Rainwater Harvesting: Not Just an Option but A Necessity

Anil Pharande, Chairman – Pharande Spaces

In a land-locked city like Pune, the value of water is inescapable. Factors such as climactic changes happening at a national and global level are causing water levels to fall. Overpopulation has resulted in more and more acquisition and development of land – and, even worse, for landfills, cutting back on water bodies that were once available and accessible.

Deforestation has further compounded the deficiency of water, as this causes regional rain to eventually become unpredictable. Several areas are critically affected by a dearth of usable water – a city like Pune is, actually, a prime example of the happening throughout India.

More and more of the world’s burgeoning populations will be moving to urban areas in the years to come. As a result of accelerated property development in our cities, the greatest requirement for critical resources such as water is focused in urban areas. As a consequence, multistory residential complexes are being constructed at an extremely rapid speed.

The earth’s surface is 70% water; yet, very little of this is actually usable or drinkable by humans. It is very likely that we will shortly reach a stage when the quantity of useable water present on the earth’s surface isn’t sufficient to satisfy all of the requirements of the development occurring to accommodate the growing population.

Rainwater harvesting is the solitary realistic option to counter the growing menace of rapid water depletion – and this real and present option is definitely catching on in our cities. Rainwater harvesting involves accumulating, filtering and storing rainwater to be utilized for assorted industrial and residential purposes.

Rainwater is a clean, free source of potable water. Rainwater harvesting used in residential properties, which involves trapping rainwater from roofs and directing it into underground storage tanks or cisterns, can satisfy 50% of a regular family’s water needs.

The truth is, rainwater harvesting isn’t just a strategy to make maximum use of the natural resource – it also has minimal environmental impact. Naturally, it leads to substantial price savings on recurring water charges in residential buildings. In a city like Pune, a huge number of residential societies are dependent on expensive water tankers which extract ‘hard’ water from borewells – a process which further depletes ground water levels and causes all kinds of associated problems to the environment.

Urban water supply calls for pumping stations in addition to putting up treatment plants and supply conduits. With the rate of increase in urban population, city planning authorities cannot match utilities in the majority of Indian cities. Engineers and geologists are constantly fighting to discover new sources of water.

With borewell shafts going deeper as the hunt for more water continues in cities like Pune, water supply can actually be significantly supplemented by rainwater and decrease the pressure on the usual water supply.

When rainwater is harnessed in a housing complex, it can be utilized for assorted non-drinking functions that call for substantial volumes of water. Because rainwater can complement the traditional water supply system, this means considerably reduced utility bills.

Rainwater harvesting is equally appropriate for large manufacturing units that use up substantial amounts of water. Such industries can reduce the pressure on groundwater by making use of rainwater for all their requirements.

A perfect fallback position

Climate change has caused significant disruptions in the weather patterns in lots of Indian cities, resulting is decreased rainfall. Rainwater can be collected, stored and used during drought seasons to complement the ordinary water supply. In cities like Mumbai and Pune, the dreaded bane of rationing and water shortage is mitigated with rainwater harvesting, which also reduces the dependence on dams and water reservoirs.

When rainwater harvesting systems are used by a sufficient saturation of residential buildings in a city, there is a substantial drop in pressure on drainage systems, thereby reducing the possibility of floods, soil erosion, and surface run-offs. Rainwater harvesting is a perfect solution especially in low-lying regions, which are usually prone to floods due to over-taxed drainage systems.

The use of rainwater harvesting systems allows groundwater levels to recharge, which in turn aids in enhancing urban greenery; in fact, this is actually the sole dependable means of having green places without leeching away from the direly needed water supplies within urban areas.

Simple to set up and use

Rainwater harvesting systems are simple to put up and operate. There is absolutely no requirement for the complicated purifying systems which need to be applied to cleanse groundwater, since rainwater is pure. Rainwater collection systems use modern yet extremely simple technology, and their care simply involves occasional cleaning of pipes and the storage tanks to ensure the rainwater gathered is not contaminated.

Actually, rainwater harvesting can be used by anyone. Installation of gutters is step one for buildings that lack them, together with a filtration system to make certain that any other sort of debris or leaves will not find their way into the storage tanks. Safety precautions include having locking bars or lids to stop the breeding of mosquitoes or other forms of pollution of the stored water. Catchment areas in a city may comprise paved regions for example roads and car parks, where water may be picked for several non-drinking purposes.

