Over the past few years, Thergaon has transformed drastically. Initially, it was nothing more than a hamlet with very less facilities in terms of infrastructure and entertainment. However, now it is coming up in a big way as an ideal place of residence with not only good infrastructure and connectivity but also adequate educational and medical facilities.
Thergaon is also become popular because it is in close proximity to IT parks as well as other commercial areas. Arun Gupta, Director, Arun Developers, says, “We launched our project in 1998 since it has close proximity to Chinchwad, Hinjewadi and other commercial areas and we saw a lot of opportunities in this area.”
Avers Sanjay Bajaj, Managing Director – Pune, Jones Lang LaSalle, “Wakad and the Hinjewadi Software Technology Park lie at a convenient distance from Thergaon along the Pune-Mumbai Highway, bestowing their various benefits as well.”
According to him, in the real estate terms, Thergaon being unsaturated and relatively free from congestion, offers a pollution-free environment, spacious living conditions and affordable land rates and is the latest rising star of Pune.
He adds, “Now that most of the urban areas within the city have reached saturation point, it is the suburbia and outlying localities that are receiving increasing attention – Thergaon is amongst the most favoured ones.”
According to Anil Kawle, Proprietor, Mr Broker Online, the prevailing residential rate in Thergaon, is approximately Rs 3,800 per sq. ft.
Thergaon is now considered as an optimal location for buying home not only from investment perspective but also with the idea of buying a home for living. Bajaj says, “This is a ‘have-your-cake-and-eat-it-too’ situation that is not available often on the property market. The pace of development in Thergaon is carefully controlled. Only residential and commercial projects that fit well into the overall master plan are encouraged. From both an investment and home-buying angle, localities like Thergaon make eminent economic and aesthetic real estate sense.”
Gupta also believes that the development in Thergaon is systematic and not haphazard considering significant growth in terms of infrastructure development and other facilities. The working class community mostly dominates this place.
Thergaon is a perfect blend of good entertainment options, health facilities and sports clubs too. It has concrete roads and adequate water supply too. This place has the only boat club in Pimpri Chinchwad Municipal Corporation (PCMC) besides a number of gardens and play grounds in the area. A lot of people go for a walk near the Shivaji Maharaj statue at Dange Chowk. The place also has Dilip Vengasarkar cricket academy ground which is one of the best compliments to the cricket lovers. It also has one of the best multi-facility hospitals in Pune, Aditya Birla Hospital, besides several other comparatively small hospitals.
While places like Chinchwad, Aundh and such other places are over-crowded and polluted, Thergaon offers relatively good residential options. Bajaj says, “What these places lack is adequate residential ambience. Since the accent is on industrialisation and its many needs, finding a home on par with contemporary living standards is almost out of the question.”
In such a conundrum, Thergaon offers the ideal solution. With easy access to the commercial areas, it remains inherently peaceful, free of excesses and highly affordable.
On a similar note, Kawle says, “This area is mainly well known for its close proximity to IT Parks and other commercial areas and peaceful environment compared to the neighbouring places of Thergaon. It is also in close proximity to the Mumbai Pune express highway.”
Shabnam Javed Tamboli, a resident of Thergaon, finds it an ideal place in Pune to reside. “When we shifted to Thergaon, the area was not well developed and was comparatively cheap,” she recalls. “Besides, my husband’s work place is very close. Though there are not too many facilities available within Thergaon, I love this place for its peaceful environment. Entertainment facilities are developing at a fast pace but for now entertainment options are available at a distance of mere 5 to 6 km from Thergaon,” she says.
The residents of the vicinity are also happy with the education, transport and medical facilities. For transport facility, bus, six-seaters and auto-rickshaws are available. There are enough educational institutions and medical services available in Thergaon. Also, there are many famous schools like New Sinhgad School among others and also some municipal corporation schools. Also it is in close vicinity to established reputed educational institutions like NICMAR, Symbiosis Institute, D.Y Patil College and Mercedes Benz International School.
Bajaj concludes, “Numerous notable builders are taking an active interest in establishing projects there, and the future of this charming little locality is as bright as that of Wakad, Pimple Nilakh and other outlying areas of Pune.”