The vibrant Pune city is underscored as the fastest growing city of India and the most renowned city in the western sphere of India. The growing city is gradually structuring itself to be a contest for IT zone and hence known for being Asia’s largest industrial hub. Pune manages to brew the highest opportunities extending from traditional manufacturing industries to the technological sector. The growing commercial real estate sector comes as no surprise with the large-scale availability of offices, showrooms, retail stores, etc.
Nestled in the growing Pune city is the commercial development Godrej Carnival the first ever commercial property introduced by Godrej Properties in West Pune. A true meaning of an ecosystem cultivating a mirror of modern architecture and aesthetic picturesque landscape. A confluence of wonderful timeless experiences with modern settings. Enjoy the state-of-the-art dedicated units for Fun, Food, Fashion, Pharmacies, Groceries, and more. A step away from an exclusive central plaza spread Over 0.3+ acres integrated for concerts, events, flea market, kids activities, and more. It is also endowed with a dedicated food and beverages zone spread over 10000 sq. ft designed for restaurants, food chains, food courts, delis, and others.
What makes Pune the most preferred location for commercial development?
First of all, Pune was credited as the No 2 in the “Ease of Living Index 2020” ranked by the Ministry Of Housing And Urban Affairs in India. With a wave of working migrants flowing into the city over the past two decades, the region has become a global city. Pune is also placed 6th in rank in all Indian cities in regard to income per capita. Even more, the IT-stricken city also invites and hosts 400-plus manufacturing plants in Chinchwad. These large-scale demands from the manufacturing sector opened many spaces for office units and expanded commercial real estate. Many well-known houses in this sector such as Tata Motors, Mercedes Benz, JCB, Bajaj Auto, Volkswagen, Mahindra, Bridgestone, and Hyundai have their manufacturing plants in the outskirts of Pune, leading it to be one of the largest manufacturing hubs of Asia. Godrej Carnival Mamurdi is the best commercial project to invest in this location.
In other areas as well the city also is witnessing tremendous growth potential in recent years. The outskirts of Pune for instance Talegaon, Chakan, and Pimpri-Chinchwad surfacing as the hotspot for a pool of industrial growth. The location of Pimpri-Chinchwad precisely is one of the rapidly expanding suburbs of the city compelled by the increasing population from all remote parts of the country, refined real estate, and social infrastructural development. The region also showcased a prospective micro market attracting professionals of IT companies, BFSI, motor and automobile industry workers, students, and others. The outskirt comes under the development of Pimpri-Chinchwad Municipal Corporation, popularly known as PCMC and it enjoys seamless connectivity to the financial hub of Mumbai city using the old express highway.
A city falling under India’s smart city project, the location of Pune backs a fund of Rs 650 billion over the next 7-8 years. Granted to construct state of an art Metro Rail project, a modern Airport terminal, and a seamless ring road. Projected to garner further establishment for robust flyovers and roads, International exhibition and convention center, Mumbai- Pune hyperloop one, Satara economic corridor along with other regional megastructure. A reflection of the better performing commercial real estate of Pune city and the growing suburbs of the Pimpri-Chinchwad node in the Pune region.
A profound affinity to premium social infrastructure and access to urban lifestyle is the identification of Pune City. A city of millennials with a premium offering of education, recreation, and health care. A city, unlike others with development projects undertaken by Pune Municipal Corporation (PMC) and Pimpri-Chinchwad Municipal Corporation (PCMC), which allows the local government to foster greater growth of this huge city.
The presence of the Pimpri-Chinchwad region in the city employs more factors for the growth of the city as it is known as the emerging corridor. Pimpri-Chinchwad has accounts to settle in the top 5 locations most preferred investment location of the city based on real estate offering and standard of living. Moreover, the area is anticipated as the next propelling factor for the next phase of Pune real estate development attracting many investors.
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