By the most recent
reckoning, our country India’s population currently hovers about the 115 crore
mark. It is estimated that by 2030, this figure will have grown to nearly 153
crore.
India’s urban areas
are just about ready to burst at the seams, on the heels of an accelerating
population explosion.
Population Growth ..!
The population growth
in India’s rural areas in the present decade is about 18 per cent, and over 30
per cent in the urban areas. This pattern of urbanisation is seen as
encouraging, since it seems to indicate that India will attain the global
urbanization standard average in the course of the next decade.
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| Mr. Anil Pharande |
However, it is also
true that this upsurge in Indian cities’ population is putting available civic
structures such as public transport, water supply, drainage, sewerage &
obviously the supply of housing under severe pressure.
Insufficient
Infrastructure..!
This raises the
question – how are India’s real estate developers addressing the problem of
insufficient infrastructure in and around their projects in the main cities?
The fact is, they can not do much.
In cities such as
Pune, property buyers have no choice but to turn a blind eye to the absence of
sufficient infrastructure. They are aware of the fact that they will face
numerous inconveniences, but what can they do?
Many opt to buy into
projects that boast of compensatory measures to overcome the infrastructure
deficit. These would include independent water supply if a reliable municipal
pipeline does not exist, electricity backup to make up for unreliable power
supply and sump pits if the area does not have adequate sewage.
However, such
projects in Pune City are few and far between, and homes in them come at
extremely high prices. Also, no matter in how many ways Pune developers
compensate for lack of civic infrastructure, they can not add more than a token
patch of landscaped lawn by ways of natural ambience.
High Property
Rates..!
The high property
rates are a real problem. Many of those who buy flats in Pune have saved all
their lives for buying their Pune dream home. They have made a lot of sacrifices
to make this happen; having finally managed to save enough, they buy their
houses & immediately regret it.
The maintenance costs
for their flats are far too high for them to bear – a lot of them can not
afford petrol for their cars anymore. They travel to and from work by bus.
We have all looked at
the parking lots of highly priced residential projects & seen dusty cars
with handmade posters on the rear windows saying things such as
‘Homemade Detergent
Soap Available at Flat 12A’ and ‘Tuition For Stds. V to IX – Contact Mr. XYZ at
Flat 26C.
It simply makes no
sense to invest everything in a house and then live in financial stress
afterward. The solution obviously lies in finding a house where the same
investment buys you more.
Choice..!
The choice is between
paying a certain amount on a small, under-equipped flat in the crowded central
city or / on a spacious house in a
location blessed with natural beauty and and sound infrastructure.
The Pimpri Chinchwad
Municipal Corporation, which planned its residential areas decades ago, offers
such options. The integrated residential projects in Ravet and other sectors of
Pradhikaran close to the upcoming International Convention Centre offer the
kind of homes that Puneites have always dreamed of, but never been able to own.
The Pimpri Chinchwad
Municipal Corporation also has an extremely vibrant economy, offering more and
more job opportunities across all business sectors with every passing year.
Finally, because of
the regulated nature of the PCMC real estate market and the high emphasis on
civic facilities and amenities, there is no question of an eventual
infrastructure deadlock. The real estate prices are way below those see in
Pune, too.
For that reason,
these are the kind of houses that will be sources of joy for several
generations.
About The Author..!
Mr. Anil Pharande is
Chairman of Pharande Spaces & Vice President - CREDAI (Pune Metro).
Pharande Spaces is a
leading construction and development firm that develops township properties in
the PCMC area of Pune.
Contact
CREDAI - Pune (formerly PBAP)
Nucleus Jeejeebhoy Tower, 3rd floor,
T-1, T-2, T-3, Church Road,
Opp. Commissioner Office, Camp, Pune - 411 001
Tel. 020- 6052654, Tel. Fax.. 020 - 2605 2656
Email Id:
pbap@vsnl.net, pbap123@gmail.com, credaipmr@gmail.com
Website:
www.credaipune.org
Pharande Spaces - Head office
"Tarangan" 98 / 2, Pune - Nashik
Highway, Guruvihar,
Bhosari, Pune: 411 039.
Email: enquiry@pharandespaces.com
http://www.pharandespaces.com/
Sales office Ph: +91 20 92722 05555, Mobile: +91 90110 71036
Pune Office - Snehleela, Apte Road,
2 floor opp Apte School, Pune - 411 004, Cell: + 91 89755 70800
Gulf Representative: Anish Grover
Cell : + 973 36642649 or + 973 39859067
Email: pharandecplgulf@gmail.com
Woods ville - Opp. Pune International Convention Center,
Spine Road, PCMC, Pune, Maharashtra,
Cell: +91 83084 79100, +19 83084 89100, Email:
enquiry@woodsville.in
L axis - Sector 6, Spine Road, Opp.Bhosari District Center,
PCNTDA, Pune Maharashtra, India. Mobile: +91
89755 19800, Email: salesenquiry@l-axis.co.in
Celestial City - Sr. No. 86, Ravet Aundh Road, Near
Expressway, Ravet.
Tel: 90110 84000, 90110 85000, 90110 86000 Email:sales@celestialcity.in
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