The Pimpri-Chinchwad Municipal Corporation (PCMC), a twin city to Pune and one of India’s most prominent industrial hubs is located in Western Pune. Strategically situated close to the Mumbai-Pune Expressway, the area tops the list when it comes to investing in properties. Demand drivers for property in PCMC are strategic location, affordable real estate, activity magnets like the Chakan industrial area, development of the IT cluster at Hinjawadi, good connectivity, strong road network and excellent physical and social infrastructure.
Pimpri Chinchwad Council was formed on 4 March 1970 which now covers an area of about 181 square kilometers. As per 2011 census, population of Pimpri Chinchwad is 17,29,000 and growing at a rate of 6% annually. In the beginning, four villages of Pimpri,Chinchwad, Akurdi and Bhosari were merged into this corporation area. PCMC is considered as richest and one of the fastest growing municipal corporations in Maharashtra.Economy, Industry & Employment
PCMC today is one of the major industrial hubs in which houses major automobile companies like Premier Limited, Mahindra & Mahindra Ltd - Truck & Bus Division, Mahindra Engineering services, Bajaj Auto, BEL Optronic Devices Limited, TATA Motors (formerly TELCO), Kinetic Engineering, Force Motors (formerly Bajaj Tempo) Daimler Chrysler, Thermax and Autoline Industries. In addition to this, several heavy industries such as Forbes-Marshall, ThyssenKrupp and GEA Ecoflex, Alfa Laval & Sandvik Asia have their manufacturing units in the town and also the German company KSB Pumps, Swedish bearing company SKF. Rajiv Gandhi Infotech Park hosts several Software and Information Technology majors like Tata Consultancy services,Cognizant, Accenture, KPIT Cummins, Barclays,Credit Suisse, IBM India, Tata Technologies, Infosys, Wipro, Geometric Limited, Finolex Cables Limited, SQS India Infosystems Pvt. Ltd., BNY Mellon (India),Johnson Controls automotive ltd among others.Infrastructure
The PCMC has very smooth road network. The work on the road connecting Aundh to other CBD areas is also progressive. The area is close to the Hinjewadi IT Park that generates high demand for residential projects. Apart from this, the area offers ample connectivity to Pune via road and rail. The locality also has direct connectivity through the Mumbai-Pune National Highway.Real Estate
Ongoing infrastructure developments such as the Bus Rapid Transit System and the proposed international convention centre have given a boost to PCMC real estate. Hinjewadi, which is one of India’s premier IT clusters, is located in close proximity to Pimpri-Chinchwad. PCMC real estate have benefited immensely from the demand generated by employees working in the Hinjewadi IT cluster. Pimpri-Chinchwad will continue to benefit from further development in Hinjewadi. Owing to these benefits, PCMC area is one of the most sought-after real estate destinations. Developers are coming up with some large, quality residential projects in this area which are proving to be very attractive for the citizens of Pune. Also, the presence of a number of retail developments/malls and commercial projects is beneficial for the area. Prominent retail projects in the area are City One Mall, Plaza Centre and Megamart.