Latest Answer: As rightly said by Gauri, the Pimpri Chinchwad region seems to have made this move with the view of increasing their revenue. It is one of the upcoming suburbs in Pune and has large open spaces. This has helped it to attract premier real estate developers to the region for their new projects. I as an investor would at the flip side of this, Prices are surely expected to rise in near course, so this would be the opportune moment to make an investment for the future. Take an example from my recent investment in Antheia project by Mahindra Lifespaces which is situated just a 5 minute drive from the Mumbai-Pune Highway. This suburb is located near the fast developing industrial and IT hub, so it won’t be surprising to see property in the area expand quickly.
