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Townships: the final answer to pune's housing issues

Townships: The Final Answer To Pune's Housing Issues

Townships are more than a new real estate mantra – for some cities in India, they are literally the last hope for decent living. With the gradual worsening of residential conditions in Pune, township properties are gaining increasing significance as the final answer to qualitative living and social integration.

Pune is plagued by compromised and insufficient infrastructure, increased air, water and noise pollution and remarkably unorganized construction – which naturally compounds the problems on all levels. The city’s inhabitants are facing major problems with reaching emergency services and educational institutions for their children, access to adequate parking, pothole-raddled roads, etc.
This is a depressing scenario, but there is hope for cities like Pune. Township properties have already been found as the most suitable residential solution by the Government’s National Housing and Habitat Policy of 1998.

This policy has included townships in its ‘Housing Revolution’ initiative; the Government of Maharashtra is now encouraging the development of such townships to reduce the pressure on urban areas and to improve infrastructure in cities like Pune.

The lifestyle mindset of Pune’s citizens is now increasingly geared to more systematic and enabled residential formats. It is almost axiomatic that the city’s deteriorating living conditions have brought forth a Pune Township Revolution.

Since such projects require large land parcels, the focus is now on areas such Pradhikaran – the showcase location of the Pimpri Chinchwad New Township Development Authority (PCNTDA).

In the township projects, the issues faced by Pune’s citizens in terms of infrastructure deficit and generalized deterioration of living conditions are now being effectively addressed. These township properties offer a higher grade of living conditions, better infrastructure and aesthetic environments.

Comparable facilities in smaller residential projects would involve prohibitive costs to developers, which would naturally be passed on to the consumer. However, thanks to the economies of scale, developers can make these advantages available at far more rational costs in a township property.

In other words, quality infrastructure, open spaces, availability of all necessities of daily living and therefore a superior lifestyle can be supplied cost-effectively on a larger scale, since all residents in a township benefit from one large system.

If such facilities were to be made available in smaller housing projects, the costs to consumers would be comparable to those of luxury homes. This results in a somewhat higher cost of township properties as compared to some other properties for sale in Pune.

However, the additional expense is vindicated by the fact that those who buy into township properties are assured of a vastly superior living standard – not to mention exceptionally higher returns on investment.

For those buying property in Pune without wanting to compromise on a better lifestyle equation, township properties are the most obvious solution. There are direct advantages in terms of security, convenience, the comfort afforded by superior infrastructure, accessibility to shopping centres and banking educational and health-related facilities.

Since townships have their own quality retail outlets and recreational facilities, residents are assured of a high degree of comfort and convenience, leading to a better quality of lifestyle and cosmopolitan enablement.

The ease of living quotient in well-conceived townships cannot be over-emphasized, and it is appropriate to say that they are the most obvious answer to Pune’s growing housing woes.

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