Expanding residential footprint

Broadening industrial landscape changed the demographic and overall economic profile of Pune.
Comment E-mail Print Share
First Published: Thu, Jan 17 2013. 07 51 PM IST
Ramesh Pathania/Mint
Ramesh Pathania/Mint
Updated: Fri, Jan 25 2013. 12 51 PM IST
Traditionally, the residential areas of Pune were concentrated mainly in and around Kalyani Nagar, Kothrud, Kondhwa and the central parts of the city. However, with the emergence of auto, banking, financial services and insurance, and information technology/information technology-enabled services (IT/ITes) sectors in the peripheral areas of Hinjewadi, Pimpri-Chinchwad, Kharadi and Hadapsar, residential development gained impetus in these areas also. The broadening industrial landscape changed the demographic and overall economic profile of the city significantly and also led to an influx of skilled migrant population. Together, these factors fuelled demand for houses in the Pune Urban Agglomeration, especially in and aroundthe IT/ITeS-dominated regions of Hinjewadi, Hadapsar and Kharadi.
Crisil Research has divided PUA into nine micro-markets, namely Pimpri-Chinchwad, Hinjewadi, Kothrud (prime), Kothrud (non-prime), Kondhwa, Hadapsar, central Pune, Kalyani Nagar (prime) and Kalyani Nagar (non-prime). Hinjewadi, which is Pune’s IT hub, currently has the highest amount of supply planned at 51 million sq. ft (30%). Pimpri-Chinchwad, where auto and auto component manufacturing industries are heavily concentrated, accounts for the second largest supply of 30 million sq. ft (18%).
photo
Comment E-mail Print Share
First Published: Thu, Jan 17 2013. 07 51 PM IST
blog comments powered by Disqus
  • Wed, Nov 19 2014. 04 58 PM
  • Wed, Nov 12 2014. 05 13 PM
Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved