| |
Pune is known as OXFORD of the east, cultural capital of the State, pensioners' paradise, queen of the Deccan. Pune city has for decades carried with grace and charm the various sobriquets that have attached themselves to its name.
Real estate
The real estate market is also on the upswing because a large community of middle and upper middle class, loaded with disposable incomes coming in from their IT and call centre jobs and aspiring for life styles that their sojourns abroad have exposed them to, are opting to buy stylish apartments in townships that have everything from swimming pools, gyms, squash courts to recreation centers.
Engineering Companies
The city, which has traditionally been one of the fastest growing engineering hubs in the country and home to the likes of Tata Motors and Bajaj Auto among others, City has been creating new jobs in sectors as varied as IT, engineering, food processing, management, horticulture and floriculture. The last few years have seen the city develop into a major destination for the information technology industry which have arrived here in droves, drawn by its large, skilled talent pool, its work-friendly culture and also the life-style opportunities it offers
IT Future
The city is home to some of the biggest IT players today. While the software service and BPO industry has traditionally driven the IT growth in Pune, a core group of majors in the IT space are now working towards ensuring that future growth is fuelled by its ability to develop technology and products. Players in the IT-enabled services have also been quick to home in and leverage the city's graduate, English speaking talent pool. HSBC Bank's development centre in India is based out of here while other major players such as EXI, mSource, Converges, and vCustomer have set up shop and is now charting out ambitious expansion plans for next year.
Infrastructure Expressway
(MSRDC) ambitious Mumbai - Pune expressway. The multi-corer project was constructed against the backdrop of much public outcry, especially by environmental groups who pointed out that it would cause enormous damage to the fragile eco-system of the verdant ghat section. And while environmental concerns still remain, the expressway has paved the way for investments into the city, which is now only a couple of hours drive away from the metropolis. Always under constraint because it does not have an international airport, the city's corporate community have for years been pointing out that growth to its full potential will not happen unless the city is well-connected. . The expressway, meanwhile, has made it possible for prospective investors and entrepreneurs to arrive in Mumbai, drive down to Pune in a couple of hours, check out its potential or sign on the dotted line and hit the metropolis, all within the same day!
|