Woodsville — The Perfect Integrated Residential Complex In PCMC

Woodsville, the ultra-modern integrated residential complex in Pune’s burgeoning twin city of PCMC, is a home-owner’s most cherished fantasy transformed into larger-0than-life reality. At Woodsville, you and your family can finally live life to the fullest. An exclusive, fully facilitated and self-sufficient 50-acre community, Woodsville is actually your very own town within a city.
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Rising twelve, eighteen and twenty two storeys high against a vista of green gardens, Woodsville consists of stately buildings housing 1, 2 & 3 BHK apartments. The striking façade is an arresting combination of elegance & individuality in communion with nature.
The Great Outdoors At Your Doorstep
The large podium garden is the centerpiece, where children can make merry in complete safety, and senior citizens can enjoy leisurely walks or get together with their neighbours, savouring the peaceful ambience. A clubhouse with indoor games, a swimming pool and cool water bodies afford healthy recreation options. The towers form a classic backdrop to this pastoral mosaic.
Spaces To Luxuriate In
The apartments, which reflect the magnitude of Woodsville, are generously sized, ranging from spacious 1 BHKs admeasuring 665 sq.ft. , large 2BHKs of 913 to 1033 sq.ft. up to enormous 1,601 sq.ft. 3 BHKs. Living spaces are laid out to receive plenty of natural light and fresh air making every homecoming a welcome experience.
Click here to learn more about Woodsville

The Real Estate Magic of Integrated Residential Projects

When you are setting out to purchase the home you always dreamed of and saved for, you obviously wanted something more than just an orphaned, anonymous set of walls in some congested city center. The problem is, that’s all that most residential projects in India offer these days. There is a lot more to the perfect home than good construction, layout and fittings – a residential property needs supporting social and physical infrastructure to become a suitable home. Moreover, the beleaguered city dweller’s heart yearns for the sight of greenery, open spaces and fresh air.
After all, we want our children to grow up in better conditions than we possibly experienced at their age…
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In Pune, integrated townships have been seen as the answer to these requirements. However, land constraints, zoning laws and the budgetary considerations that govern property buyers in many areas often do not make the integrated township model feasible.
A more practical and feasible alternative is Integrated Residential Projects. Like integrated townships, this more compact and serviceable model offers home buyers everything they need for a comfortable and healthy lifestyle. Children have enough room to play in, and both they and their parents are free from the stress, noise and pollution of central urban life. Such projects have schools, shopping and entertainment facilities, healthcare and easy access to public transport.
Also (very importantly) they are a boon to people who wish to live in a non-urban environment while attending to their jobs in the workplace catchments of the city. They get a dream location, excellent infrastructure and a lot more.
Residential real estate investors, on their part, can capitalize on the higher demand – and therefore the higher ROI (returns on investment) that such properties offer. The higher investment potential of homes in integrated residential projects stems from the fact that they are self-sufficient and self-sustaining. A direct outcome of this is that the resale value of such properties is as good as immune to market volatility. Because of the diversified nature of such projects, they represent a very low risk to property investors, even while they benefit from the larger upside potential despite low entry costs.
Builders who cater to the demand for integrated residential projects face quite few challenges. After all, they have to provide the advantages of integrated townships while having to forgo the considerable incentives that the Indian Government offers for the development of larger townships. Therefore, the initial capital required is extremely steep – right from land acquisition to the providing of physical and social infrastructure.
The integrated residential project concept is just beginning to emerge on the Indian real estate landscape. One of the areas where it has been successfully implemented is Pune’s sister city – the Pimpri Chinchwad Municipal Corporation. One of the primary reasons for the success of the integrated residential projects in the PCMC areas of Pradhikaran and Ravet is the fact that these are located very close to vital workplace hubs such as the MIDC and Hinjewadi, Pune’s software hub. This, coupled with the advantages of having ‘everything inside’, has contributed to the demand for homes in such projects.
Anil Pharande is President of CREDAI PCMC and Chairman of Pharande Spaces, a leading construction and development firm that develops ultra-modern integrated residential projects in the PCMC area of Pune, India.

