In modern times, Pimpri-Chinchwad (PCMC) is considered one of the fastest growing cities in India, driven by its flourishing industries, expanding infrastructure, and well-planned residential communities. The area was quite different, however, almost 30 years ago.
For example, some of the popular areas in the area, such as Pradhikaran, Ravet, Punawale, Moshi, and Spine Road, were still in the process of development in the early 1990s. Infrastructure was present in fewer numbers, housing options were limited, and most home buyers wanted established areas in Pune. Many people saw uncertainty in such new spaces, but Pharande Spaces saw a longer-term opportunity in these new spaces.
Founded in 1994, the company started with a mission to develop purposefully designed communities that would evolve over time in conjunction with the city. It did not look solely at the existing areas but believed in the future of the PCMC area and how it could become one of the top residential areas in Pune.