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