virgin Hyper Loop test station all converge at Urse.

Proximity to Industrial Hubs

Urse has an additional advantage of being very near to the industrial belt of PCMC, Maval, Chakan and IT/BT park of Hinjewadi. Urse is a short drive to all these business hubs making it extremely feasible for daily travel. It is estimated that more than 2 Lac people are working in the companies located in the Technology parks in Hinjewadi and its surrounding areas. Companies across various sectors like – IT, Automobile, Pharmaceutical, Engineering, floriculture have a footprint here and giants in all these sectors are making it a big market to bank on. Phase 1 of Talegaon has seen companies like General Motors, Volkswagen, Siemens, JCB, Finolex Cables, Bajaj, Land Rover, KPIT and many others set up base. A large number of people are travelling from Pune and adjoining areas. With Foxxcon, a leading contract electronic manufacturer and a key supplier to Apple Inc., setting up a base at Talegaon, it is estimated that a massive workforce of 50,000 people will be required by just this one organisation. Phase 2 has also generated equal if not more interest, it will see a sharp rise in employment opportunities too.

Education Infrastructure

The fast-growing hub has good English medium schools, finest colleges for undergraduate and post graduate courses in almost all the fields. These schools not only promote learning through an advanced curriculum but also stress on sports and physical activity for the all-round development of the child. Some of the schools are B.K. Birla Center of Education, Heritage School, Great Eastern Academy and Mount Saint Ann Convent High School.

Be it engineering or medical education and research, there are enough options like Sinhagad Institute and Indira Institute for students to opt for after completing their 10+2. The renowned Maharashtra Institute of Medical Educational and Research is also located in the vicinity.

The sweet spot continues: Urse is exactly at the midpoint between Pimpri-Chinchwad and Lonavala. The drive time is a mere 20 minutes either way. Urse also serves as a connecting junction or as a bypass for the northeast-southeast corridors connecting the Industrial areas of Chakan, Talegaon with Hinjewadi. The proposed Navi Mumbai International airport at Panvel is merely at a distance of 83 kms.

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High Growth Potential

All in all, this area has grown at a fast pace and is poised for an exponential growth in the future. This excites the real estate developers to make more and more investment in projects in the region that are sure to yield them heavy returns. Since the location is at quite a feasible distance from Pune, people have started shifting to this area to avoid the city’s hustle-bustle and experience nature very close to them.

Biggest Development at Urse

One of the biggest real estate investments in recent times has been by Pune’s leading developer Pharande Spaces. They have acquired a 250-acre prime land parcel at Urse Central with the hills of Dongarwadi as a backdrop. What is unique about their project is that it will be a horizontal-development with no high-rise buildings and will exclusively be a community of Villa Homes. This is certainly not only the biggest only-villa project in Pune but maybe across Maharashtra as well. Pharande has named this upcoming project as ‘Vaarivana’, meaning a forest of clouds.

Prospective buyers at Vaarivana also get to own the free-hold land that their villa or bungalow stands on. An investment in land provides better appreciation as compared to an investment in an apartment. Pharande Spaces’ Vaarivana has received all approvals under the Maharashtra Special Townships Act. The project has been registered with MahaRERA number: P52100018391 | Phase A-1; P52100018252 | Phase C and D as well. A key feature at Vaarivana is that 90% of the plot is a green area. Vaarivana will host a 6-hole golf course and a 50,000 sq. ft. club house.

Vaarivana is at the heart of Urse Central and all locational advantages of Urse Central hold true. In addition, a road is being constructed by PCNTDA that would connect Vaarivana to Nigdi via Appu Ghar. This distance would be covered in just 10 minutes. A proposed 30 m wide RP road will connect Vaarivana to the Rajiv Gandhi Infotech Park, Hinjewadi. The distance from Vaarivana to Hinjewadi is 19.5 kms and the drive a breezy 16 minutes.

Vaarivana Altitude

Urse Central is blessed with a pleasant climate all year round and boasts of green hills, picture perfect natural surroundings where the clouds gather. The difference in the altitudes at Urse Central (2021 ft. above mean sea level) and Lonavala (2047 ft. above mean sea level) is a mere 25 feet. It enables one to a hill station vacation experience every day. Khandala, incidentally is at an altitude which is 200 feet lower than Vaarivana.

Vaarivana is a great opportunity to invest for the future.

Puneville: Redefining luxurious living with a dash of modern lifestyle

pharande spaces logoWith the Pune real estate market now counting among the most vibrant and attractive property investment destinations in the country, the focus is now squarely on which regions and real estate typologies are in highest demand by end users and investors. West Pune has emerged as a clear winner. One of the major global industrial hubs, West Pune is a dynamic economic generator drawing power from its massive cluster of mechanical, automotive and information technology clusters.

