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.

Pimpri Chinchwad Leads Pune Property Market

Anil-Pharande

 

 

Anil Pharande, CMD – Pharande Spaces

With the formation of a well-planned satellite town adjoining an overcrowded city like Pune, the most obvious benefit is a possibility to de-congest the parent city. However, a more interesting fact is that real estate corridors such as the Pimpri Chinchwad Municipal Corporation actually have higher real estate appreciation potential than the central city. This is because they are growth areas where demand rises steadily and quality supply is still possible.
Pune PropertyIn such growth corridors, the greatest advantage to the property investor is the fact that the entry cost is relatively lower than in more centralized locations, even while the potential growth in real estate prices is much higher. Self-use buyers do factor in the property investment potential of satellite towns such as PCMC. However, what attracts them the most is its superior infrastructure, planned development and higher degree of natural ambience.
There are various cities in India with upcoming or established satellite towns.  Mumbai has Navi Mumbai as well as Kalyan/Dombivili and Vasai/Virar, while Delhi has Ghaziabad, Faridabad, Guragon and Greater Noida. In Bangalore, Yelahanka and Devanhalli are showing considerable promise, while Sriperumbadur and Siruseri in Chennai have proposed as satellite towns.
Kolkata has an established satellite town in Rajarhat, apart from Kalyani and Batanagar. However, the growth that each of these areas experiences or will experience depends entirely on the quality of infrastructure and the level of urban planning being implemented there. This is why investment in Pradhikaran properties and real estate in the other boom areas of PCMC is such a winning proposition.
The Pimpri Chinchwad Municipal Corporation and similar modern satellite towns have superior real estate appreciation potential for a variety of reasons. Just like everywhere else, Pune property rates respond primarily to the common denominator of demand and supply.
Residential real estate demand is created when an area has the right mix of employment opportunities, good infrastructure and the potential for an ambient, stress-free lifestyle. An additional prerequisite for demand is connectivity to the central city, without which residents in the satellite town would be, for most purposes, cut off from familiar areas and resources in the main city.
  • The Pimpri Chinchwad Municipal Corporation offers ample connectivity to Pune via road and rail
  • Its industrial and business zones generate countless jobs each year
  • Infrastructure in the PCMC area is vastly superior to what the central Pune infrastructure offers
  • The PCMC planning authorities have ensured that real estate development in this area adheres strictly to a pre-set urban planning model, thereby ensuring a high degree of living standards
  • Unlike central Pune, areas like Pradhikaran in PCMC offer modern yet affordable township properties. Township properties  are now widely recognized and accepted as the new residential property paradigm
The Pimpri Chinchwad Municipal Corporation is a showcase example of how a satellite town can surpass the parent city in terms of property investment potential as well as residential lifestyle quotient.
Little wonder, then, that properties in Pimpri Chinchwad are in ever-increasing demand by Pune property buyers. After all, PCMC remains a meticulously masterminded property investment destination that generates its own economic growth and social infrastructure. In PCMC, the commercial, retail and residential property markets work symbiotically to create a winning proposition for both real estate investors and end users from Pune and beyond.
Anil Pharande is Vice President of CREDAI Pune Metro and Chairman of Pharande  Spaces, a leading construction and development firm that develops township properties in the PCMC area of Pune, India.

Pune Real Estate: From Kothrud To Wakad – And Beyond

Anil-Pharande

 

 

Anil Pharande, CMD – Pharande Spaces

In Pune, property and quality of life were once synonymous, but that can no longer be taken as a given. In earlier years, it did not really matter much where one chose to buy property in Pune – all locations were more or less supportive of peaceful family life in their own right.

Today, while considering flats for sale in Pune, one has to consider a number of variables – among them the levels of traffic congestion and pollution, the availability of basic facilities such as water and, of course, quality of the neighborhood.

Let us take Kothrud, for example. This once charming area was one of the first suburbs to be developed after the old city. Even today, it is considered a desirable core area due to its strong connection with the city centre via Karve Road. However, for better or for worse, Kothrud is also mentioned in the Guinness Book of World Records as the suburb with the fastest urban growth in the world.

Kothrud started developing in late 90s. Back then, Pune City was truly a Pensioner’s Paradise, with little economic activity. People from Mumbai looking to buy property in Pune preferred Kothrud, naturally leading to an accelerated rate of development.

