Chakan is a western suburb of Pune located 35 km from the city. It is a major automobile manufacturing hub with multinational brands like Volkswagen, Bajaj Auto, Mahindra and Mahindra, and many more. Chakan is a fast-growing region in the Pune real estate market. Originally an industrial corridor, the infrastructure, and economic developments have made investing in Chakan a sought-after destination for home buyers and investors alike.
1. Connectivity
Chakan is located adjacent to the Pune – Nashik national highway which 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, 5th Phase Chakan MIDC and Rajiv Gandhi Infotech Park. The ring road will provide easy access to Pune International Airport and Pimpri station. The growth of infrastructure of this scale will boost real estate development like never before. Chakan is poised to be a major commercial and residential property hub.
2. Industrial Hub
Chakan is one of the top automobile and manufacturing hubs. Large automobile MNCs like Mercedes Benz, Volkswagen Group, Daimler-Benz, Mahindra & Mahindra have their 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. All these factors make way for the tremendous demand for housing in Chakan. To meet this demand several large township projects are seen emerging in the region making Chakan a hub for real estate.
3. Affordable Housing
The real estate prices in Chakan are relatively low compared to Pune making it an ideal investment opportunity. Considering the immense potential of the suburb in future, investing in Chakan is a smart move. The demand for housing, infrastructure growth, and future trends all indicate a positive sentiment for real estate investments. By staying invested in real estate one can expect good returns in terms of rentals and price appreciation. Housing schemes like the Pradhan Mantri Awas Yojna further encourage budget home buyers. Large townships offer integrated living with facilities like schools, healthcare, and shopping centers attracting home buyers to settle here.
Investing in upcoming locations with high growth potential is always a smart decision. It is not easy to find such opportunities and Chakan is one of them.
