Real Estate Forum on Pimpri Chinchwad Municipal Corporation

Latest Answer: This is definitely a good move by the civic body and will definitely be beneficial to the area as a whole. The partnership will be beneficial to both the parties involved and will lead to well implemented developmental projects in the area. Which is why I believe a lot of real estate players like Kolte Patil, Mahindra Lifespaces, etc are having projects in the area. I reside near the area and have seen the Antheia project of Mahindra Lifespaces come up wonderfully and they have also started the possession of the same. I believe the best time to buy a property in Pune is now.

Latest Answer: As rightly said by Gauri, the Pimpri Chinchwad region seems to have made this move with the view of increasing their revenue. It is one of the upcoming suburbs in Pune and has large open spaces. This has helped it to attract premier real estate developers to the region for their new projects. I as an investor would at the flip side of this, Prices are surely expected to rise in near course, so this would be the opportune moment to make an investment for the future. Take an example from my recent investment in Antheia project by Mahindra Lifespaces which is situated just a 5 minute drive from the Mumbai-Pune Highway. This suburb is located near the fast developing industrial and IT hub, so it won’t be surprising to see property in the area expand quickly.

Latest Answer: @Rubiya, But the original budget was Rs. 2015 crore and expected to be come by March end and the income will increase to Rs 2210 crore. Going by the increasing LBT revenue, a target of Rs 1103 crore (11% increase) has been set for the new financial year.

Latest Answer: The tertiary or services sector, which includes but is not limited to IT/ITeS, BPO, KPO, banking and retail services, accounts for roughly 55%. The services sector, particularly the IT/ITeS segment, drives the demand for homes in the more developed urban areas. These homes come to be in the price bracket of Rs. 50 lakh to 1.5 crore, and around 65% of the housing projects in Pune are currently targeted at this sector.

Latest Answer: I am highly obliged with your valuable feedback. I would like to know how Real estate appreciation happens in Pimpri-Chinchwad?