By the time the IT/ITES boom began in 2000-02, Kothrud was a full-fledged residential destination. Because of this, it fortunately did not go the way of suburbs like Aundh and Baner in the West or Viman Nagar in the East as they joined the IT/ITES bandwagon.

Over the past decade-and-a-half, Kothrud has evolved as one of the most densely populated residential destination in Pune. Residential projects are very scarce and the demand is enormous. However, because of the manner in which it grew, Kothrud was not developed holistically in terms of social infrastructure.

Many other areas in Pune developed on similar lines, and the old Pensioner’s Paradise charm soon gave way to massive, relentless development. This began the hunt for less cluttered and more lifestyle-supportive residential locations.

Pune Property

Fortunately, Pune is not a sea-locked city like Mumbai, and there was scope for looking further ahead. One of the first areas to emerge as a preferred area to settle down was Wakad – a once-nondescript village with 5000 locals who farmed sugarcane, onion and groundnut in its rich, black, fertile soil.

In 1983, the Pimpri Chinchwad Municipal Corporation (PCMC) acquired 50% of this virgin location. By 1998, PCMC counted Wakad as one of its areas. Today, Wakad has emerged as the focus of younger, financially fit families that are looking to upgrade their lifestyle by moving to larger, more nature-endowed homes on the outskirts of Pune City.

With the increasing congestion of the previously preferred area of Aundh, neighboring Wakad was seen as the perfect location, with close proximity to the Infotech and Biotech Parks at Hinjewadi, the Pimpri-Chinchwad Industrial area, the Mumbai-Bangalore Bypass, the Super Express Highway to Mumbai and the Balewadi National Sports complex.  Thanks to the Expressway, Wakad is only about 80 to 90 minutes away from Mumbai, and Mumbaikars looking to buy property in Pune saw it as an excellent value proposition.

Of course, Wakad is just one of the chapters that the Pimpri Chinchwad Municipal Corporation has in its book of Pune real estate successes. Today, Ravet and other sectors of Pradhikaran in the PCMC have become the new residential real estate watchwords in Pune. These areas are developing fast and are even now venues of extremely modern integrated residential projects.

However, the development of Wakad marked the beginning of a new residential real estate trend in Pune – the quest for better environments to settle down in and recapture some of Pune’s erstwhile glory as Queen of the Deccan.

Anil Pharande is Vice President of CREDAI Pune Metro and Chairman of Pharande  Spaces, a leading construction and development firm that develops township properties in the PCMC area of Pune, India.

The Investment Potential Of Pune’s Growth Areas

The 2012 Government Ready Reckoner for Pune shows a property rates increase of between 20-25% in some of the rural areas, primarily those that are being developed rapidly. Is this surprising? After all, would one not expect rates to go up more in urban rather than rural areas? Not necessarily.

homes

In the first place, it is the developing areas of Pune that are the investment hotspots, not the established ones. This is because these areas, though priced lower than the central city locations, are seeing addition of infrastructure and rapidly improving connectivity.

This means that property investors focusing on Pune can pick up properties at lower rates and watch their value grow as these areas become better connected to the city’s economic hubs. This phenomenon is already being witnessed in areas like Wakad, Punewale, Moshi and Ravet, all of which benefit from proximity to the Hinjewadi Infotech Park, the Expressway and the PCMC manufacturing belt. The demand for housing in these areas is high and increasing with every passing month.

It must be remembered that the price of housing is determined by the demand for it. In any given area, housing prices grow in tandem with the growth in local population. The basic logic is simple – as more people are added to a local economy, the more housing is required – and the greater the demand for housing, the higher will be the property prices. Pune property investors are obviously interested in cashing in on this trend.

The fact that Ready Reckoner rates are rising should also point the way for aspiring home owners. This is the right time to buy a home in one of the rapidly growing development areas of Pune. Investment in the right kind of home in the right kind of location can provide them a comfortable lifestyle now and financial security for themselves and their families in the long run.