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Integrated townships have become the most preferred residential real estate configuration in Pune, and Punawale in West Pune is now home to what is by far the most luxurious as well as future-ready townships of its kind. Puneville, the masterpiece of luxurious township living by Pharande Spaces, has completely redefined the West Pune real estate landscape. Conceived and executed in partnership with globally acclaimed architects Aedas, this ultra-luxurious project is the culmination of Pharande Spaces’ constant quest towards perfection in township development.

master-bedroom

Puneville has been created to be the penultimate statement in luxurious township living,” says Anil Pharande, Chairman – Pharande Spaces. “We have spared no effort, expense or stretch of imagination to make it the most desirable residential address in Pune, and we have succeeded. The response from end users and investors has been unprecedented. By design and intent, Puneville is a unique creation that has no peers. Here in West Pune, we have given the city its ultimate real estate destination.”

Puneville consists of 16 towers, each with 23 storeys of uniquely crafted living spaces. In keeping with its elite ethos, its 2, 3 and 4BHK apartments are equipped with highest quality fittings, fixtures and marble flooring, sourced from leading manufacturers in Europe and Asia. The outdoor perfectly complements the interiors with every conceivable luxury feature, including Olympic-sized swimming pools for every cluster of buildings, landscaped gardens, tennis courts and a jogging track.

Puneville also features a completely unique sky walkway that circumnavigates the residential towers, effectively connecting all the towers to a central green area and children play zones.

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Is Pune ready for such a luxurious, futuristic township?

“Absolutely,” says Anil Pharande. “Luxury living in Pune is driven primarily by its burgeoning Information Technology sector – and in terms of what buyers from this segment expect from their luxury homes, the stakes are extremely high. At the same time, integrated townships have emerged as the most desirable residential real estate offering, since they offer self-contained and self-sustained infrastructure as well as all the ingredients of a modern, convenient lifestyle. Puneville is the perfect marriage of residential luxury in a full-fledged township environment in West Pune, which is now the city’s most sought-after real estate investment precinct.”

Mar 28 2015 : The Times of India (Pune)

Be A Smart Property Buyer With A Pre-approved Home Loan

Anil-Pharande

 

 

 Anil Pharande, CMD – Pharande Spaces

Home buyers, and especially first-time buyers, would like to be in the best position to make their purchase once they have identified their dream home. The most challenging aspect of home ownership is invariably financing. Questions like which lending institution to approach, what loans should be applied for, how much loan to be applied for and how much time will it take for approval need to be answered.

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The best ‘be prepared’ move on this front is to become pre-approved for a home loan. Doing so means that this tricky and time-consuming aspect of home purchase has already been dealt with, and that one can enter the market focused squarely on the best options. Getting pre-approved also puts you in the strongest possible place when it comes to negotiating the best deal.

 

What is the difference between loan pre-qualification and pre-approval?

Pre-qualification for a home loan is more or less like an educated estimate provided by the lending company. They will be letting you know the type of loan you could qualify for, and the maximum amount. The estimate is usually based on your financial history, loan eligibility and buying power. A pre-approval, on the other hand, is a written confirmation by the lender.

Before handing over the pre-approval certificate, loan officers will completely access your employment and remuneration information and do a complete ‘credit-worthiness’ check. This involves collecting all the data related to your past and current debts, repayment history, disposable income, credit card record, etc. and running it through software that will calculate whether you could be a likely candidate for approval.

How to secure a pre-approved home loan?

While seeking to become pre-approved, it is always best to approach a lending company that you know or can be referred to by a friend, colleague or family member. The lender needs have the assurance that you are a credible borrower. However, do not stop searching after you have met the first possible lender.

Ask around and look for the lending institutions that that provide the most competitive interest rates and are known for their helpful customer service. The loan officer from the identified lending institute will then pay you a visit and help you streamline your financial statements so that you become ready to discuss your bank statements, investments, holdings, salary slips, income tax returns and other information related to your finances. This basically starts the process which will end with you becoming a pre-approved borrower.

What good will a letter of pre-approval do?

Firstly, a pre-approval letter lets you know the exact budget range you should be searching in. This helps you stay in sync with your financial reality and keeps you from allowing your focus to stray to properties that you cannot afford. Secondly, having a pre-approval letter means that you can grab an offer immediately when it comes across and is in your budget range.