Need for more government support

Most of the municipality areas of cities like Pune have a huge number of housing projects which don’t have the required rainwater pits. In quite a few cases, the lack of space and the overall design of the project may not make rainwater harvesting pits feasible at all – but where it is possible, no effort should be spared to create them and put rainwater harvesting systems in place. New apartment projects must, of course, be engineered from the world ‘go’ to incorporate rainwater harvesting systems.

While all such measures have been implemented in the more progressive PCMC (Pimpri-Chinchwad Municipal Corporation) of Pune, the speed at which the Pune Municipal Corporation is moving on this front leaves a lot to be desired. Rainwater harvesting is a standard feature in PCMC’s large integrated townships.

As rain is becoming noticeably scantier, the government has already begun undertaking measures to encourage residential societies, educational institutions, and similar buildings to optimize water use and exercise better principles of water economy.

The rapid, yet necessary proliferation of paved areas and roads in our cities is preventing the proper percolation of rainwater into the ground, and causing water bottlenecks on the outskirts. Establishing regularly spaced rainwater harvesting pits in urban localities is definitely the way to go, and must be implemented in cities like Pune without further delay. Additionally, the city authorities must put in greater efforts to educate citizens about the benefits and implementation of rainwater harvesting.

About The Author:

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in West Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings. Woodsville in Moshi is another highly successful PCMC-based township by Pharande Spaces which is now in its 3rd phase.

How Infrastructure Drives Real Estate Demand

– Anil Pharande, Chairman – Pharande Spaces

All property investors are familiar with the phrase ‘market drivers’, which has become one of the most utilized terms in real estate investment. What exactly are market drivers? They can be explained as advancements within a region which boost the overall worth of the location, and the desirability associated with residing there. It is a well-established fact that the infrastructure of an area is a key criterion for home buyers, and therefore property investors.

Infrastructure has numerous types. For instance, roads are considered key infrastructure, as they enhance the connectivity of the area. There is also civic infrastructure, which involves the availability of public services in the region. In India, the primary aspects covered under civic infrastructure are reliable water and electricity supply, without which an area falls flat as a residential location and therefore as a real estate investment destination.

infrastructure3

Then there is the factor of social infrastructure, which accounts for the liveability of the area. At the most basic level, civic infrastructure will include public transport and shopping outlets, but educational institutions and hospitals are also important. People expect to have colleges, schools and healthcare facilities close to where they live. Therefore, the level of saturation of social infrastructure will play a big role in the overall value of the location as a residential and investment destination.

The global standard for urbanization which is evident in most developed countries is that all or most of infrastructure required to make an area livable and desirable as a real estate destination are set up prior to or opening it up for large-scale real estate development. This is because efforts to put the necessary infrastructure in place retrospectively results in inconvenience to the existing population because of decreased public mobility during construction of such projects.

Retrospective construction of infrastructure projects also pollutes the environment during the actual construction process, and this is nothing but bad news in an area which is already inhabited.

Creating the infrastructure which is required to make a location liveable and also supportive to various economic functions can be compared to creating vast green cover in an area . In both instances, there is a primary requirement of adequate space. Another vital factor for successful infrastructure creation is time. In the case of trees, the root systems must be given adequate time to penetrate deep enough to provide anchorage as well as access to deep-lying groundwater. Similarly, infrastructure must be given enough time to be deployed, become functional and start servicing the area properly. Without space and time, both forestation and infrastructure creation become futile exercises.

infrastructure

If we take the cases of Pune and the adjoining Pimpri-Chinchwad Municipal Corporation (PCMC), we see a vast difference in successful infrastructure deployment. In Pune, the PMC has been unsuccessfully trying to provide retrospective infrastructure support to its massively congested and largely dysfunctional city areas.

Almost every new infrastructure project in Pune is hotly contested by local political parties and becomes road blocked by bureaucratic red tape. One of the reasons is that these projects affect already populated areas, which represent vote banks. The result is that most of these projects take ages to be built, and many are eventually shelved altogether.

The advantage that the PCMC has enjoyed is that it follows a proactive rather than reactive approach to infrastructure creation. In other words, massive Greenfield areas are taken up by the town planning authorities for infrastructure creation, and only then  opened up for further development by private builders. This has resulted in extremely viable, plug-and-play residential neighbourhoods and commercial districts which start delivering the goods from day one.

