3A REWARDING CITY

4THE SEVENTH METRO

6KEY INFRASTRUCTURE PROJECTS TO BOOST GROWTH

15INVESTMENT OPPORTUNITIES IN ALL DIRECTIONS

19PMRDA: REVITALIZING PUNE’S GROWTH POTENTIAL

21PUNE: LEADING THE WAY

INSIDE

Pune is considered amongst the Top 10 cities in India that offer great real estate investment prospects in medium to long term. Almost every area in the city has witnessed steady appreciation over the last few years. The perfect blend of Pune’s manufacturing and service sectors make it a standalone economic powerhouse in all respects, with a rate of job generation that is hard to match. Pune offers better standards of living than most other metros. The city has a good blend of affordable, mid-size and luxury homes on offer. Pune Metro is a humble effort by Guardian Corporation to showcase Pune and help homebuyers and real estate investors in making a right decision.

PUNE IS LISTED AS ONE OF THE 440 EMERGING INVESTMENT HOTSPOTS ACROSS THE GLOBE WHICH ARE POISED TO DELIVER CLOSE TO HALF OF THE GLOBAL GDP BY 2025.

The Investor’s Paradise

7 REASONS TO INVEST IN REAL ESTATE IN PUNE

Pune is one of the fastest growing cities in Asia and is one of the leading investment hotspots according to several multinational investment agencies

Pune is considered as a safe option for investment in residential properties and has enjoyed a constant year-on-year appreciation rate

In recent past, Pune has yielded good returns in both short (10 to 12 months) and long term (50 to 60 months) investments

Pune offers investment opportunities in affordable, mid-income and in the luxury segments

Pune’s inclusion in the Smart Cities Mission will attract multinational investors and increase inward migration thereby fuelling demand for properties

Pune has all the right economic and demand drivers fi rmly in place

Pune is an upmarket city with good options for education, employment and recreation

PUNEE

2016

REWARDING TIMES AHEAD

According to the Knight Frank’s India Residential Investment Advisory Report (2016), the residential market in Pune is driven primarily by two factors -

employment generation and infrastructure development. Historically, the manufacturing sector has been the largest contributor to employment generation, with the engineering, automobile and auto ancillary sectors dominating it. However, over the last 15 years, the IT/ITeS sector has emerged as the largest employer in the city and consequently, emerging as the biggest driver of the city’s real estate market.

The Knight Frank Report further admits that the Indian real estate sector has been reeling under tremendous pressure since the last couple of years. Still the properties in top 6 residential markets in India, which includes Pune, have appreciated in the range of 12% to 23% since 2012. Knight Frank further says that residential real estate will no longer be a speculative investment and will have to compete with other investment avenues. However, any investment in real estate based on sound research can seldom go wrong and there are ample opportunities to earn healthy returns. And one can defi nitely count Pune as a rewarding city, when it comes to real estate.

Known for its rich culture, Pune is an economically vibrant and sustainable city with diverse opportunities. The city is comparatively safe and offers livable environment. The city aspires to become a global urban agglomeration and has everything to get into the top league. The growth story of the city is well accompanied by the thriving realty in and around the city.

PUNE IS RANKED 29TH IN THE LIST OF 100 FASTEST-GROWING CITIES AND URBAN AREAS ACROSS THE WORLD BY 2020.

PUNE REAL ESTATE SECTOR OVERVIEW

The ICICI Property Services and PropEquity report expect the capital values in Pune to remain steady with a 10-12% appreciation seen in the long term. Sales volume of Pune’s

residential real estate market increased by some 3% during 2015 as compared to the previous year. The current market situation provides an ideal buying opportunity for homebuyers.

Pune real estate market is currently witnessing an end-user demand. In the end-user segment, mid–segment housing in the budget range of 15 lakh to 45 lakh witnessed a healthy absorption in 2015. According to PropEquity, the buyer space comprises of 60% of the homebuyers from Pune, 20% from Mumbai and 20% comprised of the demand emerging from NRIs and from cities within the radius of of 300 – 350 km from Pune.

Compact homes, mostly 2 BHK, with basic modern amenities at affordable prices are in popular demand of the end-users in Pune. As Pune is emerging as an IT hub, most of the working crowd is predominantly in the age group of 25 - 35 years. 2 BHKs are being preferred by working professionals supported by the double family income of the husband and wife employed in IT-BPO companies; thus making this confi guration affordable. Approximately 57% of total residential sales in 2015 comprised of 2 BHK units. Similarly, ready-to-move-in apartments are in higher demand among fi rst-home buyers.

A REWARDING CITY

FROM START TO SMART

An independent survey titled ‘How Smart are our Cities?’ conducted by PricewaterhouseCoopers (PWC) and The

Indian Express Group in 2015 analysed 10 major cities on the basis quality of life. Pune fared at par with other cities in the rankings on almost all vital parameters.0.00

1.002.003.004.005.006.007.008.009.00

Power

Water

Safety

Disaster Management

Transport

Sewerage and SanitationSolid Waste

Managament

Storm Water Drainage

Health

Education

MunicipalCorporation

Sustainability

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Pune was declared as the seventh metro city of India after New Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad by ASSOCHAM in 2008. Pune is considered to be the best city offering optimistic business environment. In less than a decade of this report, the city has seen phenomenal growth across several business sectors and proved its mettle for the metro city.

