Professional Documents
Culture Documents
ECO
PULSE
October 2008
Prepared by:
Nusrat Ahmad
Email: nusrat.ahmad@assocham.com; nusratahmad4@gmail.com
ASSOCHAM Research Bureau.
Pune to become seventh metro city in India
Pune is set to join the league of six metropolitan cities in India with the
The rising appeal of Pune is evident from its highest real estate prices and
The AEP study on “The 7th emerging metro city in India” analyzed four tier
eight parameters necessary for a metro city. They included social infrastructure,
As per the analysis of the emerging cities based on various parameters, Pune
Ahmedabad was the second most potential city providing good infrastructure and
facilities and connectivity. Lucknow was placed with third rank as it needs to pick
was ranked at the fourth position though it was ranked foremost in financial
“There is a grave need for a seventh metro city in our country as most of the
present six metro cities in India are facing pressure of rising migrant population,
office and residential space and rising rental cost” said Mr. Sajjan Jindal,
President, Assocham. At present, there are six metro cities in India including
infrastructure. The city with literacy rate of 79.89 per cent has high grade
institutes like IIM, NID, NIFT, EDII etc. The city of Nawabs, Lucknow with a
literacy rate of 83.5 per cent and presence of quality educational institutes
Both Pune and Chandigarh were assigned 3rd positions respectively on the social
infrastructure parameter.
Pune has a literacy rate of 80.73 per cent and skilled population, the city is a
place of high grade institutes including NIBM, NIC etc. However, 81.9 per cent is
The Queen of Deccan, Pune with maximum number of malls and multiplexes (26)
and star category hotels (25) notched the top position. The second rank was
occupied by Ahmedabad, with the city having 25 malls & multiplexes and 17 star
category hotels. Chandigarh and Lucknow was placed at 3rd and 4th position
respectively.
The favourable location and smoothen process of acquiring land along with the
high property prices are few sub parameters of real estate cost and
Pune has outpaced the other three cities on the parameter of real estate prices
real estate market. Ahmedabad occupied 3rd rank while Lucknow at the bottom
position was considered as most time consuming city in terms of process for
acquiring land.
A well connected city plays a vital role in the development of the attached
southern part of India. There also exist an international airport and two national
highways. The good connectivity led the city to occupy first rank.
Similarly, Ahmedabad also grabbed the first position on the connectivity
provides access to different parts of Gujarat as well as the country. The city has
an international airport and one national highway that is part of the golden
quadrilateral project.
Pune has an international airport and three national highways but absence of
Chandigarh with the last rank consists of a non junction railway station, a
Parameter describing educational facilities in the cities takes into account the
sub parameters that further help in assigning ranks for each city. The sub
Pune, ‘The Oxford of the East’ is reputed for the presence of high class
educational institutes. The city is home to nine universities, 80-100 public and
private institutes along with six government recognized R& D centres. Out of the
four upcoming cities it aptly occupies first rank. The Golden City of East,
On the employment parameter, among the four upcoming tier II cities, Pune
carved the maximum share of 32.74 per cent in the total jobs tracked by
Pune is followed by Ahmedabad and Lucknow with a share of 20.67 per cent and
maximum job seekers in the order across the sectors including academics,
Among the four upcoming cities, Chandigarh with 9.21 per cent was the least
banks (as on march 2007), density of offices of scheduled commercial banks per
In terms of providing financial services facility to the natives of the city in respect
of above parameters, Lucknow occupied first position. The second rank was
rank.
outlook of the city. The sub parameters include progressive government policies,
infrastructure and rising quality of life that drives demand for products.
On the above parameters, out of the four cities, Pune is considered to be the best
second position, Ahmedabad and Lucknow notching 3rd and 4th ranks
respectively.