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Sep 25, 2012, 12.29 PM IST | Source: Moneycontrol.com

Pune developers: Ushering in the new generation

Pune's real estate market has been transformed in less a decade, and the credit goes largely to the infusion of fresh talent into the industry.

Pune's real estate market has been transformed in less a decade, and the credit goes largely to the infusion of fresh talent into the industry. There can be no progress without change, and it is change that the new generation of developers have brought with them. They have a fresh outlook on the real estate business, and the vision and zeal of youth on their side. They come from various backgrounds - some are the scions of existing real estate concerns, and some are absolutely new to the field.


In my opinion, those who have the benefit of continuing in established family businesses have had a greater advantage. They have the benefit of an existing business foundation and a loyal clientele. In India, the reputation and credibility of a development firm is built up over many years, and customers learn to trust certain brands for their proven adherence to quality locations, construction and after-sales service.
 

However, even brand-new entrants in the field are making a mark and we are seeing a lot of good work happening from them. They have the advantage of entirely breaking the mould and starting out, from the ground up, with fresh concepts and innovations. They can build their businesses to their own specifications, pick their own staff to maintain and build upon their own youthful edge and incorporate business practices which may sometimes meet with some opposition in older firms.
 
No matter what background they come from, the new generation of developers today have invariably had opportunities to a more cutting-edge education, and more exposure to the world markets. Many of them have travelled extensively and have seen new, modern concepts in housing in more advanced countries. They are able to bring these concepts to the table back home and adapt them to Indian requirements. For instance, the 'green homes' and 'smart homes' revolution in India is largely thanks to the fact that the new generation of developers have recognized the importance of these new concepts in India.
 
Young minds think alike. It is sometimes difficult for the older generation of developers to completely grasp the requirements of the current age. Pune is a city where youth drives everything in terms of growth - from the IT and IT enabled services sector to retail and car manufacturing. We find that the spirit of youth needs to be effectively interpreted and translated into today's home designs, and the new generation is helping us to do this very effectively.
 
Meanwhile. thanks to the infusion of youthful talent into the business, the older generation of builders is learning to change with the times when it comes to the designing of homes, to market their products to the right customer segment and to bring better efficiency to overall business operations. This matters a lot in a very individualistic market like Pune, where these younger developers have already made a huge difference. If we look at what Pune's residential market offers today and compare it with what existed only ten years ago, there is visible and profound change in almost every aspect.
 
We now have sleeker, more efficient designs, better construction techniques and the introduction of green and smart homes. These homes are designed and built for a younger, more aware generation of buyers who know what it means to want more out of life.

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Mumbai
Capital Values Rate/Sq ft (INR)
Aajiwali
3000 - 5000
Ambernath
3000 - 5000
Badlapur
1000 - 3000
Bhandup (West)
11000 - 13000
Chembur (East)
15000 - 17000
Chembur (West)
11000 - 14000
Dombivali (East)
4000 - 6000
Ghatkopar
13000 - 15000
Heeranandani Gardens Estate - Powai
25000 - 30000
Hiranandani Gardens Estate - Powai
25000 - 30000
Kalyan (East)
2000 - 4000
Kalyan( West)
3000 - 5000
Karjat
1000 - 3000
Khandala
8000 - 10000
Kharegaon
5000 - 7000
King Circle
17000 - 28000
LBS Marg
12000 - 15000
Lonavala
3000 - 5000
Mulund (East)
11000 - 14000
Mulund (West)
11000 - 14000
Mumbai Nasik Highway
3000 - 6000
Powai
15000 - 17000
Senapati Bhagath Singh Road
3000 - 5000
Sion (East)
18000 - 21000
Sion (West)
17000 - 22000
Tilak Nagar
12000 - 22000
Ulhasnagar
3000 - 5000
Vikhroli
11000 - 14000
4 Bunglows
17000 - 28000
7 Bunglows
13000 - 23000
Chandivali
10000 - 15000
Malad (East)
12000 - 14000
Versova
21000 - 24000
Airoli
4000 - 8000
Belapur
6000 - 9000
Ghansoli
6000 - 8000
Kalamboli
4000 - 9000
Kamothe
4000 - 6000
Nerul
7000 - 10000
Palm Beach Road
12000 - 15000
Panvel
3000 - 6000
Sanpada
8000 - 10000
Sea Woods
8000 - 10000
Ulwe
3000 - 6000
Uran
3000 - 6000
Vashi
9000 - 12000
Altamount Road
62000 - 72000
Breach Candy
62000 - 74000
Chowpathy
48000 - 58000
Colaba
42000 - 46000
Cuffe Parade
67000 - 69000
Dadar(East)
32000 - 34000
Dadar(West)
29000 - 32000
Lower Parel
32000 - 34000
Mahalaxmi
38000 - 40000
Malabar Hills
68000 - 75000
Mumbai Central
23000 - 34000
Napean Sea Road
66000 - 74000
Parel
26000 - 34000
Prabhadevi
37000 - 39000
Tardeo
41000 - 49000
Worli
36000 - 41000
Andheri (West)
18000 - 20000
Andheri(East)
15000 - 17000
Bevarly Park
5000 - 7000
Bhayander (East)
5000 - 6000
Bhayander (West)
3000 - 5000
Boisar
1000 - 3000
Borivali (East)
11000 - 13000
Borivali (West)
10000 - 14000
Dahisar
4000 - 8000
Goregaon (East)
13000 - 17000
Goregaon (West)
12000 - 14000
Kandivali (East)
12000 - 14000
Kandiwali (West)
11000 - 12000
Malad(West)
9000 - 14000
Mira Road
5000 - 7000
Naigaon
1000 - 4000
Nala Sopara (Eastt)
3000 - 5000
Nalasopara (West)
3000 - 5000
Poonam Nagar
6000 - 8000
Shanti Nagar
7000 - 9000
Shrishti
6000 - 9000
Vasai Road
1200 - 4000
Virar
1000 - 3000
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