Investment in real estate is tricky, and when it comes to a fast-developing city like Pune, it is even more challenging. The rapid pace of development in and around Pune has taken the prices of properties in Pune several notches up. To be able to decide where to invest in real estate for maximum returns is an uphill task. Amongst the Pune suburbs, there are two prominent areas that many investors are looking at: Talegaon, Pune, and PCMC (Pune Pimpri Chinchwad Municipal Corporation). When narrowing it down further, it is Talegaon that takes the lead. How?
Let’s explore.
PCMC and Talegaon- Why Talegaon, Pune is a better investment bet?
What are the key factors that determine your property purchase decision? These are affordability, current Infrastructure (e.g., roads), livability factor, future development of the area, employment avenues, and ROI, amongst others. Let us have a closer look at Talegaon and PCMC and assess which factors make one better than the other.
Pimpri Chinchwad Municipal Corporation, PCMC, lies in the North-West of Pune. PCMC was created in 1982 with the primary aim of addressing the civic infrastructural needs of the area to assist in better living for citizens. These included a reliable water and electricity supply, a proper sewage system, good roads to ease traffic woes, parks and open spaces, and so on. In recent years PCMC has come up in a big way with some top commercial and residential projects. The area has seen tremendous development and is one of the sought-after locations for real estate investors.
This micro-market has seen spiraling property prices in recent years given the rapid pace it has developed. That, perhaps, is one key reason why Talegaon wins as a better investment option at this point, as property rates are far more affordable here than in PCMC.
Suggested read – Why your next home should be in Talegaon
Let’s dig deeper and assess what makes Talegaon a preferred real estate destination over PCMC.
Affordable Property Rates
Amongst the Pune suburbs, Talegaon is one location that is fast-developing and yet offers more affordable real estate options than others. For people looking for astonishing returns on their investment in the coming years, Talegaon cannot be missed.
A soon-to-be Industrial Hub
Talegaon enjoys proximity to a fast-developing MIDC area that is set to give a big boost to employment opportunities in the locality. The MIDC, or Maharashtra Industrial Development Council, is planning a huge industrial facility spread across an area of 6000 acres in Talegaon. This facility would cater to hardware production and will be completed as part of Talegaon Phase IV. A residential township will also be a part of this project.
Other developments by Talegaon MIDC
Talegaon MIDC has plans to create a breakthrough in the biotechnology revolution in an allocated 250 acres of land. A part of this land, MIDC would set up a floriculture park that would be used to grow good-quality orchids & tulips that have huge demand in international markets.
Read more – Talegaon or Lonavala-Which is Better?
Proximity to Other Employment Destinations
Some major employment hubs like Hinjewadi, Chakan, and Maval, the industrial belt of PCMC, are all nearby. This creates a steep demand for residential projects in Talegaon.
Excellent Social Set-up & Location
Talegaon is a fast-emerging Pune suburb offering good educational facilities, entertainment options, and healthcare facilities.
Apart from the Govt. efforts towards the development of Talegaon, it is also the strategic location of Talegaon, which provides excellent connectivity to Pune and Mumbai. It is based near the Mumbai-Bangalore highway and has good connectivity via the Mumbai-Pune Expressway, Old Mumbai-Pune Highway, Talegaon-Chakan Road, and the railways. Pune Airport is also conveniently accessible. Located approximately 2 hours away from Navi-Mumbai and 30 minutes from Pune, Talegaon, Pune is a dream location for those looking at affordable real estate options and a life away from a city yet close to it.
If you have already made up your mind to invest in Talegaon property, you must check out projects from Namrata Group. The development of Talegaon may be rightly attributed to the Namrata Group, which has a prominent presence in Talegaon. From affordable to luxury projects, this prestigious group offers a home for every class of society.
Good civic and social infrastructure accessibility to employment hubs and affordable real estate make Talegaon a preferred location amongst homebuyers over PCMC. If you are working in any of these areas or are planning to invest for good returns in the coming years, Talegaon, Pune, is the best bet!
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