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Pune in Future

Pune, the industrial city of Maharashtra is now considered to be one of the most progressive and happening cities of India. With suitable infrastructure for setting up industries in both the IT, BPO and manufacturing sectors, the recent years has seen an increase in foreign investments with major Indian companies also expanding their operations in the city.
  • The world's biggest radio telescope - Square Kilometer Array Radio Telescope Project (NDTV) is to be set up in Pune.
  • Pune has been chosen as the host for the 2008 Commonwealth Youth Games, which will be conducted from the October 12th to October 18th, 2008.
  • To meet the demands of this explosive economic growth in Pune, the state is planning a 1,000 MW power plant exclusively for Pune.
  • An International Convention Center (ICC) regarded as South Asia’s largest composite trade and convention centre is also underway at the Senapati Bapat Road and is being constructed by Maharashtra Chamber of Commerce, Industries and Agriculture (MCCIA). This 1.2 million sq.ft structure will accommodate the ICC Trade Tower, ICC Tech Park, S L Kirloskar Convention Centre and will be equipped with shopping malls and family entertainment centers.
  • An Rs 15 crore-Auto Cluster project is underway in the Pimpri-Chinchwad area of Pune, which will make the auto component industry in the region globally competitive. Under this project, a special purpose vehicle (SPV) and Auto Cluster Development and Research Institute Ltd is also incorporated.
  • The construction equipment major, JCB is to set up an Rs 600-crore manufacturing facility near Pune catering to the UK-based company’s Southeast Asian market, comprising Myanmar, Thailand, Singapore, Malaysia and Korea, currently handled by the UK plant.
  • Pune is fast developing industries catering to biosciences, bioinformatics and genomics. To meet the demands of the emerging fields, there is a proposal for Hinjewadi Phase II project of the Software Technology Park of India (STPI), which is supposed to be called the IT-BT Park.
  • Mahindra British Telecom (MBT) has signed an MOU with the state government to set up a Rs. 300 crore software development facility with employment for 18,000 professional in the STPI in Pune in the next few years.
  • Pune is expected to see 11 new hotels, serviced apartments and mixed-use developments with approximately 1,600 rooms in various categories over the next three to four years. The addition to supply, although quite high, is likely to be successfully absorbed, taking into account Pune's low room base of approximately 800 rooms and a continuous growth in the city's IT, ITeS, BPO and manufacturing industries.

All these has also brought about remarkable investments in the real estate segment which has encouraging statistics of top developers operating in the city to cater to an array of clients ranging from moderate apartments to luxury and ultra premium residential extravaganzas.

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