PUNE IS SECOND BEST IN INDIA AFTER BENGALURU TO RECORD SOFTWARE EXPORTS OF 63,000 CRORE IN 2014-2015. THE SOFTWARE EXPORTS DOUBLED WITHIN A SPAN OF 4 YEARS.

THE SEVENTH METRO

THE NEXT TECHNOLOGY HUB OF INDIA

With the coming of IT era, the last decade of the 20th century saw Pune uncover newer territories. The

industry body MCCIA (Mahratta Chamber of Commerce, Industries and Agriculture) set up a software technology park where many IT businesses were incubated. Infosys took the baton and set up base at the newly instated Rajiv Gandhi IT Park in Hinjewadi, and the rest is history.

Around the same time, other IT entrepreneurs from the city played a signifi cant role in setting up their own companies and creating an IT ecosystem. A multitude of IT and ITeS companies took this march ahead and invited global players to be a part of this city’s growth story.

In the years since global IT majors like Wipro, Tech Mahindra, Cognizant, IBM, Mphasis, Veritas, BMC Software to name a few - have set up large campuses and a big chunk of country’s IT revenue is generated from Pune.

According to Software Technology Parks of India’s (STPI) Maharashtra Centre, exports of 63,000 crore were recorded from Pune in 2014-15.

Pune recorded the highest software exports in Maharashtra, with Mumbai at second place, followed by Nagpur and Nashik.

ON THE WAY OF BECOMING INDIA’S START-UP CAPITAL

Pune, which is leading contributor to the IT growth in India has seen a tremendous growth in the number of tech and

product start-ups in recent years. Pune is known a talent powerhouse and has ample of technical talent owing to the presence of large number of technical universities. Good connectivity to global gateway city Mumbai, availability of technical infrastructure and pleasant climate boost the potential of Pune to become the national start-up capital, 5 to 10 years down the line.

According to NASSCOM, Pune hosts 264 start-ups. However, Angel List, one of the leading portals putting start-ups directory and job listings, Pune is home to around 400+ well-known and lesser known start-ups.

Most of the Pune-based start-ups have managed to raise massive funding rounds which include Pubmatic ($45 million in Series C), Druva ($25 million in Series D), Helpshift ($10 million in Series A), Sapience ($7 million), Firstcry ($26 million in Series D) and Swipe Telecom ($10 million in Series A).

Apart from acquiring funding, the brightest of the lot were acquired by national or global players. Pune-based Dhingana was acquired by Rdio, TastyKhana was acquired by FoodPanda, while True Sparrow was acquired by Fab.com.

ASSOCHAM carried out an Eco Pulse Study in tier II cities on eight parameters viz. social infrastructure, infrastructure availability, real estate cost and availability, transportation facility (connectivity), presence of quality educational institutes, employment opportunity, facility of fi nancial services and business environment. Pune, Ahmedabad, Chandigarh and Lucknow were analysed and Pune was declared a winner in the report titled ‘The 7th Emerging Metro City’.

400+Start-ups

200+ IT Companies

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MOST PREFERRED EDUCATION HUB

Christened the ‘Oxford of the East’ by Pandit Jawaharlal Nehru, Pune has had a rich legacy in education. The city always had an intrinsic connection with

theatre, music, art and literature and has been a centre of learning and research in virtually all fi elds. Today, the city is home to leading institutes of engineering, management, defense, science, medical, commerce and law.

Savitribai Phule Pune University (SPPU) is the second largest university in India with 889 affi liated colleges. Besides SPPU, Pune is home to more than 8 private deemed universities with some having century old legacy. College of Engineering, Pune (CoEP) is one of the oldest engineering institutes in Asia. Pune is preferred not only by Maharashtrian and Indian students but also by students outside India. Of all the foreign students travelling to India for education, about 45% come to Pune.

THE PROMISING HOSPITALITY HUB OF INDIA

The IT Parks situated in Hinjewadi, Talawade and Kharadi have become the epicenters of hospitality industry’s growth in Pune. These areas attract the

attention of global players and drive traffi c to the city. With new businesses entering the market, the conference, conventions and events market too is expected to gradually swell further and boost the ever-increasing hospitality sector. Furthermore, the proposed international airport at Rajgurunagar (close to Chakan) is going to help the hospitality industry in years to come.

The 2015 HVS report has confi rmed that the second highest year-on-year growth in occupancy in India was registered by Pune (8.4 %), with Hyderabad (9.1%) occupying the fi rst place. The report further indicates that Pune used to have an inventory of around 777 hotel rooms across all categories in 2006-07. In less than a decade, the inventory has seen a near 8-fold surge. Pune now has an active inventory of 6,197 hotel rooms across all categories. Over next fi ve years, 2,000 more rooms are expected to get added to this tally.

