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The early eighties saw a huge exodus of intelligentsia going outside the country to try their luck and earn "dollars". Now the trend seems to reversing with many of them coming back as they find India a better location to continue their work, And Pune is one of the hotspots in the country as many Information Technologies companies spread far and wide on the global are making Pune their hub.
No doubt, Bangalore for most companies might seem the first choice, Pune has caught up with them quit fast, literally. And it has even given a good running for the other locations that are fast catching up, including Hyderabad, Chennai and Gurgaon.
So would it seems surprising if one says that around 16 million sq of IT-Its space is under construction in Pune. Demand of IT-ITES contributes to about 85 percent of the total demand has far exceeded supply for ready built, plug and play quality office space in the city And these are not all as Pune has the highest PC penetration ration amongst Indian cities 26.2 percent. It can also boat of a highly developed educational system which provides a large pool of skilled workforce, the main requirement of the IT companies. And not only that it also supplies the workforce which is domain specific and quality people. Pune begins "The Oxford of the East" has no dearth of a talent pool either. The city churns out 80,000 engineering graduates each year. There are specialized education institutes here and a large base of scientists working on research and development.
Accounting to Mr. Ravi Pandit, Vice President, Mahatra Chamber of Commerce, Industries and Agriculture (MCCIA), The coalescing of the IT giants along with good quality IT infrastructure in Pune has given a turbo-thrust to the exports from the city. Under the guidelines of the Pune IT Vision document prepared by MCCIA in 1998 the software Technology park of India (STPI) was set up in Pune with the help of MIDC The IT Parks at Hinjewadi Kharadi and Talewadi, which have been set up with world-class IT infrastructure have become preferred destination for the IT companies, Mr. Pandit said. Realizing the latent growth of the IT sector in Pune, dozen of private players like Magarpatta City, International Convention Centre, Vascon Park, Kumar IT Park and Sofotel Park have also come of in and around Pune.
The billion dollar milestone has a great significance for the city. it has clearly demonstrated that the silent endeavor of the Mahratta Chamber along with other important institutions like the STPI, PMC and PCMC have finally paid off. With many of the top companies choosing, it shows that Pune has been firmly placed on the IT map of India. I take this opportunity to compliment the innumerable people who have made this happen and I reiterate the Chambers commitment to making Pune the Software capital of Asia within this decade, Mr. Pandit Said.
Mr. Deepak shikarpur, Chairman of the IT committee of MCCIA, added, "What Pune can do has been established today, but it is only the beginning." If the city gets the backing of the political of the city. The city has over 50,000 professionals working currently and I can see the city attracting the best of IT talent very soon. I see the growth of IT in the City directly contributing growth of Pune."
And look at the real estate development. Infosys which held just 25 acres till 2003, acquired 100 acres of land during the second phase of its Infotech park in Pune. "It plans to invest Rs. 250 crores in the next few years and house an additional 5,000 professionals," says their spokesperson.
The software industry's expansion plane have triggered a real estate boom in the city. Real estate is very affordable. Facility rentals are, in places, as Rs. 5 to Rs. 50 per sq. feet. Considering the boom, commercial space prices are likely to plummet. Builders are rushing to take advantage of the 2 FSI granted for the IT sector in Pune. Pune's IT parks at Hinjewadi, Kharadi, Talewadi and Magarpatta City boast world class infrastructure. And a slew of the IT parks has been sanctioned this year an impressive eight lakh sq. feet International convention Centre; weikfield IT City Park totalling 1.2 million sq. feet; a two million sq. Kumar IT Park; a million sq. feet IT park n DSK Vishwa township. these expansion plans imply that in the next couple of years, an additional 10 million sq feet will be readied.
Today there are 1,80,000 people employed with IT and BPO firms in pune. Going by the expansion plans, the figure could rise by almost a lakh this year. Although attracting maximum investments, most of the Tier I cities have reached a saturation point in terms of infrastructure such as power, road and airports. the paucity of skilled and qualified IT professionals is also posting a serious impediment. Traffic congestion, escalating transport costs and a high cost of living are causes for concern too.
So why Pune., you might ask. Well the city offers advantage of both, a small and big city. Smaller distances ensure that logistics can be managed easily. Commuting times are financial capital of the Country. The express highway has ensured reduced travelling time between the two cities. the clearance of an international airport in Pune means it'll soon be directly connected with the world.
