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