Saturday, 7 January 2017

Pune Metro

Pune Metro

Believe it or not, the upcoming Pune Metro is actually going to give a complete make-over to the city. Especially, with the rising traffic, when the city is deep merged into smoke and smoulder, the implementation of Pune Metro will not only decrease the pollution rate to a significant extent, but will also perk up the living of the citizens way much higher.
A recent survey states that the expanding traffic of Pune can never be balanced by any road-based system or by any fly over. So, while the entire city has come under huge stress with the increased level of air and noise pollution, the proposal of Pune Metro has appeared just as a beam of gleaming ray.
Let's explore the history-

After the Delhi Metro Rail Corporation gave in the detailed project report in the year 2008, the Pune Municipal Corporation yielded the proposal to the Union Government and made space for a number of provisions in the yearly budget for the plan. However, Pune Metro Rail Corporation will be undertaking the project and is expected to complete the same in the next few years.
Although most of the metro routes were proposed to be elevated initially, after the citizens of Pune differed with the pitch, the authority decided to opt for a complete underground project. The roads were the major concerns which were too narrow to stand the enlarged traffic which would follow the construction. It was November, 2011 when the Maharashtra Government proclaimed that all the metro routes in Pune would be underground. However, again in the year 2012, the PMC decided to execute the entire project as stated in the DMRC report – mostly hoisted and partly underground.
The routes-
The 1st Line- Pimpri-Chinchwad to Swargate – this will be the first route of the proposed Pune Metro. After trailing through the elevated path up to Range Hills, it will follow the underground route to Swargate. According to the DMRC report, this 1st line of Pune Metro will further be expanded to Hadapsar and Nigdi via Bhosari, Khadki and Shivajinagar.
The 2nd line- The 2nd line of Pune Metro will be completely elevated and connect Ramwadi to Vanaz via Mangalwar Peth and Deccan Gymkhana. The main depot of this 15 km long route will be at Kothrud. As per the plan, the extended line will go up to Chandannagar and a split up route will also be there to link up the Pune Airport.
The 3rd line- Deccan Gymkhana to Bund Garden – this will be the 3rd route with Swargate and Race Course connected in between.
The 4th line- The route from ASI to Hinjewadi will again be the elevated one and is expected to bring in a huge convenience in the transportation.
Airport line- This elevated line will connect Bhosari to New Pune International Airport via Moshi and Chakan.
A better connectivity to experience-   
Pimpri Chinchwad- The first route of Pune Metro up to Swargate is expected to be a major hit! Locations like Pimple Saudagar, Pimple Gurav, Pimpri, Dapodi, Market Yard, Mandai, Budhwar Peth will be extremely benefitted with the plan. Especially, its underground course after Range Hills has elevated its importance yet more.
Ramwadi- The second route connecting Ramwadi to Vanaz is again going to mitigate the horrendous traffic on road and bring in a balance in the manner. Locations like Vimannagar, Kalyaninagar, Yerwada, Kothrud and even Warje will be highly benefitted with the scheme.
Deccan Gymkhana- After the successful implementation of the project, Deccan Gymkhana is going to get an elevated status, as it will not only make the transportation easy for FC College and Symbiosis College, but will also  well-connect a number of places including Pune Railway Station, Shivajinagar, Ruby Mall and many more.
Hinjewadi- The extension of 4th Pune metro route to Hinjewadi is actually going to perk up the entire transportation system of Pune. Although this particular plan from ASI to Hinjewadi was under controversy for quite a long gap of time, but the recent approval from the CM has appeared just as a toast to all the citizens. Hinjewadi metro station will be of great help to a number of adjacent locations including Balewadi, Patilnagar, Baner, Laxminagar and many more. Also, connecting North with the South, this metro route is really expected to bring in a quick transformation to the city.
Bhosari- Kalewadi Phata – The proposed metro rail in Pune is expected to be a bliss for the entire city and the extension from Bhosari to Kalewadi Phata is again not an exception for the people residing in the adjacent locations. Starting from Rudra Colony and Masulkar Colony to Sector 1 and Dhanwade Wasti, a greater cut of region is going to reap huge benefits from the much coveted Pune metro project.
Kasarwadi-Shastri Nagar – The construction of the project has not even started and the Pune metro map has already come as a stress-reliever for many of them who are nearly frustrated due to the huge convenience caused by daily traffic. The extension from Kasarwadi to Shastri Nagar will again be a big success. The adjacent areas including Kranti Nagar, Kashid Park, Yerwada, Vimannagar etc. will get in exclusive benefits from the metro route.
Bopodi- Chikalwadi, Aundh, University of Pune- Ever since the Pune metro news has hit the platform, the citizens are almost counting days for the execution of the same. The metro line connecting Bhopodi, Chikalwadi, Aundh and University of Pune is going to be a big respite for a major scale of people.   Moreover, this exclusive Pune metro route will be highly advantageous to the students from the University as well.
Also, the recent development plan approved by the State Government on 4th January, 2017 is expected to kick off the Pune metro project even earlier. Special emphasis has been given on the ‘influence zone’ and the locations like Shivajinagar and Peth areas are going to be highly benefitted from the same.
The bottom line-
To conclude, the implementation of Pune Metro will actually transform the city to an extra-ordinary height and bring in a number of opportunities for the property investors as well as the realtors. The advanced transportation is going to be a big stroke for the entire city.

