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hemanshu · 05-05-10

Another View ...

All IT Guys have u heard about Diversification ?

You work for IT Company
You invest in IT Companies (Employee Stock options ) as they provide good returns.
You Invest in property which is inflated by IT Location

Think

IF IT Industry goes in long recession

You Loose your job
You loose your stock investment-retirement saving
Your home worth nothing u cant sell at loss
U have huge loan.

Well its not imaginary
If this has happened in USA, it can happen in India as well. We need to learn from others instated of burning own fingers.

Regards
H

hiroshan · 05-05-10

Hi Guys,

I have joined this forum from past one month. I am leaving in pune from almost 10 years for education and then now job.

Buying a flat out in Pune has really become hard with the IT growth and general thought of people out here is buying at Wakad, Hinjewadi, PS and all those areas is not good due to unavailability of resources for family.
But the answer to it is their are few good points.

1. The biggest advantages of Hingewadi, PS, wakad, baner is; it is in PCMC. PCMC is far better than PMC for raods, water supply and other facilities developement. SO we will see, these areas will become liveble soon.
2. Coonectivity to NH4 and other highways is good.
3. Even to access city, you can reach to shivajinagar, deccan or any city area in 15 min due to new overbridge.
4. Resale in city has become really costlier and in same prize you will get a new one in these new areas.

It's acceptable that there are few issues of public transport and water supply. But I am optimistic that it will be solved soon if I know something abt PCMC.

harishkulks · 05-05-10

Quote:

Originally Posted by hiroshan

Hi Guys,

I have joined this forum from past one month. I am leaving in pune from almost 10 years for education and then now job.

Buying a flat out in Pune has really become hard with the IT growth and general thought of people out here is buying at Wakad, Hinjewadi, PS and all those areas is not good due to unavailability of resources for family.
But the answer to it is their are few good points.

1. The biggest advantages of Hingewadi, PS, wakad, baner is; it is in PCMC. PCMC is far better than PMC for raods, water supply and other facilities developement. SO we will see, these areas will become liveble soon.
2. Coonectivity to NH4 and other highways is good.
3. Even to access city, you can reach to shivajinagar, deccan or any city area in 15 min due to new overbridge.
4. Resale in city has become really costlier and in same prize you will get a new one in these new areas.

It's acceptable that there are few issues of public transport and water supply. But I am optimistic that it will be solved soon if I know something abt PCMC.

To be frank with you. I did not understand what are you trying to say.

sanav3 · 05-05-10

Quote:

Originally Posted by hiroshan

Hi Guys,

I have joined this forum from past one month. I am leaving in pune from almost 10 years for education and then now job.

Buying a flat out in Pune has really become hard with the IT growth and general thought of people out here is buying at Wakad, Hinjewadi, PS and all those areas is not good due to unavailability of resources for family.
But the answer to it is their are few good points.

1. The biggest advantages of Hingewadi, PS, wakad, baner is; it is in PCMC. PCMC is far better than PMC for raods, water supply and other facilities developement. SO we will see, these areas will become liveble soon.
2. Coonectivity to NH4 and other highways is good.
3. Even to access city, you can reach to shivajinagar, deccan or any city area in 15 min due to new overbridge.
4. Resale in city has become really costlier and in same prize you will get a new one in these new areas.

It's acceptable that there are few issues of public transport and water supply. But I am optimistic that it will be solved soon if I know something abt PCMC.

Baner is in PMC dude.. get your facts right

puser · 05-05-10

Quote:

Originally Posted by harishkulks

To be frank with you. I did not understand what are you trying to say.

Hingewadi is in PCMC and therefore its better to buy in Hingewadi, Wakad, Pimples instead of Pune, Baner is in PCMC

rsatitkar · 05-05-10

Quote:

Originally Posted by puser

Hingewadi is in PCMC and therefore its better to buy in Hingewadi, Wakad, Pimples instead of Pune, Baner is in PCMC

Hey it's not correct. Hinjewadi is neither in PCMC nor in PMC. It is still a 'grampanchayat'. PS, Wakad are in PCMC. And Baner is in PMC. The boundry line between PMC & PCMC is Mula river. On this side of Mula is Pune & on the other side it is PCMC. Baner is on this side and not the other side of Mula.

puser · 05-05-10

Quote:

Originally Posted by rsatitkar

Hey it's not correct. Hinjewadi is neither in PCMC nor in PMC. It is still a 'grampanchayat'. PS, Wakad are in PCMC. And Baner is in PMC. The boundry line between PMC & PCMC is Mula river. On this side of Mula is Pune & on the other side it is PCMC. Baner is on this side and not the other side of Mula.

Kindly tell Hiroshan, I ain't interested in West Pune

hemanshu · 05-05-10

Quote:

Originally Posted by rsatitkar

Hey it's not correct. Hinjewadi is neither in PCMC nor in PMC. It is still a 'grampanchayat'. PS, Wakad are in PCMC. And Baner is in PMC. The boundry line between PMC & PCMC is Mula river. On this side of Mula is Pune & on the other side it is PCMC. Baner is on this side and not the other side of Mula.

I am new to Pune so could you please tell me
What about Balewadi ? it is PCMC ?
And all part of Baner till highway is under PMC ?

Thanks

rsatitkar · 05-05-10

Quote:

Originally Posted by hemanshu

I am new to Pune so could you please tell me
What about Balewadi ? it is PCMC ?
And all part of Baner till highway is under PMC ?

Thanks

Yes all part of Baner till highway is under PMC. Balewadi is also under PMC.

hemanshu · 05-05-10

Quote:

Originally Posted by rsatitkar

Yes all part of Baner till highway is under PMC. Balewadi is also under PMC.

Thank You rsatitkar

05-05-10	#61
hemanshu New Member Join Date: May 2010 Location: Pune Posts: 29	Another View Another View ... All IT Guys have u heard about Diversification ? You work for IT Company You invest in IT Companies (Employee Stock options ) as they provide good returns. You Invest in property which is inflated by IT Location Think IF IT Industry goes in long recession You Loose your job You loose your stock investment-retirement saving Your home worth nothing u cant sell at loss U have huge loan. Well its not imaginary If this has happened in USA, it can happen in India as well. We need to learn from others instated of burning own fingers. Regards H Last edited by hemanshu; 05-05-10 at 06:58 PM. Reason: typo

05-05-10	#62
hiroshan New Member Join Date: Jan 2010 Posts: 11	Hi Guys, I have joined this forum from past one month. I am leaving in pune from almost 10 years for education and then now job. Buying a flat out in Pune has really become hard with the IT growth and general thought of people out here is buying at Wakad, Hinjewadi, PS and all those areas is not good due to unavailability of resources for family. But the answer to it is their are few good points. 1. The biggest advantages of Hingewadi, PS, wakad, baner is; it is in PCMC. PCMC is far better than PMC for raods, water supply and other facilities developement. SO we will see, these areas will become liveble soon. 2. Coonectivity to NH4 and other highways is good. 3. Even to access city, you can reach to shivajinagar, deccan or any city area in 15 min due to new overbridge. 4. Resale in city has become really costlier and in same prize you will get a new one in these new areas. It's acceptable that there are few issues of public transport and water supply. But I am optimistic that it will be solved soon if I know something abt PCMC. __________________ Roshan Rasane Pune

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