Here are some quick guidelines for the selection process:

  • Ensure that the project is being constructed by a reputed builder with a good track record for timely completion
  • Ensure that the location has appreciation potential – ask a local broker by how much prices there have grown over the last three years and how much they are expected to grow in the next three years
  • Do not go by price alone but look at what is scheduled to happen in the location in the near and distant future
  • Invest in a township property. Township properties generally show better resale value than standalone projects because they have better infrastructure, security, construction quality, facilities and ambience

Posted by: K. D. Nagarkar

Pune Real Estate: The Price Of Rapid Urbanization

pune-night-300x187

By the most recent reckoning, India’s population currently hovers around the 1.15 billion mark. It is estimated that by 2030, this figure will have grown to around 1.53 billion. India’s urban areas are just about ready to burst at the seams, on the heels of an accelerating population explosion.

The population growth in India’s rural areas in the present decade is around 18%, and over 30% in the urban areas. This pattern of urbanisation is seen as encouraging, since it seems to indicate that India will attain the global urbanization standard average in the course of the next decade.

However, it is also true that this upsurge in our cities’ population is putting available civic structures like public transport, water supply, drainage, sewerage and obviously the supply of housing under severe pressure.

This raises the question – how are India’s real estate developers addressing the problem of insufficient infrastructure in and around their projects in the main cities? The fact is, they can’t do much.

In cities like Pune, property buyers have no choice but to turn a blind eye to the absence of sufficient infrastructure. They are aware of the fact that they will face numerous inconveniences, but what can they do?

Many opt to buy into projects that boast of compensatory measures to overcome the infrastructure deficit. These would include independent water supply if a reliable municipal pipeline doesn’t exist, electricity backup to make up for unreliable power supply and sump pits if the area does not have adequate sewage.

However, such projects in Pune City are few and far between, and homes in them come at extremely high prices. Also, no matter in how many ways Pune developers compensate for lack of civic infrastructure, they cannot add more than a token patch of landscaped lawn by ways of natural ambience.

The high property rates are a real problem. Many of those who buy flats in Pune have saved all their lives for buying their Pune dream home. They have made a lot of sacrifices to make this happen; having finally managed to save enough, they buy their homes and immediately regret it.

The maintenance costs for their flats are far too high for them to bear – a lot of them can’t afford petrol for their cars anymore. They travel to and from work by bus.

We have all looked at the parking lots of highly-priced residential projects and seen dusty cars with handmade posters on the rear windows saying things like ‘Homemade Detergent Soap Available at Flat 12A’ and ‘Tuition For Stds. V to IX – Contact Mr. XYZ at Flat 26C.

It simply makes no sense to invest everything in a home and then live in financial stress afterward. The solution obviously lies in finding a home where the same investment buys you more.

The choice is between paying a certain amount on a small, under-equipped flat in the crowded central city or on a spacious home in a location blessed with natural beauty and and sound infrastructure.

The Pimpri Chinchwad Municipal Corporation, which planned its residential areas decades ago, offers such options. The integrated residential projects in Ravet and other sectors of Pradhikaran close to the upcoming International Convention Centre offer the kind of homes that Puneites have always dreamed of, but never been able to own.

The Pimpri Chinchwad Municipal Corporation also has an extremely vibrant economy, offering more and more job opportunities across all business sectors with every passing year.

Finally, because of the regulated nature of the PCMC real estate market and the high emphasis on civic facilities and amenities, there is no question of an eventual infrastructure deadlock. The real estate prices are way below those see in Pune, too. For that reason, these are the kind of homes that will be sources of joy for several generations.

Anil Pharande is Chaiman – Pharande Spaces, a leading construction and development firm operating in the PCMC area of Pune, India.

You may reprint or quote this article with full credit to the author and a link back to PunePropertyBlog.com

Township Property Mania Hits Pune

In Pune, something very new and exciting is happening on the residential real estate market. Where ordinary flats were once the most sought-after type of residential property, the trend is slowly but surely changing to a demand for township properties. The more discerning Punekars of today says that nothing less than the convenience and ambience of a township property will do.

Pune property

Who are these people? Mostly representatives of the IT and manufacturing sectors. These, along with some other discerning professionals, have apparently become fed up with the congestion of the inner city, and the lack of amenities in the projects there. They are setting their sights on the spacious, green environment of areas beyond Aundh. Pimpri Chinchwad, with a special focus on the booming market in Pradhikaran properties, is especially in demand.