Pune has undergone a metamorphosis from a city of decrepit wads (ancient house from the Peshwa era) to a city of suave IT parks. It boasts of a high standard of living. And yet the cost of living here is nearly 40 per cent lower that a city like Mumbai. There's a new cosmopolitan culture here. A mail and multiplex culture. A lifestyle to celebrate. There's the Kentucky of a sum platoons. And Gold Adlabs. All emblematic of a sumptuousness in a city that had earlier earned itself the sobriquet, "Pensioner's Paradise" for its sedate pace of life and simple lifestyle. it's slowly emerging as a city of dreams. A city where the bourgeois is given the prospect of a very good life, at an affordable price.
Pune should capitalize on the fact that Bangalore and other Tier I cities have reached saturation point. just fathom this: "In Bangalore, it used to take 10 minutes to travel from the Taj Hotel to the Airport, 10 years ago. Now it takes one hour and 10 minutes. But I also fear that Pune might slip too, just like Bangalore," he says. "Infrastructure must be a priority for the Government of Maharashtra to maintain the thrust of IT exports out of pune. We should merge Pune, Mumbai and Navi Mumbai becouse of the combined entity, 'Pumbai', as I suggest, could stand up much better against Bangalore. Pune not being the State's capital has its own drawbacks. the city should have its own guardian IT Minister from the government to take care of the infrastructure problems. We need a 24-hour airport here. If infrastructure issues like road, transport and power are taken care of, nothing can stop Pune from being the 'Hannover of Asia'."
Despite all its problem. Pune Still poses stiff competition to all other Tier I cities. According to NASSCOM, Pune is numero uno in terms of growth percentage. It has witnessed a near 40 per cent growth this year, when the industry average is just about 30 per cent to 35 percent.
Pune's story of technology achievement is a beacon for several other small Tier II and Tier III cities in the country. It's an inspiration for them to expand and grow. To spearhead another technology revolution in the country. Now after IT, ITES and the BPO revolution, Knowledge Process Outsourcing (KPO) is begin touted as the next big thing to hit India. With its immense talent pool, Pune is also poised to be the next KPO hub of india. Now just wait till that happens in Pune.
The changing lifestyle of Pune citizens are being reflected in the housing industry, with developers increasingly wooing this new up market clientele with swimming pools, gymnasiums, green space and jogging tracks, among other things. Financial institution are also offering housing loans at Low interest rates. Pune has the advantages of the ideal geographical location, a cultural background, good infrastructure and huge investment opportunities. All these factors are attracting developers and buyers.
Pune has been witnessing very rapid growth since the last few years. The demand for residential units has been largely driven by the services and the I.T / ITES sectors. The state of the art facilities on offer and the easy access to educated manpower give the city edge.
Thanks to the improving infrastructure and the Expressway, this in a way has opened a new avenue for the hotel industry to grow tremendously here! It is an IT and educational base of Maharashtra. The connectivity to Mumbai makes it a preferred place for buyers. A large number of corporate are moving to Pune creating more job opportunities and making Pune a Preferred destination.
Real Estate in Pune
Pune is growing and development on the outer sector of the city limits. It's a change that is sweeping across Pune in more than one way. While unheard of destinations a decade ago are seeking unprecedented growth, there are other transformations that are taking place, as Pune gains reputation as a force to reckon with, even on the global stage.
The quality of constriction has taken a quantum leap, New project are getting increasingly plus, complete with swimming pools, health clubs and much more, designed to appeal to the young, up market professionals particularly those in the IT sector- who are increasingly making the city their home. These new home owners a generation or two ago could ever dream of. Today's projects are even designed to help beat stress, and be as intelligent as their owners. Pune has lots to and those seeking good homes can definitely find what is right for them.
Hadapser; towards the East of Pune used to be know for its Industries Estates nested among the quiet village. But now Hadapser is the new address for the most number of townships coming up in Pune. With Hadapser being also declaimed as the next Information Technology destination after hinjawadi and Kharadi , there was a need to create residential areas. The first township that took shape was Magarpatta.
There has been no water shortage problem faced by any in Hadapser, besides there are plenty of green pockets in Shivaji's Era as a spot for the travelling horse to get their shoes made. Even now we have an area known as the Nalband Complex, Which is also developing into a good residential area.
