Ravet has become a popular destination for residential housing ...
Ravet is located on the north-west side of PCMC (Pimpri Chinchwad Municipal Corporation) and Pune. Ravet is among the most promising of the upcoming residential locations in the Pune
property market. It is situated at a confluence point of the old NH4, the Katraj-Dehu Road bypass and the Mumbai-Pune Expressway. Moreover, it is located equidistantly from two major real estate market drivers - the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.
Pharande Spaces and the Rama Group have joined hands at Ravet in launching an integrated residential township called Celestial City. Located in the central part of Ravet, this project is spread over 25 acres and will be developed over three phases. Talking about this project, Sujata Dasani, Manager, Marketing & Sales, Celestial City says, "We chose this area as it is very close to the Express highway and it is one of the biggest projects in Ravet. Ravet is an upcoming region and is developing very fast and we decided that this was the perfect place for the project. The project offers 2BHK and 3BHK luxury apartments."
There are many residential projects coming up in the district. Om Tropica Pune, a residential project covered by Om Developers, is located at Ravet. The project presents 2 and 3 BHK luxury apartments with state-of-the-art amenities and infrastructure. Scattered over total land of 965 sq. ft. - 1296 sq. ft., the project is coming with a very affordable price rate according to investors' budget. Every apartment of the project is equipped with amenities such as swimming pool, kids play area, garden, gym, club house and the like.
Satish Kestikar, General Manager, Marketing & Sales, Om Developers says, Ravet is a growing zone and is far better developed than Wakad. “The locality is not completely developed which gave us a chance to establish our projects here. It is also very good from the investment point of view,” he says. “People like the surroundings and it is close to the express way, the shopping malls and the railway station which is a great boon for the residents around here. Most of the apartments, around 98% of them have been booked and this project is an ongoing one and will be ready very soon.”
Apart from its accessibility, there are other important establishments close to Ravet that add to its value as a residential location. These include the Aditya Birla Hospital, the Bajaj Auto manufacturing plant, SKF, Telco and major educational establishments such as the Indira Institute of Business Management, D.Y. Patil College as well as the Mercedes Benz School. Its proximity to the Hinjewadi IT hub is of strategic importance, since this fact makes it a new and affordable residential location for the software employees working there.
Pravin Wawre, who works in Ravet says, "The area is very strategically located. It is close to the Chinchwad area which is a big shopping area, the highway is close by, around six to seven kms away. Hinjewadi, another area that has a lot of schools and colleges, is also nearby. A lot of builders and developers have come to this area and more projects will be coming up in the near future. Travelling within the area is hassle-free. There are share autorickshaws that take you from place to place. Even the climate is very pleasant all the year round.
Ravet is also very close to the upcoming cricket stadium at Gahunje village off Mumbai-Pune Expressway. It will be the home ground for the Pune IPL team and will be a short drive from here if one wants to catch the action live. In addition, many malls, holiday destinations and entertainment zones are coming up around Ravet. Weekend getaways like Lonavala, Khandala are hardly 30-minutes’ drive from here.
Property analyst Ravindra Marda tells us about the current situation in Ravet. "The rates in the area are in the range of Rs. 2,600-Rs. 2,900. The main builders here are the Rama Group and Pharande Spaces as they have established the largest projects in Ravet. People have convenient access as it is close to the highway and it is situated right in the middle and can be reached through the bypass road. It also has good connectivity with the neighbourhoods like Akurdi. Ravet is perfect for IT and automobile employees as there are many offices in the vicinity.”
Pradhikaran is the Pimpri Chinchwad New Township Development Authority (PCNTDA). It was set up as the apex Town Planning body to ensure the systematic development of the residential zones of the predominantly industrial Pimpri - Chinchwad.
Pharande Spaces have their projects in Ravet. Anil Pharande, Chairman, Pharande Spaces says, "Ravet is the most potential area in the vicinity which is why we chose this place for our projects. It is also the central point of the industrial belt and a lot of people who have bought apartments are from the business class as it is very easy travelling to work and back. It is also a very well planned and organised having all the basic necessities for the people living here. We are also planning a fully equipped township in Ravet as we have got a very good response from the other projects. This township will be ready in a few months. The current rates for residential housing is in the range of Rs. 3,200-Rs. 3,500 per sq. ft."
On future plans and development in Ravet, Mohammed Aslam, COO - Residential Services, Jones Lang LaSalle India says, "Rates are welcomingly low in Ravet, and the appreciation potential is undoubtedly high. It is therefore not surprising that some major names from PCMC's developer community have taken an active interest in this lodestone location. We expect it to reach a high level of investment and end-user potential in less than four years, after which rates should show significant and steady upward movement."
