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Koregaon Park or KP is an area located south of the Mula-Mutha River in Pune, a city in the province of Maharashtra in western India; this area is often viewed as one of the most prestigious addresses in Pune. The area was primarily a residential area with lush greenery, but of late has been growing into a commercial marketplace. Property prices here are the highest in Maharashtra after South Mumbai.
However, 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. Many residents of Mumbai have homes here and 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 06 kilometers from the Pune International Airport and about 04 kilometers from the city's main railway station.
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 Bangalore. Goldman Sachs backed the acquisition of the mall with 37 million dollars. 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
The German Bakery, Chabad house, Osho Ashram 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.
- "Nitesh Estate buys Koregaon Park Plaza".
- "Nitesh Estates signs partnership platform pact with Goldman".
- "Nitesh Estates, Goldman Sachs to invest up to $250 mn in real estate".
- "India restaurant bomb blast kills nine in Pune". BBC. 14 February 2010.