The eighth largest metropolis in India
is also the second largest city of Maharashtra. Owing to the presence of numerous educational institutions, it is also known as the Oxford of the East. Located at 560 metres above the sea level, the city is ensconced in the Plateau. A mix of capitalism, history, spirituality and modernity, Pune
attracts professionals from across the country for work and study purposes and boasts of a rapidly flourishing real estate market. Hence, the rates of property in Pune
are also surging.
The international airport is located at Lohegaon
. A proposed international airport, which will be designed and constructed by the Maharashtra Industrial Development Corporation, will connect the city to destinations. Apart from one of the busiest railway station, the city has a robust local train network. There are plans to have a metro for the city as well. The proposed network will have several underground and elevated routes. The PMPL bus network operates in the city along with MSRTC buses. Highways 50, 4 and 9 pass through the city and Old - Highway and - Bypass are other major roads. - City Highway or Highway 50 is a part of the golden triangle, i.e. --Mumbai
- Expressway, built in 2002, has six lanes and has reduced the travelling time between Mumbai
. A ring road is also being planned to decongest roads. This construction work will be done in four phases and will cover as many as 29 villages of Pune
district. There are many upcoming flyovers in the city, which include a two-km flyover on Sinhagad road from Vithal temple in Khurd. There is also a proposal for flyover on - Road near Ghorpadi
and -Miraj railway line. An underpass at Gunjan Chowk in s area and a flyover at Golf Chowk in Yerawada
are also proposed for the city. A bridge between nagar and is under way, which will improve transportation and give a fillip to property prices in Pune
. With the developments in the infrastructure, the real estate in Pune
has been growing rapidly and is much in demand.
Homes and Living Pune
has a thriving real estate market and areas including Model Colony
and are popular because they are well-developed and offer good social amenities. Property rates in Deccan Gymkhana
are also quite high but are worth buying owing to good connectivity and infrastructural advantages. Magarpatta
is one of the hottest investment destination in Pune
owing to rapid development along with. In the western corridor of the city, Balewadi
is a rapidly emerging area due to its proximity to the software park of Hinjewadi
expressway. Therefore, Balewadi
is one of the most sought after real estate destination of home buyers in Pune
. The -Chinchwad
industrial belt is also witnessing realty growth along with Chakan
. The demand for 1 BHK and 2 BHK apartments is high in areas including Keshav Nagar
as these areas offer affordable housing. In eastern Pune
, Kalyani Nagar
and Nagar are upcoming areas with a host of projects under way. There are numerous options available for flats on rent in Pune
Real Estate and Construction
All property tax information and payments can be made online -- propertytax.corporation.org. All issues related to property tax in Pune
can also be resolved at this portal. Registering properties can now be done within 30 minutes. Thus, a boost for developers and home buyers. As per the government guidelines, the Department of Registration and Stamps has been asked to complete all registration procedures within 30 minutes. This can be done after buyers and sellers have booked registration timings online. Post-booking, both parties have to visit the sub-registrars office and get their documents in time. The system also comes with a date verification feature. Development Authority and Metropolitan Region Development Authority are major housing, planning and infrastructure agencies in the city.
In the last few years, the city has witnessed a huge population migrating here from different parts of the country. As per 2011 census, the population of Pune
was 9.4 million, which was 30.37 per cent more than in 2001. The average literacy rate in Pune
is 86.15 per cent and the sex ratio is 915 women per 1,000 men.
Municipal Corporation (PMC) looks after the civic administration of the city. It includes 149 elected members who are headed by the mayor. Development Authority and Metropolitan Regional Development Authority are responsible for infrastructure and planning of the city. - Municipal Corporation (PCMC
) is an urban agglomeration (UA) of Pune
, which is responsible for the region and surrounding zones. PCMC
provides several services to the citizens which includes water supply, sewerage and drainage, electricity (street lights), primary education and many other miscellaneous services. Similarly, there are three more administrative bodies, which look after the administration of different regions of the city Cantonment Board looks after Khadki
, Cantonment Board is responsible for administration of Dehu Road
and Cantonment Board is responsible for Cantonment.
Industry and Employment
Two industrial estates have been developed by Maharashtra Industrial Development Corporation (MIDC
) in Parvati
. The automobile sector is a major growth driver in the city. It is home to ARAI and houses industrial units of companies such as Force Motors, Tata Motors, Mercedes Benz, Mahindra & Mahindra, General Motors, Kinetic Motors, Jaguar, Land Rover, Volkswagen, Renault and Fiat, among others
. Companies like Robert Bosch, Visteon and Continental AG are located here in the auto component field along with the renowned consulting firm Frost & Sullivan. LG, Posco and Hyundai have their industrial plants here along with the Kirloskar . Pune
is a major hub for education with multiple reputed institutions and research centres dotting the city. It is a prominent IT zone and boasts of a strong manufacturing sector as well. IT Park is home to several leading companies and Microsoft is currently planning a $100-million project in this area. Pune
has its own food cluster, which is funded by World Bank for development of vegetable and fruit-processing industries. The city is a major startup and e-commerce hub with companies including Pubmatic, TastyKhana.com, Firstcry.com, Storypick.com and TripHobo.com based here. International Exhibition and Convention Centre will be completed in 2017 and will boost global trade and business. The biggest n hotspot for German companies, the city is also emerging as a hot destination for the back offices of major global banks like Deutsche Bank, Credit Suisse, Citibank and Barclays.
has a dynamic and vibrant culture of its own and is home to numerous reputed educational and research centres. There are many parks, zoos and museums in the city. It is also home to several religious and spiritual centres, including Osho International Mediation Resort, which was founded by Rajneesh. Pune
offers an easy access to weekend getaways like Lonavala
. The city is home to multiple clubs, lounges, pubs, cafes and restaurants. Barbeque Nation is one of the restaurants where you can enjoy with family and friends. There are several live music and classic performance venues in the city. Pune
is also home to multiple sporting clubs and institutions apart from possessing several shopping centres and malls. Some of the popular malls in Pune
include Phoenix Mall , Seasons Mall , Inorbit Mall , D Mart Mall and Amnora Mall . Some major attractions include Chabad House and German Bakery at.