The infrastructure, essential amenities and facilities in Pune are on the verge of collapse. Roads are pathetic, pollution is terrible, electric supply is erratic, public transport totally inadequate, connectivity is poor and travelling a nighmare, weather is worsening day by day, traffic is haphazard, greenery is vanishing and there are hardly any public facilities like gardens and parks. The prices of real estate are too high and not commensurate with the Quality of Life. Why are people ready to pay so much? Are they getting value for their money? Are the prices just hyped up due to speculation or are they genuine? Will the prices of real estate in Pune fall in the near future once people realise they are not getting value for money in terms of quality of life?
2006-11-06 17:35:30 · 5 answers · asked by Vikram Karve 2 in Business & Finance ➔ Renting & Real Estate
No, not at all, wherever Pune is. The money is going straight into the politician's pockets or the local mafia crime boss, but not back into developing the area effected by the high priced RE.
2006-11-06 17:45:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
According to Investing Without Losing, a real estate investment book, there are several reasons for Pune's prices:
* Many of India's major software players such as Infosys, Fluent, Xansa,TCS, Tech Mahindra, Wipro, Patni, Satyam, FuzzeLabs, KPIT Cummins, Aztecsoft (Disha) , Persistent Systems, Geometric Software Solutions Private Limited,Neilsoft and Kanbay Software have a major presence in Pune.
* The world's second largest forging company Bharat Forge Ltd is also in Pune. Cummins Engines Co Ltd has a Research & Technology India center in Pune in addition to its manufacturing plant. Other Engineering companies include Alfa Laval, Sandvik Asia, Thyssen Krupp (formerly Backau Wolf), KSB Pumps, Finolex, Greaves India, Forbes Marshall, etc. Whirlpool as well as LG have appliance manufacturing plants near Pune. Frito Lay and Coca Cola also have their manufacturing plants in Pune. In addition, Pune is home to numerous small and medium-sized enterprises.
* Pune is also emerging as a prominent city for Business Process Outsourcing (BPO) companies. Companies like Convergys, WNS, Progeon, EXL and MphasiS have started their operations in Pune.
* Pune is extremely well-connected by road, rail, and air to most major cities in India such as Mumbai, Hyderabad, Bangalore, Delhi, Kolkata, Ahmedabad and Chennai. Pune Airport previously had only domestic flights, but has become an international airport with flights thrice a week going to Singapore as well as Dubai.
2006-11-08 14:25:37 · answer #2 · answered by John Rosa 3 · 0⤊ 0⤋
No way, prices are going to fall in Pune. It will remain rising
depending on supply and demand.
2006-11-07 00:40:38 · answer #3 · answered by AWA 2 · 0⤊ 0⤋
what about Mumbai? we are the worst effected, u r still better off. Mumbai has the India's worst infrastructure and essential amenities. politicians only talk, action is only 5 %
2006-11-06 17:56:06 · answer #4 · answered by pali@yahoo.com 6 · 0⤊ 0⤋
particular, it somewhat is considered. we would desire to consistently be frank, however the human suggestions isn't conditioned to hearken to each and all of the "frankness" suddenly, so opened up your frankness flippantly while conversing to somebody
2016-10-21 09:58:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