This is a much needed growth for a city that is traditionally regarded as a manufacturing base for major automobile companies. The city is lately expanding along its eastern and western peripheries viz. Kharadi and Hinjewadi and is transforming into a major IT/ITeS and biotech centre. Scattered commercial development has led to the creation of multiple hospitality clusters in the city with their respective neighbouring areas acting as primary feeders.

2,005 additional hotel rooms (1,300 under active development) are going to support the growth trajectory of the sector over next fi ve years. A majority of this supply is anticipated in the Hinjewadi area, and thus, occupancy and average rates are likely to remain muffl ed in the short term.

AN IMPORTANT MANUFACTURING BASE

Ample availability of skilled manpower and presence of quality infrastructure make Pune a major industrial destination in the country.

Apart from being an established IT/ITeS destination, Pune has also evolved into a major manufacturing hub, especially with respect to the automobiles and engineering sector. Pune’s industrial pockets are primarily located in Pimpri, Chinchwad, Talegaon, Chakan, Khed and Ranjangaon. Some industries are also based in Pirangut and Kurkumbh.

Incidentally, both, centre and state governments have been pushing Pune to emerge as a major manufacturing destination in India. Chief Minister Devendra Fadnavis’ active participation in the ‘World Economic Forum’ summit at Davos in Switzerland held in early 2015 and in the ‘Make in India’ initiative has brought cheer for Pune. The CM successfully clinched many key investments and corporate deals with multinationals, which are expected to generate over 20,000 jobs in the state, especially in the automobile and IT sectors.

Last couple of years witnessed major investments in the manufacturing sector. In January 2015, Volkswagen India kickstarted its 240 crore assembly plant in Chakan. In June 2015, German Automaker Mercedes Benz doubled its Pune plant’s capacity with additional 1,000 crore investment. And in June 2016, Force Motors launched a new plant in Chakan for producing engines and axles for Mercedes Benz India. The facility has seen investment worth 100 crore.

850+ Colleges

15,000+ SMEs

6,000+ Hotel Rooms

In May 2016, Pune emerged as the best 5-star hotels destination according to Hotels.com Hotel Price Index (HPI) Report.

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KEY INFRASTRUCTURE PROJECTS TO BOOST GROWTH

RING ROAD

The proposed Ring Road is approximately 170 km long and is divided into 4 parts to divert vehicular traffi c from coming in from adjoining cities and passing through the city. The six-lane ring road is expected to have two service lanes, a 7.5 km elevated road and a 12-km tunnel. This road would connect fringes of Pune, Pimpri Chinchwad, Kesnand, Lonikand, Tulapur, Murkal, Alandi, Dehu, Kiwale, Wakad, Baner, Pashan, Chandni Chowk, Katraj, Undri, Pisoli, Holkarwadi, and Wadki which would take care of vehicles travelling towards Solapur, Ahmednagar, Nashik and other outbound traffi c. The preparation of a detailed project report is underway and the project is expected to see completion by 2020.

PCMC INFRASTRUCTURE

NEW INTERNATIONALAIRPORT

CONNECTIVITY TO HINJEWADI

Pimpri-Chinchwad Municipal Corporation (PCMC) is already known to have world-class infrastructure with respect to the road network which provides uninhibited access to various areas in this region. the PCMC is developing an international convention centre on 200-acre land in Moshi. The convention centre will attract massive amount of hospitality, retail and tourism development. The centre is expected to become fully operational by 2025.

While the road from Sus to Hinjewadi Phase 3 has already become operational; plans are upbeat to connect Hinjewadi via Baner-Balewadi road to improve the existing accessibility to Hinjewadi which will benefi t all those who travel to the three phases of the IT Park. the Metro connectivity proposal by PMRDA, if approved, will further enhance the connectivity.

IN ADDITION TO THESE DEVELOPMENTS, REAL ESTATE DYNAMICS OF THE CITY HAVE IMPROVED OWING TO NUMEROUS FLYOVERS, RAILWAY OVERBRIDGES, GRADE SEPARATERS AND SUBWAYS BEING CONSTRUCTED IN DIFFERENT PARTS OF THE CITY SUCH AS SHIVAJINAGAR, SWARGATE, SINHAGAD ROAD, B. T. KAWADE ROAD, LULLANAGAR CHOWK AND IN PCMC. WIDENING OF ROADS PARTICULARLY AROUND WAKAD, PIMPLE SAUDAGAR, HINJEWADI AND OTHER PRIME LOCATIONS HAS BEEN TAKEN UP TO RID THE CITY OF ALL POSSIBLE BOTTLENECKS.

BY 2020, PUNE’S GDP IS EXPECTED TO ATTAIN A FIGURE OF US$ 76 BILLION AND IT WILL BE THE 97TH RICHEST CITY IN THE WORLD AND 8TH IN INDIA.

The New Pune International Airport is a greenfi eld airport project under development near Rajgurunagar (Khed). The Maharashtra Airport Development Company Ltd. (MADC) plans to develop an airport on 1,200 hectares of land to meet the domestic and international air traffi c demand of over 2 crore passengers per year.

Apart from this, the existing Pune International Airport got additonal 15.84 acre of defense land for expansion. This will help the Airports Authority of India (AAI) to ease the current air traffi c vows and serve over 55 lakh passengers annually.