Hadapser twenty years ago was a simple farming village, which came under the Pune Municipal Corporation (PMC) in 1952. Before there was on neither proper drainage lines nor good sewage treatment lines, but in the last five years, the PMC has seen Hadapser as one of the fastest changing area with scope for development. Towards the east Hadapser still retains the green belt of agriculture, while Military base Southern Command and the racecourse dominate west. North of Hadapser is the industries area with Kirloshkars, B G shirke, Bharat Forge, Kalyani Forge and South has village like Mohammadwadi, Sasani and Handewadi.
Rahatne is yet another area which is developing on per with Wakad. Rahatne is seeing development as n next destination as Aundh Annexe. with Wakad getting recognition already, Rahatne is not left behind becouse all that divides Wakd and Rahte is Road.
Although Rahatne was getting development for the last 15 years with private small bungalows of farmers, its real development began in the year 2000, when builders began looking at Rahatne as the next possible destination after Wakad. rahtne is indeed a Prized area as it falls exactly in the centre for one. it is exactly 1.5 kms away from the expressway, close to the IT Park at Hinjawadi, has proximity to Pimpari and chinchawad, boasts of good road, infrastructure and has banks of the Pawana river and Pimple Saudagar, to its west is Hinjewadi and Pradhikaran and Thergaon, to its south is the entire military area spared approximately over 3000 acres and to its north is Kalewadi and little bit of the Pwana river.
Pune a touted destination for major IT players, Kharadi is now metamorphosing into an IT hub with a difference. The IT majors are now joining hands with builders in the city, to add comfort to their employees, and are attaching themselves with residential complexes. Kharadi was pointed as a developable area with vast chunks of batter land, which could be developed in an orderly format. looking at what the customer requirements are. for people not familiar with pune, it is located closed to new road, which are being connected by new road passing through Kharadi. Kharadi for the land development in and around the place. PMC took up the initiative as it saw a good potential for development and were also keener on private infrastructure. with the road infrastructure bringing the city closer and shortening the distances, Kharadi seems like giving developers achance to explore both commercial as well as residential opportunities.
Balewadi: Things are looking up for Balewadi as a residential area. Know to most of the Punekars for the Shiv Chatrapati Sports Complex, this area was almost lost in oblivion until the Hijewadi Software Park happened and developers starting looking at Balewadi too as an option for residential area. Another feather in the cap for Balewadi is the recent announcement of Commonwealth youth Games 2008 to be held at the stadium following which a sanction of Rs. 100 crore to develop Balewadi, by the Planning Commission.
Until now, this nondescript area was a poor cousin to the real estate area Aundh and Baner, but suddenly with these announcement. Building, builders and developers too are looking at Balewadi wit a deferent angle.
Suddenly it has become a sought after area and its proximity towards the city has become less in distance. Even when the Chatrapati Sports Complex was built in 1993, this village was still in Gram Panchayat, In 1997 it was acquired by PMC under the new fringe village, but development began only in 2002.
Bhavdhan: Perfectly nested amidst three hills on its South, East and West and scenic Pashan Lake in the North, has seen a graduate growth in form of planned development. Bhavdhan is statically located, both most well developed suburbs that is also free from illegal growth and encroachment. Even the famouse Chandani Chowk, known for romantic evening is a close neighbor to Bavdhan. The USP of this area was that the construction is a well-planned one and not haphazard.
Young couple are looking upgrades and moving into larger homes, thus also on the looking of newer bigger homes outskirts of daily city life. Almost every young couple at the safety aspects hence looking for good societies which are available now outskirts of Pune city. Wakad was infect only a nondescript village with 5000 locals, which was know amongst other villagers for its tradition and religious Jatra at the Mhatoba, Sugarcan, onion, groundnut were the preferred corp with rich black fertile soil for the farming locality in Wakad. In 1983, the Pimpari Chinchawad Municipal Corporation (PCMC) acquired fifty per of their areas. Wakad has on its West, the InfoTech Park and Highway, towards East Pimple Nilakh and Aundh, South is the Mula River and the sports city and North is towards Thergaon. Thergaon is going to be the next area to watch out for after Wakad, for all those who are thinking of investing, Might consider Thergaon, which is exactly in the centre from Wakad, Chinchawd and Aundh. Thergaon used to a small village with population of 2000 people came into the Pimparri Chinchawad Municipal Corporation on 1982. As part of the city, it was known as the outskirts of the chinchawad gaon where most of the outskirts of the chinchawad gaon where most of the changes with the doors opening for IT companies at Hinjewadi and Wakad, Thergaon is also not left behind with it carting to Software techies. As far as development goes, theragon is 60 percent development and is developing at a fast pace. Ever since Hinjawadi has happened, small area like ours are now looked out as the most prospective besides, we also have another reason to be proud of, for the super specialty Aditya Birla Hospital opened up in thergaon. Towards Thergaon's north is the Balewadi sports complex which will be hosting the youth Olympics in 2008, the prestigious and market as the next Koregaon Park, Aundh is Hinjewadi and its western boundaries is Chinchwad, the hub for all industries.
