Kalyani Nagar

 

One of the most sought-after localities in eastern Pune, Kalyani Nagar is known for its ideal combination of upscale residential areas and IT parks. One can witness a seamless transformation of the landscape from buzzing offices and busy roads to serene townships. This unique quality has made this place an ideal location for IT professionals looking to settle down with their families.

 

Kalyani Nagar is a well-planned neighbourhood, having a mix of all the necessary facilities in short range. The local government has also been taking a conscious effort to continuously improve this region, through addition and modernisation of the infrastructure here. Its proximity to places like Kharadi, Hadapsar, Koregaon Park and Viman Nagar, all of which are IT hubs, has aided immensely in the growth of this place.

 

Perhaps one of the major factors that attract professionals to this area is that the commercial and residential pockets are not concentrated at one place, but rather interspersed throughout the region. This makes it easier for working people to reside close to their workplace, thereby saving time and money on commuting.

 

Kalyani Nagar also has a host of recreational and entertainment options for the weekend, apart from the necessary amenities. The Yerwada Bird Watching Point, Aga Khan Palace Garden, Thunderbolt Fun Games Centre, and Poona Golf Club are some of the recreational sites in and around Kalyani Nagar.

 

Connectivity and Transit Points

 

A wide network of well-laid roads provides excellent connectivity in Kalyani Nagar, and also to areas beyond. The Pune Nagar Road, East Avenue, North Avenue, Holy Cross Road, Vithalrao Vandekar Road, and Central Avenue are the major roads that pass through Kalyani Nagar, linking a number of crossroads across the area. The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) buses provide public transport in this area, connecting Kalyani Nagar with all the major areas in the city.

 

The intra-city roadways are filled with heavy traffic for the most part, but the wide and spacious roads manage to accommodate it without getting blocked. The major bus stops in this area include Kalyani Nagar, Gold Adlabs Multiplex, Wadiya Bunglow, Patil Garden, Tata Service, Shastri Nagar, and Aga Khan Palace. Apart from public transport, people also rely on auto rickshaws and taxis to a large extent for their daily commute.

 

Pune Railway Station is located at a distance of 5km from Kalyani Nagar. The airport road provides connectivity to Pune Airport, situated 4km from Kalyani Nagar.

 

Major Landmarks

 

●       Aga Khan Palace Park

●       Damodar Ravji Galande Patil Park

●       Yerwada Bird Watching Point

●       Gold Adlabs Multiplex

●       River Beautification Project Park

●       The Cerebrum IT Park

●       The Bishop School

 

Factors for Growth in the Past

 

Kalyani Nagar derives its name from the famous industrialist, late Dr Neelkanth Kalyani. He had pioneered the Kalyani Forging Company in the 1960s, and owned a number of notable companies like Optronica. It was his effort that started the ball rolling, with many IT giants setting up offices in the vicinity. Renowned companies like HSBC, Capgemini, and Cybage were among the first ones to establish offices in this region.

 

Soon after, a number of IT parks rose up, attracting a large influx of professionals from across the country. Realising the potential of this city, the government also played its part in building the city’s infrastructure to meet modern demands.

 

Residential & Commercial Market

 

Residential Market Trends

 

Since 2008, the residential real estate market has escalated steeply in Kalyani Nagar. The emergence of numerous multi-storey and luxury apartments has piqued the interest of investors from all corners of the country. As a result, this area has developed into a posh, upscale residential destination.

 

Currently, the prices for multi-storey apartments in Kalyani Nagar have reached around Rs 9,900 per sq. ft., from Rs 5,100 in the first quarter of 2008. Independent houses in Kalyani Nagar have also experienced an apprecition in prices, with a maximum of about Rs 11,480 per sq. ft.

 

Commercial Market Trends

 

The commercial real estate market in Kalyani Nagar has been witnessing a steady growth in the recent past, owing to the ever-growing IT / ITeS and BPO sectors. As per the latest statistics, the rental prices in Kalyani Nagar for commercial offices in the IT sector range from Rs 45-55 per sq. ft. For the non-IT sector, the rates vary from Rs 55-105 per sq. ft.

 

Major Challenges

 

Although Kalyani Nagar has undergone massive development in the past few years, the residents still face certain issues. Among these, waste management is probably the biggest of all. Garbage dumps are constantly overflowing, and not being disposed adequately. Complaints have been registered in this regard to the local governing bodies, and the government has promised to take measures to eradicate this.

 

Factors for Growth in the Future

 

During recent times, the residential real estate sector has bloomed in this area, with many real estate giants such as Puravankara and BrahmaCorp undertaking several high-end projects. Today, Kalyani Nagar’s skyline is packed with luxury apartments and corporate structures, and this will continue to be a sight in the locality.

 

The rapid development of Kalyani Nagar’s infrastructure has set the stage for this area to become one of the most sought-after areas in southern India. Combined with the number of IT parks being set up and upcoming residential projects, this place is one to look out for in the near future.

 

Mumbai-Pune Expressway has also played a major part in the city’s growth so far, and more expressways linking Pune and neighbouring metropolitan cities are being proposed.