| Pune till a few years ago was the Oxford of the | | | | hostels are also spring up all over the place. A lot of |
| East. Firmly established as an academic city; with the | | | | people from other places are investing in flats and |
| best and the brightest having many avenues to | | | | houses that are rented out to students. The good |
| advance their educational growth. A highly educated | | | | thing about renting to students is that there is no |
| workforce was what made Pune attractive to the IT | | | | problem related to them taking over the house, since |
| companies and they slowly started setting up shop | | | | they keep leaving every few years. The property is |
| here. Infosys was the first of the big ones to come | | | | safe.Pune's infrastructure still hasn't kept up with all |
| in. Other IT companies followed suit and now Pune is | | | | the growth. this is a cause for concern. Leaving this |
| firmly entrenched as one of India's premier IT | | | | factor everything else looks positive for Pune. the |
| hubs.This was what triggered the housing boom in | | | | pensioner's paradise is now being taken over by |
| Pune. Pune started expanding from it's Western end | | | | young IT professionals. NRI's who studied and lived in |
| at Hingewadi where the IT Park was situated. Land | | | | Pune and later moved to the US, are the biggest |
| prices in surrounding areas like Wakad, Bhugaon, | | | | investors in Pune today.Pune's proximity to Mumbai |
| Aundh, Balewadi have risen in multiples, in the last | | | | has meant that a lot of people with extra funds in |
| few years and still look very undervalued compared | | | | Mumbai, are investing their money in real estate in |
| to cities like Bangalore and Chandigarh. Current prices | | | | Pune. This has added fuel to the spiralling prices.Prices |
| around the IT park for land is around 1000Rs per sq | | | | in Pune still look realistic when compared to other |
| feet. This was about 700Rs, a few months ago. Pune | | | | metros and IT hubs. Places like Noida look hugely |
| is also growing from it's South East end. Kondhva is | | | | overpriced when compared to Pune. Without doubt, |
| fast emerging as a quickly growing suburb.Flat prices | | | | Pune is an extremely good investment destination for |
| in Pune range from 1000Rs-2600Rs in most areas. | | | | real estate.David Thomoson, an associated editor to , |
| Prices have escalated in the last 2 years and people | | | | is a contributing author to the for distinct article sites |
| are still buying. As long as the technology boom | | | | journals. Please feel free to visit for more information |
| continues and companies keep expanding in Pune, the | | | | on Real Estate, property and classified issues Or |
| real estate boom has no reason to dissipate.With the | | | | write to him AT Any comments and /or suggestions |
| educational institutions and more students coming in | | | | will be highly appreciated. |