Pune, Maharashtra (India), February 04, 2025: Pune’s budding businesses continue to attract more working professionals, and the city continues to evolve with its growing need for strategic urban renewal. In this changing scenario, Amol Ravetkar, veteran real estate developer and founder of the Ravetkar Group, uses his expertise in real estate to address these changing needs. His industry insights are invaluable for the growing urban population of Pune and Maharashtra.
Mr. Ravetkar shares five crucial aspects of urban redevelopment that developers and communities need to consider:
Infrastructure Modernization:
“Several structures in the city were built decades ago that no longer align with the modern living standards and space requirements”, says Mr. Ravetkar. He adds, “Modern amenities like adequate parking facilities, elevators and energy-saving systems should be integrated with these structures wherever possible.” He says this can improve the overall quality of life for those residing in such buildings.
Optimising Urban Spaces
Metropolitan cities like Pune and Mumbai need space optimisation due to the exponential growth in their population, which can be attributed to their job opportunities. To ensure comfortable living, Mr. Ravetkar advises strategically planning the spaces, including multi-use areas.
Government Support and Policies
Due to the growing demands, recent government policies have created favourable conditions for urban renewal in Maharashtra. These include a higher floor space index (FSI) and incentives for environmentally sustainable constructions, which motivate real estate developers to redevelop spaces across Pune.
Community-Centric Approach
Community engagement plays a significant role in ensuring the success of urban renewal projects. “Understanding the local communities and their needs is crucial for redevelopments to be respectful and acceptable for everyone.”, shares Mr. Ravetkar. Having helpful insights from the local communities helps address the specific challenges related to that community and unique ways to solve them.
About Ravetkar Group
The Ravetkar Group, established in 1984 in Pune established in 1984 in Pune, has been changing and redeveloping Pune’s real estate landscape for over four decades. This developer is now known for excellence in residential, commercial, and industrial developments. Through 39 years of dedicated service to Pune’s real estate sector, Mr. Ravetkar has earned the deep trust of the community.
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