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Celestial City: Ravet’s Pride Is Right On Schedule

Celestial City, the unique 25-acre integrated township by Pharande Spaces and Rama Group, is now in the second phase of construction. As planned, this premium apartments complex at Ravet, PCMC is transforming the real estate topography of an area known as the Gateway to Pune.
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Celestial City has been conceived as a completely self-sufficient residential microcosm that will offer its residents absolutely everything by way of a comfortable lifestyle.  That blueprint is now rapidly being transformed into reality as construction enters the next phase.
The location of Celestial City couldn’t be better – it was planned as both the ultimate residential destination and a sure-fire investment hotspot. Ravet is located at the confluence of the old NH4, the Dehu Road- Katraj bypass and the Mumbai-Pune Expressway.
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Its ready accessibility, as well as proximity to vital establishments, has earned it the distinction of being one of the most prominent growth corridors on the Pune real estate market.
Because of its unique location, invigoratingly green spaces and affordable residential property options, Celestial City is now attracting a huge demand from executives working in Hinjewadi, Pimpri-Chinchwad, the Talegaon MIDC and Chakan MIDC.
With Phase II of Celestial City now in active progress, the project is well on the way to completing the planned roster of 2000+ units at this avant-garde budget homes project.
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Celestial City is backed by the experience and impeccable track record of two leading development concerns. Pharande Spaces, the residential property trendsetters in Pimpri-Chinchwad, already have several landmark projects to their credit – including the award winning Culture Crest.
To date, Pharande Spaces have completed residential projects in excess of 1.5 million square feet. Likewise, Rama Group’s professionalism and expertise have led to the completion of 23 projects that cumulatively account for 5 million square feet of construction.
The fact that Celestial City is fully underwritten by the country’s leading financial institutions ensured a smooth, seamless construction flow even during the worst of the recent recession. With Phase II on schedule, Ravet’s crowing glory has taken a decisive step towards final completion.
When two real estate giants join hands to create the City of the Future, the outcome can be nothing less than magical….

celestial-city-archA masterpiece in the making

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K. D. Nagarkar is a blogger and freelance journalist who specializes in real estate and environmental issues. He keenly follows the development of integrated township properties and other sustainable projects in and around Maharashtra.
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Celestial City Inaugurated By Bollywood Actress, Urvashi

Celestial City, an integrated township spread over 25 acres at Ravet launched the second phase of the project on August 13. Well-known model and screen actress, Urvashi Sharma inaugurated the new phase.
A joint venture of Rama Group and Pharande Spaces, Celestial City comprises everything one would find at a residential complex and more, including entertainment, leisure, and amusement; from a mall, multiplex, lounge bar to an aqua park, and an all encompassing sports arena.
Among the many notable personalities from the real estate sector present for the occasion, were Anil Pharande, Director, Pharande Spaces, Ram Panjabi, Founder of Rama Group, Moti Panjabi, MD, Rama Group, Govind Panjabi and Jeetu Panjabi and Raju Panjabi of Rama Group. The occasion also marked the unveiling of the new Celestial City ad campaign.
Read more: Urvashi attends a Pune do – Bollywood – Filmi Parties – Entertainment – The Times of India

PCMC Water Supply To Get Hi-Tech Monitoring System

PUNE: The Pimpri-Chinchwad Municipal Corporation(PCMC) will implement an advanced system to monitor its entire water supply network right from lifting of raw water from the Pavana river to water treatment and its distribution to households through a network of pipelines.
The computerised system using supervisory control and data acquisition (SCADA) system will help the civic body prevent distribution losses and ensure equitable supply in all areas.
Speaking to mediapersons at the Ravet raw water pumping station and the water treatment plant at Nigdi, municipal commissioner Ashish Sharma said the system will go operational in six months. The project will cost Rs 12.23 crore.
Joint city engineer Pravin Tupe said the new system will help the corporation know the exact quantum of raw water drawn from the river as well as water supplied to various areas from reservoirs. “We will be able to prevent any water distribution losses because of leakages and thefts,” he said.
Deputy engineer Pravin Ladkat said the present water supply distribution network has been developed in four phases over the last three decades. The civic body supplies nearly 264 MLD (million litres per day) water to areas under the corporation.
Read the rest of this article here.