The letter states that the finances are ready when you choose to ask for them. Important Note: it is highly advisable to work with lenders who have the ability to provide customized pre-approval letters, inclusive of the maximum purchase price. Sellers could get greedy if they see a greater loan amount than their quote.

Getting pre-approved for a home loan is a crucial step that can put you in the best possible position in the home buying process. It will give you both peace of mind and keep you focused on what what to look for and what to avoid in terms of affordability.

About The Author:

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran.

Gudi Padwa: The Festival of Renewal and Property Investment

Anil-Pharande

 

 

Anil Pharande, CMD – Pharande Spaces

India is a country of myriad traditions and festivals that are not only times of celebration but in many cases also major investment decisions. As a result, many market segments are also aligned to these periods. The Gudi Padwa festive season is among the periods of intense real estate market activity, because this period is traditionally seen as one of renewal and forward planning.

Gudi Padwa is a celebration of the coming of spring, during which nature once again delivers its gift of abundance after the largely barren winter months. In fact, this period is celebrated by almost every culture in the world in some form or the other. But probably nowhere with as much joy and fervour as in India, which is a country with very strong agrarian roots. It is no accident that Gudi Padwa coincides with many festivals all over India, from Baisakhi in Punjab, Puthandu in Tamil Nadu, Yugadi in Andhra Pradesh and Vishu in Kerala.

The cross-linkage of Gudi Padwa with real estate purchase is by no means a latter-day phenomenon – this trend has been in evidence since historical times. India is a country where certain times of the year as seen as very auspicious for any activity related to investment and wealth creation. A self-owned home is the biggest and most important investment for most Indian families, and the Gudi Padwa festive period invariably sees significantly increased property purchase activity.

This year, Gudi Padwa coincides with many other favourable market dynamics. Very much in keeping with the spirit of spring which Gudi Padwa celebrates, India has emerged from a prolonged period of political uncertainty and economic doldrums. A strong and resolute government has taken charge, and the Indian economy is visibly reviving. Across the country, Indians have put job insecurity and indecisiveness about their future goals behind them. However, the property market has not yet picked up concurrent pace, resulting in a very favourable scenario for home seekers this Gudi Padwa.

Depending on how the property market is behaving, developers roll out various offers and incentives to encourage buyers during the Gudi Padwa season. This year, such offers are going to be plentiful, but a more important dynamic we will see is that many developers who had refrained from lowering their rates may do so selectively this year under the guise of festival discounts. Without a doubt, the tradition-fuelled upswing in buyer sentiments must be harnessed during Gudi Padwa.

More than ever, home seekers intent on making their purchase this Gudi Padwa need to be guided by the right fundamentals. It is important to understand that when it comes to freebies and offers, the real estate market is no different from any other kind of market – an attractive offer only makes sense if it is attached to the right product. Considering the magnitude of investment one makes into a home – and also the purpose of this investment – it is very important to ensure that one is buying what one really wants and needs.

One of the best ways to maintain a clear focus while buying a home in a festive season is to make a list of the merits and demerits of every option one has short-listed first. Given the specific nature of home purchase, sufficient weightage must be given to location, the reputation of the developer, the facilities and amenities available, and of course overall value for money. If all these check out positively and are backed by an attractive offer or discount, one is on the way to making a good choice.

About The Author:

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran.

The Value Proposition Of Large Vs. Small Flats In Pune

Anil-Pharande

 

 

Anil Pharande

Over the last couple of years, I have been observing with concern the decreasing size of flats on the Pune real estate market. Of course, it is the demand for smaller flats that is driving this kind of supply.

With housing prices in the Pune Municipal Corporation rising relentlessly, the ‘biggest’ opportunity that developers perceive is in smaller flats that get sold in the shortest possible time. This kind of supply is aimed at first-time home buyers who either have limited budgets or low financial confidence.

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Smaller Flats – Pricing Trap

Though these are supposed to be ‘affordable homes’, the pricing of these units is actually on the higher side. They sell because the prices are still lower than those of larger flats, but the buyers are actually paying an excessive unit cost.

The reason for this disparity is that the ‘pigeon holes’ housing model itself has some inherent flaws built into it. To begin with, the share of common area that needs to allocated in a project that consists of only of small-sized homes means that the project loses in terms of overall efficiency and sale-able area. This results in lower revenue potential, so developers bump up their prices to compensate.

Secondly, the cost of construction depends on the quantity of raw materials being used. When a developer is building a project which comprises exclusively of small units, his development costs actually go up because every unit needs to be provided with separate fittings, appliances and finishes.

As a result, he will increase his prices to make up for the loss in profitability.

Home buyers should be aware that the converse is equally true. In a project with larger units, developers save on costs because of more efficient common space utilization and lower consumption of fittings, appliances and finishes for individual units.

