Pune Builders Seek Relaxing Of Construction Rules

PUNE: Responding to complaints from builders, Pimpri-Chinchwad mayor Yogesh Behl said that only the civic general body can make any change to the rules for constructions in the bus rapid transit system (BRTS) corridors.

“A delegation of 25 builders met me two days ago and said that the strict rules for constructions in the BRTS corridor have made it difficult for them to undertake construction in the corridors,” Behl told TOI.

Behl said that the Pimpri-Chinchwad Municipal Corporation (PCMC) has framed new rules for construction within 100 metres along the eight BRTS routes and four feeder routes which are called BRTS corridors.

While allowing double floor space index (FSI), the civic body also made it mandatory to double the parking space. If the area of the plot is more than 1,000 sq.m., the owner/developer will have to develop the parking area and give 25 per cent of it to the PCMC free.

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PCMC To Ask Pune Organisation To Vacate Depot Land

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) will send a legal notice to the Pune Mahanagar Parivahan Mahamandal Limited (PMPML) asking it to vacate land of a bus depot in Sant Tukaramnagar area of Pimpri following a change in the reservation of the said land.

Pimpri-Chinchwad mayor Yogesh Behl took this decision at civic general body meeting held on Friday, at the insistence of local Congress corporator Yashwant Bhosale. Bhosale also pointed out that the PMPML should shift the depot to the land given at Nehrunagar.

Behl announced the decision while ending the discussion on a proposal to give Rs 1.27 crore to the PMPML for paying salaries of its employees for the month of April.

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Affordable Housing: The New Buzzword In India’s Real Estate Industry

The new buzzword in the country’s real estate industry today is ‘affordable housing’. Developers stung by a credit crunch, besides the drop in demand for commercial spaces and premium residences in recent times, have turned their focus to the middle-class segment.

Due to weak demand in commercial and retail segments, most developers have started looking at the affordable residential segment to maintain cash flow in order to meet their contractual obligations. Further, with buyers being extremely price conscious, the demand for affordable housing is on the rise.

A Relative Term

A simple definition for affordability can be — the consumers’ ability to purchase. However, this is a relative term. The idea of affordability may vary from individual to individual as well as from place to place. For example, what is considered affordable to a home seeker in Pune may not be affordable to someone else in Mumbai.

With the common man (read middle-class segment) constituting nearly 70 per cent of the demand for housing, we shall keep our understanding of ‘affordability’ limited to that which is deduced by the aam aadmi.

Affordable housing refers to residential units offered by developers at prices that are within the budget of low- and middle-income groups of a society. The housing units should also have all the basic amenities to cater to the daily needs of the household.

Monthly carrying costs of an affordable home should not exceed 30 per cent of the household gross income. Affordability is quantified by household income and price of the product.

Demand Growth

With the ever-increasing urban population, demand for affordable housing is witnessing a constant rise. According to recent a Planning Commission report, the shortage in urban housing as on March 2007 was estimated ar around 24.71 million.

The report went on to say that this shortage would to 26.5 million by 2012. Ninety nine per cent of this shortfall comes from the economically weaker sections (EWS) and low-income groups (LIG).

With real estate players witnessing a credit crisis, several of their big projects have come to a halt. Considering the huge demand in the affordable housing segment — which is relatively insulated — developers have now increased their focus on the fortune at the bottom of the pyramid.

An estimated 450 new projects have been launched, or are expected to be launched, in the affordable housing sector from big and small developers across the country.

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PCMC Schools Told To Be Vigilant Against H1N1

PUNE: The school board of Pimpri-Chinchwad Municipal Corporation (PCMC) has sent directives to 327 private and municipal schools in the municipal limits to take measures to prevent the spread of H1N1 among students.

Speaking to TOI, Arjun Thakre, chairman, school board, said, “There has been an increase in H1N1 patients after the start of the monsoon and the patients include a large number of children and students.”

He said, “Two or three suspected cases of H1N1 were found among the students of municipal and private schools recently. The school board will be providing buckets and soaps to the municipal schools within a fortnight.”

“These have to be used by students to wash their hands. Letters have been sent to the principals of 134 primary and 18 secondary schools run by PCMC and 175 private schools to take measures to prevent the spread of H1N1 among the students.”

