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Sunday, November 2, 2008

Pune, upcoming metro city


Recently metropolitan city in India are Delhi, Mumbai, Chennai, Kolkata, Bangalore and Hyderabad. Recent Assocham Eco pulse (AEP) study suggests that Pune may be the added to the list.

The rising appeal of Pune is evident from its highest real estate prices and maximum population among the other upcoming cities. Pune is the best city offering optimistic business environment. The AEP analysed four tier II cities Ahmedabad, Pune, Lucknow and Chandigarh. The parameters necessary for a metro city are social infrastructure, infrastructure availability, real estate cost and availability, transportation facility, presence of quality educational institutes, employment opportunity, facility of financial services and business environment. Pune occupied the first position though it needs to improve on social infrastructure, transportation and financial services.

Pune with 26 malls and 25 category star hotels (both maximum among the four cities under survey) ranked it first in employment opportunity and business environment, infrastructure availability and real estate cost and availability and educational institutes. But it stood 3rd as far as social infrastructure, financial services and transportation were concerned.

In real estate prices and availability, Pune stood first, Chandigarh being the second, Ahmedabad third and Lucknow the last one. It is learnt that process for acquiring land in Lucknow is the most time consuming.

Pune lost out to Lucknow and Ahmedabad on account of transportation facility and connectivity.


Pune carved the maximum share of 32.74 per cent in the total jobs tracked by Assocham Placement Parameter for the period January-June 2008. The prominent sectors attracting large number of aspirants include IT, manufacturing, engineering and academics among others.

“There is a grave need for a seventh metro city in our country as most of the present six metro cities in India are facing pressure of rising migrant population, crumbling infrastructure facility and manpower crunch, along with exhausting office and residential space and rising rental cost” said the Assocham spokesperson.

1 comment:

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