This proactive approach to infrastructure has earned PCMC the distinction of being one of India’s most sought-after destinations to live and work in. PCMC’s superior infrastructure has attracted the highest number of multinational companies and industries to the region, and this has also led to the highest rate of employment creation in PCMC. As a result, the Pimpri-Chinchwad Municipal Corporation has emerged as the most preferred city for home buyers who are looking to live close to where they work – and simultaneously enjoy a superior quality of life.

About The Author:

Anil PharandeAnil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings. Woodsville in Moshi is another highly successful PCMC-based township by Pharande Spaces which is now in its 3rd phase.

PCMC’s Integrated Townships: Redefining Traditional Luxury

– Anil Pharande, Chairman – Pharande Spaces

Indian luxury real estate is in rapid evolutionary mode, and few of the previously accepted definitions of a luxury home have stood the test of time. For luxury home developers, the challenge has shifted from offering a number of attractive add-ons to providing a well-rounded residential experience that transcends luxurious exteriors, interiors and amenities.

Luxury townships are the obvious answer to the questions today’s buyers are asking. They are not looking for mere glamour – because of the mounting challenges of urban life in cities like Pune, they are also looking for superior infrastructure, cutting-edge security and project management and a walk-to-work option. These are obviously not an option in standalone luxury buildings – nothing less than a fully integrated luxury township can provide such advantages.

puneville2

A number of Indian developers who previously specialized in traditional luxury residential projects – one or two snazzy buildings in a tony part of town where ‘address value’ accounts for a massive price premium – have therefore shifted their focus to the township format. This is because luxury living in today’s context is a 360-degree lifestyle equation which cannot be limited to elegant superficialities.

The buyer profile for integrated luxury townshipspuneville is also different today. These are not HNIs hailing from families with protracted histories of wealth – they are young, self-made entrepreneurs, the corporate upper management cadre and high-placed Information Technology professionals.

This new breed of luxury home buyers is not swayed by impressive addresses and the other factors which dictated how luxury was interpreted in the past. They are looking for the aspects that spell genuine luxury today – convenience, safety, reliable water and electricity supply, modern recreational facilities, on-the-spot availability to essential services like hospitals, schools and shopping, and good internal and external connectivity.

punevilleThey will not spend their hard-earned money on an expensive location but invest in a superior living experience for themselves and their families. Moreover, the traditional CBDs of cities like Pune are no longer the areas which yield the most lucrative jobs – the IT and manufacturing hubs in modern satellite cities like the Pimpri-Chinchwad Municipal Corporation (PCMC) are the next employment hotbeds which are driving both the demand and trend for high-end homes.

This luxury home buyer demographic is highly tech-savvy and environmentally conscious, and attributes a lot of value to ‘smart’ and ‘green’ features – not only at a residence level but at a project level. Again, this is only possible in integrated townships, and this is what has spurred the growth of PCMC’s ultra-modern townships over the last decade.

These townships offer their residents:

  • Broad, well-lit internal roads
  • 24×7 water and electricity supply
  • Multiple user parking per unit
  • Multi-level security
  • Green open spaces
  • Conveniences  such as shopping malls, banks, schools and hospitals within the project
  • Easy connectivity to other parts of the city
  • Modern recreational facilities

The best integrated townships also include high-grade commercial spaces and give residents the ultimate luxury – the walk-to-work option. Obviously, this new definition of luxury living provides a stark contrast to the traditional concepts of luxury homes, which was usually tied to a vanity address in an exorbitantly pricey location. Though older luxury buildings in the core areas of cities like Pune are invariably redeveloped into luxury skyscrapers, there is nothing that can be done about the fact that the locations themselves are cramped, polluted, devoid of support infrastructure and often hemmed in by slums and tenements.

While the window view from a luxury home in such a setting is usually one of chaos and urban decay, the corresponding view from a home in an integrated township is one of greenery, orderliness and unpolluted air. No wonder, then, that the younger and smarter generation of luxury home buyers today prefers the benefits of contemporary luxury far away from such areas. Integrated townships are their obvious choice.

About The Author:

Anil PharandeAnil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings. Woodsville  in Moshi is another highly successful PCMC-based township by Pharande Spaces which is now in its 3rd phase.