Criminal Cases Against Those Poaching On PCNTDA Land

PUNE: The Pimpri-Chinchwad New Township Development Authority (PCNTDA) has decided to lodge criminal cases against those encroaching on its land. The action is primarily aimed at building contractors.
Suhas Divse, chief executive officer of the PCNTDA, said the authority will demolish such constructions and the cost for such action will be recovered from encroachers.
Notices have already been sent to 22 property owners, who have illegally built structures after August 1, 2009. “We will give them time to wind up, but if they fail to do so, the PCNTDA will remove them. So far, very few cases have been registered. But now onwards we will lodge criminal cases against all such people,” Divse said.
A joint drive will soon be initiated with help from the Pimpri-Chinchwad Municipal Corporation. Divse said the PCNTDA is planning to strengthen its anti-encroachment squad. “At present, there are 50 guards in the squad. We will hire 50 more. Two engineers on deputation have been attached to the squad. A deputy collector level official will head the squad,” he said.
The PCNTDA was constituted by the state to provide affordable housing to industrial workers and the poor. For the purpose, land was acquired from 10 villages namely Nigdi, Bhosari, Chikhli, Akurdi, Ravet, Kalewadi, Chinchwad, Thergaon, Rahatni and Wakad.
The state was to acquire 4,323 hectare of land, but the PCNTDA has only 1,627 hectare in its possession. It did not take quick possession of land in villages of Chinchwad, Kalewadi, Thergaon, Rahatni and Wakad. As a result, farmers sold off their land to migrant workers who have constructed their houses on it.
Authorities say nearly 15,000 such constructions have been identified. “We have sent a proposal to regularise all unauthorised constructions made on PCNTDA land before August 1, 2009. The state government has to take a decision on it,” he said.
Incidentally, owners of houses in Yamunanagar area of Nigdi-Pradhikaran have extended their buildings on open spaces.
Read the rest of this article here.

Road Development: The Key To Pune’s Real Estate Growth

Pune Property
There are often comparisons made between the infrastructure of Mumbai and Pune. The popular consensus seems to be that both cities are equally challenged as far as supportive infrastructure is concerned.
This is inappropriate for two reasons – one, Mumbai’s growth pattern has been very different from Pune’s. The city has evolved into the country’s financial capital, and the pressures on it are enormous and overwhelming, considering the fact that a significant part of it is an island that cannot grow horizontally to accommodate the growing real estate demands.
Pune, on the other hand, has an advantage by virtue of the fact that it has been able to add to its borders by means of surrounding villages. This has served to decreased pressure on the central city and encourage an outward growth pattern.
The challenges on Pune’s infrastructure – particularly its road network – have more to do with the speed of this growth. While there are various proposals for roads and road widening, these have to be translated into real time to be effective.
The pockets of infrastructural under-development are the result of both developers and the Government concentrating on existing growth areas and sidelining those with high future potential. It is a known fact that no area can grow in terms of residential, commercial and retail real estate unless the necessary infrastructure is first put in place.
This is quite a common phenomenon that is the result of the principle of fastest returns almost instinctually followed by both developers and the Government. Bangalore, for instance, was initially not well planned for radial expansion.
The approach in this city was simple – where Information Technology projects went, residential projects followed. IT and ITeS, as business lines, are not dependent on a city’s CBD areas and can workably exist in areas where property prices are low.
Once such a project is firmly in place, residential, commercial and retail establishments follow. Since this kind of growth in no way follows a master plan, the result is haphazard pockets of growth. This naturally leads to the neglect of areas that have not been so favoured. The syndrome is also evident in the case of other industries such as manufacturing.

For The Lack Of A Road….

To identity another factor that has compromised Pune’s holistic growth in terms of real estate viability – the first masterplan for the city designated a much more progressive ‘roadmap’ for the city’s road network, while the second one is decidedly sotto voce on these. Also, key roads leading to new growth areas are not being put in place with the speed necessary to ensure that these new areas have the requisite connectivity.
The roads leading to Kharadi – a major real estate growth nexus – have not been put in place due to an inappropriately slow speed of development initiative. Similarly, the Eastern bypass has been at the proposal stage for many years. In these and various other instances, the result is compromised potential.

Case Study – Pradhikaran Phase 2, PCMC

In comparison, the Pimpri Chinchwad Municipal Corporation (PCMC) has been proactive in terms of a proper road network. This explains why there have been such spurts in growth and corresponding real estate values in this region. Considering how much the authorities have already achieved, it is distressing that certain pockets in the region still show signs of infrastructure deficit.
A case in point would be Phase 2 of the Pradhikaran area, which comes under the purview of the Pimpri Chinchwad New Town Development Authority (PCNTDA).
The Pharande Group, which has made significant land bank investments in Phase 2, across Sectors 4 and 6, had already launched residential projects in Pradhikaran’s Phase 1. Under the aegis of Anil Pharande, a massive mixed-use development is now shaping up in Phase 2.
This area is extremely important for overall growth of the region, since it will cater to a huge chunk of the middle income housing demand for PCMC-employed mid-management cadre. However, because of the lack of proper roads, only the Pharande Group and a handful of smaller developers have taken the risk of venturing into this area to open it up for future growth.

