Kishor Pate, CMD – Amit Enterprises Housing Ltd.
Pune’s rapid urbanization causes new areas to spring up as real estate destinations with every passing year. Simultaneously, the city’s population itself is becoming more and more homogenized, with traditional value systems giving way to a more modern, all-encompassing outlook.
Pune is witnessing a very high rate of cross-border cultural exchange, with an increasing number of its citizens traveling abroad even as more and more international tourists explore the city each year. The IT culture, glitzy shopping malls boutiques offering the latest in global fashion trends and international schools are all part of this process of cultural homogenization.
Nevertheless, the old Pune – the city which holds on to its traditional values and outlook – continues to exist. It is less visible today than it was just ten years ago, but the spirit of Punyanagari lives on in its core areas. Sahakar Nagar is perhaps the prominent of these strongholds.
In fact, Sahakar Nagar represents a unique balance because it has retained the city’s traditional culture and sophistication while at the same time evolving to keep pace with the times.
From the outside, the tranquil dignity and old-world charm of Pune’s most exclusive and desirable residential location gives no visible indication of change. Nevertheless, Sahakar Nagar as a real estate location has been seeing a constant process of reinvention.
The inherently high economic profile of this area has ensured that old residential buildings have been constantly redeveloped. This is largely because Sahakar Nagar’s elite residents themselves have a stake in preserving the ethos and viability of this locality. As a result, Sahakar Nagar has shown none of the signs of urban decay so common to most other areas where no new development is possible.
In fact, the past few years have seen no new residential developments at Sahakar Nagar because of the lack of land. Redevelopment and up-gradation of existing buildings is largely being undertaken by the area’s own HNI stakeholders. Against this backdrop, Amit Enterprises Housing Ltd is now developing what will literally be Sahakar Nagar’s last addition to this exclusive landscape.
Arcadia, in the final stages of completion next to AEHL’s previous project 9 Green Park, is spread over 4.3 acres of Sahakar Nagar’s most spectacularly beautiful hilltop location.
Comprising of two high rise towers of ultra-luxury living spaces, each supported by multi-storeyed reserved parking, Arcadia will deliver 62 apartments to Pune’s most discerning home buyers in the city’s most aspired-for residential location.
Arcadia is the final brush-stroke on a priceless masterpiece called Sahakar Nagar – a location that always has, and always will, capture the very essence of all that is truly Pune.