Integrated Townships – Giving The Village Back To Urban India

Anil Pharande

Anil Pharande, CMD – Pharande Spaces

While the concept of integrated township living is still something of a novelty in India, the concept of living in integrated residential communities is definitely not. If we look at how configurations like villages work, then it emerges that Indians have been living in integrated residential communities for a very long time indeed. Of course, integrated townships are a far more specialized and sophisticated real estate model – and one which is becoming a very important one for various reasons.

For all those who have been living in cities like Pune and Mumbai, the fact that urban life can and does become rather disconnected is not news. Since most developers will build residential projects on whatever small land parcels are available, neighbourhoods are created in a very unplanned and uninspiring manner and their residents wind up living in small, isolated pockets which are often quite far from day-to-day conveniences and essentials such as shopping centres, schools and hospitals.

Puneville2

At the same time, people are thrown together on the basis of their household budgets, which is basically what decides what kinds of homes they can buy. Those who opt for staying on rent are often transient families which do not add to the neighbourhood. Creating a sense of neighbourhood and community under such circumstances is very challenging – and because people also have the stresses of their daily work life to tackle, they tend ignore what neighbours they have altogether.

The unfortunate fact that emerges is that people can buy homes, but not a sense of community. Integrated townships, on the other hand, bring the best elements of a village back to urban dwellers. They are distinct and cohesive neighbourhoods within people can reside with a comforting sense of certainty and predictability. People who buy homes in integrated townships are not merely investing in an orphaned, anonymous set of walls somewhere in the city – which is basically all that one can expect from most residential projects in India today.

puneville3

Township residents become members of a self-sufficient residential microcosm which operates on proven fundamentals of social integration and living convenience. They enjoy all the benefits of a comfortable and secure lifestyle with the additional benefit of social ‘connectivity’ that derives from like-minded people who are willing to invest that extra bit for their families living in harmoniously balanced neighbourhoods.

The fact that schools, shopping, healthcare and public transport are readily available and accessible goes a long way in reducing stress and increasing the willingness and scope for healthy social interaction. Likewise, not having to contend with water supply issues and power outages makes for more relaxed and happier neighbourhoods.

And since integrated townships also offer parks, gardens and other places for people to meet and interact in, the stage is set for a way of life which most city dwellers in India have bid goodbye to long ago. In a very definite way, integrated townships have brought the village back in the best possible way – by allowing people to enjoy the benefits of community living against a zero-stress backdrop.

About The Author:

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings.

What Is The Ideal Time To Hold And Sell Investment Property?

Anil-PharandeAnil Pharande, CMD – Pharande Spaces
The Indian real estate market is among the most lucrative for making investments. Barring grave global crises such as the most recent one, this market will not go downhill and provide very decent returns to investors.
Before the global financial crisis (GFC) or recession that hit the world in 2008, real estate investors made great profits on properties which they had held for just few months. During the recession itself, property markets plummeted and there were no takers for real estate.
However, this was an unnatural situation – as the situation improved and things came back to normal, real estate market across the world became calmer.  In a normal market scenario, property rates rise at a steady pace and uneven or abrupt rises or declines do not happen.
Types of investors
There are two types of investors into properties – those who look at making a regular rental income and have no plans of exiting the same, and those who look for capital gains. For the latter type, earning good returns requires them to time the sale of the property well. Only when the property has seen decent price appreciation does it make sense to put it on the resale market. The question is – what is the right time to sell?
investment
Ideal time span to remain invested
This subject is incessantly debated, and there are various opinions on it. However, it is generally agreed that in normal market conditions, the real estate market should be looked at as a long-term investment bet. What this means in real terms is that a good ‘holding period’ for properties purchased for capital appreciation is around three years, with the ideal period being 3-5 years. However, it has actually been seen that the best returns on investment on properties are actually obtained in a period between 5-7 years.
Ideal time for exiting
The perfect time to exit from a real estate investment will actually depend more on one’s expectations than on market conditions. While exiting after three years should ensure decent returns on investment, one would have to extend the horizon if the expectation is for the highest possible profit.
Investors looking for the highest capital gains from their property investments should target residential projects that are under construction, rather than completed projects. The best time to invest in such properties is during the time of launch. Thereafter, while some experts feel that the best time to exit such properties is when the project is nearing completion (or latest when the developer starts handing over possession to buyers); others advise investors to target one year after possession as the perfect exit time.
Which of these horizons make the most sense will really depend on local market conditions such as demand, supply and infrastructure development of the region. Before taking a decision to either buy or sell an investment property, a thorough understanding of the current local property market is in any case de rigueur.

