Times of India (Pune) - Property Times quoted comments of Ravi Marda on 12th Feb 2011.
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http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=pastissues2&BaseHref=TOIPU/2011/02/12&PageLabel=42&EntityId=Ar04201&ViewMode=HTML&GZ=T
DESTINATION NEXT
With new developments coming its way, Chakan is shaping up as a potential destination for investment in Pune, says SHILPA SACHDEV
There are many reasons why Chakan will strike a chord with those looking for a reasonable home deal. Although the infrastructure in Chakan needs to be worked upon, which will hopefully spruce up as more developments flow in, the place has already attracted a solid presence on the real estate map of Pune.
The buzz of automobile companies that have chosen the Chakan-Talegaon belt as their hub has sparked the interest of many. The news of the international airport is another growth driver. Not to forget, the attractive price tag that makes it a steal to buy a home here.
Anil Pharande, Chairman, Pharande Spaces says: “The Chakan-Talegaon belt has developed well as an industrial corridor and is coming up as a twin city like Pimpri-Chinchwad. The place is good for industrial planning. To support the industrial growth, there should be comprehensive planning from the Government and MIDC for good residential development. Along with residential, there should be proper provision of infrastructure by creating bridges on the river and connecting other parts of the city to Chakan and Talegaon.”
The industrial growth in Chakan is getting stronger by the day and in a way it has spurred the demand for housing. Property analyst Ravi Marda says: “The Chakan MIDC is fully established. A proposed Bharat Forge SEZ is about to come up here. Many global automobile companies like Volkswagen, Mahindra, Bajaj Auto have established their base in Chakan. The residential demand here is greatly generated by the employees working in these companies. Talegaon is another fully established MIDC. The 25-km long Chakan-Talegaon road has companies like General Motors, JCB and many other bigger companies. Bhosari is another industrial hub which is well connected to Chakan. The national highway that connects Pune to Nashik also shares connectivity with Chakan. Moshi is another place near Chakan that is coming up. The international convention centre is supposed to come up at Moshi. It is going to be the biggest convention centre in Asia and will have a few 3-star category hotels within its layout. Many developers have come up with big township projects in Chakan. The Chakan-Talegaon-Bhosari triangle will shape up like Detroit in USA.”
Interestingly, Chakan is home to many residential projects spread over a large expanse. Rupesh Agarwal, Joint MD, Sara Builders and Developers: “We have a 50 acre project in Chakan called Sara City. With 3500 apartments, the township has all the necessary amenities like schools, clubhouses, retail and so on. About 500 flats have been delivered as of now. Chakan is like Hinjewadi five years back. With the amount of automobile companies that have set shop here, it has turned into an auto cluster. The international airport is also proposed at Chakan. The Courtyard by JW Marriott is already under construction. It is a great location for those looking for a good investment because the future potential of the place is immense. By 2014, Chakan will be flourishing. Also, the price tag being in the bracket of Rs 2,000, it is a big driving factor as compared to prices in the rest of Pune. The walkin to conversion ratio is 20 per cent, which is good. We are also going to launch another 10-acre project in Chakan in October this year.”
Ranjit Naiknavare, Director, Naiknavare Developers Pvt Ltd makes an interesting observation on how Chakan makes sense for large layout projects. "Chakan has the presence of many industries and hence the road network is excellent. But the other social infrastructure like enough schools, hospitals, shopping is still developing. The attraction to Chakan has been the competitive price range as compared to the rest of Pune. But having said that, the customer will also look out for proper infrastructure in the area. As a result, for any project to come up in Chakan, it has to be a holistic plan, which will provide the social infrastructure along with residential units.”
He continues, “In our township project at Chakan called Dwarka, which is spread over 130 acres, a school is already in operation and within this year the shopping mall and hotel should start functioning. The basic shopping is however already in place with a restaurant too. About 700 flats have been handed over out of the 6,000 apartments on offer. While planning the project, we also did the hard work of getting the basic infrastructure in place like getting the water line connected. Customers too prefer to invest in an all-inclusive project so for developers with a holistic plan in mind, the market in Chakan is huge. We are also coming up with a 50-acre project in Talegaon. We are very bullish on the north-west corridor of Pune, which is seeing demand not only from the industry but also the IT sector. The key reason has to be the prices in the range of Rs 2,000 per sq ft as a result people find it affordable and worth investing.”
Chakan offers a competitive choice to those looking to buy a home in Pune because the place has tremendous potential for the future.
