Chakan: India's emerging industrial hub near Pune with booming real estate and infrastructure development opportunities

One of the fastest growing cities in India, Pune owes its development to its strategic location and proximity to Mumbai. As the city expands rapidly, new micro markets are coming up in and around Pune, a prime example of which is Chakan, located just 30 km from Pune. Chakan has become one of the largest industrial corridors in the western suburbs, home to international brands such as Volkswagen, Mercedes-Benz, M&M, Bridgestone, GE India and more, and has earned its reputation as the birthplace of the automotive industry. India.

In recent times, Pune and Nashik have witnessed phenomenal economic growth, leading to increased trade and movement of people and goods along the Pune-Nashik route. Mumbai, Pune and Nashik together form the golden triangle of Maharashtra.

Srikanth C, Managing Director, Intercontinental Infrastructure, highlights the benefits of investing in Chakan, citing strong commercial developments, ongoing and upcoming infrastructure projects and excellent connectivity with Pune and Mumbai. He highlights the potential for an attractive price increase given the rapid pace of development.

In fact, Chakan has seen significant price appreciation, with an increase of 5.36% in the last year, which has contributed to the 4% increase in Pune residential sales in the second quarter of 2023. The growth of The area is backed by excellent connectivity, located along the Pune-Nashik national highway. and part of the proposed major infrastructure projects, which include a ring road, Nashik Phata to Khed Bypass, Metro Neo line from Nashik Phata to Chakan and the Pune-Nashik semi-high-speed rail line.

Chakan's employment opportunities are flourishing, with numerous industries and business centers nearby such as Talawade MIDC IT Park, Commerzone, International Tech Park and more. This has led to an increase in demand for housing in the area, which is further supported by a range of social infrastructures, including high-quality educational institutions, healthcare facilities, and shopping and hotel centres.