Expanding Horizons:
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| Mr. Arvind Jain |
After all, Dasara is all about expanding your horizons. This Dasara, Mr. Arvind Jain introduced me to an upcoming location in Pune real estate market. He considers it an ultimate location!
Mr. Arvind's 'ultimate location' is not a faraway place on any national highway - passing through Pune - Pune Nagar Road - Pune Nashik Road - Pune Mumbai Highway or Pune Bangalore Highway - or on a railway track.
Arvind's 'ultimate location' is - just at the corner - close to well known and familiar neighborhoods of Pune & Pimpri Chinchwad.
In fact, Arvind's 'ultimate location' is within Municipal Corporation limits.
It is 'Charoli near Lohegaon'!
When Mr. Arvind gave me a walk through of Charoli, I asked him, "How did you find it?"
"Guess!," Mr. Arvind said.
"Let me try - you may have found it because - you know geography & geometry - you know that Pune is not a river - but a lake. Pune is going to expand like a lake - means Pune is an expanding circle! Am I right?," I asked.
"Yes!," said Mr. Arvind Jain and went on explaining how Charoli near Lohegaon is the future of Pune. When I started taking down notes, Arvind stopped me and said,"No need to take notes. I will send you a document!".
Have a look at what Mr. Arvind Jain sent me -
"Charoli near Lohegaon" -
Delivers Pune’s Ultimate Real Estate Location
View "Charoli near Lohegaon" - Delivers Pune’s Ultimate Real Estate Location in a larger map
Location is everything in real estate – and never more so than in Pune, one of India’s most exciting and active real estate markets. The Oxford of the East has been steadily gaining a larger and larger share of the country’s IT and ITeS pie, and is now all set to surpass even Bangalore. At the same time, Pune’s real estate market is further bolstered by its thriving manufacturing industry as well as education and healthcare sectors.
With these multiple demand drivers, Pune’s property market is naturally an investment hotbed par excellence. Not surprisingly, the most advantageous locations in the city are beehives of real estate development activity.
As a consequence, areas such as Kalyani Nagar, Viman Nagar and Koregaon Park – the time-honored residential destinations for the high-salaried IT class - have already reached saturation point. Whatever options remain are exceedingly expensive and beyond the reach of middle-income end-users and even most investors. Kharadi, Pune’s latest and most promising IT hot spot, is rapidly heading in the same direction.
In the midst of this real estate development and pricing gridlock, it seems improbable that one single new location in Pune can still provide both matchless location and affordability. However, that is exactly what Charoli offers.
To begin with, Charoli is located just 4 kilometers from Pune Airport at Lohegaon – the singular factor that raised Viman Nagar and Nagar Road to the highest levels of potential.
In fact, Pune’s airport has proved to be a magnet for all classes of real estate development – residential, commercial, retail and hospitality. Lohegaon is the fulcrum from which a huge radius of development potential in Pune has been leveraged.
Airports As Economic Engines
In any form of business, areas that are easily accessible from airports are crucial economic drivers – and it is no different in Pune. The expansion plans of Pune’s Information Technology, automobile and manufacturing MNCs hinge on high-level decision makers who oversee them. Likewise, accessibility is crucial for the executives who follow up with the implementation of these plans on the ground.
Ease of transit to and from the city’s key business areas is therefore of primary importance, and has a direct effect on commercial viability of countless companies, the resultant creation of jobs and – as a logical consequence – Pune’s overall economic progress.
Also, airports in any city are massive catalysts for employment in various sectors such as hospitality, retail and logistics. Demand for residential property in and around the airport and the countless commercial undertakings it supports is extremely high, since the people who service these establishments need to live in the immediate vicinity. This is the primary factor behind the consistently high real estate investor interest in and around airport-centric locations.
Charoli – The Ultimate Real Estate Location
Apart from its proximity to the airport, Charoli has various other location benefits. It is just 10 kilometres from the Pune railway station, 7 kilometres from the IT hub of Kalyani Nagar, 8 kilometres from the high-end residential area Koregaon Park and 15 kilometres from Shivajinagar.
In addition, Charoli lies squarely along the proposed 170-kilometer Ring Road around Pune and Pimpri-Chinchwad. This massive infrastructure undertaking will provide an unprecedented level of inter-connectivity to Pune and the PCMC and beyond, vastly elevating the real estate profile of every location it touches.
Indeed, there are many areas in Pune that hold inherent promise because of their location. However, many of these have been unable to emerge in strength due to the fact that they do not fall within the Municipal Corporation limits. This lacuna has resulted in severe limitations in terms of road networks, sanitation services as well as water and electricity supply. Charoli, on the other hand, falls squarely within the Municipal Corporation limits and has all the implied benefits.
In short, Charoli is a coiled spring of development potential ready to make a quantum jump onto Pune’s real estate map. A strategic study of this area indicates that it is an ideal location for large, planned mixed-use developments.