(Inputs: Neha Dani) QUICK BYTES
MANY GLOBAL AUTOMOBILE COMPANIES LIKE VOLKSWAGEN, MAHINDRA, BAJAJ AUTO HAVE ESTABLISHED THEIR BASE IN CHAKAN CHAKAN IS HOME TO MANY
LARGE TOWNSHIP PROJECTS
AND MORE ARE ON THE ANVIL
follow this link
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=pastissues2&BaseHref=TOIPU/2011/02/12&PageLabel=42&EntityId=Ar04201&ViewMode=HTML&GZ=T
DESTINATION NEXT
With new developments coming its way, Chakan is shaping up as a potential destination for investment in Pune, says SHILPA SACHDEV
There are many reasons why Chakan will strike a chord with those looking for a reasonable home deal. Although the infrastructure in Chakan needs to be worked upon, which will hopefully spruce up as more developments flow in, the place has already attracted a solid presence on the real estate map of Pune.
The buzz of automobile companies that have chosen the Chakan-Talegaon belt as their hub has sparked the interest of many. The news of the international airport is another growth driver. Not to forget, the attractive price tag that makes it a steal to buy a home here.
Anil Pharande, Chairman, Pharande Spaces says: “The Chakan-Talegaon belt has developed well as an industrial corridor and is coming up as a twin city like Pimpri-Chinchwad. The place is good for industrial planning. To support the industrial growth, there should be comprehensive planning from the Government and MIDC for good residential development. Along with residential, there should be proper provision of infrastructure by creating bridges on the river and connecting other parts of the city to Chakan and Talegaon.”
The industrial growth in Chakan is getting stronger by the day and in a way it has spurred the demand for housing. Property analyst Ravi Marda says: “The Chakan MIDC is fully established. A proposed Bharat Forge SEZ is about to come up here. Many global automobile companies like Volkswagen, Mahindra, Bajaj Auto have established their base in Chakan. The residential demand here is greatly generated by the employees working in these companies. Talegaon is another fully established MIDC. The 25-km long Chakan-Talegaon road has companies like General Motors, JCB and many other bigger companies. Bhosari is another industrial hub which is well connected to Chakan. The national highway that connects Pune to Nashik also shares connectivity with Chakan. Moshi is another place near Chakan that is coming up. The international convention centre is supposed to come up at Moshi. It is going to be the biggest convention centre in Asia and will have a few 3-star category hotels within its layout. Many developers have come up with big township projects in Chakan. The Chakan-Talegaon-Bhosari triangle will shape up like Detroit in USA.”
Interestingly, Chakan is home to many residential projects spread over a large expanse. Rupesh Agarwal, Joint MD, Sara Builders and Developers: “We have a 50 acre project in Chakan called Sara City. With 3500 apartments, the township has all the necessary amenities like schools, clubhouses, retail and so on. About 500 flats have been delivered as of now. Chakan is like Hinjewadi five years back. With the amount of automobile companies that have set shop here, it has turned into an auto cluster. The international airport is also proposed at Chakan. The Courtyard by JW Marriott is already under construction. It is a great location for those looking for a good investment because the future potential of the place is immense. By 2014, Chakan will be flourishing. Also, the price tag being in the bracket of Rs 2,000, it is a big driving factor as compared to prices in the rest of Pune. The walkin to conversion ratio is 20 per cent, which is good. We are also going to launch another 10-acre project in Chakan in October this year.”
Ranjit Naiknavare, Director, Naiknavare Developers Pvt Ltd makes an interesting observation on how Chakan makes sense for large layout projects. "Chakan has the presence of many industries and hence the road network is excellent. But the other social infrastructure like enough schools, hospitals, shopping is still developing. The attraction to Chakan has been the competitive price range as compared to the rest of Pune. But having said that, the customer will also look out for proper infrastructure in the area. As a result, for any project to come up in Chakan, it has to be a holistic plan, which will provide the social infrastructure along with residential units.”
He continues, “In our township project at Chakan called Dwarka, which is spread over 130 acres, a school is already in operation and within this year the shopping mall and hotel should start functioning. The basic shopping is however already in place with a restaurant too. About 700 flats have been handed over out of the 6,000 apartments on offer. While planning the project, we also did the hard work of getting the basic infrastructure in place like getting the water line connected. Customers too prefer to invest in an all-inclusive project so for developers with a holistic plan in mind, the market in Chakan is huge. We are also coming up with a 50-acre project in Talegaon. We are very bullish on the north-west corridor of Pune, which is seeing demand not only from the industry but also the IT sector. The key reason has to be the prices in the range of Rs 2,000 per sq ft as a result people find it affordable and worth investing.”
Chakan offers a competitive choice to those looking to buy a home in Pune because the place has tremendous potential for the future.
(Inputs: Neha Dani) QUICK BYTES
MANY GLOBAL AUTOMOBILE COMPANIES LIKE VOLKSWAGEN, MAHINDRA, BAJAJ AUTO HAVE ESTABLISHED THEIR BASE IN CHAKAN CHAKAN IS HOME TO MANY
LARGE TOWNSHIP PROJECTS
AND MORE ARE ON THE ANVIL
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