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Gera in News

NHB’s most valuable player’s secret: PMC water supply, roads

Pune Mirror - 10 March, 2013

With a major IT hub coming up there — Infosys’ campus in Kharadi and not Bangalore will be its biggest — the focus on roads and a dedicated 10,000-mm water pipeline from the Cantonment waterworks to this area has helped. Many of the more developed areas, including parts of Pashan and Baner, are without Pune Municipal Corporation (PMC) water supply, and residents there are having to depend on water tanker operators on a daily basis. For the past eight years, real estate agent Satish Mane has been doing the rounds here, and he pins the upward trend in Kharadi’s profile down to amenities. “People are increasingly preferring Kharadi over other developing areas due to good infrastructure — drinking water, drainage, roads and good public transport connectivity. Now, open plots are selling for Rs 2,800-3,000 per sq ft, while flats are going for Rs 5-6,000 per sq ft depending on amenities available. Most of the buyers are from out-of-state. Among the enquiries I get from property buyers, 60 per cent are for Kharadi. In 2007, we were renting a one-BHK for Rs 3,000 per month; now, the same brings in Rs 8,000. Schools and malls, hotels and hospitals add to this. Besides, it is easy to travel here from areas like Hadapsar, Koregaon Park, Camp,”he said. Rajesh Patil, chairman and managing director, Kolte-Patil Developers Ltd has upcoming residential projects in Kharadi. He said, “Good Infrastructure, job opportunities and good connectivity are the major factors for this area becoming a real estate destination. Kalyaninagar and Koregaon Park are saturated, and there is only scope for redevelopment in such areas, whereas there is more space for development in Kharadi. Ahmednagar Road and the Hadapsar Bypass are playing crucial roles in Kharadi’s development. Also, the IT Park, Wagholi and MIDC areas are helping build Kharadi. If you ask me, it is the next Koregaon Park and Kalyani Nagar of Pune.” Longtime resident Sachin Pathare remembers when he had to cycle three km to get to school in Mundhwa. Now, that distance has reduced to 100 metres. He added that after 2005, water supply has been regular in Kharadi. “When I was a kid, water was scarce here. We used to go several km on bicycles to fetch water. There were no medical facilities here — we had to go to Chandan Nagar for minor health problems and for serious ones, we would rush to Pune. Today, there are hospitals, including international-class ones. No wonder there is a boom. In 1999, there was only one residential society in Kharadi called Rashaknagar. Fourteen years down the line, there are more than 100 residential complexes,” Pathare said. Ravi Karandeekar, who is in the real estate business here, said, “Kharadi’s status is largely the result of a numbers game. The reality is different — there is a lot of open land available here and so, many high-value residential projects are coming up. Though the number of high-value projects is high, land rates are lower than other areas of the city, like Kothrud.” PMC’s Additional City Engineer Vivek Kharwadkar, who also heads the Building Permission Department, “Consolidated ownership and land segmentation are key factors in Kharadi. Due to availability of open space, builders are able to plan infrastructure according to requirements. The PMC and builders together implemented the Public Private Partnership (PPP) model to develop Kharadi. In Koregaon Park and Kalyaninagar, scope for development is very limited as the area is already developed. The property prices are higher and options for investment are limited.” NCP MLA Bapu Pathare said, “In Kharadi, there are almost 40 different builders who have invested in residential and commercial projects. Of these, 25 to 30 are prominent ones. There are 25 banks as well as three five-stars hotels in this area, and over 25,000 IT professionals work here. Though Kharadi is spread across approximately 1,200 acres, there is still scope to develop 500 acres of open land,” he added. - Inputs by Anjali Shetty When I was a kid, water was scarce here. We used to go several km on bicycles to fetch water. Since 2005, water supply has been regular. Also, there were no medical facilities; now we have int’l level hospitals here - Sachin Pathare, Kharadi Resident The location of Kharadi is such that it is not only accessible but also within the PMC limits. Its advantage is its 100-ft wide roads and access to the city. It is a place where people have access to jobs right from IT in Magarpatta to the industrial section in Hadapsar. It is going to be one of the best suburbs of the city in the coming years. The only issue that needs to be addressed is infrastructure. The development in and around the area is taking place rapidly but the roads are not being built at the same pace. As regard civic amenities, things are picking up quickly and our project has the necessary permissions and water supply. - Rohit Gera, Managing Director, Gera Developers

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