QUICK
BYTES RAVET IS LOCATED EQUIDISTANTLY FROM TWO MAJOR REAL ESTATE MARKET DRIVERS - THE HINJEWADI IT HUB AND PIMPRICHINCHWAD INDUSTRIAL BELT
IN ADDITION, MANY MALLS, HOLIDAY DESTINATIONS AND ENTERTAINMENT ZONES ARE COMING UP AROUND RAVET
CONFLUENCE POINT
Showing immense potential, Ravet has become a popular destination for residential housing and the growth is only expected to get stronger in the coming times, says NISHA SWAMI
Ravet is located on the north-west side of PCMC (Pimpri Chinchwad Municipal Corporation) and Pune. Ravet is among the most promising of the upcoming residential locations in the Pune
property market. It is situated at a confluence point of the old NH4, the Katraj-Dehu Road bypass and the Mumbai-Pune Expressway. Moreover, it is located equidistantly from two major real estate market drivers - the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.
Pharande Spaces and the Rama Group have joined hands at Ravet in launching an integrated residential township called Celestial City. Located in the central part of Ravet, this project is spread over 25 acres and will be developed over three phases. Talking about this project, Sujata Dasani, Manager, Marketing & Sales, Celestial City says, "We chose this area as it is very close to the Express highway and it is one of the biggest projects in Ravet. Ravet is an upcoming region and is developing very fast and we decided that this was the perfect place for the project. The project offers 2BHK and 3BHK luxury apartments."
There are many residential projects coming up in the district. Om Tropica Pune, a residential project covered by Om Developers, is located at Ravet. The project presents 2 and 3 BHK luxury apartments with state-of-the-art amenities and infrastructure. Scattered over total land of 965 sq. ft. - 1296 sq. ft., the project is coming with a very affordable price rate according to investors' budget. Every apartment of the project is equipped with amenities such as swimming pool, kids play area, garden, gym, club house and the like.
Satish Kestikar, General Manager, Marketing & Sales, Om Developers says, Ravet is a growing zone and is far better developed than Wakad. “The locality is not completely developed which gave us a chance to establish our projects here. It is also very good from the investment point of view,” he says. “People like the surroundings and it is close to the express way, the shopping malls and the railway station which is a great boon for the residents around here. Most of the apartments, around 98% of them have been booked and this project is an ongoing one and will be ready very soon.”
Apart from its accessibility, there are other important establishments close to Ravet that add to its value as a residential location. These include the Aditya Birla Hospital, the Bajaj Auto manufacturing plant, SKF, Telco and major educational establishments such as the Indira Institute of Business Management, D.Y. Patil College as well as the Mercedes Benz School. Its proximity to the Hinjewadi IT hub is of strategic importance, since this fact makes it a new and affordable residential location for the software employees working there.
Pravin Wawre, who works in Ravet says, "The area is very strategically located. It is close to the Chinchwad area which is a big shopping area, the highway is close by, around six to seven kms away. Hinjewadi, another area that has a lot of schools and colleges, is also nearby. A lot of builders and developers have come to this area and more projects will be coming up in the near future. Travelling within the area is hassle-free. There are share autorickshaws that take you from place to place. Even the climate is very pleasant all the year round.
Ravet is also very close to the upcoming cricket stadium at Gahunje village off Mumbai-Pune Expressway. It will be the home ground for the Pune IPL team and will be a short drive from here if one wants to catch the action live. In addition, many malls, holiday destinations and entertainment zones are coming up around Ravet. Weekend getaways like Lonavala, Khandala are hardly 30-minutes’ drive from here.
Property analyst Ravindra Marda tells us about the current situation in Ravet. "The rates in the area are in the range of Rs. 2,600-Rs. 2,900. The main builders here are the Rama Group and Pharande Spaces as they have established the largest projects in Ravet. People have convenient access as it is close to the highway and it is situated right in the middle and can be reached through the bypass road. It also has good connectivity with the neighbourhoods like Akurdi. Ravet is perfect for IT and automobile employees as there are many offices in the vicinity.”
Pradhikaran is the Pimpri Chinchwad New Township Development Authority (PCNTDA). It was set up as the apex Town Planning body to ensure the systematic development of the residential zones of the predominantly industrial Pimpri - Chinchwad.
Pharande Spaces have their projects in Ravet. Anil Pharande, Chairman, Pharande Spaces says, "Ravet is the most potential area in the vicinity which is why we chose this place for our projects. It is also the central point of the industrial belt and a lot of people who have bought apartments are from the business class as it is very easy travelling to work and back. It is also a very well planned and organised having all the basic necessities for the people living here. We are also planning a fully equipped township in Ravet as we have got a very good response from the other projects. This township will be ready in a few months. The current rates for residential housing is in the range of Rs. 3,200-Rs. 3,500 per sq. ft."
On future plans and development in Ravet, Mohammed Aslam, COO - Residential Services, Jones Lang LaSalle India says, "Rates are welcomingly low in Ravet, and the appreciation potential is undoubtedly high. It is therefore not surprising that some major names from PCMC's developer community have taken an active interest in this lodestone location. We expect it to reach a high level of investment and end-user potential in less than four years, after which rates should show significant and steady upward movement."
QUICK
BYTES RAVET IS LOCATED EQUIDISTANTLY FROM TWO MAJOR REAL ESTATE MARKET DRIVERS - THE HINJEWADI IT HUB AND PIMPRICHINCHWAD INDUSTRIAL BELT
IN ADDITION, MANY MALLS, HOLIDAY DESTINATIONS AND ENTERTAINMENT ZONES ARE COMING UP AROUND RAVET
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