Does Chinchwad comes under PCMC or PMC? What about Navkar Annex?

Q: Hi, under which local body Chinchwad comes and Navkar Annex got all the statutory clearance?

Nitesh Patil, Pune

26th September 2014

Residential Project Review in Navkar Annex, Chinchwad, Pune

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Replies (5)

I want to purchase 1000 sq.ft.2 BHK flat in Chinchawad. Please suggest good builder and cost of the property.

Shweta Salunkhe, Pune

26th September 2014

Comment

Well Shweta,
I will suggest you Chinchwad as it is well connected by road and rail network. It has strong economic drivers like IT, manufacturing and automobile sector. It is one of the largest automobile hubs in Asia. It is close to the Hinjewadi IT Park. As a result there are strong residential drivers. A 1000 sq-ft ready to move in apartment in this area available between Rs 4650 to Rs 5700/sq.ft.

Sneha Ambedkar, Pune

26th September 2014

Thanks Sneha,
How is the project locality and which kind of buyer mostly seen in this area and what is the reason behind?

Shweta Salunkhe, Pune

26th September 2014

Comment

Well shweta,
Pimpri Chinchwad consists of the twin towns of the Pimpri and Chinchwad governed by a common municiapl body the Pimpri Chinchwad Municipal Corporation or PCMC. It is well connected to Pune City via the old Pune-Mumbai-Highway. It offers property that offers affordability, amenities and infrastructure and also great returns as they come at reasonable rates today. The mid-segment housing draws maximum attention of home buyers. Those properties are available within Rs. 3100-5600/sq-ft. depending upon the size of the unit. This demand is coming from IT professional, manufacturing and automobile sector who desires to buy spacious apartments away from the city congestion and that too at a affordable price.

Sneha Ambedkar, Pune

26th September 2014

Thanks Sneha,
Which all banks offering loan and the expected date of possession? What is the current residential property rate is going on in the locality?

Shweta Salunkhe, Pune

26th September 2014

Comment

Bank loan is under process as the paper work has finished and they are waiting for the approvals. But the date of possession will be October-November'2015 as per their sales manager.

The current residential price trend in the locality is between Rs. 5250-5450/sq-ft.

Sneha Ambedkar, Pune

26th September 2014

Hi,
What are the various sizes available in 3BHK and its current price per square foot? Is it a high rise apartment? How many lifts are there in it? What is total nos of unit developing under this project?

Shweta Salunkhe, Pune

26th September 2014

Comment

Annex by Navkar Associates offers 3 BHK residential apartment from 1400-1776 sq-ft. and the price per square feet is Rs. 6300.

No, it is G+4 story apartment consists 10 units. There are only one lift in it.

Sneha Ambedkar, Pune

26th September 2014

Chinchwad comes under PCMC. It situated on the old Mumbai–Pune Highway in the heart of Pimpri-Chinchwad which is one and a half hours from Navi Mumbai.

Navakar Annex is a PCMC approved project and all the necessary approvals are in place. But they are waiting for the bank approvals as the paper work has done.

Sneha Ambedkar, Pune

26th September 2014

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