by
Mr. Anil Pharande, CREDAI - Pune Metro
There
are often comparisons made between the infrastructure of Mumbai & Pune. The
popular consensus seems to be that both cities are equally challenged as far as
supportive infrastructure is concerned.
This
is inappropriate for 2 reasons – one, Mumbai’s growth pattern has been very
different from Pune’s.
The
city has evolved into the country’s financial capital, and the pressures on it
are enormous and overwhelming, considering the fact that a significant part of
it is an island that can not grow horizontally to accommodate the growing real
estate demands.
The challenges on Pune’s infrastructure ..
Pune,
on the other hand, has an advantage by virtue of the fact that it has been able
to add to its borders by means of surrounding villages.
This
has served to decreased pressure on the central city and encouraged an outward
growth pattern. The challenges on Pune’s infrastructure – particularly its road
network - have more to do with the speed of this growth.
While
there are various proposals for roads and road widening, these have to be
translated into real time to be effective.
The
pockets of infrastructural under-development are the result of both developers
& the Government concentrating on
existing growth areas and sidelining those with high future potential.
It
is a known fact that no area can grow in terms of residential, commercial and
retail real estate unless the necessary infrastructure is first put in place.
This
is quite a common phenomenon that is the result of the principle of fastest
returns almost instinctually followed by both developers and the Government.
Bangalore, for instance, was initially not
well planned for radial expansion. The approach in this city was simple - where
Information Technology projects went, residential projects followed. IT &
ITeS, as business lines, are not dependent on a city’s CBD areas and can
workably exist in areas where property prices are low.
Once
such a project is established, residential, commercial and retail
establishments follow. Since this kind of growth in no way follows a master
plan, the result is haphazard pockets of growth.
This
naturally leads to the neglect of areas that have not been so favoured. The
syndrome is also evident in the case of other industries such as manufacturing.
To
identity another factor that has compromised Pune’s holistic growth in terms of
real estate viability - the first masterplan for the city designated a much
more progressive ‘roadmap’ for the city’s road network.
However,
even today, key roads leading to new growth areas are not being put in place
with the speed necessary to ensure that these new areas have the requisite
connectivity.
Pimpri
Chinchwad Municipal Corporation
In
comparison, the Pimpri Chinchwad Municipal Corporation (PCMC) has been
proactive in terms of a proper road network. This explains why there have been
such spurts in growth & corresponding real estate values in this region.
Even
within Pune, there were earlier precedents wherein languishing areas were given
fast-paced infrastructure upgrades because of an new market catalyst. For
instance, the Youth Commonwealth Games brought with them the fast-tracked
enhancement of Baner Road and Pashan Road.
About
the author..
Mr.
Anil Pharande is Chairman at Pharande Spaces & Vice President at CREDAI (Pune Metro)
For
Media Contact..
Jay
Kalghatgi
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Interface - CopyConnect
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93201 42248
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