Charoli – A New Dawn For Pune Real Estate..
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Jay Kalghatgi
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by Mr. Arvind Jain, Pride Group
The development of Charoli, one of Pune's hottest real estate growth areas, is now underway at a rapid pace and urban planners are asking whether it will turn into yet another densely-packed suburb of Pune.
The development of Charoli, one of Pune's hottest real estate growth areas, is now underway at a rapid pace and urban planners are asking whether it will turn into yet another densely-packed suburb of Pune.
This is a valid concern - Pune has displayed a definite pattern
of the urban sprawl extending relentlessly into new growth corridors. Let us
examine this phenomenon in some detail.
It is a common misconception that the worst of a city's urban sprawl happens towards the centre. Locations in the city centre tend to have the highest property valuations; this factor actually prevents the formation of low-cost housing in serious volumes.
It is a common misconception that the worst of a city's urban sprawl happens towards the centre. Locations in the city centre tend to have the highest property valuations; this factor actually prevents the formation of low-cost housing in serious volumes.
New development plans
While every city has its slums and tenement areas, these
developments tend to be unregularized and are always threatened by new
development plans aimed at creating a more rational urban pattern.
The fact is that the worst of a city's urban sprawl - the kind that is
comprised of smaller and often not entirely legitimate housing construction -
tends to densify in areas with lower land valuations.
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| Arvind Jain, Pride Group |
Cheap land parcels
Such areas attract developers from the unorganized segment who
are on the lookout for small, cheap land parcels.
The kind of projects that come up on such land parcels tend to
be extremely small, often consisting of 30 flats or less.
These projects tend to be of inferior construction quality, and they offer next to no amenities to their inhabitants. Nevertheless, the low property rates attract buyers from the lower income segment and the next suburban nightmare is born.
These projects tend to be of inferior construction quality, and they offer next to no amenities to their inhabitants. Nevertheless, the low property rates attract buyers from the lower income segment and the next suburban nightmare is born.
The social profile that pioneers the inhabitation of such an
area tends to remain as the common denominator that will define it in the
future, as well.
Property investors
Fortunately, Charoli is not subject to this unwholesome pattern
of development. This brand-new location on Pune's real estate map is attracting
property investors because its development has been spearheaded by the arrival
of a 400-acre integrated township designed for the highest standards of urban
living.
In the Indian context, integrated townships are more than just a viable alternative to cramped inner-city living. Their arrival has a positive effect on the entire area's future profiling. In the first place, they bring with them a high degree of internal and external infrastructure.
In the Indian context, integrated townships are more than just a viable alternative to cramped inner-city living. Their arrival has a positive effect on the entire area's future profiling. In the first place, they bring with them a high degree of internal and external infrastructure.
Conveniences of modern
life…
Developers of such projects ensure that the location is
well-connected to key areas of the city, are self-sufficient in terms of water
and electricity supply and offer all the conveniences of modern life.
Property rates integrated townships tend to be very attractive during the initial stages of construction, since developers of such projects are focused on achieving a minimum inhabitation quotient.
Property rates integrated townships tend to be very attractive during the initial stages of construction, since developers of such projects are focused on achieving a minimum inhabitation quotient.
However, as the development of the project progresses, land
valuations in the area rise rapidly due to the overall profile it is given by such
a high-standard development. This makes the acquisition of small land parcels
for one-off development unattractive to smaller developers, and thereby sets
the tone for a healthy pattern of urbanization.
Charoli is a select location that will benefit from this positive influence of integrated townships on Pune's urban and social fabric.
Charoli is a select location that will benefit from this positive influence of integrated townships on Pune's urban and social fabric.
Township developments..
With this effect already well-established by a number of
noteworthy township developments, Pune is about to receive an advanced
lifestyle and lucrative property investment location that has set itself apart
from the rest from the very outset.
About the author
Mr. Arvind Jain is Managing Director at Pride Group, Pune
Arvind Jain is Managing Director of The Pride Group, a world-class property development conglomerate that is changing the cityscapes of Pune, Mumbai and Bangalore. Established in 1996, The Pride Group has built and delivered over 10 million sq.ft. of constructed area. Pride Group is currently developing a 400+ acre mega-township in Charoli, Pune.
Mr. Arvind Jain is Managing Director at Pride Group, Pune
Arvind Jain is Managing Director of The Pride Group, a world-class property development conglomerate that is changing the cityscapes of Pune, Mumbai and Bangalore. Established in 1996, The Pride Group has built and delivered over 10 million sq.ft. of constructed area. Pride Group is currently developing a 400+ acre mega-township in Charoli, Pune.
For more information on Pride Group, please visit www.pridegroup.net
For media contact
Jay Kalghatgi
Client Interface - CopyConnect
Mobile: 9320142248
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