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The Pride Group has launched Pride World City, a mega township at Charholi, near Pune.
Spread over 400 acres, the development of the city and infrastructure involves a total investment of Rs 6,500 crore.
“Charholi’s unmatched environmental attributes prompted us to create Pride World City here,” Arvind Jain, Managing Director, Pride Group, said.
The city is divided into 14 sectors and will have 25 million square feet of built-up area, of which 20 million sq ft has been allocated for 20,000 residential units - 1-4 BHK ultra-modern apartments in towers ranging from 12-30 storeys, as well as marina-facing bungalows.
Pride World City's first phase will be ready for possession in two years. Simultaneously, two phases will be constructed every year, and the project is scheduled for completion in 12-15 years.
“PWC will generate employment for 15,000 people per year and will house 1.5 lakh people, of who 80,000 will be residents, while the others will be working professionals,” Jain said.
The current sale price for the project is Rs 4,500 per sq.ft..
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