What is it about these township properties in the PCMC area that makes them so different from other available ones on the Pune property market? Well, one reason is that nothing within the suburbs of Pune can match the bliss of living in a township property. The mantra in these avant-garde resindetial projects in Pimpri Chinchwad is still ‘respect and enjoy Nature’. In the township properties in areas like Moshi and Ravet, green environment is carefully maintained and traffic congestion is unheard-of, despite the proximity of the Express Highway.

The environment is absolutely perfect for families to live in. There is so much demand for these properties that many prominent developers have snapped up prime land exclusively for the building of township properties. Other factors also add to the popularity of these townships – the Expressway, of course, is a vital one. The Expressway is the umbilical cord between Pune other major cities, beginning with Mumbai. In many ways, the Expressway is the lifeblood of Pune’s commercial progress. In addition, the nearby Mumbai-Bangalore Highway brings in further commercial growth and intercity connectivity.

With the kind of investment value that localities along these two major highways get, their popularity comes as no surprise. However, the Expressway has also brought about the existence of the Hinjewadi Infotech Park. The professionals that work there need homes close to their offices, and also privacy and peace in their time away from work. This has been another driving factor behind the township properties mania in the Pimpri-Chinchwad Municipal Corporation area. Obviously, another contributing factor is the Pimpri-Chinchwad industrial belt.

In the not-so-distant past, township properties were a residential genre reserved exclusively for the ultra rich. This has changed drastically with their rising popularity. The fact is, owning a township property in Pimpri Chinchwad has now become a feasible option for Mr. Everyman.

Anil-PharandeAnil Pharande is Vice President of CREDAI Pune Metro and Chairman of Pharande  Spaces, a leading construction and development firm that develops township properties in the PCMC area of Pune, India.

 

 

Problems Ahead For Pune Real Estate

Anil Pharande

Like all other property developers in Pune and PCMC, I continue to be enthusiastic about the city’s real estate future and potential. However, I do have concerns about the impact of unregulated development. For instance – in the fever of the property market’s roller-coaster ride, we may have forgotten the fact that this city’s primary and most marketable attraction was its salubrious climate.

Pune Property

Today, the city authorities we indiscriminately razing hills and trees to make way for a proliferating concrete jungle. This has already had a very noticeable effect on the climate in the PMC limits. Fortunately, great care is being taken in the Pimpri Chinchwad Municipal Corporation – Pune’s booming sister city – to maintain as much green cover as possible.

The PCNTDA (Pimpri Chinchwad New Town Development Authority) is very serious about planned development; as a result, there is considerable emphasis on environmentally sustainable real estate development in the Pimpri-Chinchwad region. The increasing and highly successful trend of integrated township properties in the new boom localities of Moshi and Ravet are clear indications of this progressive focus.

However, the real estate development mania in the Pune Municipal Corporation region continues unchecked, without any apparent purpose other than to exploit all available space to maximum commercial advantage.

There are also considerable problems with real estate market transparency in Pune. The city’s rapidly increasing population is putting relentless pressure on the available land in the city. As a result, the city limits are constantly being pushed further into the adjacent villages. Ever since the merging of 38 villages into the PMC in 1997, there has been an upsurge in illegal structures in these areas. Not surprisingly, they also still lack basic infrastructure.

As Maharashtra’s second largest city, Pune is going to see increasing problems in the future. It does not take an expert to see that Pune’s urban planning and development do not consider the city as an integrated unit. The highest interest still seems to be in the pockets of highest commercial potential. With increased FSI in certain locations, there will soon be skyscrapers in certain areas, while there will continue to be unresolved slum issues in other areas.

Even today, we are not addressing the issues of badly maintained roads, inadequate drainage and the shortfall in water and sewerage networks. This leads to extremely lopsided real estate growth, with the demand focusing solely on favoured areas while little is done to raise the potential of those that lack the needed infrastructure. Pune still does not have a comprehensive parking space policy and has done nothing to curtail freight movement within the city. Many key intersections have exhausted their capacity to handle the increasing traffic.

