Property segment in Pune is always abuzz with activity. Pune's real estate is known to evolve trends in the housing segment in Western India. Residential real estate thrives because of the student population, while the commercial real estate is abuzz because of the IT firms. Private Pune property developers along with the Pune Municipal Corporation (PMC) have contributed significantly to the city's growth and infrastructure upgradation.
Now, the PMC is making efforts to encourage private builders and individual constructors to think about green buildings. The PMC has drawn an elaborate plan called ‘Green Pune’ which will encourage Pune residents to think about green measures building energy efficient buildings, treating garbage efficiently and planting trees.
In fact, the building of Auto Cluster Development and Research Institute Limited (ACDRIL) may be the first ‘green building’ in Pune. The construction of this building is in process and will be completed by the end of 2008. Sources say that auto cluster building will use sunlight for most day lighting. Also, architectural features like natural ventilation will be considered while completing the construction.
The Pune Real Estate Builders assert that they want to minimise the usage of electricity to a minimum for lighting and air-conditioning. The promoters of ACDRIL are trying to get the green certification from the US Green Building Council.
This building is being promoted jointly by the Mahrashtra Chamber of Commerce, Industries and Agriculture (MCCIA) and the Pimpri-Chinchwad Municipal Corporation (PCMC). This will involve an investment of Rs 118 crore.
Pune - better known as the Oxford of the East - is home to thousand of students and young professionals. Many resort to hostels and paying guest accommodation, while others look for buying serviced apartments in Pune.
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