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Ravet - PCNTDA Delivers the Ultimate Real Estate Investment Destination

With many tempting locations featuring properties purchasable in Pune, what does it fancy make a replacement one stand out? Aundh, Wakad, Baner, Pimple Nilakh, Pimple Saudagar and similar areas have had their heyday.

Now, it's the turn of Ravet, which lies on the North-West side of Pimpri Chinchwad Municipal Corporation and Pune. This location is about to become the new paradigm of investment property in Pune. Grand junction architectural design Various significant land market drivers have combined to form Ravet the foremost promising destinations for Pune residential property.

Superior Location

With its development masterminded by the Pradhikaran-Pimpri Chinchwad New Township Development Authority (PCNTDA), Ravet enjoys the advantage of a particularly strategic location on the Pimpri Chinchwad map. It is, in fact, the primary town that appears on leaving the Mumbai-Pune Expressway.

This has resulted in it becoming referred to as the Gateway to Pune; but that's not all there's thereto . Ravet may be a junction of the old NH4, the Katraj-Dehu Road bypass and therefore the Mumbai-Pune Expressway and is placed advantageously on the brink of the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.

The residential property investment potential at Ravet is further enhanced by the very fact that 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 now . This road, with 40% of the work already completed, will make sure that key area like Aundh, Pimpri, Chinchwad, Chakan and Talegaon are in quick access from Ravet.

Developer Activity learning

Two major development companies active within the PCMC area are now collaborating on a highly modern integrated residential township at Ravet's focal centre. In Pune, township properties are definitely the life-style wave of the longer term cover 2.5 million square feet, this integrated township - which features futuristic facilities aimed toward making it entirely self-sufficient - goes to be developed in three phases.

Since the very best demand in Pune is currently for affordable housing, the primary 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 Rs. 24 to 34 lakh at the initial public 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.

The Trappings Of A Pune land Legend

While Ravet's accessibility is certainly one among its biggest land market drivers, it also features a number of vital establishments in its immediate vicinity. These establishments will make sure that any township properties during this area will thrive.

Among them are the famous Aditya Birla Hospital, industrial giants like the Bajaj Auto factory , SKF and Telco, also as important education establishments just like the Indira Institute of Business Management, D.Y. Patil College and Mercedes Benz School.

Of course, the very fact that Ravet is so on the brink of the Hinjewadi IT hub may be a major think about terms of property investment potential. Ravet, with its upcoming integrated township, will now offer affordable residential property options for software employees from this software hub, also on those from the Talegaon MIDC and Chakan MIDC.

As of now, property rates at Ravet are still extremely rational. Rates at such township properties tend to be slightly higher due to the very fact that they supply their own infrastructure. due to this, the appreciation potential for properties in such townships is additionally much above in other projects.

Anil Pharande is President of CREDAI PCMC and Chairman of Pharande Spaces, a number one construction and development firm that develops township properties  within the PCMC area of Pune, India. Visit Pune Property Blog to find out about the market fundamentals that drive one among Pune's most dynamically emerging land investment destination.