AT LEAST 50% OF TRAFFIC PROBLEMS OF PUNE AND PIMPRI CHINCHWAD WILL BE SOLVED ONCE THE 170-KM HIGH CAPACITY MASS TRANSIT ROUTE (HCMTR) AKA RING ROAD SEES THE LIGHT OF THE DAY.

RING ROAD I THEUR PHATA TO WAGHOLI TO CHIMBLI

BENEFICIAL FOR RESIDENTS OF EAST AND NORTH PUNE

RING ROAD II CHIMBLI PHATA TO PIRANGUT

BENEFICIAL FOR RESIDENTS OF NORTH AND WEST PUNE

RING ROAD III PIRANGUT TO SINHAGAD TO BENGALURU HIGHWAY

BENEFICIAL FOR RESIDENTS OF WEST AND SOUTH PUNE

RING ROAD IVKATRAJ TO THEUR PHATA

BENEFICIAL FOR RESIDENTS OF SOUTH AND EAST PUNE

0606

BUS RAPID TRANSIT SYSTEM (BRTS) PUNE METRO PROJECTThe BRTS in Pune connects various prime areas and is aimed at decongesting the traffi c on main routes within the city. The BRTS on Aundh - Ravet and Sangamwadi - Vishrantwadi routes became operational in 2015; while rest of the bus routes (Kalewadi Phata - Dehu - Alandi, Nashik Phata - Wakad, Nigdi - Dapodi, Nagar Road) are expected to be completed by 2016-17.The Pune Municipal Corporation (PMC) has created a detailed roadmap of 98 km BRTS and currently runs 660 buses on the operational corridors daily.

The Pune Municipal Corporation (PMC) has submitted the proposal to the Union government to make provisions in the annual budget for the Metro project under which a Special Purpose Vehicle (SPV) - Pune Metro Rail Corporation (PMRC) will be formed, to execute the project. It will be executed in the form of 2 lines running across North-South (PCMC - Shivajinagar - Swargate) and East-West (Ramwadi - Pune Station - Vanaz) of the city. The project is currently at pre-bidding stage and is expected to complete post-2020. In addition, the newly constituted Pune Metropolitan Region Development Authority (PMRDA) has proposed another line connecting the busiest IT cluster of Hinjewadi to Shivajinagar in Central Pune.

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Source: Knight Frank Research

Bavdhan

Baner

Dhanori

Yerwada

Kalyani Nagar

Katraj

Hadapsar

Kharadi

Kothrud

Sus

PimpleSaudagar

Pimpri

Chinchwad

Existing BRTS

Upcoming BRTS

Upcoming Metro Rail

MAJOR INFRASTRUCTURE PROJECTS

FOR EFFICIENT PUBLIC TRANSPORT

Modern Buses with Alternative FuelsTo reduce Carbon Dioxide emission by up to 90% and help improve lives of the citizens and city environment. Central Command and Control Centre (CCCC) for Public TransportTo monitor a fl eet of 2,000+ city transport buses to assist the commuters of Pune.

FOR QUALITY LIFE

Street and Pedestrian WalkwayTo offer better accessibility for pedestrians and cyclists. City Common Mobility Card: MI CardTo create a mobile wallet for the citizens which will facilitate payments for local transport, parking, toll, taxi, other transit modes and local taxes.

FOR BETTER ENVIRONMENT

Maximum Solar City ProjectTo realize the maximum solar potential of Pune and use 10% solar energy in the areas designated under Smart Cities Mission. Smart Lighting ProjectTo deliver 40% energy savings by replacing existing street lighting with LEDs powered by an intelligent SCADA control system.

Outdoing 91 strong contenders across the country including Navi Mumbai, Nagpur and Ahmedabad, Pune accomplished second position in the Central Government’s ambitious ‘Smart Cities Mission’ in January 2016. From Maharashtra, besides Pune, only Solapur managed to secure a place in the list of first 20 Smart Cities of India.

Attracting over 700-crores

of investments for city development.

Ensuring 24 x 7 water supply.

Providing reliable public transport.

Reducing traffi c congestion through ‘Intelligent Pune Traffi c System.’

Creating 45,000 additional jobs by establishing start-up hub.

SMART PUNE: CREATING UNLIMITED OPPORTUNITIES

On his recent visit to Pune to launch projects pertaining to the Smart Cities Mission, Prime Minister Narendra Modi urged

the citizens to look at the urbanization as an ‘opportunity’ and not as ‘calamity’. The inclusion of Pune in the fi rst list of Smart Cities will indeed ensure a planned and sustainable growth for the cultural capital of Maharashtra.

Resolving long pending issues of traffi c and water supply in the city and developing Aundh-Baner-Balewadi as the model of overall development are the top priorities of Pune Municipal Corporation (PMC) and Pune Smart City Development Corporation Ltd. (PSCDCL).

Marking the fi rst anniversary of the announcement of the Central Government’s fl agship programme, Prime Minister Narendra Modi launched various ‘Smart Cities Mission’ projects at an event held in Pune in June 2016. Out of the 84 projects for 20 Smart Cities across India, 14 are specially designed for Pune. Let’s have a look at some of the major projects that will change Pune for better.

