To Identify the Factors Affecting on Setup of New Township in MIDC Area

Abstract

Increasing expenditures and financing charges on housing credits guarantee a property in a linked township springing up in the city's borders, making city home ownership increasingly inconvenient and expensive. These townships are billed as India's new land improvement strategy to satisfy urbanites' wealth and goals. Despite their initial launch, these independent townships with private, retail, and business operations will quickly spread across the country. Demographically, urbanization is the growing urban population of a nation. Due to rising urbanization, 52 percent of Maharashtra's population lived in urban areas in 2021, compared to 39 percent nationally. Given the expanding population in urban Maharashtra and Mumbai, the government has prioritized connecting new townships to better communication. Development is typically thought to improve people's lives. Net rural-to-urban migration drives most urbanization. Due to increased migration from rural to Pune city, population growth, traffic, drinking water, and other issues affect Pune residents' lifestyles. This study concentrates on Town-1 MIDC Park Project near Dehu and Jadhav Wadi. This area is neglected, but Maharashtra has allocated about 100 crores to develop it.