Style and urban is the way one would describe Baner. This area, once a quiet village famous for guava and berry farms, has come into the limelight after the development of the Mumbai - Bangalore bypass 1992, and the Hinjawadi IT Park. The National Games Games held at the Balewadi Krida Sankul in 1995-96 also brought it into Prominence.
When Aundh reached saturation point, Baner, along with wakad, become the most popular spot to build bungalows row houses and house and plush apartments since Pashan is mainly army area, most developers are on Sus-pashan road which is a little ahead from Pashan village. According to estate agent Dina Mody, Sus-Pashan is popular among those with low budgets, with the Pashan Lake on one side and mountains on the other, the area certainly has scenic beauty. the view of area is surrounded by Ram Nadi on the East, the Highway in the west, Pashan gaon on the south and the banner Pashan hills on the North; What more can you ask for in a residential destination! form sugarcane field to the next property destination Mundhwa has seen quite a transformation. Still considered one of the greenest spots in the city, mundhwa has a variety of advantages, including providing a feel of the forest and still being just nine km away from Pune railway station. In recent times, Mundhwa has attracted developers like Goel Ganga Group and Kumar Properties who were drawn to the serene airy spaces. Despite the development, it still retain the rustic atmosphere of a village.
Mundhwa is surrounded on the North side by the Mula Mutha River, Hadapser and the railway line in the south, has Manjri in the East, and Ghorpadi with the extensive military area as its Western border. Mundhwa's development is happening slowly and there is still scope for much more in the future.
What is the Backbone of our City:
The backbone of our city is the Social as well cultural base of the city. Presently there was news in papers about the permissible height of the building in the city. Pune Municipal Corporation's Civic Administration has proposed the height up to 100 meters i.e. now we can build nearly 30 storied buildings in & around the city. So skyscrapers can be the seen of the future.
This has started the debate about changes in sky line of the city & the concentrated load on the existing infrastructure may face. Also many are talking about the impact on overall growth of the city & on the cultural of the city. It’s the cultural part which interests me more & We will be concentrating up on the culture issue here as skyscrapers is all together different topic.
A city is recognized by the people residing in the city & not just by the monument in the city or products produces in the city. I am sure the nature a7 attitude of Pune is one of the most social as well culture oriented, that too because of the residents & their attitude. It’s one of the safest & most cultured city in compared to any other cities its size.
It feels that there must be proper infrastructure to nourish this back bone of the city which unfortunately isn't happening. A city isn't just Skyscrapers or Malls or IT parks. A city is people & their class i.e. standard of living is what matters which is offered by the city within the city to its residents. Till today the class is educated, forward looking thinking citizens but the local bodies as well the infrastructure providing auto authorities should ensure that this class remains. With the growth, all types of people are going to migrate in the city & not can afford the luxuries of the life at any price. We need to take is where unauthorized developments stares if the demands aren't fulfilled.
There always is two types of infrastructure, one is Physical such as Roads, Water, Drainage, Power etc & others is Social as all the Festival we have, Cultural programmed going on all around the years the quality of Education we have, sports facilities as well the environment we enjoy we have to provide enough space to the people to Socialize frequently & un-obstructively. We need good auditoriums, theatres where artist can perform. There isn't a single good art museum in the city; libraries once which were all around the corners of the city are vanishing. These are just some facts about the city which we should be concerned about. As these are the activities which a society need to take care of it's culture demands.
We are entering in to a new year & expecting a new civic body too as Municipal Corporations elections are due in this month itself. What I feel id mind the growth of the city then only we can keep our back bone intact.