Means to get

smarter in 5 years:

PUNE IS CONSIDERED AS ONE OF THE POPULAR RESIDENTIAL AREAS TO INVEST AMONG 20 SMART CITIES ANNOUNCED BY GOVERNMENT OF INDIA.

Every citizen in Pune gets on an average 220 litres per day of water, much higher than the national benchmark of 150 litres per day.

Pune is by far the cleanest city in the state. The Pune Municipal Corporation has clocked an average of 97.5% in waste collection.

Pune is the fi rst city in Maharashtra to have 24x7 surveillance using 1,300+ CCTV Cameras

0909

Recently published report on Pune market by magicbricks.

com for the quarter ending March 2016 refl ects that 71 percent residential property market in

Pune is in the price segment of 20 lakh to 80 lakh. Most of the

Puneites (26%) prefer fl ats in the price bracket of 40 to 60 lakh

followed by 23% preferring fl ats in the range of 20 to 40 lakh.

60 to 80 lakh price bracket is opted by 22% buyers

26% homebuyers in Pune prefer properties in the

range of Rs. 40 to 60 lakh

NHB RESIDEX confi rms Pune as best real estate investment destimation

The National Housing Bank’s (NHB) RESIDEX, which tracks the

movement of prices in the residential housing segment, confi rmed that

price appreciation of residential properties in Pune was highest amongst 16 cities in India. The

RESIDEX also mentioned that Pune has the lowest unsold invetory as compared to other cities in India.

Investment opportunities in all directions

Pune offers better gross rental yields on residential properties Kothrud witnessed highest gross rental yield of 4% in the fi rst quarter of 2016. Eastern suburbs like Kharadi, Hadapsar, Wagholi and western suburbs like Hinjewadi, Wakad, Baner have high rental demand coupled with high availability. The average gross rental yield in these areas is between 2.5 to 4%. Of the areas witnessing rapid growth in gross rental yield. Ambegaon witnessed highest growth of 15% during the fi rst quarter of 2016. Current gross rental yield in Ambegaon is 2.8% according to CommonFloor’s Rental Tracker.

ONGOING PROJECTSUPCOMING PROJECTSPROMISING INVESTMENT LOCATIONS IN PUNE

Guardian Corporation offers investment opportunities across Pune and PCMC. From a decent 1 BHK to luxurious penthouses, Guardian has it all. Here is a quick overview of the ongoing and upcoming real estate projects of Guardian Developers.

Map not to scale

Key Locations: Deccan Gymkhana, Shivajinagar, Prabhat Road, Bhandarkar Road, Apte Road, Model Colony, Bhosale Nagar and Peth areas.

Area Highlights: Central Pune is considered as the central business district (CBD) as well as the most sought after residential areas of the city. Areas like Model Colony, Prabhat Road and Bhandarkar Road have become the hotspots for Redevelopment projects.

IN CENTRAL PUNE Ongoing: Celine, off Bhandarkar Road Completed: Om Laxmi Niwas on Prabhat Road, Kanchan Gauri and Swati on Law College Road, Govind Niwas in Narayan Peth and Joshi Sankul in Shaniwar Peth.

Key Locations: Kothrud, Bavdhan, Balewadi, Hinjewadi, Pashan, Aundh, Baner, Pirangut, Kiwale, Pimple Saudagar, Pimple Gurav, Pimple Nilakh, Wakad, Ravet

Area Highlights: West Pune’s growth is being driven by demand emerging from the IT and ITeS companies in Hinjewadi. The area is also popular among the investors from Mumbai and peripheral cities due to good rental earnings and easy access. Aundh, Baner and Kothrud on one side of Mumbai-Pune Expressway and Hinjewadi on the other side of the highway are the most popular areas in West Pune. Completion of internal DP roads and link roads connecting Aundh, Baner, Sus, Pashan, Balewadi, Pimple Nilakh, Wakad and Ravet in past few years has positively appreciated the residential pockets of West Pune.

IN WEST PUNE Ongoing: The Palladium in Kothrud, West Shire in Kiwale and Green Shire in Pirangut Upcoming: Ananda, aqua villas at Mulshi dam backwaters in Valane. Completed: Arundhati, Triveni, Gouri Shankar, Mahadeo Smruti, Subhag, Shri Chintamani, Chintamani Pride, Dhruv, Disha, Meghana Terrace, Prathamesh in Kothrud, Trimurti in Erandawne, Albacitta in Baner and Murlidhar Shobha in Karve Nagar.

CENTRAL PUNE WEST PUNE

INVESTMENT OPPORTUNITIES IN ALL DIRECTIONS

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PUNE IS SEEN AS ONE OF THE CONTRIBUTING CITIES TO ASIA’S ECONOMIC RISE. THE CITY IS RANKED AT NO. 42 IN TERMS OF ECONOMIC COMPETITIVENESS IN A LIST THAT FEATURES 60 GLOBAL CITIES.

