Chakan is a fast-growing region in the Pune real estate market. Originally an industrial corridor, the infrastructure, and economic developments have made it a sought-after destination. This is an ideal opportunity for home buyers and investors who wish to buy a flat in Chakan Pune. In this blog, we will explore the current real estate market in Chakan.

1. Connectivity

• Chakan located adjacent to the Pune – Nashik national highway, makes it an important hub within the Pune-Nashik-Mumbai Golden Triangle.
• It is a part of the major upcoming infrastructure projects like the ring road, Nashik Phata to Khed bypass, Metro Neo Line for Nashik Phata to Chakan, and Pune Nashik Semi High-speed railway line. These projects will give excellent connectivity to major industrial establishments like Bhosari MIDC, 5^th Phase Chakan MIDC and Rajiv Gandhi Infotech Park. The ring road will provide easy access to Pune International Airport and Pimpri station.

2. Economic development

• Chakan is one of the top automobile and manufacturing hubs. Large automobile MNCs like Mercedes Benz, Volkswagen Group, Daimler-Benz, Mahindra & Mahindra have production plants here.
• Other IT and business hubs like Talawade MIDC IT Park, Commerzone, International Tech Park, etc are also nearby. A Special Economic Zone at Chakan promoted by the Maharashtra Industrial Development Corporation (MIDC) has more than 750 large and small industries.
• These developments have increased the demand for quality housing by professionals working in these industrial zones. With an increase in housing demand, the scope for commercial retail zones also increases. Real estate investors can diversify their portfolios by choosing residential and commercial properties for investment.

3. Social Infrastructure

• Chakan residents can access good educational, healthcare, and entertainment facilities. Vidya Valley International School, PK International School, and AMS School are some of Chakan’s well-known schools. The top hospitals are Anand Hospital, Core Hospital, and Chakan Criticare Hospital while Aishwarya Icon Mall and Vedant Sankul are the main shopping centres.

Chakan has experienced a noteworthy price appreciation of 5.36 % in the past year. According to industry reports 1,15,100 residential units were sold in Q2 of 2023 compared to 84,940 units in Q2 of 2022 accounting for a growth of 30% in sales. 1 BHK flats in Chakan may be preferred by first-time home buyers, while 2 BHK flats in Chakan are ideal for bigger families and investors.

The Urbana by Intercontinental is a township that offers modern residences with holistic amenities fulfilling all the needs of future residents. It is poised to meet the housing needs of a fast-growing region.