By Nikita Parekh
Pune the new emerging realty market
Pune is a special city. It is a seat of learning, a hub of business and industry, it has been endowed with rich culture and heritage and a fine climate, most of the year. Not surprisingly, its population has grown exponentially over the years, creating on its way, some major challenges for its future. Pune is also a very vibrant real estate market, matched by some of the finest real estate developers in the country. The face of Pune is gradually getting transformed with world class architecture and buildings. In many ways, it has not been able to display its true value and potential. The archaic land laws, conversion processes, building regulations and woefully inadequate infrastructure has not only compelled it to perform at a suboptimal level, but has, in the process, undermined its image. The real estate sector in the country, to my mind, has been a victim of lack of good governance and transparency.
Pune is the seventh largest metropolis in India, the second largest in the state of Maharashtra after Mumbai and the largest city in the Western Ghats. Pune city is the administrative capital of Pune district. Today, Pune is known for its educational facilities and relative prosperity. Pune is the cultural capital of Maharashtra. It has a growing industrial hinterland, with information technology and automotive companies setting up factories in the district. Pune is a thriving industrial centre sheltering manufacturing units of some of the most prestigious industrial houses of the world. The dynamic culture and job opportunities attract migrants and students from all over India and abroad. The growth in the city is peripheral and the driving forces for this growth are mainly the development of its IT industry as well as the economic boom in the automobile sector, which forms a major portion of the industries in and around Pune. The peripheral development has resulted in growth of the residential real estate space as well as the infrastructure and other facilities requisite for sustainable urbanisation. Pune is also ranked as a Gamma- Global City.
Pune District Population Growth Rate
The population of Pune city as per Census 20011 is close to 75 lakhs. In the last 50 years, the city’s population has grown by more than five times. The growth in population testifies to the vibrancy of its economic activity. India has a very young population with a median population age of 24 years; about 65% of the total population is less than 35 years old. Pune is also reflective of this demographic characteristic with the median age being closer to the national level. But, 62 percent of the total population is under the age of 30 years. In Pune, the 25-34 age group forms a larger proportion of the total population compared to that prevailing at the national level. It is estimated that about 50 percent of the population increase is on account of in-migration. This probably explains Pune’s relatively larger share of population in the 25-34 age groups. The economic activity on the outskirts of the city, particularly in the Pimpri- Chinchwad region, has a direct impact on the city of Pune.
Table 1. Population Trends:
Census Year Population Total Decadal Change Growth Rate(%)
|Census Year||Total Population||Decadal Change||Growth Rate(%)|
Pune District Density 2011
The size of the municipal area is about 244 square kilometers as per Census 2001. Over the years, Pune has grown considerably to reach this size. In 1961, the Pune municipal area was just over 138 square kilometers.
Pune city has a population density of 12, 000 per square kilometer as per the 20011 census.
Development of Pune as a city commenced from 1818, with the city area being just 5 sq. km. In 1987 (when the last Development Plan was prepared), the area of Pune city was 138.38 sq.km.; with the addition of adjacent villages in 1997, the current area of PMC jurisdiction is 243.96 sq km. The old Development Plan was revised in 1987. For the newly added areas, the PMC has prepared a separate new Development Plan.
Land use as per Development Plan
The combined land use distribution as per both the Development Plans indicates allocated for residential use. The land use plan indicates that about 13.04 percent of the area is allocated for transport, and 11.91 per cent is for reserved and forest areas.
Density of Slums:
The density in slums (person/sq.km.) is about six times that of the overall density prevailing in the rest of the city. The highest density is in the Warje- Karvenagar ward wherein the slum density is 23,509 persons per hectare as compared to 97 in the non-slum area. This reflects the amount of pressure on the infrastructure services and the living conditions of the slum dwellers. Such a high density also indicates high health and social costs. It is also observed that 27 percent of the city’s population resides in declared slums and they occupy only four percent of the total city area.
As per Census of India 2001
The Old city areas of Pune have housing in the form of Wada’s as these are the areas where settlements began. These parts even today are mainly residential areas in old city which now a day going through a process of redevelopment. The city is a host to many renowned educational institutes and is growing in importance as an IT hub. This has led to an increase in demand for housing for all sections of society. The demand by higher income group is normally being met by the private builders. As housing for the lower income is not met sufficiently, slums have come up all over the city.
The prominent residential areas in East Pune include Koregaon Park, Hadapsar, Kalyani Nagar and Viman Nagar. Koregaon Park is the most popular up market residential area of Pune having excellent infrastructure of retail outlets, hotels, etc. in the vicinity. This area boasts of some excellent quality constructions of apartments and row houses. Aundh to the west of Pune is mainly a new good emerging residential area. At one time, Aundh was considered the fastest growing locality in the entire Asian continent. Once a dense forest, this area now comprises of some excellent housing complexes with ample retail shops and the requisite infrastructure to service the area. Pashan is another residential area with schools, banks hospitals and some educational institutes. The prominent areas in South Pune include Fatima Nagar, Kothrud, Wanowrie and Bibwewadi. Kothrud has many residential complexes along with a few educational institutes and commercial establishment of Kirloskar Cummins. Bibwewadi is another area having a higher density of residential complexes. The dynamics of housing situation are reflected in the flow of services which accrue from a given housing stock and its temporal changes. These could be with respect of quality of shelter, size, amenities, and tenure. The chapter review of present housing condition in Pune based on available information that is Census on Houses and Household amenities and assets.