SOUTH PUNE

Key Locations: Parvati, Sinhagad Road, Kirkitwadi, Ambegaon, Warje, Katraj, Wanowrie, Kondhwa, Mohammadwadi Road, NIBM, Salisbury Park

Area Highlights: South Pune in the past one year has seen immense sales traction due to government’s announcement of new villages being taken under the purview of PMRDA to improve the infrastructure in these areas. South Pune also has an availability of affordable compact homes in Undri and Pisoli which lie on the Pune - Solapur highway.

IN SOUTH PUNE Ongoing: Lake Shire in Ambegaon (nearing possession), Wind Shire on Kirkatwadi-Nandoshi Road. Upcoming: Anantam on Katraj-Kondhwa Road, City Scapes on Sinhgad Road.

EAST PUNE

Key Locations: Bund Garden Road, Boat Club, Koregaon Park, Kalyani Nagar, Viman Nagar, Kharadi, Hadapsar, Wagholi

Area Highlights: East Pune is one of the most developed and sought after property markets of Pune having a good blend of residential and commercial properties. The growth is being driven by areas like Kharadi, Viman Nagar, Magarpatta City and Kalyani Nagar. The area is also seeing a demand fl owing in from the nearby industrial hubs of Shikrapur and Ranjangaon. Owing to the proximity of Pune International Airport, the area is home to majority of 5-star hotels, malls and multiplexes.

IN EAST PUNE Ongoing: Guardian Eastern Meadows in Kharadi Annex and Hill Shire in Wagholi.

NORTH PUNE

Key Locations: Pimpri, Chinchwad, Akurdi, Nigadi Pradhikaran, Talegaon, Bhosari, Moshi, Chakan

Area Highlights: North Pune lies on the old Pune – Mumbai and Nashik Highway. The most prominent localities are Pimpri, Chinchwad, Akurdi, Nigdi, Bhosari, Moshi and Chakan. It is one of the biggest industrial zones in India and is fast becoming the next Automobile Hub of the country. Accessibility to these industrial areas and IT parks in Talawade, Tathawade and Hinjewadi is likely to propel the real estate growth in these areas. Excellent infrastructure, planned development and connectivity with Pune is fuelling the growth prospects of North Pune.

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KHARADI IS THE MOST PREFERRED LOCATION FOR INVESTING IN PUNE. THIS AREA IS EXPECTED TO CREATE 2 LAKH JOB OPPORTUNITIES IN NEAR FUTURE.

PLANNED DEVELOPMENT APPROACH The jurisdiction of Pune Municipal Corporation is restricted

to city limits and ensuring the development of fringe areas is not its responsibility. Being IT Capital of the state, Pune sees an infl ux of people from all across the country. The prime objective of PMRDA is to accommodate this growth and ease the burden on the fringe areas. After taking the charge as Chief Minister of the State, Devendra Fadnavis announced formation of Pune Metropolitan Region Development Authority (PMRDA) at the onset of 2015 to meet the infrastructural demand of this ever-increasing metropolis.

PMRDA consist 2 Municipal Corporations – Pune and Pimpri-Chinchwad, 3 cantonment board areas – Pune, Khadki and Dehu Road and 6 talukas of Pune district – Maval, Pune, parts of Haveli, Bhor, Daund, Shirur, Mulshi and Khed. Pune, being closer to Mumbai, was always at an advantageous position. PMRDA will further increase its potential to attract global players. The day is not far, when Pune will be regarded as the next Economic Capital of Maharashtra.

PUNE IS RANKED AT NO. 43 IN THE LIST OF 100 LARGEST CITIES AND URBAN AREAS BY 2020. THE CITY WILL BE HOME TO MORE THAN 75 LAKH CITIZENS BY THEN.

PMRDA: REVITALIZING PUNE’S GROWTH POTENTIALTo ensure integrated development of Pune and its surroundings, the state government established Pune Metropolitan Region Development Authority (PMRDA) in early 2015. Within a year of its formation, PMRDA’s jurisdiction was extended to 6,617 sq. km. This made Pune urban agglomeration the state’s largest, ensuring the city’s growth in right direction and at right pace.

The PMRDA will technically end the subsistence of Pimpri-Chinchwad New Township Development

Authority (PCNTDA). PCNTDA is credited with the remarkable planned development of the Pradhikaran area in PCMC. The PMRDA aims to bring the same results over a much larger operational domain.

Apart from transportation, PMRDA will help in planned development of colossal landmass

for residential and commercial purpose. It will also help establish supporting infrastructure such as electricity, water supply, sewerage and internal roads. Thereafter, they will be released for development under a newly-formulated development plan (DP) and regional plan (RP) which will replace all previous plans. This developmental approach will have a refl ective effect on the property market in the Pune region.

The price of land as well as any kind of built-up property will rise substantially and the region will attract further domestic as well as foreign investments. PCMC – which already houses several global manufacturing giants - will be able to attract more such industries. This will lead to employment growth thereby fuelling commercial and residential space requirements.

