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Industrial sector eyeing at Pune Realty market

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As per the sources available to www.propertykhazana.com, Shortly Pune will be getting the main refurbishment with redevelopment of its Industrial townships Pimpri and Chinchwad into an elite housing locality for the young professionals. Few years ago, Pimpri-Chinchwad and the localities in neighborhood comprised as the industrial centre of Pune and the renovation was assisted by the development of larger industrial places at Talegon-Chakan and the road ahead is Mumbai where big manufacturing units have now appeared or below the development phase.
Renovation of all places is a direct result of the altering economics and market dynamics and for instance, the credit of the victorious alter in Central Mumbai will go to the textile mills. Usually, industries slight down the places which are assured to the low cost of production, as the most industrial units stay in their current places and they open the value of their property, said Lalit Kumar Jain, Chairman of PBAB to the www.propertykhazana.com.
Pimpri-Chinchwad will no longer enjoy the similar bond of being a cobalt band township; apartments here will be accessible for Rs. 2500 per Sq.ft on average with some other areas of Pune. Procedure of renovating Pune is actually noticeable along the NH-4 through Pimpri and Chinchwad and some companies have the facades on Highway and gazing ahead on the forecast of redeveloping their property alone or in JV with others. Further the source added at the www.propertykhazana.com that Finolex industries is selling its 78 acres of the property for 300 Crores as Finolex Cables with facades on NH-4 and the company might put its 12 extra acres for auction, said PP Chhabriaan, Chairman of Finolex Industries to www.propertykhazana.com.
Source: NBTVLIVE

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