“A daily check-up of students should be conducted in the schools and teachers should enquire about the health of the students everyday. If a student shows symptoms of cold, cough or fever, he or she should be sent to the nearest municipal hospital for a check-up.”

He said that it was the duty of the principals to maintain cleanliness in the school premises with the help of civic employees and private contractors. The students should be given a break of five to seven minutes after two periods to wash their hands.

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Monsoon Lull Brings Dengue, Malaria To Pune City

PUNE: The Pune Municipal Corporation’s health department has recorded 26 cases of malaria and 14 of dengue barely a month after the monsoon set in. Both are caused by mosquitoes which breed in water which people have stored anticipating water cuts.

Dengue, predominantly an urban phenomenon, saw a staggering 177 per cent rise last year in the state when 2,309 cases were recorded in 2009-10 as against 831 in 2008-09. Most were from Pune, Pimpri-Chinchwad, Nagpur, Kolhapur and Ahmednagar.

Meanwhile, the civic body has decided to carry out fogging and spraying of insecticides in all the wards at least twice a week. Apart from spraying pesticides in water bodies near residential areas, fogging machines will be put to use in housing colonies. It will contain the spread of mosquitoes , Devnikar said.

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PCMC Seeks Rate Analysis From Bidder For City Centre Project

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) has directed the highest bidder for the city centre project to give a rate analysis and said that any decision regarding approval of the bid will be taken only after studying this analysis.

Addressing a news conference on Thursday, municipal commissioner Ashish Sharma said, “The bidder has to furnish the financial analysis of his bid. This should contain information about the estimated profit he expects to earn. Our financial adviser CRISIL will scrutinise the report and then the PCMC will take a call.”

The site of the city centre project is adjacent to the Kalewadi phata–Dehu Alandi road Bus Rapid Transit System (BRTS) route. The PCMC has taken a decision to allow builders to construct buildings with a maximum of 1.8 floor space index (FSI) along the BRTS routes.

The city centre project is to be implemented on a PPP basis on the open land near Autocluster in Chinchwad on a 34-acre plot. The project has been in the news for various reasons, right from its inception.

The PCMC had invited bids without the consent of the general body and, as a result, corporators cutting across party lines had objected to the process. The civic administration was forced to add some more conditions suggested by the corporators while inviting the bids.

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Ravet: A Promising Residential Destination For Pune Property Buyers

celestial-city-ravet

In a rapidly developing city like Pune, it takes a lot to make a new destination stand out from the rest – and to interest those who seek to buy property in Pune.

This city has been spreading steadily outward, embracing most of the rural areas around it and bestowing the benefits of urbanization on them. Areas like Aundh, Baner, Wakad, Pimple Nilakh and Pimple Saudagar have all had their heyday.

However, it is now the turn of the hitherto obscure area of Ravet, located on the North-West side of PCMC and Pune, to receive a wave of the real estate magic wand. By a combination of various advantageous factors, Ravet is now certainly among the most promising of upcoming residential locations on the Pune property market.

Accessibility

Developed by the Pradhikaran-Pimpri Chinchwad New Township Development Authority (PCNTDA) Ravet is extremely strategically placed on latter-day Pune’s map. By virtue of the fact that it is the first town one encounters after leaving the Mumbai-Pune Expressway, it is now known as the Gateway to Pune.

Ravet is, in fact, a confluence point of the old NH4, the Katraj-Dehu Road bypass and the Mumbai-Pune Expressway. Moreover, it is located equidistantly from two major real estate market drivers – the Hinjewadi IT hub and Pimpri-Chinchwad industrial belt.

At this strategic point, JNNURM has now launched a 45-metre, grade-separated, non-signaled four-lane BRT (Bus Rapid Transport) road that provides access to the key area of Aundh in under ten minutes. 40% of the work on this vital conduit is already completed. Pimpri, Chinchwad, Chakan and Talegaon are now quite easily accessible from Ravet.

Developer Activity In Ravet

Pharande Spaces and the Rama Group have joined hands at Ravet in launching an integrated residential township called Celestial City. Located in the focal centre of Ravet, this project is spread over 25 acres and will be developed over three phases.

Since  the current property rates in Pune tend to be unrealistically high, the highest demand is currently for affordable housing. Keeping this in mind, the first phase targets the middle-income group with 2 and 3BHK flats ranging in size from 800 to 1200 square feet. These flats are affordably priced between Rs. 22 to 24 lakh at the initial offering phase.