IMPACT OF PMRDA

PUNE

Alandi

Khadki

Map not to scale

PMRDA’s JURISDICTIONMunicipal Corporations:

Pune and Pimpri Chinchwad Cantonment Boards:

Pune, Khadki and Dehu RoadMunicipal Councils:

Chakan, Lonavala, Talegaon, Saswad, Shirur, Rajgurunagar and Bhor

Villages: 857 Area: 6,616.79 square kilometersPopulation: 1.09 Crore

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Pune is recognized as a leading city in various aspects at several national and global forums. Be it the fastest growing international hub or the most resilient city, Pune secured its berth and is leading the way.

PEOPLE’S PARTICIPATION ADD JEWEL IN PUNE’S CROWN

PUNE IN ROCKEFELLER LIST OF 100 MOST ‘RESILIENT CITIES’US-based Rockefeller Foundation helps cities around the

world become more resilient to social, economic and physical challenges that are growing part of the 21st century. Pune found a place in its list of 100 most resilient cities across the world. The city was chosen from among more than 325 applicants on the basis of their willingness, ability and need to become resilient in the face of future challenges.

The selection has made the city eligible to receive funding to hire a Chief Resilience Offi cer, who will lead the city’s resilience-building process and engage stakeholders from across different government agencies, public and private sectors and various communities to incorporate diverse perspective and knowledge.

The city will also receive technical support to develop a resilience strategy that refl ects the city’s distinct needs and support and services needed towards implementing that strategy.

Other cities from India that have been included in the list are Surat, Bengaluru, Chennai and Jaipur.

ENVIRONMENT FRIENDLY CITY While embracing development, one needs to be

careful of protecting green cover. Pune Municipal Corporation (PMC) has achieved enormous success in developing eco-friendly city by implementing several environment friendly schemes.

Three Indian cities - Pune, Rajkot and Thane participated in the Earth Hour City Challenge 2015 competition organized by World Wildlife Fund (WWF). The city got selected for the competition on the basis of integrated public transport system forecasting the requirements of next 30 years, various energy-saver schemes, encouragement for the use of CNG in PMP buses and auto-rickshaws to make public transportation pollution-free and the maiden civic body in India implementing innovative ‘Eco-Housing’.

Seoul (South Korea) won the ‘Global Earth Hour Capital’ award while Thane became the ‘National Earth Hour Capital’. Incidentally, Pune’s efforts in adopting eco-friendly measures were specifi cally mentioned in the award distribution ceremony of Earth Hour City Challenge 2015.

CHINA AND INDIA WILL SEE 50 NEW SUSTAINABLE CITIES BY 2020; PUNE IS ONE OF THEM.

PUNE: LEADING THE WAY

Janaagraha, a Bengaluru-based NGO surveyed 21 cities across 18 states

in India and published a report titled, ‘Annual Survey of India’s City Systems, 2015’. Each city was scrutinized on parameters like city development plan, resources, peoples’ participation, transparency and political leadership.

While most of the cities fail to

maintain their erstwhile rankings, with consistent performance at different governance parameters, Pune improved its ranking to 4 from erstwhile 8. Highlights from Janaagraha’s 2015 report that signifi es Pune’s growth story : Pune scored 4.6 points for investing

adequate funds in public infrastructure and services by surpassing major

cities like Ahmedabad (3.8), Bengaluru (1.7) and Hyderabad (3).

Pune’s score in having adequate number of skilled human resources is (5.5) even more than New Delhi (3.8).

Being a leading IT hub, Pune scored 5 points in making optimum use of IT in governance, which is remarkable than cyber cities like Bengaluru (3.9) and

Hyderabad (1.7). With a score of 9.3 out of 10, Pune is

a truly democratic city of India as only Thiruvananthpuram (9.5) is ahead of the city. Pune overtakes all prominent metros and state capitals when it comes to ensuring democratic values in the governance.

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PUNE OFFERS BEST QUALITY LIFE

According to recently published Mercer’s Quality Living Rankings 2016, Pune is

a far better Indian city than major metro cities like Mumbai and Delhi when it comes to live a quality life.

While Hyderabad emerged as the best Indian city (139th ) followed by Pune (144th ), both Mumbai (152nd ) and New Delhi (161st ) could not manage to get position in the fi rst 150 global cities.

In its 2014 report, Mercer highlighted Pune amongst the top 8 fastest developing cities in the world. The survey had prominently mentioned Pune as new destination for industrial and fi nancial investments explaining how the city has favourable infrastructure for the IT and Automobile sector.

Humble Beginnings The beauty of Guardian Corporation

is that its growth story has been perfectly synchronized with that of the city. Soon after India opened its doors to globalization in early 90s, like several other Indian cities, Pune witnessed phenomenal growth in the fi elds of Manufacturing, Automobile, Information Technology and Real Estate. Guardian Developers was amongst the very fi rst construction companies to respond to bridge the gap of quality infrastructure. From setting up huge industrial set-ups of various reputed companies in and around Pune to providing quality residential facilities in Central Pune and also fast developing suburbs like Kothrud, Erandawane, Sahakar Nagar and Bibawewadi, Guardian Developers took every step to ensure its contribution in Pune’s development.

