The Pune’s boundaries are growing in all directions. Another new dimension in town is that the rush of integrated townships into Pune. The city is prepared to reap a affluent harvest for those having the capability to invest and develop giant tracts of land and place within the physical and social infrastructure.
This is what the new Special Township Policy Act of the Maharashtra government stipulates. A minimum space of one hundred acre, investment in public infrastructure like sewage, water, roads – an integrated approach to development of townships to decongest municipal corporation areas and encourage new settlements within the periphery though higher FSI than what’s normally allowed within the municipal limits.
Amanora Park Town developed by City Development Corporation took off 1st with its 400-acre Rs 10000-crore township, followed by Paranjape Schemes Construction 138-acre Rs 3200 crore Blue Ridge and Megapolis, a Rs 1,500-crore 150-acre project by Pegasus Properties Pvt Ltd, a joint venture between Kumar Properties and therefore the Avinash Bhosale Group.
A real estate consultant said, that he had received clearance from the state government for 3 townships property in Pune. The primary one developing at Hinjewadi section II are going to be unfold over 124 acre. Another Kumar township developing spreads across one hundred twenty acre. The third township of a hundred and ten acre is slated to come back up in Kharadi.
The recently listed Kolte Patil Developers contains a 450-acre township at Hinjewadi with ICICI Ventures investing during this venture with a 50 percent share during this residential property in Pune.
According to state govt officers, there are a complete of thirty four residential property in Pune that applied for township standing and are into account. The majority of these project are being designed by overseas architects, have high rises and well-designed and defined areas for living, recreation, commercial area and promise of a way higher customary of living.
The Megapolis can embody a complete of fifty eight high-rises with over 5800 flats. As per the saying of Mr. Manish Jain, joint MD, Kumar Properties, the landscaping of their residential property in Pune are going to be the USP. Amanora is talking of setting its own railway station, excluding making a completely intelligent town with use of hi-tech within the entire township of 16000 flats.
All this can be fully modified Pune’s landscape and would mean a brand new lifestyle for lakhs of individuals who can afford to purchase these living areas. Pune is predicted to feature an estimated sixteen million sq ft of economic area over coming 5 years. IT/ITES sector would be the foremost growth driver and would account for over eighty per cent of this provide. The report additionally points out that primarily based on this commercial real estate supplies, it’s estimated that new employment for concerning 170,000 would be created. It additionally noted that rise in employed would slip for a three-fold derived demand for residential area, approximately forty eight million sq ft.
Within the residential property, there’s the emergence of a brand new trend of integrated township promoting the walk-to-work culture. He noted that the residential property in Pune continues to stay stable each in terms of rentals and capital worth. Wanowrie is rising as a brand new mid-range residential location because to factors like accessibility to business hubs and straightforward access to social amenities. Areas like Kalyani Nagar, Koregaon Park still be the foremost expensive location in Pune.
Within a township you’ve got all of your desires taken care of, like recreational facilities, colleges and schools are within reach, hospitals, banking facilities and shopping markets too are within the vicinity. There is lesser pollution, the surroundings are good to live and therefore the most significant issue that there’s safety and security.
Nanded town could be a 700-acre township situated on the Pune-Sinhagad Road, to be designed at a price of Rs 9-10,000 crores. The township can boast an animation and gaming park unfold over forty acres. It’ll comprises four zones – residential district, amenity district, commercial district and destination center.
This township too has been conceptualized on the lines of Magarpatta and 250 families with 1000 beneficiaries are created stakeholders within the township in lieu of their land. Our company can manage the township and have a tendency to place in along all the items that we experimented in Magarpatta. At this point we have a tendency to concentrate on the opposite aspect of IT and giving additional importance to Gaming and animation trade concerning forty acres since the whole trade is willing to go very far that this stream and India is turning into an enormous hub for gaming and animation.