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PUNE

An Overview

Pune is the second largest city of Maharashtra State. It is the ninth largest metropolis in India. It is located at a distance of around 158Km away from Mumbai. The official language of Pune is Marathi while Hindi & Kannada are also spoken in parts of the city. The city is located in the Deccan Plateau, 1,837 feet above the sea level on the bank of Mutha River. Pune is known as the “Culture Capital of Maharashtra”. “Deccan Queen”, a name of a train that runs between Pune and Mumbai. Earlier, Pune was a green city with a hill station like atmosphere and was one of the best cities on Deccan Plateau for which it is known as “The Queen of the Deccan”.

History

Pune was formerly called as “Poona” between 1857-1978. Pune is named after a Marathi word “Punyanagari” which means “the city of virtues”. The old name for Pune was “Punya”. There are two rivers Mula & Mutha and when the Sangam of there two rivers took place, it was called as Punya. Pune became the political centre in the 18th Century as the seat of Peshwas who was the PM of Maratha Empire. The neighbouring districts of Pune are Ambegaon, Baramati, Bhor, Daund, Haveli, Maval, Mulshi, Purandar, Shirur.

Economy, Industry and Employment

Pune is known for its

• Education
• Manufacturing
• Information Technology

Pune is the sixth highest per capita income in the country. Pune has the “Kirloskar Brothers Limited” which is one of India's largest manufacturers and exporters of pumps. The Automotive companies are

• Tata Motors
• Mercedes Benz
• Bajaj Auto
• Mahindra & Mahindra
• Force Motors and more.

Pune is described as India’s “Motor City”. It is also the largest hub for German Companies.

Key Projects

• ARG Eastern Elegance
• Puraniks Aldea Espanola
• Godrej Rejuve
• Unicorn Nisarg Belrose
• Sobha Orion
• Unicorn Nisarg Belrose

Demographics

The total population of Pune according to 2011 census is 3,124,458. The average literacy rate of Pune city is 86.15 per cent of which male and female literacy was 90.84 and 81.05 per cent. The sex ratio of Pune city is 915 females per 1000 males. Children from 11.72% of the total population of Pune City.

Information Technology

Pune has many tech parks of which the biggest tech park is the “Rajiv Gandhi Infotech Park” which is located in Hinjewadi. Various IT companies have been developed such as Infosys, Calsoft, Persistent, IBM, Wipro, Canbay, L & T Infotech etc. Pune as a new hub has emerged for new tech startups in India.

Connectivity

Roads

Pune is connected to other cities by Indian Highways

• NH4-Mumbai, Bangalore
• NH9-Hyderabad
• Nh50-Nashik

The highways served by Pune are

• Pune-Satara Highway
• Old Mumbai-Pune Highway
• Dehu Road-Katraj Bypass

In 2002, a six-lane expressway was built which is the “Mumbai-Pune Expressway”. The buses that run in the city are operated by the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) and PMPML is operated by Rainbow Bus Rapid Transit System. The state transport buses are operated by the Maharashtra State Board Transport Corporation (MSRTC).

Rail

The main Railway station is the Pune Railway Station. There are around 225 trains that depart from Pune. Pune Suburban Railway is operated by Central Railways with two routes, one is from Pune Junction to Lonavala which is connected with 18 trains and the other is from Pune Junction to Talegaon which is connected with 5 trains. The rapid transit system, the Pune metro is still under construction to the cities Pune & Pimpri Chinchwad. As of March 2018,

• Line1- (Pimpri Chinchwad - Swargate)
• Line2- (Vanaz - Ramwadi) with a stretch of 31.25km by Maharashtra Metro Rail Corporation Limited(Maha Metro). These two lines are expected to be operated by 2021.
• Line3- 23.3km between Hinjewadi and Shivajinagar.

Air

Pune International Airport is an airport at Lohegaon operated by Airport Authority of India. Its runway is shared with the neighbouring Indian Air Force base. The proposed International Airport is “Chhatrapati Sambhaji Raje International Airport”.

Existing Infrastructure

Education

Pune is known for its education. Pune is referred to as the “Educational Capital of India”. As there are many well-known educational institutions, the city is also known as “Oxford of the East”. Savitribai Phule Pune University formerly called as “University of Pune” is the second largest University in India. Pune has more than ten deemed universities and over a hundred educational institutions. It is the largest centre for Japanese learning. Some of the top Universities are

• Periyar University
• Bharati Vidyapeeth Deemed University
• Pune University
• SNDT Women's University
• Ajeenkya Dy Patil University
• Savitribai Phule Pune University

Healthcare

There are many hospitals in Pune. Some of the best hospitals are

• Cloudnine Hospitals
• Columbia Asia
• Aditya Birla Memorial Hospital
• Deenanath Mangeshkar Hospital
• Jehangir Hospital
• Poona Hospital

Pune Real Estate
Pune is said to be “a property investment market”. The reason behind the real estate development in Pune is the IT industry. Pune also to become the next IT hub after Bangalore. The main contributing factors of the city are the development of infrastructure and connectivity. The city is in demand for both residential and commercial properties. As Pune is the upcoming metropolitan city, it is gaining popularity when it comes to buying property from other parts of India. As compared to other metropolitan cities, Pune is too affordable to buy a property. Some of the areas that are best in investing in the city are

• Baner - One of the best locations for investing in real estate property that lies in the western part of Pune. Investing here would be a level headed decision as you get high returns in the future.
• Kharadi - Kharadi is in demand for commercial projects and has a huge demand for ongoing projects and luxurious flats and apartments.
• Aundh - The real estate market has both commercial and residential properties. When the establishment of IT parks was leading, the demand for both residential and commercial properties was equally in demand.

The weighted average capital value for residential properties in Pune is Rs 4,500 per sq.ft with an annual appreciation ranging between 3-12%.

Proposed Infrastructure

The Upcoming Infrastructures are

1. International Airport - Chhatrapati Sambhaji Raje International Airport
2. Smart City - The Central Government has initiated to transform Pune in Smart City through Advanced Computing & Pune Municipal Corporation (PMC).
3. Metro Rail Project

Popular Areas/Localities

Some of the top Localities in Pune are Koregaon Park, Kalyani Nagar, Boat Club Road, Hadapsar, Wagholi, Kothrud, Wakad, Kharadi.

Lifestyle

The Lifestyle of Pune is growing Based on

• Luxurious Shopping Malls
• Entertainment and Culture
• Weekend Getaways
• Fitness-Gymnasium & Yoga Centers
• NGO’s
• Hospitality