Currently, the highest degree of Pune’s urban sprawl is along the national highway, with the density of land development declining with distance from the highway. In the interest of sustainable development, we need to correct Pune’s urban sprawl by providing the necessary infrastructure in currently non-preferred areas as well. If this does not happen, we will have serious problems in further development in the coming ten years.

Anil Pharande is Vice President of CREDAI Pune Metro and Chairman of Pharande  Spaces, a leading construction and development firm that develops township properties in the PCMC area of Pune, India.

This article may be reprinted with proper attribution to the author and a link back to PunePropertyBlog.com

PCMC gets defence land for widening Aundh Road

(Times of India, Sept. 10, 2011)

pune PropertyPUNE: The work of widening the Aundh-Ravet Road near Aundh commenced on Friday after a gap of nearly a year. The Pimpri Chinchwad Municipal Corporation has begun the work as it has received written permission from the defence authorities. The road-widening work had been stalled as the defence authorities had earlier objected to the work.

Municipal commissioner Ashish Sharma said the defence authorities on Thursday granted the permission to the PCMC. He said the PCMC had earlier paid Rs 18 crore to the defence authorities for the land.

The widening work will be from the Aundh Chest Hospital up to Y junction. The work will reduce traffic congestion on the narrow road near the hospital, he added. The widening work on the 14.4-km Aundh-Ravet Road is being done for developing a BRT corridor. For early completion of the work, the road has been divided into seven sections for which contracts have been given. The work on widening the four-km stretch from Rajiv Gandhi bridge in Aundh to Sai chowk in New Sangvi could not be completed due to the delay in getting the defence land.

The narrow stretch of the road is a bottleneck and witnesses daily traffic snarls during the peak morning and evening hours and causes inconvenience to hundreds of motorists.

Dilip Kudale, coordinator, engineering department, PCMC, said, the road is being widened from 15 to 45 metres. The PCMC will complete the work in the next six months.

http://timesofindia.indiatimes.com/city/pune/PCMC-gets-defence-land-for-widening-Aundh-Road/articleshow/9930496.cms

Ready Possession Versus Under-Construction Property Purchase

It is human nature to prefer a finished product. One can apply this truth to various areas in life. We lack the faith to trust that something in the process may be of greater benefit than something we can see in the full glory of completion. This fact is also the basis of many counter-productive real estate purchases.

maze
The ‘Finished Property Product’ Syndrome

It is certainly tempting to purchase a residential property that is in a state of total completion. All that needs to be done is the signing of a cheque. The thought of investing in a property that is still under construction clashes with our need for instant gratification.

READY POSSESSION

The above term is a cunningly devised advertising tool that appeals to something we all share – the desire to possess. Instantly. No waiting, no effort involved, just sign the dotted line and show off your acquisition to envious friends and associates the very next day.

By giving in to it, we place ourselves at the mercy of the builder. We are forced to agree with his idea of aesthetics, colour schemes, brand of fittings, layout and his idea of a fair purchase price. Buying a ‘ready possession’ property may make sense if it is required for immediate occupancy, but it is rarely a wise move from the point of view of investment.

UNDER CONSTRUCTION

This term appears to be a less promising one. It implies a state of incompleteness, which translates into ‘No Instant Gratification’. The desire to ‘possess’ will have to be toned down. You will feel less inclined to invite your friends to view an untidy site strewn with construction rubble… where is the glamour?

This is a classic example of tunnel vision. We fail to see the forest for the trees and do not take the long view. The inherent benefits of investing in an ‘under construction’ property far outweigh those of ‘ready possession’. Let’s look at some of them:

  • LOWER RATES

Every builder knows that a home buyer has to exercise restraint and patience while investing in an incomplete property. This knowledge reflects in the property rates the builder quotes. ‘Under construction’ properties cost significantly less than finished ones.

  • THE POWER OF CHOICE

With a little vision and imagination, you can see precisely which flat will best suit your needs. In an ‘under construction’ scheme, you will have lots to choose from. Direction of sunlight, best view, ‘Vaastu’ parameters, general ambience and ‘feel’… these are factors you can choose for yourself.

  • FLEXIBLE PAYMENT SCHEDULES

A property under development is not an immediately marketable asset. Builders can only hope to dictate inflexible payment schedules in the case of ‘ready possession’ properties. On the other hand, they are invariably open to negotiation at the ‘under construction’ phase. In other words, you can often ask for payment schedule that best suit your needs.