Extensive Diversifi cationInterestingly, Guardian is the only

realty group in Pune that has not restricted itself to the business of bricks and mortar, but explored other domains. These important domains help residents of Guardian to live active life by participating in various exciting events organized by other verticals of Guardian Corporation.

Guardian Holidays was among the very fi rst verticals that was established with an aim of exploring newer, fresher

shades of the world to surprise, excite and engage people at large and impact their lives. Guardian Holidays offer an experience to its patrons that is necessarily ‘More than Tourism.’ In all of 20 successful years of operations, the company has evolved and stayed abreast with the ever changing travel trends and interests of the customers.

To boost the existing mountaineering culture and incorporate methodical and ethical climbing approach, Guardian Corporation and Giripremi Mountaineering Club have jointly embarked on a mission to start a fi rst of its kind mountaineering institute in Maharashtra at Mulshi, near Pune and on 24th January 2015, Guardian Giripremi Institute of Mountaineering (GGIM) was offi cially launched at the hands of Ms. Sarita Devi, India’s Olympic Boxer and veteran mountaineer N. K. Mahajan. In its brief journey of one-and-a-half-year, GGIM has swiftly executed several challenging Himalayan expeditions including Mt. Everest, Mt. Indrasan, Mt. Makalu, Mt. Cho Oyu, Mt. Dhaulagari, Mt. Lhotse, Annapurna to name a few.

Located at serene Havelock Island in Andaman, Ocean Tribe Scuba Diving Centre is another exciting venture of Guardian Corporation. Equipped with an experience team Ocean Tribe also runs a basic certifi cate course in scuba diving.

Established by Guardian Corporation

in 2011, Nrityayatri Art Movement Foundation is one-of-its-kind classical dance institute based in Pune, which emphasizes on providing knowledge beyond classrooms for classical dancers by arranging workshops, lecture demonstrations, performances by renowned artists and legendary Gurus.

With a constant goal of meeting the needs of our community and offering higher standards of living and lifestyle to the patrons, Guardian’s entertainment division Guardian Media & Entertainment (GME) got established. This division is currently working hard at developing cutting edge active entertainment offerings through popular formats such as theme and adventure parks. Projects executed by GME cater extensive range – from absolute entertainment attractions like animation parks, light and sound shows to specially suited places like planetarium, science parks, historical lands of myths and legends to religious parks that offer a complete devotional experience to the visitors.

In an attempt to regain long lost identity of Pune as ‘City of Bicycles’, Guardian Corporation has established LifeCycle Mall, a fi rst of its kind top end cycle store on Tilak Road in Pune. In the backdrop of overwhelming response recently LifeCycle had opened its second showroom in Baner area.

To know more, log on to www.guardiancorp.in or / GuardianCorp.in

Contact : 020-66413737/38

GUARDIAN CORPORATION: THE REFLECTION OF CIVILIZED PUNE Guardian Corporation, a two-and-a-half-decade young business enterprise in Pune is touching lives of thousands of people by entering into diversified domains. Started as a small construction company in 1991, Guardian is today emerged as a big conglomerate having presence in multiple spheres. A brief history of the group.

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Disclaimer: The information provided in this publication is intended only as a guide to some of the important considerations that relate to the real estate in Pune and surroundings. Facts, fi gures, market data and certain industry forecasts used in this publication have

been obtained from research, publicly available information and industry publications which have been appropriately referenced. Information presented in this guide should be considered as background information and should not be construed as investment advice.

Investors are required to conduct their own research to draw their own conclusions and make their own decisions.

References: Knight Frank: Residential Investment Advisory Report 2016 | India Real Estate - Residential and Offi ce (January-June 2015) FICCI, Knight Frank: Real Estate Sentiment Index, Q1-2016 (January-March 2016) ICICI Property Services: Pune Residential

Real Estate Overview (March 2016) McKinsey & Company: India’s Economic Geography in 2025 - States, Clusters and Cities (Identifying the High Potential Markets of Tomorrow) | India’s Urban Awakening - Building Inclusive Cities, Sustaining Economic Growth

PropEquity: Top 10 Cities in the Indian Real Estate Market KPMG: Indian Retail - The Next Growth Story | Indian Real Estate (Opening Doors) PricewaterhouseCoopers (PWC), The Indian Express Group: How Smart are our Cities? Grant Thornton: Indian Real Estate

Sector Handbook 2015 The Economist Intelligence Unit: Hot Spots - Benchmarking Global City Competitiveness Frost & Sullivan: Top 20 Global Mega Trends and their Impact on Business, Cultures and Society Jana Urban Space Foundation (JUDF) and Janaagraha

Centre for Citizenship and Democracy: The Annual Survey of India’s City-Systems (ASICS) 2015 - Shaping India’s Urban Agenda CommonFloor: Rental Tracker - Pune - Q1 2016 www.citymayors.com Various reports by PMC, MCCIA, ResearchGate

Edited and Designed by: MediaNext Infoprocessors Pvt. Ltd. l Published by : Guardian Corporation, Offi ce No. 101-102, Chintamani Pride, Kothrud, Pune – 411038 All rights reserved. The views expressed by authors are solely their own and the publisher may not subscribe to the same.

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