Friday, July 24, 2015

Why is Investing in Chikhali a Good Idea?

Read on to know why Chikhali is a good area to invest in.

real estate investment opportunities in pune
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Pimpri Chinchwad is a municipal corporation in Pune and is one of the sought after areas of the city. Chikhali is under the Pimpri Chinchwad Municipal Corporation has seen a lot of development activities with newer residential communities under construction. The area is close to Chakan which is a well-developed manufacturing belt and houses the factories of automobiles stalwarts like Volkswagen and Mercedes Benz. Chikhali is also close to Talawade IT Park and the bustling suburb of Moshi, which is near the International Convention Centre.

Several new projects in Pune are located here, one of which is the River Residency. It is lies along the route to Chakan and enjoys smooth connectivity with areas like Nigdi Chowk, Akurdi, Pradhikaran and Bhosari. River Residency is located along the banks of Indrayani River and is being developed by the Ishwar Parmar Group. This Pune property is spread over 25 acres of lush greenery and has a natural trail to take away residents from the hustle and bustle of city life. The River Residency Pune is an exclusive project for it is close to a boat club in the vicinity. The project is located by the Pune Nagpur Highway and enjoys good access with the Dehu Alandi Road. The DY Patil College is located very close to the site.

The community has a plethora of amenities to support the lifestyle of modern home seekers. Health facilities included within the community are cycling and jogging tracks, multi utility courts, gymnasium, and nature walk spread over 1 acre, skating rink, meditation or yoga area and acupressure pathway. Children’s play zone, senior citizen’s park, indoor game zone and friendship corner are located in the vicinity. The community shall be guarded at all times of the day through CCTV surveillance.

The project has been conceived by the Ishwar Parmer Group in collaboration with Vijay Lakshmi Realtors. The Ishwar Parmar Group Pune is one of the prominent builders of the city who have worked on several projects. They were founded in almost four decades ago and have met with stupendous success in all their projects. The property rates in Chikhali Pune are lower than other prime neighbourhoods of the city, at Rs 4500 to 5500 per sq ft. It is a good area to own property in as it is rapidly developing and is close to the automobiles industrial belts. Mostly those working in these automobiles companies look for property here. For a 2BHK apartment in the area, the rental rate is Rs 10,000 or so. Therefore, investors stand to gain much from investing in the area.

Pune is one of the top cities for real estateinvestment in India for its planned development and prospects of growth. Both IT and automobiles industries form an important part of the city, which have the potential to foster high employment. The prices under Pimpri Chinchwad Municipal Corporation are lower hence investors can consider these areas for property purchase. Moreover, the property sizes are larger hence would suit the needs of families.
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