Better Common Amenities

This is why a 1 BHK is often only 30-35% less expensive than a 2 BHK. The bottom line is that by opting for larger flats, property buyers are getting more value for their money.

Also, projects comprising of larger flats tend to have better common amenities, which the developer can maximize the overall livability and therefore attractiveness of the project rather than needing to focus on making as many units as possible within the available space.

The obvious question that follows is – where can middle class home buyers from Pune find larger flats that fall within their budgets? The answer is – in the developing (rather than expensive over-developed) parts of the city.

For example, West Pune is a corridor where hundreds of property buyers are still able to find true value for their money.

Property rates in many of the the areas of PCMC are lower than the inner localitions of the Pune Municipal Corporation, which means that buyers can get the benefits of larger flats with better amenities there.

With the vastly improved road connectivity, the newer areas of West Pune close to Hinjewadi and the MIDC are now becoming the destinations most favoured by home buyers working in these employment catchments.

About The Author:

Anil Pharande Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces, an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a mixed bag of products catering especially to the 42 sectors of Pradhikaran. Puneville in West Pune’s Punawale is the latest integrated township project by Pharande Spaces

 

Real Estate Investments Flowing Into West Pune

Anil-Pharande

 

 

Anil Pharande, CMD – Pharande Spaces

With a consistent track record for delivering the highest value to home buyers and investors alike, Pune’s real estate market has remained one of the most vibrant and exciting in India. By attracting more and more international and IT/ITeS companies to establish their operations, the city has been generating jobs at a scale which is unmatched by any of the other Indian metros.

Though the city ‘s property market has been witnessing fairly uniform growth, there is no doubt that West Pune is now the most vibrant and promising corridor. The primary factor driving growth in Western Pune is the Pune-Mumbai Expressway, which allows convenient and fast access to Mumbai.

Even by itself, this factor alone makes West Pune one of the most important parts of the city – in recent years, Pune and Mumbai have been coexisting in mutually beneficial economic juxtaposition, with capital and other resourcing flowing freely between the two cities.

punawale

The other reason why West Pune is on a tremendous growth curve is the fact that it has the major IT Parks of Hinjewadi, Baner and Aundh in the neighbourhood. At the same time, it enjoys superlative connectivity to the industrial pockets of Chakan, PCMC and Talegaon. Moreover, despite the massive economic activity and growth in this part of the city, West Pune enjoys a high degree of natural beauty.

This combination of factors has resulted in West Pune becoming the most preferred destination for home buyers and real estate investors not only from Pune, but also from Mumbai and various other parts of Maharashtra.

Because of the rapidly increasing demand for residential and commercial properties, West Pune has in the past delivered some of the most attractive real estate locations. With Aundh, Baner and Wakad now almost fully exploited and nearing complete saturation, Punawale has become the hottest new location in West Pune.

To a large extent, Punawale owes its fast rise to fame to the fact that it is located very close to the thriving Information Technology parks in Hinjewadi and Tathawade, as well as to the Pune-Mumbai Expressway. At the same time, Punawale offers quick access to Wakad and has a number of good schools, hospitals and shopping malls close at hand.

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With the arrival of superlative residential projects at Punawale by reputed developers such as Pharande Spaces, this area is now the the location of choice for IT/ITeS professionals working in Hinjewadi and Tathawade, as well as from buyers from the MIDC manufacturing hub who are attracted by the better lifestyle options now available there.

 

 

 

puneville_1This combination of factors has led to Punawale becoming not only a hot new investment destination but also West Pune’s newest and most exciting luxury homes destination. Punawale has now seen the arrival of Puneville, a luxury township by Pharande Spaces – a project that has provided Punawale with a 360-degree image makeover on the Pune real estate map.

Like Moshi, Ravet, Spine Road, Wakad and many other highly successful real estate locations, Punawale has the added advantage of being located at the fulcrum of various mega road development projects by this region’s infrastructure-focused town planning authorities.

Backed by the unlimited cash reserves at the disposal of PCMC, Asia’s wealthiest Municipal Corporation, and a diverse and vibrant economy which provides a convincing complement to that of Pune, Western Pune is seeing a steady and growing pipeline of employment opportunities generated by its manufacturing and Information Technology industries.

In Punawale, Western Pune has received yet another iconic location to take this prosperous, infrastructure-driven region’s real estate story to the next level.

