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 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
- 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.