Thursday, 5 January 2017

Pune Properties See a Significant Rise in December

Although there were an end number of misbeliefs and myths about the prospect of real estate sector after demonetization, all the misconceptions have now seemed to dissolve with the running stride of time. According to the top honchos in the industry, property registrations in Pune have seen a climb of 34 percent, while the state of Maharashtra has experienced 29 percent of the same. Compared to the documentations in the past few years, it is now expected that the real estate sector will nearly see a record in the growth by March, 2017.
Although the real estate market was quite down after demonetization, it has now seemed to recover slowly. All the eight divisions of the state have not only seen maximum registrations in December, but have also foreseen a great prospect in the near future. People who had planned for a registration earlier in November happened to postpone it up to December. And, especially, with digital transactions taking an upper hand nowadays, the per day average property registration has actually seen a steep growth.
A number of Studies have been conducted saying that there were many investors who might have inspected properties before Diwali , but preferred to wait after demonetization made its arrival. But, as soon as they took in there was no considerable change in the property prices, they might have clinched back the confidence towards registration. Moreover, the urban areas are not the only region witnessing the difference; the same has been experienced in the rural areas as well.
There was an over-reflexive reaction after the much debated ban on the big currency notes by Modi Govt. However, things have started getting normalized and all the rumors about the fall of property prices have seemed to evaporate with the fleeting time. It is expected that in the next three-four months, it will not only get much better, but with RERA crossing the line, the real estate industry is sure to experience a greater fortune.

Tuesday, 3 January 2017

Banks Welcome Lower Interest Rates.


       A Perfect Retort to Modi’s Appeal- Lending Rate Reduced by up to 90 Points. After RBI came with the decision of an unchanged Repo Rate on December 7, 2016, the recent verdict of Modi on yesterday has again left a deep surge on the entire real estate sector. The country’s leading public sector banks have slashed the MCLR by up to 90 points, making it an ‘easy-go’ for all the home buyers across the country. Among a number of rate cuts in the past years, this one has been marked as the steepest one, as it’s not only expected to perk up the loan growth, but is also  estimated as one of the most significant moves in the financial history of India.
MCLR (marginal cost of funds based lending rate) which has a direct impact on all the loans sanctioned in the country is decided to be 8 per cent instead of 8.9 per cent. Home loans of most of the public sector banks in the country are directly related to the one-year MCLR and the recent rate cut will be relevant to all the fresh loans granted to every home buyer in India. The expected interest rate between 8.25 -8.5 per cent is going to be a big relief to the entire community of the end users.
Apart from SBI, the other PSU lenders including Union Bank of India and Punjab National Bank have also decided to trail through the same path and slashed down the lending rate by 0.9 per cent. Also, IDBI Bank has announced the cutback by 9.2 -9.15 per cent, contributing to the move to a significant extent. The Prime Minister Narendra Modi’s appeal on December 31st to all the banks to pay special concern towards the demand of the poor and middle class people has been perfectly responded by the leading lender SBI as well as its subsidiaries.