Taking a cue from this pioneering project, other developers have also acquired land in Ravet, although their projects are yet to be announced. Meanwhile, this location continues to hold the highest promise for the Pune property market.

Vital Market Drivers

Apart from its accessibility, which by itself spells gold in real estate terms, there are other important establishments close to Ravet that add to its value as a residential location.

These include the Aditya Birla Hospital, the Bajaj Auto manufacturing plant, SKF, Telco and major educational establishments such as the Indira Institute of Business Management, D.Y. Patil College as well as the Mercedes Benz School.

Its proximity to the Hinjewadi IT hub is of strategic importance, since this fact makes it a new and affordable residential location for software employees there. It is also a location of high value to employees from the Talegaon MIDC and Chakan MIDC. It is, in fact, a binding location for these very important hubs.

Compared to the now staggering Pune property prices, rates are welcomingly low in Ravet, and the appreciation potential is undoubtedly high. It is therefore not surprising that some major names from PCMC’s developer community have taken an active interest in this lodestone location.

We expect it to reach a high level of investment and end-user potential in less than four years, after which rates should show significant and steady upward movement.

Avinash Gokhale is Director – Marketing & Corporate Planning, Pharande Spaces – a leading construction and development firm operating in the PCMC area of Pune, India.

This article may be reprinted with proper attribution to the author and PunePropertyBlog.com

Luxe Worldwide Hotels Adds Sayaji Hotel Pune To Its Collection

The Sayaji Pune is the second property in India for the hotel representation company. The Mark Hotel in Bangalore became a Luxe Hotel member earlier this year.

In making the announcement, Efrem Harkham, Founder and CEO for Luxe Worldwide Hotels noted, “The Sayagi Hotel Pune is a great addition to our portfolio, and a natural complement to our first India hotel in Bangalore.  These hotels are located in two of the fastest growing cities in the country and in major economic and cultural hubs, offering tremendous potential in terms of travelers to India.”

Pune is the second largest city in the state of Maharashtra and one of the leading centers for the IT and automotive industries, including many of the US companies doing business in India. The Sayaji Hotel offers the finest in luxury and services for business travelers to Pune. This stylish and comfortable hotel enjoys a quiet location in the middle of the IT Park.

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PCMC To Review Water Supply On July 26

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) will hold a meeting on July 26 to review the water supply situation in the municipal limits.

Speaking to reporters here on Monday, additional municipal commissioner Subhash Dumbre said, “The meeting will review the water available in the Pavana dam and the rainfall in its catchment areas.”

Speaking to TOI, Pravin Tupe, joint city engineer, PCMC said, “There is 31 per cent of water remaining in the Pavana dam.” The dam has water to meet the requirement for 90 days. It has 8.51 TMC water, while the dead stock is 1.10 TMC.

Meanwhile, the Pune Municipal Corporation is likely to start alternate day water supply from July 23 as there is very less water in Panshet, Varasgaon, Temghar and Khadakwasla dams.

PCMC draws 380 MLD water from the Ravet bund on Pavana river everyday. In 2009 there was a long dry spell in June-July due to which the civic administration had imposed a 20 per cent water cut on July 7. At that time, the dam had 46 per cent storage.

The water cut was reduced to 10 per cent on September 15. In October the water cut was withdrawn after there were good rains in the catchment areas and the dam was filled to capacity.

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PCMC To Shift Electricity Poles For Laying Water Pipeline

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) will conduct a survey to identify the electricity poles, along the Pune-Mumbai expressway, which need to be shifted for laying a water pipeline from the Pavana dam to Ravet.

Around 15 lakh people living in the Pimpri Chinchwad township are fully dependent for water supply on the water released from Pavana dam into the Pavana river. The PCMC draws water from the Pavana river, near the bund in Ravet, and purifies it to provide as drinking water to its residents.

The PCMC has decided to lay a water pipeline from Pavana dam to Sector 23 to bring the dam water directly to its water purification plants. This project is being implemented under the Union government’s Jawaharlal Nehru National Urban Renewal Mission scheme.

The PCMC has completed the laying of the pipeline within the municipal limits. The laying of pipeline outside the municipal limits had been delayed due to opposition from farmers, who do not want to part with their land.

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