  • SCOPE FOR MODIFICATION AND CUSTOMIZING

There isn’t much you can do to change the physical characteristics of a finished flat or shop. The walls are in place, the choice of windows and bathroom fittings has already been made, and no space provisions for that extra Sintex tank may exist. In an ‘under construction’ flat, you can give specific instructions for modification without incurring extra expenses.

  • INVESTMENT BENEFITS

Apart from the lower property rates, easier payment terms allow you to plan a more effective investment strategy. Also, the ability to choose specifications helps you to value-add to the property. This translates into better returns on completion.

  • PLANNED INTERIOR LAYOUT

You can optimize space and layout for future convenience. For example, lofts and storage space can be included at this stage.

There will still be many circumstances that warrant the purchase a ‘readymade’ property, but consider the above pros and cons before doing so.

Pharande Spaces is the most established and respected construction company in Pradhikaran, the potential-laden boom sector of Pune’s PCMC area. Specialists in quality residential projects, Pharande Spaces also have township properties in the choicest parts of Pimpri-Chinchwad Business District. Two ongoing projects that are generating a huge amount of interest are the integrated townships Woodsville at Moshi and Celestial City at Ravet.

A Home Amidst Greenery – Your Family’s Happiness And Wellbeing

Much has been said about Pune properties lacking the benefit of adequate greenery. It is true that rapid and uncontrolled urbanization is reducing the greenery within the Pune Municipal Corporation more and more. A lot of NRI IT professionals returning to Pune from abroad express shock at how much the city has become ‘concretized’.

One of the prime drivers of Pune real estate used to be the city’s erstwhile green cover. It therefore comes as no surprise that more and more Pune property buyers are choosing residential township properties in the Pimpri Chinchwad Municipal Corporation. The green cover in the PCMC area is intact and in fact flourishing despite the real estate boom happening there.

woodsville-latest-Copy

The reason for the difference between central Pune and the PCMC area as far as green cover is concerned is simply scientific, controlled development. The PCNTDA (Pimpri Chinchwad New Town Development Authority) has ensured that real estate development does not compromise the bountiful flora and fauna in Pimpri-Chinchwad.

‘Pimpri Chinchwad is a rapidly developing industrial and commercial centre in Maharashtra, India. It is one of the primary centres for the automobile industry cluster in India, and nearby Pune is a education centre commonly referred to as the “Oxford of the East”. The area is known for its busy commerce, plethora of industries, fine educational institutions, and a rapidly growing middle class and standard of living.

However, this rapid growth has created problems with infrastructure, affordable housing and the environment. The PCNTDA was established to tackle these issues and has a purview that extends over Mulshi and Haveli taluka.’ (Source: http://pcntda.org.in/)

The PCNTDA long ago recognized that without sufficient trees and other forms of greenery, the life of residents in any area becomes melancholic and depressive. Moreover, it took into consideration the fact that trees do a lot to neutralize the effects of urban pollution. Ensuring the presence of sufficient greenery is one of the foremost defenses against environmental, economic and health risks.

Reputed developers of township properties in Pimpri-Chinchwad have also taken into account the need for trees and other vegetation. In PCMC, integrated township projects such as Woodsville in Moshi and Celestial City in Ravet are rich with trees, shrubbery and other forms of greenery. In these projects, homeowners can still benefit from healthy, green, natural surroundings while also having all the advantages of modern city life at their disposal.

A green homes environment makes a huge difference in terms of health, quality of life and overall wellbeing. Adequate tree cover also brings down air temperature significantly (reducing in savings on electricity) and protects the land from erosion. As a result, these township properties in PCMC have a much longer lifespan.

Does it come as a surprise that Pune property buyers are increasingly favoring residential township properties over options in the central city? This phenomenon is not restricted to Pune real estate alone. All over the world, there is a rapidly increasing exodus of people congested city centres to better-planned, greener and more peaceful outskirts. People are tired of the deteriorating living conditions in the city, which also give rise to grave risks to health, damage the environment and reduce the investment value of properties.

Maybe it’s time that you offered your family the advantage of healthier, greener home surroundings, too?

Posted by: K. D. Nagarkar