Moshi is located at the intersection of the Pune-Nashik National Highway (NH) 50 and the Dehu-Alandi road which is quite close to the Pimpri Chinchwad area as well as the Bhosari and Chakan industrial belt. Alandi, the popular pilgrimage destination, is about 10 km from Moshi.
One of the major developments, which are likely to change the face of the entire locality, will be the coming of the Pune Metro which will connect Moshi to the New Pune International Airport. This green field airport project is coming up near Rajgurunagar which is about 40 km north of Pune. Though this project has been delayed, real estate strategists say that the price of land along the metro line and where the metro station is likely to come up will appreciate.
Another development which will boost economic activity in the area will be the Pune International Exhibition and Convention Centre (PIECC), which is being developed by the Pimpri Chinchwad New Town Development Authority. This Centre, which will be spread over 240 acres, is slated to be one of the Asia’s largest industrial convention centres. This convention centre will bring in a lot of MICE (meetings, incentives, conferences and exhibition) traffic into Moshi, which will lead to the development of business class hotels of all categories: entertainment, retail and restaurants. In the first phase about 75,000 sq m will be developed at an estimated cost of Rs 430 crore. A five star hotel, golf course and a retail mall are also being planned. Grand plans aside, this project have also been delayed. But once up and running, the Convention Centre is likely to catalyze the entire area around it.
One sector that will gain tremendously from the Convention Centre will be the automotive industries in the Pimpri Chinchwad industrial belt. It is expected that the Centre will host a number of national level automobile conventions, conferences and exhibitions. Moshi is also near the Chakan industrial belt which has many multinational companies such as Mercedes Benz, Volkswagen as well as a national giant like Mahindra & Mahindra. The Talawade IT Park is also close by. What will interest many in the real estate industry is that large parcels of land adjacent to the PIECC has been offered to private builders to construct residential and commercial space in Moshi.
Moshi falls in the jurisdiction of the Pimpri Chinchwad Municipal Corporation (PCMC) and is definitely a growth corridor in Pune. Reports say that there is constant development of infrastructure in Moshi and that the locality has been developed on the lines of Chandigarh; wide roads, green spaces, drainage and so on. Real estate gurus predict that the appreciation of residential property would be more than 10% year on year, mainly because of the superior infrastructure in this locality.
Moshi’s Spine Road, a 10 km road which connect two major highways and also the industrial belt, is a prime location presently. Moshi is considered to be an end-user market with a large number of home buyers being employed in the small scale units, and IT companies close by. While a number developers have anticipated that there would be a greater demand for quality housing, as more white collared workers come into the area, currently there is a huge demand for 1BHK apartments.
Nina Varghese for IndiaProperty.com
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