New industrial policy unlikely to increase housing stock

He said only in case of multi-product SEZs that are spread over 100 hectares question of excess land would arise and in Pune district there are majority of single product SEZs. Thus, not much excess land will be there to be unlocked.

Meanwhile, while giving a cautious welcome to the move, the realtors of Pune were quick to point out how basic civic infrastructure will be a deciding factor for the growth of any big real estate project.

Atul Goel of Goel Ganga group said the housing sector of Pune will take at least two years to materialise. "Civic infrastructure like roads, drainage and other issues will play a key role in deciding whether special townships or other big real-estate projects will come up in the SEZs," he said.

Sanjay Deshpande of Sanjeevani Builder said, "The motive behind the policy is to ensure cluster development of the region, but given the present civic infrastructure it will be difficult to achieve such a motive," he said.

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