The Origin Of Mismatch

The Pimpri Chinchwad Municipal Corporation (PCMC) area was established as a satellite town to Pune in 1962, and it quickly grew as an industrial market. Since the travel time between Pune and PCMC presented a challenge, the authorities soon perceived an increasing need to provide housing for people who worked in this area. This led to the formation of the Pimpri Chinchwad New Town Development Authority, which began to develop housing for the PCMC workforces.
The constraints of octroi and sales tax caused most industries to start moving out of the corporation limits. This caused a boost in the growth of the outlying areas. Development is now gradually shifting away from the core areas of PCMC, and the areas between Bhosari and Chakan.
Generally, the road network in PCNTDA area is quite suitable. Currently, a 45 meter spine road that would connect Nashik highway to Mumbai Highway (at Nigdi) is being developed. However, the lack of direct road connectivity from this part to Chakan presents a lacuna that reflects on this location’s overall growth potential.

‘Poor Cousin’ Syndrome?

Chakan has already found favour by large-scale industries and Bhosari was already an established industrial area, since it had grown in tandem with other industrial areas in the PCMC. The quick progress of these two areas has attracted the bulk of road construction efforts, and away from the area known as Phase 2.
Paradoxically, Phase 2 offers the advantages of generous land availability and low real estate costs. It also has an enormous future market driver in the form of the International Convention Centre at Moshi, which is being jointly developed by the Maratha Chamber of Commerce and the PCMC.
This project is currently only in the proposal stage, but it will add immense value to this sector. When the ICC becomes operational, it will positively affect real estate value in the northern parts of the PCMC area, right up to Chakan.
Developers already active in this area have put the blueprint for its progress in place. However, the blueprint needs to be transferred from the drawing board to the shop floor.
A suitable road network connecting Phase 2 to Chakan and Bhosari could vastly improve its chances of catching up with these growth sectors – and of fulfilling its intended purpose as a new residential safety-valve for the increasing housing demand from the PCMC area.

Lacking – A ‘Potential Value’ Perspective

The potential of this key area apparently lacks from a recognition of its inherent future value. A closer look at its promise for the PCMC real estate market would very likely cause a more fast-paced development of its road network.
There are earlier precedents in Pune, wherein languishing areas were given fast-paced infrastructure upgrades because of an upcoming market catalyst. When the recent Youth Commonwealth Games loomed closer, the enhancement of Baner Road and Pashan Road were put on the fast track.
In the same manner, it is not unreasonable to anticipate that the PCNDTA will take cognizance of the fact that Pradhikaran’s Phase 2 is extremely important by virtue of the fact that strategically juxtaposed New Rajguru Nagar has now been identified as the location of Pune’s new airport.
This being the case, putting down adequate roads in this area will set the stage for immense future growth of this strategically placed locality.

Author: Mohammed Aslam is Head – Pune, Jones Lang LaSalle India.
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Pune Water Supply: City Needs New Water Sources Or Better Conservation Methods

PUNE: A few days of steady rain and the civic administration’s clear and present worry about water seems to have almost ended. However, the lull in the rains mid-season in the past two years have caused worry lines.
This year, the monsoon arrived in Pune city in early June, but after a few days of rain, a dry period set in during which the levels in all the reservoirs of the dams that supply water to the city plummeted.
Such over dependence on the four dams has raised queries in many quarters and city planners must either look at new sources of water for the future or look into rigorous conservation methods for the future.
Already, activists say, with the monsoon’s revival, all the long-term plans for water-saving measures, appointment of a consultant by the Pune Municipal Corporation (PMC) to overhaul the supply and installation of meters will be rolled up and stashed away.
The city and its water needs have grown from a mere 5 sq km in 1817 to 700 sq km in 1997. According to the civic body’s statistics, between 1901 and 2001, the city’s estimated urban population has grown 25 times, from 1.64 lakh to about 42 lakh. Civic infrastructure, which should have grown proportionately, has failed to keep pace with the population.
The civic body has drawn up a Rs 260-crore plan and sought funds from the state and central governments for the project. The PCMC has sent already two letters to the irrigation department requesting 120 MLD water from the same reservoir.
Another plan is to lay a direct pipeline from Khadakwasla and Varasgaon reservoirs to meet the long-term drinking water requirements of the city under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). This will reduce percolation loss that is now experienced with the Mutha canal.
A new dam with a capacity of 30 MLD daily water supply on Pavana river near Ravet has been planned for the PCMC’s needs. However, the state irrigation department is not enthusiastic about these proposals. It wants PMC to improve the water supply network and implement water-saving measures instead.
Read the rest of this article here.

