Thergaon in the Pimpri Chinchwad area is the latest rising star in Pune real estate. Now that most of the urban areas within the city have reached saturation point, it is the suburbia and outlying localities that are receiving increasing attention. Thergaon is amongst the most favored destinations for property buyers from Pimpri Chinchwad as well as from central Pune.
The fact that Thergaon is now known as both the Aundh Annexe and Chinchwad Annexe is significant. Both Aundh and Chinchwad are highly developed in both the residential and commercial sense. In fact, the Pimpri Chinchwad area has a very large industrial presence in its own right. Wakad and the Hinjewadi Software Technology Park lie at approximately the same convenient distance from Thergaon along the Pune-Mumbai Highway, bestowing their various benefits as well.
The general location of suburban Aundh is favored for many reasons. All of these reasons are of great importance in the Pune property market context. Being relatively unsaturated and congestion-free, localities like Wakad, Baner, Pimple Saudagar, Pimple Nilakh and Thergaon still offer relatively clean environment, spacious living conditions and affordable land rates while retaining the advantages of modern, developed Aundh.
This is a ‘have-your-cake-and–eat-it-too’ situation that is not available often on the Pune property market. Moreover, town planning authorities have taken it upon themselves to avoid the more obvious mistakes committed in the over-development of Aundh – the pace of development in the above-mentioned areas is carefully controlled. Only residential and commercial projects that fit well into the overall master plan are encouraged. From both an investment and home-buying angle, localities like Thergaon make eminent economic and aesthetic real estate sense.
Pimpri Chinchwad features some of the nation’s most prominent industrial entities, and is home to the redoubtable Maharashtra Industrial Development Corporation belt. As such, it provides innumerable opportunities for employment and entrepreneurship, and counts among the most prosperous and progressive areas in the country. Similarly, Aundh has proliferated in leaps and bounds over the past few years.
The Hinjewadi Software Technology Park is a byword of Pune’s IT Revolution, having attracted major corporations active in this vast and progressive field. Thergaon is readily accessible from these areas and at the same time remains peaceful, free of development excesses and very affordable. Since these advantages came to light, some significant additions have been made to the landscape at Thergaon.
The Aditya Birla Hospital is a major coup for the future of Thergaon’s standing on the property market. The establishment of this deluxe medical facility there had been proposed in response to the quiet environment and convenient accessibility to Pune’s more centralized parts. As a medical establishment, it rivals the most prominent and respected in Pune and has attracted a lot of attention. In addition, it provides a significant amount of employment and commercial advantages to the immediate area.
It is also no accident that the Pimpri Chinchwad Municipal Corporation (PCMC) has decided to launch its ambitious Sunny Water Sports Centre in Thergaon. The basic functions of this establishment, designed along international guidelines, is to train and discipline youngsters with potential in the refined water sports of canoeing, kayaking and rowing, under highly qualified training instructors and in a carefully monitored environment. The organizing committee for this undertaking found the Pawna River that flows along Thergaon to be the ideal venue.
Apart from a professional training establishment, the SWSC will also serves as a deluxe recreational facility for water sports enthusiasts interested in speedboats, water scooters and so on.
On the industrial front, the well-known Padamjee Paper Mills have contributed in no uncertain way to Thergaon’s overall economy. This sizable organization provides for the blue collar sector what Hinjewadi does for the white collars – adequate employment, steady commercial status and additional interest in the area as a suitable residential abode.
In short, things are definitely looking up at Thergaon. Numerous notable builders are taking an active interest in establishing projects there, and the future of this charming little locality is as bright as that of Wakad, Pimple Nilakh and other outlying areas of Pune.
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.
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