Koregaon Park

Koregaon park

Koregaon Park is an area located in Pune, in the state of Maharashtra in India. This area is one of the most prestigious addresses in Pune, Maharashtra. The area was primarily a residential area with lush greenery, but of late has been growing into a Commercial hub as well. Property prices here are the highest in India after South Mumbai's Real Estate Market & Delhi’s Lutyens Bunglow Zone.

Old bungalows and parks can still be seen in the numerous narrow lanes of Koregaon Park. It holds the record for the maximum number of bungalows in one place in Maharashtra and most of its residents are among the wealthiest in the country, who get away from the city life to be surrounded by greenery. There are plenty of Europeans who have been residing here prior to Partition.

Roads and connectivity

Koregaon Park has two major roads: North Main Road (lies in the north of Koregaon Park) which runs in parallel to South Main Road (south of Koregaon Park). Link roads connect these two major roads. Koregaon Park is connected with another upcoming neighborhood, Kalyani Nagar, via the Aga Khan Bridge. Passage to Mundhawa and Magarpatta has been made possible by a recently constructed road.

Koregaon Park is located approximately 0.6 kilometres (0.37 mi) from the Pune International Airport and about 0.4 kilometres (0.25 mi) from the city's main railway station.

This region is surrounded by Kalyani Nagar, Yerwada, Ghorpadi, Magarpatta and Sangamwadi area. This area serves as a link between traffic from the Old Mumbai–Pune road to Pune–Ahmednagar road.

Shopping and entertainment

Malls exist, such as Nitesh Hub (formerly known as Koregaon Park Plaza Mall) and Jewel Square Mall. Nitesh HUB is the retail component of Nitesh Estates[1] Bangalore. Goldman Sachs backed the acquisition[2] of the mall with 37 million dollars.[3] The 1 million sq. ft. development which spreads over 6 acres includes a multiplex and a hypermarket. It is located in Koregaon Park, an upmarket residential area, and is the only shopping mall within a five kilometer radius in this area.

Theaters such as PVR & Inox are available.

Schools and colleges

The neighborhood contains the Poona School and Home for Blind, which is located on North Main Road. Sant Gadge Maharaj School is also located on South Main Road. Colleges such as Saint Mira's Women's College is in Koregaon Park and Wadia College is nearby.

2010 Pune bombing

Westin Hotel

The German Bakery, Chabad house, Osho International Meditation Resort and Bund Garden are located in Koregaon Park. On 13 February 2010 a terrorist attack took place in this area when German Bakery was bombed, killing nine.[4]

References

  1. ↑ "Nitesh Estate buys Koregaon Park Plaza".
  2. ↑ "Nitesh Estates signs partnership platform pact with Goldman".
  3. ↑ "Nitesh Estates, Goldman Sachs to invest up to $250 mn in real estate".
  4. ↑ "India restaurant bomb blast kills nine in Pune". BBC. 14 February 2010.

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