India was hit hard by Covid-19 during the dreadful second wave but the hope of economic recovery was underway. The Central and State government’s annual budget had considerable focus on rebuilding the economy. Pune was not left behind for the same. Cities like Chakan, Talegaon, Ranjangaon and Nagar Road received maximum attention from the year 2021 onwards.
The most affected industry was the hospitality industry and so were we, Monarch Group of Hotels. But we didn’t lose hope like the nation and worked on growing strategically in line with industrial areas. We researched the areas with Industries and decided to have our corporate properties in these areas to cater to the needs of employees and staff working in these Industries.
With increasing manufacturing activities, industrial and warehousing space absorption has risen in the city of Pune. The Pune market witnessed a 50% increase from 2020 to 2021. On the supply side, the city witnessed completion of 4.4 million sq.ft in 2021, of which over 83% supply was witnessed in the Chakan- Talegaon micro-market. The Chakan- Talegaon micro- market accounted for 67% of the total industrial absorption witnessed in the city. Undoubtedly to cater to the needs of Chakan and nearby areas we launched our Properties in Chakan and Baner namely The Monarch, Serenity by Monarch and Monarch Montvert.
We genuinely believe that if you have the willpower to grow, you will grow despite hurdles and obstructions. Covid-19 was a huge hurdle on our way but our strategic planning and determination helped us to grow in the MIDC areas of Pune like Chakan, Baner and Viman Nagar. We are also coming up with our new property in Ranjangoan to cater to the needs of Corporates there.
With Monarch Group of Hotels, we know we are likely to grow wherever we go as we have confidence in our service and planning. If you are looking for a corporate Hotel in Pune don’t hesitate to book Us and experience the unwavering desire to serve our customers at the end of ‘Where Hospitality Matters’.