An overview of the Chakan real estate market!
Chakan is a fast-growing suburban region of Pune that is adjacent to the city’s industrial zones and IT clusters. The neighbourhood has strong civic facilities and is well-connected to other sections of Pune.
Chakan is a residential neighbourhood on Pune’s western outskirts. It used to be a rural region, but it is now part of the larger PCMC residential neighbourhood.
While agriculture remains the people’s major source of income, the area is rapidly becoming urbanised as a result of growing industrialization. It is presently one of Pune’s busiest motor centres. Many well-known Pune neighbourhoods are close by, including Pimpri, Chinchwad, Pimple Gurav, Bhosari, and Sangvi. All of these places, as well as a few more, make up the Pimpri Chinchwad Municipal Corporation’s urban agglomeration. In this location, there are a number of projects to choose from, ranging from economical to exquisite.
Many reputable builders, such as the Ivory Group, Shri Sai Associates, and Xrbia, are working on various projects in Chakan. Xrbia Eiffel City, Swapna Nagari, and Ivory Tathastu are some of the most well-known developments in Chakan.
Pune has seen a tremendous increase in the migration of working people from outside due to the different IT majors and other multinational businesses (MNCs) that have established up their base in the city. As a result, with Chakan being one of Pune’s well-known neighbourhoods, there has been a boom in demand for residential units. Even if the cost of flats in Chakan are growing, there is still cheap accommodation for mid- and junior-level executives of various firms.
Chakan has witnessed a lot of growth in recent years, and the government is working hard to make the region a modern town. As a result, it has approved a number of projects in the region. The quality of public services has also improved. The area’s retail and hotel industries have grown as a result of the area’s industrial growth and IT sector expansion.
Connectivity with nearby Chakan localities
- The Talegaon-Chakan Road, the Pune-Nashik Road, and the Chakan-Shikrapur Road are some of the significant routes that go through the area.
- The Pimpri Bus Stand, Bhosari Bus Depot, and the Pune Bus Stand are all within walking distance of each other.
- Pimpri has a railway station from which train services may be accessed.
- The journey from Chakan to Pune takes roughly an hour and ten minutes.
Employment hubs near Chakan
- The Pimpri Chinchwad Bhosari industrial sector is around 15 kilometres from Chakan.
- A distance of around 2-3 kilometres separates Chakan Industrial Area from the rest of the city.
- It’s around 22 kilometres to Pradhikaran Industrial Zone.
- The nearest city is Khed City, which is around 25 kilometres distant.
Schools in Chakan and other social amenities
Chakan’s citizens have access to excellent social infrastructure. Vidya Valley International School, PK International School, and AMS School are some of Chakan’s well-known schools. Anand Hospital, Core Hospital, and Chakan Criticare Hospital are just a few of Chakan’s top hospitals. Malls in Chakan, such as the Aishwarya Icon Mall and VedantSankul, cater to the locals’ shopping requirements.
Why should you invest in Chakan?
Chakan’s pricing patterns and growing demand suggest that the area offers strong investment opportunities. With a lot of projects under construction, property rates are increasing rapidly. Furthermore, the neighbourhood is in close proximity to Pune’s IT/ITES sector as well as its industrial zones. Because the government has approved a number of projects in Chakan, the potential for infrastructural development is also present. With all of these elements in mind, Chakan is a fantastic spot to invest.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
