With the formation of a well-planned satellite city alongside an overcrowded city like Pune, the most obvious benefit is the possibility of decongesting the parent city. However, a more interesting fact is that real estate brokers like the Pimpri Chinchwad Municipal Corporation actually have a higher real estate appreciation potential than the central city. This is because they are growth areas where demand is growing steadily and quality supply is still possible.
In such growth corridors, the biggest advantage for the real estate investor is the fact that the cost of entry is relatively lower than in more centralized locations, even when the potential growth in real estate prices is much higher. Own-use buyers take into account the real estate investment potential of satellite cities like PCMC; however, what attracts them most is its superior infrastructure, planned development, and greater degree of natural environment.
There are several cities in India with nearby or established satellite cities. Mumbai has Navi Mumbai, as well as Kalyan/Dombivili and Vasai/Virar, while Delhi has Ghaziabad, Faridabad, Guragon and Greater Noida. In Bangalore, Yelahanka and Devanhalli show quite promise, while Sriperumbadur and Siruseri in Chennai have been proposed as satellite cities.
Kolkata has an established satellite city of Rajarhat, in addition to Kalyani and Batanagar. However, the growth that each of these areas experiences or will experience depends entirely on the quality of the infrastructure and the level of urban planning that is implemented there. This is why Pradhikaran’s property and real estate investment in the other boom areas of PCMC is such a winning proposition.
Pimpri Chinchwad Municipal Corporation and similar modern satellite towns have superior real estate appreciation potential for a variety of reasons. Just like anywhere else, Pune property rates are mainly driven by the common denominator of demand and supply.
Demand for residential real estate is created when an area has the right mix of employment opportunities, good infrastructure, and the potential for a stress-free, green lifestyle. An additional prerequisite for demand is connectivity to the core city, without which satellite city residents would be, in most cases, cut off from familiar areas and resources in the core city.
• Pimpri Chinchwad Municipal Corporation provides extensive connectivity to Pune by road and rail
• Its industrial and commercial areas generate countless jobs each year
• The infrastructure in the PCMC area is far superior to what is offered by the core infrastructure of Pune
• PCMC planning authorities have ensured that real estate development in this area strictly adheres to a pre-established urban planning model, ensuring a high degree of quality of life.
• Unlike central Pune, areas like Pradhikaran offer modern township properties for those looking for the best possible Pune property for sale. Township properties are now widely recognized and accepted as the new paradigm of residential ownership.
The Pimpri Chinchwad Municipal Corporation is an example of how a satellite city can outperform the parent city in terms of real estate investment potential and residential lifestyle quotient.
It is no wonder, then, that Pradhikaran properties are in increasing demand by Pune property buyers. After all, Pradhikaran remains a meticulously planned real estate investment destination that generates its own economic growth and social infrastructure.
In Pradhikaran as well as the rest of PCMC, the commercial, retail and residential property markets work in symbiosis to create a winning proposition for both property investors and end users in Pune and beyond.