PCNTDA – The Real Estate Catalyst For Pimpri Chinchwad

The Pimpri Chinchwad New Township Development Authority (PCNTDA), popularly known as Pradhikaran, has been a major catalyst in the planned development of Pune’s burgeoning PCMC area, transforming this once exclusively industrial zone into one of the hottest destinations for those buying property in Pune – and indeed in the country.Over the last three decades several thousand acres of land have been acquired, developed, zoned, brought into the jurisdiction of the Pimpri Chinchwad Municipal Corporation (PCMC) and PCNTDA and made available for residential and commercial purposes. The result has bee a paradigm shift in how the real estate market sees properties for sale in Pune. It can safely be stated that, in terms of the Pune property market, the Pimpri Chinchwad map will never look the same again.Under the leadership of capable and committed IAS officers, the development of this fertile Pune real estate Mecca spans the entire gamut of activities. These include multi-lanes roads (including the Spine Road), strategically located fly-overs, public parks and urban forestation, residential zones including MIG and LIG Housing on a public private partnership basis, ample potable water supply and a comprehensive drainage network.Simultaneously, other service sectors have also grown rapidly, particularly schools and colleges. There are now over 25 colleges in Pimpri Chinchwad, offering graduate and post-graduate education in virtually every discipline – healthcare, retail, entertainment, banking and financial services and public transport.The International Convention CenterThese developments have attracted some of the world’s largest companies from the automobile, IT and engineering sectors. It will also become the home of one of India’s largest International Convention Centers (on a 200-acre plot at Moshi, just off the Pune-Nashik Highway.)The governing authorities’ vision for the ICC includes the intention of holding the international auto exhibition that will take place in India in 2012 there. Accordingly, a hall admeasuring 100,000 square feet is being developed – this hall will equal (if not rival) similar exhibition hubs in Munich, Shanghai and other major metros around the world.Cutting-Edge Residential ComplexesLeading builder-developers from the Pune property market have been quick to spot the opportunity to create ultra-modern residential complexes in this region. These complexes are being designed and executed to meet the lifestyle expectations of the cultured and cosmopolitan middle class.Another market driver is the fact that Pimpri Chinchwad now offers diverse career and business opportunities. The concept of integrated town is now increasingly coming into vogue in this growth-centric area of PCMC. The more established developers active in this region are now offering highly evolved integrated townships that offer apartments in various configurations to suit all budget levels.In fact, the most advanced of these townships features amenities such as shopping mall, multiplex, club and sports complex, school, hospital, hotel and wedding reception hall. The focus on tree plantation, play parks and podium lawns remains, with a view of preserving the serene, healthy environment that this showcase location of the PCMC area is so famous for.

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