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Top 5 Reasons why Pimpri Chinchwad is the ultimate investment goldmine location

Home Buying Process | 2nd June, 2022

Can a small fish dominate in a shark tank? Absolutely! Simply assimilate the environment in your existence and use it to provide something of value to the other entities, viz– the sharks.

Can a small fish dominate in a shark tank? Absolutely! Simply assimilate the environment in your existence and use it to provide something of value to the other entities, viz– the sharks.

This is the basic principle of establishing a business in a landscape that provides you with better opportunities to scale your business. Being a fish in a small pond to transcending into a giant sea is the next step for any company.

Total Addressable Market (TAM) and Serviceable Available Market (SAM) determine how well your product or service will fare. And what better way to tap this market than from a location that has paramount resources and potential!

Here’s why Pimpri Chinchwad makes for a location that offers a perfect nucleus, not only for business but also from an investment standpoint:

Brief History of Pimpri Chinchwad Development

Chinchwad was the birthplace of the Chapekar brothers, whose monumental contribution to the freedom fight places a historic significance. Meanwhile, after the partition, the Pimpri area was occupied as a refugee camp for many survivors.

With the formation of MIDC in 1962, industrialization propagated in full force in Pune – making Pimpri-Chinchwad one of the top contenders for a potential commercial zone. This prospect facilitated its own authoritative civic body known as PCMC (Pimpri-Chinchwad Municipal Corporation).

 

An Industry with a Long History

PCMC played a key role in transforming this enclave, which subsequently piqued interest in Foreign Direct Investment as well as establishing international companies in Pune. Thus, rendering it “the Detroit of Pune”.

Manufacturing

European Companies were the catalyst in setting up a stable manufacturing sector in the PCMC sector. Under MIDC, the continuous process of land acquisition, redevelopment of the property, and strategizing suitable infrastructure has resulted in an abundant area with the capacity to host heavy industries such as-

Bharat Forge, Bosch, Bridgestone, Finolex Group, Schindler Group, General Electric, Forbes Marshall, and even Ikea among many others.

Automotive

With manufacturing gaining major traction, the automobile industry soon followed suit with giants such as Jaguar Land Rover, Kawasaki, Mercedes-Benz India, Volkswagen, TATA Motors, General Motors, and Bajaj Auto, among several other competing automobile companies setting up manufacturing hubs in PCMC.

Information Technology

The IT sector was a major driving force of the next phase of industrialization with the formation of Rajiv Gandhi Infotech Park in Hinjewadi. This IT park that stretches across 2800 acres of land, currently hosts more than 800 IT companies of distinct scales.

Research Institutes and Consultancy

Hindustan Antibiotics Limited was one of the primary research institutes established in PCMC, post-independence. Ever since, this area has gradually assimilated some of the top research and pharmaceutical facilities.

With the rise in services provided and outsourcing, the consultancy and BFSI sector flourished within a few decades; thus, cementing PCMC as a formidable business district in Pune.

Key Inferences:

  • The robust commercial sector in itself is an asset to the valuations of commercial property in PCMC.
  • The TAM & SAM (as mentioned before) are incentivised by this wide spectrum of industries, allowing a streamlined scaling for your business.
  • According to the 2021 ET-Realty report, PCMC Smart City shall include areas such as Ravet, Moshi, Kiwale, and Dighi among others under the scope of area-based development.  Meanwhile, Pune International Exhibition and Convention Centre (PIECC) will be established in Moshi, set to be fully developed by 2025. This will attract an influx of international attention, tourism, hospitality, and retail boom with great footfall in the PCMC sector, thus augmenting its commercial real estate value in the upcoming years.

Social and Fundamental Infrastructure

PCMC has structured the entire sector to strike a work-life balance for the employees and residents. Within two decades, digitization and integration of essential services led to a high-functioning city.

  • Top tier institutes such as Pimpri Chinchwad college of Engineering, DY Patil Institute of Technology, and Modern College of Pharmacy also contribute to the potential talent pipeline for this commercial sector.
  • Robust healthcare structure is an assurance for employees during emergencies and as per convenience.

Aditya Birla Memorial Hospital, Yashwantrao Chavan Memorial Hospital, and Niramaya Hospital are some of the best hospitals in the area.

  • Besides, the entire city has several recreational and shopping centers, keeping the vibe lively.

Connectivity

Public Transport

Rainbow BRTS operated by PMPML and auto-rickshaws are suitable means for daily commute.

Besides, the 5 railway stations of Pimpri, Chinchwad, Kasarvadi, Akrudi, and Dapoli that are dispersed around a 3-7 km radius, makes commute convenient.

Road Connectivity

The old Mumbai-Pune highway is in close proximity to this area, also connecting it to the rest of the suburbs. Meanwhile, the outer ring roads formulate a network of feasible connectivity.

Airport

One can access the Pune International Airport within 20 mins from this locality. The property value of the commercial sector experiences high appreciation due to this proximity, as the urbanization and economic globalization of Pune have facilitated the need for rapid and accessible modes of transport.

Proposed Metro Line

The Purple Line of Pune Metro will enhance the connectivity from Pimpri-Chinchwad to the rest of the quadrants of Pune. With direct access to the Bhosari Metro station, Gera’s Imperium Gateway is the perfect hub for office and retail spaces, presenting an optimum cost-effective and time-effective commute.

This infrastructural development is estimated to increase property value while driving financial gains for businesses due to connectivity.

Residential Settlement

As per the aforementioned factors, the residential units in PCMC have been greatly influenced by rising demand. Pune has witnessed a 17% increase in Y-o-Y residential sales in 2021, out of which the PCMC sector has been at the top for the most aspired sector.

The Gera Pune Residential Report of January-June (2021) has inferred a few key points:

  1. The growth in sales is back to the pre-covid period: Higher configuration houses have observed a 24% increase in sales as compared to H2 2020.
  2. Affordability Index is at an all-time high: requiring [3.68 X annual salary] to buy a 1000 sq.ft flat. This has encouraged new homebuyers to invest, considering the high quality and standard of living offered by the project.
  3. The stamp duty waiver across Maharashtra has seen an influx of buyers in the market.

Overall: 2022 is set to carry forward this momentum in housing sales, bringing us back from the setback of the pandemic.

Regardless, connectivity, social life, and work-life balance in the PCMC sector have led to steady growth in its real estate market.

Growing real estate market

Pune’s commercial market has shown a strong rise of 58% Y-o-Y growth at the end cycle of 2021. PCMC being the prime business sector has led to high demand for leasing as well as the end-user purchase of a commercial property.

Rent appreciation and rent potential are the two main factors validating the investment prospects, with increments of about 8-10% annually and projected appreciation of 12-14% in the upcoming years.

This residential development will subsequently lead to a stable commercial market as well – with a decent appreciation of 5-6% annually.

 This industrial expansion and the advent of upcoming companies have increased the demand for all-encompassing commercial spaces.

Gera’s Imperium Gateway, PCMC is one such high-end commercial complex that has presented new levels of sophistication, thus changing the face of the commercial real estate in PCMC.

This project can accommodate large-scale companies, SMEs, and Startups as well. Thus, offering commercial property for sale in Pimpri Chinchwad to set a business up for success.

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