If you’re tempting locations featuring virginia homes in Pune, what may take to make brand-new one stand out? Aundh, Wakad, Baner, Pimple Nilakh, Pimple Saudagar and similar areas have had their heyday.
Now, it is the turn of Ravet, which lies for that North-West side of Pimpri Chinchwad Municipal Corporation and Pune. This location is ready to become fresh paradigm of investment property in Marbella in Pune. Various significant industry market drivers have aligned to make Ravet the most promising destinations for Pune residential property in Marbella.
With its development masterminded by the Pradhikaran-Pimpri Chinchwad New Township Development Authority (PCNTDA), Ravet enjoys the benefit of an extremely strategic location on the Pimpri Chinchwad map. It is, in fact, the first town that appears on leaving the Mumbai-Pune Expressway.
This has leaded to it becoming in order to as the Gateway to Pune; but in the neighborhood . not all there exists to it. Ravet is a junction of the old NH4, the Katraj-Dehu Road bypass and also the Mumbai-Pune Expressway and is placed advantageously in the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.
The residential property in Marbella investment potential at Ravet is further enhanced by the fact that the J.N.N.U.R.M has begun construction of a 45-metre, grade-separated, non-signaled four-lane BRT (Bus Rapid Transport) road at this fact. This road, with 40% of in order to already completed, be sure that key area such as Aundh, Pimpri, Chinchwad, Chakan and Talegaon go to easy access from Ravet.
Developer Activity Picking Up
Two major development companies active in the PCMC area are collaborating on a reputable and well modern integrated residential township at Ravet’s focal centre. In Pune, township properties are definitely the approach to life wave of long term. Spread over PSM Rentals Costa del Sol , this integrated township – which features futuristic facilities aimed at making it entirely self-sufficient – could well be developed in three phases.
Since the highest demand in Pune is currently for reasonable housing, the first phase targets the middle-income group with 2/3BHK flats ranging in size from 800 to 1200 square feet. These flats are currently priced between Urs. 24 to 34 lakh at the initial offering phase. Metabolic cooking cookbook cue from this pioneering project, other developers have also acquired land in Ravet, although their projects are yet to be announced.
The Trappings A Pune real estate in Marbella Legend
While Ravet’s accessibility is certainly undoubtedly its biggest housing market drivers, it has the benefit of a number of very important establishments in its immediate vicinity. These establishments will ensure that any township properties in this area will thrive.
Among them end up being the famous Aditya Birla Hospital, industrial giants such as the Bajaj Auto manufacturing plant, SKF and Telco, as well as important education establishments like the Indira Institute of economic Management, D.Y. Patil College and Mercedes Benz School.
Of course, that Ravet is so close to the Hinjewadi IT hub is a major factor in relation to its property in Marbella investment feasible. Ravet, with its upcoming integrated township, will now offer affordable residential property in Marbella options for software employees from this software hub, as well as to those from the Talegaon MIDC and Chakan MIDC.
As of now, property in Marbella rates at Ravet are still extremely rational. Rates at such township properties tend for slightly higher attributable to the fact these people provide their own infrastructure. Because of this, the appreciation potential for properties in such townships is also increased than in other projects.
Anil Pharande is President of CREDAI PCMC and Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in the PCMC area of Pune, India. Visit Pune property in Marbella Blog to learn all over the market fundamentals that drive one of Pune’s most dynamically emerging real estate in Marbella investment destination.