PMRDA to speed up projects

Hindustan Times (Chandigarh) - Estates - - 2 - Vivek Rathi ht­spe­cial­pro­jects@htlive.com The au­thor is vice pres­i­den­tRe­search, Knight Frank In­dia

Pune’s ur­ban ag­glom­er­a­tion, also known as the Pune Met­ro­pol­i­tan Re­gion (PMR), is spread over 3,500 sq km and con­sists of the Pune Mu­nic­i­pal Cor­po­ra­tion (PMC), Pim­pri Chinch­wad Mu­nic­i­pal Cor­po­ra­tion (PCMC), Pune Can­ton­ment and Kir­kee (Khadki) Can­ton­ment. Un­til last year, the ab­sence of a sin­gle, uni­fied plan­ning author­ity for the met­ro­pol­i­tan re­gion has led to an in­or­di­nate de­lay in the ex­e­cu­tion of var­i­ous in­fra­struc­ture projects. How­ever, last year, the Gov­ern­ment of Ma­ha­rash­tra fi­nally no­ti­fied the for­ma­tion of a re­gional de­vel­op­ment body, called the Pune Met­ro­pol­i­tan Re­gion De­vel­op­ment Author­ity (PMRDA). PMRDA’s in­te­grated de­vel­op­ment plan (DP) for the en­tire re­gion will re­place the in­di­vid­ual de­vel­op­ment plans of the var­i­ous lo­cal bod­ies, in­clud­ing the PMC and PCMC. The PMRDA may also be re­spon­si­ble for ma­jor in­fra­struc­ture projects, such as the metro rail and outer ring roads; the ben­e­fit of which ac­crues be­yond the con­ven­tional city lim­its.

REAL ES­TATE DY­NAM­ICS

The res­i­den­tial catch­ments of Pune are spread across the length and breadth of the city. We take a look at the ma­jor res­i­den­tial seg­ments and also the of­fice sec­tors to un­der­stand the need for ur­ban trans­port that is af­ford­able, con­ve­nient and con­tem­po­rary. Cen­tral Pune, with res­i­den­tial lo­cal­i­ties such as Kore­gaon Park, Dhole Patil Road, Model Colony and Kothrud, is the com­mer­cial heart of the city, with nu­mer­ous cor­po­rate of­fices lo­cated in the cen­tral busi­ness district (CBD) ar­eas of Bund Gar­den Road, M. G. Road, Dec­can, Se­na­p­ati Ba­pat Road and Shiva­ji­na­gar. Neigh­bour­hoods such as Ka­traj, Kond­hwa, NIBM Road and Warje in South Pune are af­ford­able al­ter­na­tive to Cen­tral Pune for home buy­ers. How­ever, they lack a strong em­ploy­ment ap­peal.

North Pune, with ma­jor res­i­den­tial lo­cal­i­ties such as Pim­pri, Chinch­wad, Nigdi and Moshi are pri­mar­ily in­dus­trial ar­eas with var­i­ous au­to­mo­bile and auto an­cil­lary as well as en­gi­neer­ing in­dus­tries lo­cated here.

The twin towns of Pim­pri and Chinch­wad host the man­u­fac­tur­ing units of some of In­dia’s lead­ing au­to­mo­bile com­pa­nies, such as Ba­jaj Auto, Tata Mo­tors, Force Mo­tors and Daimler Chrysler. On the other hand, East Pune, with an­chor lo­cal­i­ties like Vi­man Na­gar, Kharadi, Wagholi, Hadap­sar and Dhanori, has been de­vel­oped and much sought-af­ter res­i­den­tial mar­ket on ac­count of the pres­ence of a large num­ber of IT/ ITeS of­fices and so­cial in­fra­struc­ture. Sim­i­larly, the res­i­den­tial catch­ments of Aundh, Baner, Wakad, Hin­je­w­adi and Bavd­han make up the ac­tion cen­tre mar­ket of West Pune. This has been pos­si­ble mainly on ac­count of a ro­bust pres­ence of IT/ITeS com­pa­nies in the vicin­ity.

Pune’s of­fice mar­ket is dis­trib­uted broadly across the east and west zones. Cur­rently, more than 80% of the city’s of­fice space stock is ac­counted for by th­ese two zones, while the re­main­ing is spread across the cen­tral, north and south zones.

This means that more than 80% of the city’s white col­lared work­force com­mutes to ei­ther the East or West of the city.

Un­like its cousin city Mum­bai, Pune’s sub­ur­ban train net­work is not the com­mut­ing op­tion of choice. The city is also not equipped with metro rail or mono­rail con­nec­tiv­ity. While there is a net­work of the bus rapid tran­sit sys­tem (BRTS), the BRTS net­work does not do jus­tice to this mass move­ment of the pop­u­la­tion. The big­gest chal­lenge that the city cur­rently faces is the ab­sence of a mass rapid tran­sit sys­tem (MRTS) be­cause of which a large sec­tion of the work­force ei­ther has to travel via pri­vate ve­hi­cles or em­ployer-pro­vided trans­porta­tion to reach their work­places. Metro rail as an MRTS has been a long pend­ing de­mand of the city.

The up­com­ing metro rail plan is a push in this di­rec­tion. The Phase 1 shall have a route of 31.2 km, out of which the first cor­ri­dor will run from PCMC to Swar­gate, a dis­tance of 16.5 km, and the sub­se­quent cor­ri­dor will run from Vanaz to Ramwadi, which is a length of 14.6 km. Spread across the lim­its of more than one civic body, this project will en­hance the north-south con­nec­tiv­ity through the PCMC-Swar­gate cor­ri­dor and the east-west con­nec­tiv­ity through Vanaz-Ramwadi cor­ri­dor. Thus, the pro­posed metro rail net­work will come as a big re­lief to the com­muters in the re­gion. It is only in De­cem­ber 2016 that the state gov­ern­ment gave its ap­proval to the project, which is tar­geted to be com­pleted in an am­bi­tious time­frame by 2021. While this will set the ball rolling on the city’s most sig­nif­i­cant in­fra­struc­ture pa­ram­e­ter, the ul­ti­mate suc­cess will de­pend on how well and how fast the next phases of the metro rail be­come a re­al­ity.

HT FILE PHOTO

Pune’s of­fice mar­ket is dis­trib­uted broadly across the east and west zones

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