Chakan, a region in the Pune Metropolitan Area in India, has become an attractive option for investors in recent years. The booming IT industry and multinational companies have motivated the government to develop many housing projects in Chakan. This has boosted the physical and social infrastructure making it an upcoming real estate destination near Pune.
Let us look at the top reason to invest in Chakan:
Proximity to Pune:
Chakan is located approximately 35 km from Pune, making it a viable option for those who work in Pune but prefer a quieter and more affordable living environment. It is easily accessible from Pune by public transport. The city’s growth as an industrial hub has also led to increased employment opportunities, drawing in residents.
Infrastructure Development:
Chakan has witnessed significant infrastructure development, including improved road networks and public transportation options. There is a good frequency of buses run by the Maharashtra State Road Transport Corporation (MSRTC) buses and Pune Mahanagar Parivahan Mahamandal Limited (PMPML) connecting Chakan to Pimpri – Chinchwad and Pune city. This makes it easier for residents to commute to Pune and other hubs in and around the city. Further, Chakan has easy access to the Mumbai – Pune highway, Talegaon-Chakan Road, Chakan-Shikrapur Road, Pune-Nashik Road, and NH-60.
Industrial Hub:
Chakan is home to industrial and manufacturing units, including automotive and engineering companies like Volkswagen and Mercedes-Benz. Major IT firms are investing in land to build industrial units in Chakan. Important employment destinations like Chakan MIDC, Bhosari MIDC, Talawade IT Park, and Moshi MIDC are easily accessible. This has led to increased demand for housing as more professionals seek accommodation in the vicinity making Chakan a lucrative investment destination.
Affordable Housing:
Compared to the high property prices in Pune, flats in Chakan are relatively affordable. This has attracted home buyers looking for budget-friendly options without compromising on quality of life as Chakan offers good options for homebuyers seeking green surroundings away from the hustle and bustle of the city.
Social Infrastructure:
Chakan is home to the best educational institutes, schools, colleges, healthcare facilities, and everyday conveniences. These basic facilities are necessary prerequisites for families to live comfortably. This has resulted in many residential projects coming up in Chakan. Investing in these projects can assure good rental returns and property appreciation as the locality develops in the future.
Future Growth Prospects:
With the increasing development of industries, infrastructure, and residential projects, Chakan is positioned to become a residential hub meeting the housing needs of the working population. An investor can choose from a wide variety of properties from the premium and budget projects. The projects are priced lower than those in Pune city making it easier to invest in. Chakan promises good growth on the investments in the future as it grows with more development.
As we see the infrastructure development, industrial boom, affordable housing, social infrastructure, climate, and natural surroundings make Chakan an ideal location for investments.
