Pune: The Latest Business Hub - Indian Real Estate Forum

Pinnacle · 08-10-07

October 8, 2007
The Economic Times
Everywhere one seems to look nowadays; every space, square foot and inch seems to be occupied by Realtors or another, IT space, residential or corporate structure. Gone are the days when Pune used to be known as the pensioner's paradise. The land of the Peshwas has been bestowed with new titles such as the Oxford of the East, the Silicon Valley, the tech city, etc. The retail market in Pune is booming like never before. It seems to be raining money these days as the investors, the builders and everyone in the corporate sector at large are exploiting all of Pune's resources and potential to the maximum. The rapid ascension of the IT sector has brought Pune from a being virtually unknown city to one which has witnessed a massive inflow of investors in the past.

Due to this, the wealth and infrastructure of the city has grown phenomenally, not only putting Pune on the global business map in a dramatic way but also exposing the youth of the city to a score of opportunities in the field of retail, IT, the hotel industry, the BPO industry and many more. Sparing no one, everybody from the smallest entrepreneur to the biggest players in the corporate sector seems to be raking in the big bucks that the city of gold has gathered in abundance over the last decade.

High-end retail market space is the one of the most sought after sectors in the market, with major developments all over the city.

The education sector of Pune has witnessed a massive influx of students coming in from all over the country and the world, plus the education sector has also witnessed an upswing in its business, which not only contributes to putting Pune as one of the global education destinations but has also benefited the various other sectors that feed of it.

ravikumar · 09-10-07

Nice info Pinnacle!

It’s nice to hear Pune is in the attention again.
Has anyone thought about improving the infrastructure?
Development also includes road network and water facilities.

There is a very bad condition of infrastructure in pune what do u think?

10-10-07

There is supposed to be a 146% over supply with regards to estimated absorbtion in the next years. So careful planning and treading is required.

vaastukhoj · 11-10-07

Hi, Pinacle ur analyses and information is good
what will be the reality position of pune after diwali for next 1-2 year
The more IT INDUSTRIES are cuming & also old co. making new space, is it possible that the infrastructure of these co. will get ready in next 6-7 months

compuwalah · 4 Days Ago

There was oversupply of 146% in 2007. Good data to look and then work out the price impact of same with current oversupply.

08-10-07	#1
Pinnacle Member Join Date: Nov 2006 Location: Mumbai, India Posts: 260 My Mood: Thanks: 0 Thanked 3 Times in 3 Posts	Pune: The Latest Business Hub October 8, 2007 The Economic Times Everywhere one seems to look nowadays; every space, square foot and inch seems to be occupied by Realtors or another, IT space, residential or corporate structure. Gone are the days when Pune used to be known as the pensioner's paradise. The land of the Peshwas has been bestowed with new titles such as the Oxford of the East, the Silicon Valley, the tech city, etc. The retail market in Pune is booming like never before. It seems to be raining money these days as the investors, the builders and everyone in the corporate sector at large are exploiting all of Pune's resources and potential to the maximum. The rapid ascension of the IT sector has brought Pune from a being virtually unknown city to one which has witnessed a massive inflow of investors in the past. Due to this, the wealth and infrastructure of the city has grown phenomenally, not only putting Pune on the global business map in a dramatic way but also exposing the youth of the city to a score of opportunities in the field of retail, IT, the hotel industry, the BPO industry and many more. Sparing no one, everybody from the smallest entrepreneur to the biggest players in the corporate sector seems to be raking in the big bucks that the city of gold has gathered in abundance over the last decade. High-end retail market space is the one of the most sought after sectors in the market, with major developments all over the city. The education sector of Pune has witnessed a massive influx of students coming in from all over the country and the world, plus the education sector has also witnessed an upswing in its business, which not only contributes to putting Pune as one of the global education destinations but has also benefited the various other sectors that feed of it. __________________ Ram

09-10-07	#2
ravikumar New Member Join Date: Oct 2007 Location: New Delhi Posts: 4 Thanks: 0 Thanked 0 Times in 0 Posts	What about the infrastructure in Pune? Nice info Pinnacle! It’s nice to hear Pune is in the attention again. Has anyone thought about improving the infrastructure? Development also includes road network and water facilities. There is a very bad condition of infrastructure in pune what do u think?

10-10-07	#3
puni Unregistered User Posts: n/a	There is supposed to be a 146% over supply with regards to estimated absorbtion in the next years. So careful planning and treading is required. Last edited by puni; 10-10-07 at 08:35 PM.

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11-10-07	#4
vaastukhoj New Member Join Date: Sep 2007 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Hi, Pinacle ur analyses and information is good what will be the reality position of pune after diwali for next 1-2 year The more IT INDUSTRIES are cuming & also old co. making new space, is it possible that the infrastructure of these co. will get ready in next 6-7 months

4 Days Ago	#5
compuwalah Senior Member Join Date: Dec 2009 Posts: 914 My Mood: Thanks: 2 Thanked 23 Times in 18 Posts	There was oversupply of 146% in 2007. Good data to look and then work out the price impact of same with current oversupply.