CHAPTER 1: INTRODUCTION- .. 9 1.1 Background ..- .. 10 1.2 Need of the study ..- .. 11 1.3 Aim & Objectives ..- .. 13 1.4 Scope and limitations of the study 13 1.5 Methodology: ..- 13 1.6 Log frame analysis: ..- 16 CHAPTER 2: OVERVIEW OF IT INDUSTRY 17 2.1 Evolution of the IT industry- 17 2.2 IT Industry in India..- 19 2.2.1 Overview of IT industry in India 19 2.2.2 India in the lead of IT services:- .. 19 2.2.3 Growth of Indian IT industry: 21 2.2.4 Structure: IT industry segmentation.. 23 2.3 Policy initiatives for the growth of IT industry in India 23 2.3.1 Central government policy initiatives for IT industry: .. 23 2.3.2 State government policy initiatives for IT industry: 25 2.3.3 Comparison of IT policies of different states: 27 2.4 Institutional framework ..- .. 28 2.5 Benefits of the industry to the country and society .. 29 2.5.1 Contribution to growth of the economy 29 2.5.2 Creation of employment opportunities 30 2.6 Implications of IT industry on Indian Real estate: .. 31 2.6.1 Importance of real estate in Indian Economy: 31 2.6.2 Impact of IT on the real estate industry: .. 32 2.6.3 Residential housing market on the upswing: . 33 2.6.4 IT sector creating multiplier effect on the economy: 34 2.7 Governing Parameters ..- 35 CHAPTER 3: CASE STUDY PUNE CITY- .. 37 3.1 Profile of Pune city ..- 37 3.1.1 Introduction to Pune ..- 37 3.1.2 Regional settings of Pune ..- .. 37 3.1.3 Linkages- .. 38 3.1.4 Demographic profile of Pune 38 3.1.4 Connectivity of Pune City- . 39 3.1.5 City growth ..- .. 40 3.1.7 Economic Base of Pune ..- 42 3.1.8 Physical Infrastructure in the city 43 3.2 Overview of Residential Real Estate Market . 45 3.3 Overview of IT-ITES development in Pune .. 47 CHAPTER 4: DEMAND ASSESSMENT- . 56 4.1 Primary Survey and secondary data analysis 56 4.1.1 Sample selection criteria:- .. 56 4.1.2 Survey of IT companies:- 56 4.1.3 Survey of IT employees- 58 4.1.4 Survey of Developers: ..- .. 59 4.1.5 Survey of Property Consultants: 59 4.2 Analysis of survey of IT companies .. 60 4.2.1 Company profile:- .. 60 4.2.1.1 Base of company.- .. 60 4.2.1.2 Year of establishment of IT.. 60 4.2.1.3 Ownership pattern of IT firms. 61 4.2.1.4 Type of work areas..- 61 4.2.1.5 Companies registered with STPI 62 4.2.1.6 Size of firms in terms of turnover .. 62 4.2.2 Current location status: ..- . 63 4.2.2.1 Ownership Pattern of built space:.. 63 4.2.2.2 Employee/space ratio: ..- .. 63 4.2.2.3 Present typology: ..- 64 4.2.2.4 Main Factors Responsible For Growth of IT in Pune 65 4.2.2.5 Important parameters: ..- .. 66 4.2.2.6 Facilities lacking in current location:.. 66 4.2.2.7 Difficulties faced in current location .. 66 4.2.2.8 Long term growth prospects of IT in Pune 66 4.2.3 Housing provisions for employees: 66 4.2.4 Future expansion plans: ..- 67 4.2.4.1 Willingness to expand:.- . 67 4.2.4.2 Preferred location for office 68 4.2.4.3 Approximate area requirement: 69 4.2.3.4 Preferred nature of transaction: 69 4.2.3.5 Amenities/ facilities for IT companies:.. 69 4.2.5 Preferences: ..- 70 4.2.5.1 Preferred Location: ..- 70 4.2.5.2 Preferred Destination: ..- 71 4.2.5.3 Preferred Composition: ..- .. 71 4.2.5.4 Building Typology:- .. 71 4.2.5.5 Specifications: ..- . 71 4.2.5.6 Proximity to social and physical infrastructure: 72 4.3 Analysis of survey of IT employees for residential preferences 73 4.3.1 Present Residence of IT employees and their preferences 73 4.3.2 Housing preferences: ..- 74 4.4 Findings from Primary Survey ..- . 76 CHAPTER 5: ANALYSIS OF DEMAND AND SUPPLY.. 78 5.1 Demarcation of zones: ..- 78 5.2 IT-ITES office space supply scenario 79 5.2.1 Ready possession:- 79 5.2.2 Under Construction:- 80 5.2.3 Under conceptualization: ..- 81 5.3 Analysis of Supply scenario: ..- 83 5.4 IT space demand supplyanalysis:- 86 5.5 Residential space supply scenario:- 87 5.5.1 Supply for Outright Purchase- . 87 5.5.2 Supply for residential rental units:..- .. 89 5.6 Demand Supply gap of residential spaces: 90 5.6.1 Demand-Supply Gap based on annual absorption of IT spaces.. 90 5.6.1.1 Demand for dwelling units in North West: . 90 5.6.1.2 Demand for dwelling units in North East: .. 90 5.6.1.3 Demand supply gap for dwelling units in North West: 91 5.6.1.4 Demand supply gap dwelling units in North East: 92 5.6.1.5 Additional residential BUA requirement: .. 93 5.6.1.6 Additional land area requirement: 93 5.6.2 Demand-Supply Gap Based On Annual growth Rate of IT employees in Pune 93 5.6.2.1 Estimation of demand for dwelling units in North west and North east :. 94 5.6.2.2 Demand supply gap for dwelling units: . 94 5.6.3 Demand supply gap in size of dwelling unit:.. 95 5.7 Findings ..- .. 96 CHAPTER 6: RECOMMENDATIONS AND CONCLUSIONS .. 97 6.1 Major findings:- . 97 6.2 Issues ..- .. 98 6.3 Recommendations: ..- 99 REFERENCES- .. 102