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%).