There has been a 10% hike in the valuation of residential properties in areas around Pune. The influx of people in search of employment, the booming IT sector, better education opportunities, ideal living conditions has encouraged people to invest in properties in Pune. One of the areas gaining spotlight for flourishing real estate is Pimpri. It has emerged as one of the prime residential hubs in Pune.
Pimpri is renowned for its exceptional connectivity to prominent areas of Pune and adjacent regions. It is situated along the Mumbai-Pune Expressway (NH-60), providing good connectivity. Its dedicated railway station on the Pune Suburban Railway Network. The upcoming developments in the metro connectivity will bolster the infrastructural development. For instance the planned Purple Line metro extension from Pimpri- Nigdi, the planned Pune Ring Road traveling through Chimbli, the road building between Nigdi and Kiwale, will be advantageous for residents of Pimpri.
Apart from the expanded road networks, seamless connectivity and diverse transport options, the social infrastructure of Pimpri also elevates the living experience. The proximity to educational institutes like SNBP International School, Podar International School or Royal World School cater to the needs of families with children. The proximity to Dr. D.Y Patil Hospital & Yashwantrao Chavan Memorial Hospital is also a substantial advantage of Pimpri. Additionally, proximity to shopping malls and cinema halls for recreational activities adds to the value of living in Pimpri.
The surge in residential property demand in Pimpri is attributed to a blend of factors. This area comprises several industrial zones and business parks, like Tata Motors & Bajaj Auto. There is a prominent presence of the manufacturing sector, automobile, and pharmaceutical industries. It houses one of the biggest Software Technology Parks: ICCT Devi Gaurav Tech Park. These employment hubs attract working professionals and new families seeking residence in proximity with their workplace.
There has been a significant growth in property prices in Pimpri over the last five years. People will certainly benefit from the current risen value. The property rates are expected to increase further following the infrastructural developments. It is safe to say that there will be double the growth in the next five years in Pimpri. Witnessing this growth, numerous real estate developers are launching new projects and offering residential as well as commercial spaces on sale or on rent.
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