About The Author:

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings. 

Come Home to The 4 BHK Experience At Puneville

West Pune has emerged as a clear winner among Pune’s various real estate corridors. It is home to major global industrial hubs, with a massive representation of automotive and information technology clusters. Naturally, aspirations among home buyers in this region are high – they want the best homes in the best locations.

This is why Puneville, the luxury township in Punavale by Pharande Spaces, has now become the most preferred residential destination. This futuristic integrated township in West Pune’s most happening location is by far the most luxurious residential option for discerning home buyers. Puneville has been designed and executed in partnership with globally acclaimed architects Aedas, and is the culmination of Pharande Spaces’ ceaseless quest towards perfection in township development.

Puneville

 

As countless property buyers have by now discovered, Puneville is indeed the ultimate statement in luxurious township living. Pharande Spaces has spared no effort, expense or stretch of imagination to make it the most desirable residential address in Pune. By design and intent, Puneville is a unique creation.

Puneville consists of 16 towers, each with 23 storeys of uniquely crafted living spaces. In keeping with its elite ethos, apartments in Puneville are equipped with highest quality fittings, fixtures and marble flooring, sourced from leading manufacturers in Europe and Asia. The outdoor perfectly complements the interiors with every conceivable luxury feature, including Olympic-sized swimming pools for every cluster of buildings, landscaped gardens, tennis courts and a jogging track.

Puneville also features a completely unique sky walkway that circumnavigates the residential towers, effectively connecting all the towers to a central green area and children play zones.

Though Puneville offers buyers a choice between 2, 3 and 4 BHK apartments, the 4BHK configuration is by far the most preferred among home buyers who value privacy and spaciousness. A 4 BHK flat in Puneville is not only the ultimate address but also the smartest lifestyle choice. Today, luxury is once again about space for the entire family – space to live, space to work and space to relax in complete comfort and security.

4 BHK apartments in Puneville are fully equipped with smart home features, making life for residents literally effortless and an uncompromisingly joyful experience. No wonder, then, that this is by far the most popular choice from West Pune’s jet-setting home buyers who will not settle for anything less than 360-degree luxury.

In addition, these oases of luxury are situated in the midst of an integrated township that offers self-contained and self-sustained infrastructure as well as all the ingredients of a modern, convenient lifestyle. In fact, a 4 BHK flat in Puneville is the perfect balance of residential luxury in a full-fledged township environment in West Pune, which is now the city’s most sought-after real estate investment precinct.

Pharande Spaces is a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings. 

PCMC: Pune’s New Townships Capital


Anil-Pharande_002Anil Pharande


Townships are more than a new real estate mantra – for the larger cities in India, they are without any doubt the only remaining hope for decent living standards. Gradually but surely, residential conditions in cities like Pune are on the decline, and township properties are gaining increasing significance as the final answer to quality-based living.

In areas like the Pimpri-Chinchwad Municipal Corporation, the ‘Infrastructure First’ approach has preserved and consistently enhanced living conditions for PCMC residents. However, the Pune Municipal Corporation (PMC) has not been able to stay on top of the infrastructure situation. Traffic congestion, air, water and noise pollution and a heedless approach to development have compounded the problems on all levels.

All Eyes On PCMC

The city’s inhabitants are facing major problems with reaching emergency services and educational institutions for their children, and access to adequate parking. In this depressing scenario, the large integrated townships being developed in thriving locations of the PCMC region are the new lifestyle standard. In the PCMC, the township movement first began in areas like Moshi and Ravet, and the region’s leading developers have now launched luxury townships on Spine Road and Punavale as well.

Integrated townships have, in fact, been on the rise ever since they were identified as the most suitable residential solution by the Government’s National Housing and Habitat Policy of 1998. After this policy included townships in its ‘Housing Revolution’ initiative, the Government of Maharashtra had begun actively encouraging the development of integrated townships to reduce the pressure on urban areas and to improve infrastructure in cities like Pune.

