Tag: Social Infrastructure

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Greater Pune – A Urban Expansion Benchmark by PMRDA

Jun 11, 2024 by Mansi Praharaj 0 Comments #affordable housing projects, #Akash Pharande, #Greater Pune, #Haveli, #Hinjewadi, #industrial hub, #IT, #IT hub Hinjawadi., #Junnar, #Khed, #Lonavala Municipal Councils, #Maharashtra’s favourite tourist destination., #MahaRERA (Maharashtra Real Estate Regulatory Authority), #Manufacturing, #Maval, #middle, #modern amenities, #Mulshi, #new housing projects, #Pharande Spaces, #Pimpri, #Pimpri-Chinchwad Municipal Corporation (PCMC), #PMRDA, #Population Growth and Urbanization, #pune, #Pune Municipal Corporation (PMC), #Pune's population, #services sector, #Shivajinagar, #Social Infrastructure, #Talegaon Dabhade, #The Pune Metropolitan Region Development Authority (PMRDA), #upper-middle-class homebuyer, #Urban Expansion

Akash Pharande, Managing Director - Pharande Spaces

By Akash Pharande, Managing Director – Pharande Spaces

 

The Pune Metropolitan Region Development Authority (PMRDA) oversees an extensive and strategically significant territory now collectively referred to as Greater Pune. It covers both urban and rural regions.

The two key territories under Greater Pune are the Pune Municipal Corporation (PMC) and the Pimpri-Chinchwad Municipal Corporation (PCMC). PMRDA also governs the pivotal Talegaon Dabhade and Lonavala Municipal Councils – the former a strong and growing industrial hub, and the latter arguably Maharashtra’s favourite tourist destination.

Beyond these municipalities, PMRDA also administers numerous suburban and rural areas which are vital for Greater Pune’s expansion and development. These include the rapidly developing industrial hotspots Chakan and Pirangut, as well as Pune’s pre-eminent and pioneering IT hub Hinjawadi.

Among the rural areas are Mulshi, Maval, Khed, Haveli, and Junnar, which are important for their agricultural contributions and potential for future development. Known for their scenic landscapes, Mulshi and Maval are already attracting considerable real estate development.

As can be seen, Greater Pune is vast and diverse and showcases PMRDA’s governance across many major urban centres, IT hubs, industrial zones, and rural areas.

Over the past decade, Greater Pune’s exponential growth stands as a strong testament to PMRDA‘s strategic planning and robust implementation of development initiatives. But is this pace of growth really necessary? Let’s look at the facts.

city-planning

Population Growth and Urbanization

As of 2024, Pune’s population is estimated to be around 7.35 million in the metropolitan area and approximately 4.44 million within the city limits. Its vast talent pool across all employment categories is Greater Pune’s greatest asset, and this population needs to be accommodated.

It stands to reason that the region’s real estate sector has been booming. According to data from MahaRERA (Maharashtra Real Estate Regulatory Authority), there has been a consistent rise in the launch of new housing projects. In 2023 alone, Pune saw over 50,000 new homes launched, while Pimpri-Chinchwad added 20,000.

Prominent real estate developers have been having a field day – or rather, a field epoch – launching massive projects to aid this expansion. Given that home seekers in Greater Pune are looking for options across categories, a large number of these projects offer modern amenities that cater to the middle and upper-middle-class homebuyer segments.

While the supply of affordable housing projects has been more muted due to decreased demand, the market is replete with options even in this category.

Infrastructure Development

Across the length and breadth of Greater Pune, PMRDA has consistently focused on infrastructure development as a cornerstone of the region’s urban growth. One prime example is the Pune Metro which, in just the first phase, will connect key areas like Hinjewadi, Shivajinagar, and Pimpri. The reduced commute time creates more housing demand across all areas.

Additionally, the 128 km Ring Road will decongest city traffic by giving Greater Pune an alternative road travel route and connecting various parts of the region across major highways and economic zones. For Pune’s economic triple engine of IT, manufacturing, and the services sector, this spells gold and will massively boost trade and commerce. According to recent reports, absorption in Pune’s commercial office space reached 6.5 million square feet in 2023.

Sustainable Urbanization

PMRDA‘s commitment to Greater Pune includes a strong focus on sustainable urbanization. It has now made it mandatory that green spaces and energy-efficient designs be included in all new projects. Also, digital infrastructure, smart transportation, and efficient waste management have been prioritized.

Social Infrastructure

The growth of Greater Pune extends beyond just economic and infrastructural development. PMRDA is keenly aware that for overall quality of life and livability, adequate social infrastructure to support its growing population is of paramount importance. Not surprisingly, the region under its aegis boasts top-grade schools and colleges, hospitals, and recreational amenities.

To summarize…

Under the able administration of PMRDA, Greater Pune’s urban expansion has emerged as one of the most impressive success stories of planned growth, economic prosperity, and sustainable development. It sets a new benchmark for urban and urbanizing India, demonstrating how strategic governance and innovative planning can create a thriving, modern metropolis.

With continued focus on infrastructure, sustainable development, and quality of life, Greater Pune is poised to be a model city for the future, embodying the aspirations of a rapidly urbanizing nation.

About the Author:

Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience

Business

UXLINK Social Infrastructure Breaks New Records, Attracts 230,000 New OKX Wallet Registrations in 14 Days, 72% Deposit Rate

Feb 22, 2024 by Sujata Muguda 0 Comments #Real World Social, #Singapore, #Social Infrastructure, #UXLINK

UXLINK  

SINGAPORE – 22 February 2024 – From February 2nd to February 16th, UXLINK, a Web3 social infrastructure with a unique “Real World Social” and “group” model, launched a two-week joint campaign with OKX Web3 wallet, and it was reported that in the two weeks since the campaign went live, more than 230,000 OKX Web3 wallet addresses have been created and linked to UXLINK. These wallets have a token asset deposition rate of over 70%, with an average asset value of over $70 USD equivalent in tokens, totaling $11 million. The user base is truly global, spread across more than 100 countries and regions, including Vietnam, Indonesia, Nigeria, Europe, and the Middle East. The campaign saw a 42% new registration/UV ratio, reflecting the fact that real world social relationships and group interactions of acquaintances bring trust and efficiency.

UXLINK Protocol enables any decentralized applications (DApps) to use a wide range of on-chain and off-chain social resources, such as user’s social account information, user’s social relationship graph, user’s social tags, social relationship recommendation and so on, which can accelerate the development of DApps, achieve cross-chain functionality and coordinate the social data of different scenarios. These social resources can accelerate the development of DApps, realize cross-chain functions and coordinate social data in different scenarios, so that DApps can better achieve their business goals and provide better user experience for their users.

UXLINK has officially opened the third phase of its “Odyssey” airdrop task, with multi-wallet registration, binding and check-in functions, and inviting friends to participate in the event can get additional token rewards. It is reported that the number of participants in the Odyssey has exceeded 40,000, and will officially open the $UXLINK governance token airdrop in March.

As of press time, UXLINK’s certified users have exceeded 3 million, entering more than 74,000 groups, covering around 6 million users, becoming a new generation of Web3 traffic and protocol-based infrastructure. According to UXLINK community, UXLINK will open up protocols and work with more developers and ecological partners in the future, and continue to provide Web3 infrastructure services for different social scenarios (e.g., WhatsApp, Facebook, mailbox contacts, cell phone contacts, Google contacts, etc.).