Ravet: A Promising Residential Destination For Pune Property Buyers

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In a rapidly developing city like Pune, it takes a lot to make a new destination stand out from the rest – and to interest those who seek to buy property in Pune.
This city has been spreading steadily outward, embracing most of the rural areas around it and bestowing the benefits of urbanization on them. Areas like Aundh, Baner, Wakad, Pimple Nilakh and Pimple Saudagar have all had their heyday.
However, it is now the turn of the hitherto obscure area of Ravet, located on the North-West side of PCMC and Pune, to receive a wave of the real estate magic wand. By a combination of various advantageous factors, Ravet is now certainly among the most promising of upcoming residential locations on the Pune property market.

Accessibility

Developed by the Pradhikaran-Pimpri Chinchwad New Township Development Authority (PCNTDA) Ravet is extremely strategically placed on latter-day Pune’s map. By virtue of the fact that it is the first town one encounters after leaving the Mumbai-Pune Expressway, it is now known as the Gateway to Pune.
Ravet is, in fact, a confluence point of the old NH4, the Katraj-Dehu Road bypass and the Mumbai-Pune Expressway. Moreover, it is located equidistantly from two major real estate market drivers – the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.
At this strategic point, JNNURM has now launched a 45-metre, grade-separated, non-signaled four-lane BRT (Bus Rapid Transport) road that provides access to the key area of Aundh in under ten minutes. 40% of the work on this vital conduit is already completed. Pimpri, Chinchwad, Chakan and Talegaon are now quite easily accessible from Ravet.

Developer Activity In Ravet

Pharande Spaces and the Rama Group have joined hands at Ravet in launching an integrated residential township called Celestial City. Located in the focal centre of Ravet, this project is spread over 25 acres and will be developed over three phases.
Since  the current property rates in Pune tend to be unrealistically high, the highest demand is currently for affordable housing. Keeping this in mind, the first phase targets the middle-income group with 2 and 3BHK flats ranging in size from 800 to 1200 square feet. These flats are affordably priced between Rs. 22 to 24 lakh at the initial offering phase.
Taking a cue from this pioneering project, other developers have also acquired land in Ravet, although their projects are yet to be announced. Meanwhile, this location continues to hold the highest promise for the Pune property market.

Vital Market Drivers

Apart from its accessibility, which by itself spells gold in real estate terms, there are other important establishments close to Ravet that add to its value as a residential location.
These include the Aditya Birla Hospital, the Bajaj Auto manufacturing plant, SKF, Telco and major educational establishments such as the Indira Institute of Business Management, D.Y. Patil College as well as the Mercedes Benz School.
Its proximity to the Hinjewadi IT hub is of strategic importance, since this fact makes it a new and affordable residential location for software employees there. It is also a location of high value to employees from the Talegaon MIDC and Chakan MIDC. It is, in fact, a binding location for these very important hubs.
Compared to the now staggering Pune property prices, rates are welcomingly low in Ravet, and the appreciation potential is undoubtedly high. It is therefore not surprising that some major names from PCMC’s developer community have taken an active interest in this lodestone location.
We expect it to reach a high level of investment and end-user potential in less than four years, after which rates should show significant and steady upward movement.
Avinash Gokhale is Director – Marketing & Corporate Planning, Pharande Spaces – a leading construction and development firm operating in the PCMC area of Pune, India.
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PCMC To Review Water Supply On July 26

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) will hold a meeting on July 26 to review the water supply situation in the municipal limits.
Speaking to reporters here on Monday, additional municipal commissioner Subhash Dumbre said, “The meeting will review the water available in the Pavana dam and the rainfall in its catchment areas.”
Speaking to TOI, Pravin Tupe, joint city engineer, PCMC said, “There is 31 per cent of water remaining in the Pavana dam.” The dam has water to meet the requirement for 90 days. It has 8.51 TMC water, while the dead stock is 1.10 TMC.
Meanwhile, the Pune Municipal Corporation is likely to start alternate day water supply from July 23 as there is very less water in Panshet, Varasgaon, Temghar and Khadakwasla dams.
PCMC draws 380 MLD water from the Ravet bund on Pavana river everyday. In 2009 there was a long dry spell in June-July due to which the civic administration had imposed a 20 per cent water cut on July 7. At that time, the dam had 46 per cent storage.
The water cut was reduced to 10 per cent on September 15. In October the water cut was withdrawn after there were good rains in the catchment areas and the dam was filled to capacity.
Read the rest of this article here.