About The Author:

Anil Pharande Chairman of Pharande Spaces, the pre-eminent construction and development firm in the thriving, pro-infrastructure Pimpri-Chinchwad Municipal Corporation (PCMC) region of Pune. Pharande Spaces has a number of integrated township projects in Western Pune in high-value locations such as Moshi, Ravet, Punawale and Spine Road to its credit. Puneville, the new luxury township at Punawale, has become the definitive landmark for luxury living in Western Pune

West Pune’s Golden Location Matrix Widens Into Punawale

Anil-Pharande

 

 

Anil Pharande, CMD – Pharande Spaces

While real estate is a constantly changing and evolving concept, some parameters remain constant – the three success mantras are still Location, Location and Location. In this respect, Western Pune is an important new chapter in the annals of Pune real estate’s success story. One of the most exciting new locations in this corridor is Punawale.

Thanks to massive demand for residential and commercial properties, Western Pune has delivered some of Pune’s hottest real estate locations over the past decade. Punawale is the latest addition to the region’s lineup of strategic real estate development and investment hotspots.

Located advantageously close to Hinjewadi and its burgeoning IT Park and the Pune-Mumbai Expressway, Punawale has now emerged as the location of choice for home buyers from the Information Technology as well as manufacturing segments. Punawale is also in close proximity to Wakad and benefits from convenient access to various hospitals, schools and shopping malls.

puneville

This combination of factors has had a big impact on demand for properties in Punawale, and has led to the launch of many new residential projects. Puneville, a luxury township recently launched by leading developers Pharande Spaces, is one of the most notable examples of Punawale’s massive image makeover on the Pune real estate map.

Like Moshi, Ravet, Spine Road, Wakad and many other highly successful real estate locations, Punawale has the added advantage of being located at the fulcrum of various mega road development projects by this region’s infrastructure-focused town planning authorities. Backed by the unlimited cash reserves at the disposal of Asia’s wealthiest Municipal Corporation.

Backed by a diverse and vibrant economy which provides a convincing complement to that of Pune, real estate growth in Western Pune is backed by a prolific manufacturing sector represented by a number of national and global industry giants. This region is seeing a steady and growing pipeline of employment opportunities generated by its manufacturing and Information Technology industries.

This factor has ensured that areas like Punawale see instant absorption of housing projects across budget brackets. It goes without saying that an employment-driven real estate location like Punawale also receives significant attention from property investors.

In Punawale, Western Pune has received yet another iconic location to take this prosperous, infrastructure-driven region’s real estate story to the next level.

Puneville’s Dazzling Independence Day Launch Draws Massive Attendance

The launch of Puneville, the game-changing, futuristic luxury township by Pharande Spaces at Punawale on India’s 68th Independence Day drew massive attendance of eminent dignitaries and real estate industry stakeholders. After hoisting the tricolour was hoisted at the launch venue to the refrains of the national anthem, Hemant Naiknavare – President, CREDAI Pune addressed the gathering and was generous in his praise for Puneville’s never-seen-before features.

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Puneville is a brilliantly conceived and executed luxury township,” he said. “Pharande Spaces, in partnership with globally acclaimed architects Aedas, have outdone themselves by delivering a fantastic residential project. The timing of this launch is perfect, because Puneville is the ultimate celebration of freedom of an ultra-modern lifestyle. Also, thanks to Pune’s rapidly accelerating Information Technology boom, demand for such ultra-modern township homes has never been higher.”

After the inaugural address, Kamlakar Akode, Director – Town Planning (Maharashtra) elaborated on the progressive ‘infrastructure first’ approach that is the hallmark of real estate planning and development in Pune’s progressive PCMC region, and added that Puneville is a fitting tribute to this futuristic approach which has set a new benchmark for Indian real estate.

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Addressing the gathering, Satish Magar, Vice President – CREDAI expressed his amazement at the world-class amenities offered at Puneville and also described the location at Punawale as nothing short of perfect. Shantilal Kataria, Vice President – CREDAI Maharashtra added that Punawale, Wakad and Hinjewadi are the most promising of Pune’s upcoming real estate locations and that Puneville is indeed an integrated township that has achieved global standards of excellence.

Anil Pharande, Chairman – Pharande Spaces described Puneville as his personal labour of love and the culmination of Pharande Spaces’ constant quest towards perfection in integrated township development. He was also graphic in his praise for Aedas for bringing the full benefit of their global architectural design expertise to bear in this luxury township.

After the Independence Day ceremony, Akash Pharande, Head (Marketing & Sales), Pharande Spaces treated the attending dignitaries and guests to an enthralling project presentation and a guided tour of Puneville and its various state-of-the art features. The sumptuous lunch that followed featured an international cuisine that dovetailed perfectly with Puneville’s uncompromisingly global design and ethos.