- Anil Pharande, Chairman – Pharande Spaces
PCMC has set many benchmarks in real estate development, and this is because development in this region has at all times been tightly regulated. This approach has ensured that PCMC has retained its abundant green cover, and an environment that is absolutely perfect for both businesses and residents.
In fact, PCMC has become the most talked-about residential as well as commercial real estate destination? Both people and businesses look for ease of living and working, and it is here where these advantages are freely available. The internet is today the most powerful tool available for home buyers who are looking for these benefits in their homes, and also for people who are looking for employment in the best companies.
Since PCMC offers the best possible equation for both jobs and home seekers, it has become extremely popular on the internet. According to the latest statistics available from the Times Group’s indiatimes.com, the Pimpri-Chinchwad region draws a mind-boggling monthly traffic of 658273 visitors on. In fact, PCMC ranks among the top 10 cities in terms of search rankings on the Internet. On TOI.com, Pimpri-Chinchwad ranks 4th after Mumbai, Bangalore and Delhi, with 21.7 million views per month. In comparison, Pune ranks 9th with only 5.26 million viewers per month.
The reason why PCMC is so popular is because of the versatile manner in which it has developed. There are many examples of this. The first is the way in which the authorities have managed to harness the power of its excellent location attributes.
The Mumbai-Pune Express Highway, which is the umbilical cord between Pune and other major metropolises beginning with Mumbai, is the very lifeblood of PCMC’s commercial progress. In addition, the Mumbai-Bangalore Highway (in the close neighborhood) brings in further commercial growth and intercity connectivity. It was the Mumbai-Pune Expressway which brought about the existence of the Hinjewadi Infotech and Biotech Park – which is the very important economic driver for the city today.
Professionals from the city’s IT and manufacturing sectors need homes close to their offices, and also relative privacy in their time away from work. This has been a heavy driving factor behind the demand for township properties in the Pimpri-Chinchwad Municipal Corporation.
But the region has not allowed itself to become a victim of commercialized development. This is where the planned urbanization approach has paid off very well. PCMC’s development has taken place to ensure a complete balance between commercial and residential real estate. This means that unlike in Pune and many other cities, there is no crowding of residents and offices. Each sector in PCMC has its designated areas for businesses and residential spaces, which means that people are able to get to work easily. Enough infrastructure has been put in place so that commuting is not troublesome, utility supply is uninterrupted and the pace of life is stress-free and wholesome.
At the same time, PCMC has also stayed in step with the times and embraced the mantra of green sustainable construction. To date, there are around 60 registered green buildings completed or under construction in the PCMC. The new PCNTDA building itself is a resounding statement to how important sustainable development has become to the city. There are currently about 2 crore square feet of green spaces under construction in PCMC, making it by far the ‘greenest’ area in India.
PCMC is obviously the preferred destination for a massive number of Indians, both from within the PCMC-Pune region and beyond. It is drawing an unprecedented number of investor inquiries who are keen to cash in on the property boom in PCMC. And yet, we are only looking at the beginning of the boom – PCMC is growing horizontally and vertically, and is even now adding to its geography by acquiring and developing more land parcels to develop.
The versatile development of this region has become a byword of modern urbanization. As we look into the future, PCMC will break even more records and secure its place as India’s No. 1 real estate destination. Investors, home buyers and businesses with the foresight to track this trend will all be the winners.
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 luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings.