Track2Realty: Pride Group has launched its mega city township Pride World City (PWC) at Charholi, near Lohegaon airport, Pune. This integrated township is being developed on a sprawling 400 acres of land at one of the most promising real estate locations in the city.
Pride World City is being developed with investments of Rs. 6,000 crore in construction and an additional Rs. 500 crore in infrastructure. PWC falls within the jurisdiction of the PCMC and claims to be the largest real estate development in the region to date. Apart from its proximity to Pune Airport, this mega city also benefits from its location along the proposed Ring Road, which abuts the north area of the project.
“This 400 plus acre project is being created against a backdrop of picturesque mountains and valleys and bracing greenery,” says Arvind Jain, Managing Director, Pride Group. “The view is further enhanced by this township’s multiple water collection ponds and an unbroken vista of open skies. At Pride World City, we have created the ultimate integrated township with cutting-edge independent infrastructure and ultra-modern facilities and amenities in the midst of an unpolluted environment. In fact, it was Charholi’s unmatched environmental attributes that prompted us to create Pride World City here.”
Pride World City’s nature-inspired integrated master plan is divided into 14 Sectors offering a wide range of residential homes and commercial properties. The project includes a full-fledged IT Park and offers IT as well as non-IT office spaces to provide a self-sufficient economic dynamo as well as the ultimate walk-to-work lifestyle. In addition, Pride World City will include best-in-class social Infrastructure via modern retail, leisure, sports facilities, schools, hospitals and spiritual spaces.
The world-famous D Y Patil Knowledge City is located right besides PWC; with the addition of more educational institutes, PWC is all set to become the definitive education hub of Pune. PWC encompasses 25 million square feet of built-up area. 20 million square feet have been allotted to residential property developments consisting of 20,000 units.
The residential offerings include 1-4 BHK ultra-modern apartments in towers ranging from 12-30 storeys, as well as lavish Marina-facing bungalows. The balance 5 million square feet will account for commercial spaces that will include a Business and Tech Park, a mall and multiplex, a 5 star hotel and IT SEZ, among others. PWC’s first phase will be ready for possession in two years’ time. Simultaneously, two phases will be constructed every year, and the project is scheduled for completion within 12-15 years.
“PWC will generate employment for 15,000 people per year and will house 1.5 lakh people, of whom 80,000 will be residents while 70,000 will be working professionals”, explains Arvind Jain. The current sale price is Rs. 4,500/sq.ft.and is expected to rise to Rs. 10,000 per sq.ft. over the duration of the project.
