Ravet – a promising residential locality of Pune
Ravet is an upcoming residential location which lies to the North-West side of Pimpri Chinchwad Municipal Corporation and Pune. Various real estate market drivers have combined to make Ravet a promising residential property destination.
Located 25 km north-west of Pune, Ravet is known as the Gateway to Pune. It is also strategically placed between two major real estate market drivers - the Hinjewadi IT park and Pimpri-Chinchwad industrial belt. In the past decade, Pune city has spread out steadily to the nearby rural areas of Baner, Aundh, Wakad, Pimpri-Chinchwad and Balewadi. Consequently, property prices in these areas have shot up. For instance, land prices in Wakad, a town 15 km north-west of Pune, are roughly 2,500-3,000 per sq ft. At Rs 1,200-1,500 per sq ft., Ravet is cheaper.
Recognizing future potential, several developers have acquired large land parcels in Ravet in the past two years. Although most are building apartments, investors can still buy residential plots in the vicinity. Compared to the now staggering property prices in Pune and nearby locations, rates are lower in Ravet, and the appreciation potential is undoubtedly high. A well-planned city, Ravet would attract many IT professionals who are looking for cheaper options but don't mind traveling a few kilometers extra.
Ravet is a safe bet as far residential in Pune is concerned as it has the advantages of an ideal location.
+ Strategic Location
+ Planned development in Ravet
+ Close to Hinjewadi IT Park and Pimpri Chinchwad Industrial belt, Talegaon MIDC, Chakan MIDC
+ Masterminded by Pimpri Chinchwad New Township Development Authority (PCNTDA
+ Junction of old Mumbai Pune Highway (NH4), Mumbai-Pune Expressway and Katraj-Dehu Road bypass
+JNNURM. has begun construction of a 45-metre, grade-separated, non-signaled four-lane BRTS (Bus Rapid Transit System) road at this point which will ensure that key areas such as Aundh, Pimpri, Chinchwad, Chakan and Talegaon are in easy access from Ravet.
+ Ravet faces no problems with electricity supply and there are abundant ground water reserves.
+ Affordable location
+ Close to Aditya Birla Hospital, industries like Bajaj Auto manufacturing plant, SKF, Telco, educational institutes Indira Institute of Business Management, D.Y.Patil College, Mercedes Benz School.
- Public transport is a pain point though there are share auto-rickshaws that people can use to commute locally.
Projects in Ravet:
- Celestial City
- Om Tropica
- Silver Gardenia
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