However, such projects require large land parcels and these have been all but fully consumed in the core areas of the Pune Municipal Corporation. As result, the focus shifted to the Pimpri-Chinchwad Municipal Corporation, where land availability and superlative support infrastructure make townships a very viable proposition.

Lifestyle Aspiration Driving Demand For Townships

Today, Pune citizens’ yen for a better lifestyle quotient is leading to an increasing demand for systematic and fully-enabled residential formats. The city’s deteriorating living conditions are the prime reason why the Township Revolution is now in rapid spin.

In the integrated township format, the problems are infrastructure deficit and deteriorating living conditions are completely negated. They offer a very high grade of living conditions set to the backdrop of aesthetic environments.

Offering the township-grade facilities in smaller residential projects would involve prohibitive costs for developers – cost which the consumers would have to pay. Thanks to the economies of scale, township developers in the PCMC are providing ultimate lifestyle solutions at far more rational costs. High-quality infrastructure, open spaces and immediate access to all the necessities of daily living result in a superior lifestyle proposition, since all residents in a township benefit from one large integrated and centrally managed system.

Why Township Properties Cost More – And Why It Is Worth It

When developers offer township-grade facilities in smaller housing projects, the costs to consumers is comparable to those of luxury homes. In townships, the vast range of facilities, fully-integrated infrastructure and the availability of schools, hospitals and shopping complexes within the premises means that township properties come at a slightly higher cost than normal multi-storey apartments. However, the additional expense is vindicated by the fact that those who buy into township properties are assured of a vastly superior living standard – not to mention exceptionally higher returns on investment.

For property buyers who simply do not want to compromise on their lifestyle options, the township properties of PCMC are the most obvious solution. The direct advantages include complete security, convenience, the comfort of high-grade infrastructure and various facilities within the premises, and immediate access to retail outlets and recreational facilities. This results in a very high degree of comfort and convenience within a completely cosmopolitan ethos.

About The Author:

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings. 

PMRDA: New Era Of Planned Growth For Pune Real Estate

Anil Pharande, Chairman – Pharande Spaces

The Pune Metropolitan Development Authority (PMRDA), which took up seat in the PCNTDA offices in Akurdi, Pimpri-Chinchwad on May 1, heralds an era of much-needed change for real estate development in Pune. From this point onward, PMRDA will introduce the concept of scientific town planning to every part of the city.

PMRDA

So far, proper town planning had only been followed in the the Pimpri-Chinchwad Municipal Corporation. The entire Pradhikaran belt has been developed by the PCNTDA (Pimpri Chinchwad New Township Development Authority) under strict development guidelines. As a result, PCMC has become a showcase of planned urban development.

The jurisdiction of PMRDA will cover the whole or Pune, including PCMC as well as several talukas such as Maval, Bhor, Haveli, Shirur, Mulshi and Khed which fall in the Pune district. Talegaon Dabhade, Lonavla, and Alandi and also be included along with several outlying villages. For the very first time in Pune’s history, there will be a unified planning and development authority to bring order to the entire district. The model of development will be similar to the approach which PCNTDA has followed to develop Pradhikaran over the years.

PMRDA will develop massive land parcels in a planned manner, areas will be zoned for residential and commercial development and support infrastructure such as electricity, water supply, sewerage and road networks will be put in place. Thereafter, they will be released for development under a newly-formulated development plan (DP) and regional plan (RP) which will replace all previous plans. In the meantime, PMRDA will also eradicate illegal developments. In the future, no construction will take place without complete vetting and authorization by the PMRDA.

This approach to urban development will have a profound effect on real estate in the Pune region. The value of land as well as any kind of built-up real estate will rise considerably, and the region will attract more and more investments from both within and outside the country. PCMC, which is already home to hundreds of global manufacturing companies, will see even more of such industries moving in and setting up operations. This will lead to incremental employment growth, which will bring with it massive requirements for commercial and residential spaces.

In short, Pune will now be able to reach its fullest potential under PMRDA. The local economy is set to boom, and Pune will eventually become the new economic capital of Maharashtra.

About The Author:

Anil-Pharande

Anil Pharande is Chairman of Pharande Spaces, a leading construction and development firm that develops township properties in Western Pune. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer in the PCMC area offering a diverse range of real estate products catering especially to the 42 sectors of Pradhikaran. The luxury township Puneville at Punavale in West Pune is among the company’s latest premium offerings.