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Despite the fact that the property of the whole is in a recession, Pune real estate is stable. While industry experts have predicted a sharp decline in property values, Pune seems to be the prognosis.

Backing the statement are the following examples. At the beginning, within a few months of the announcement of a new project by the Magarpatta Township Development and Construction Company, 5,800 apartments of 20,000 planned were fully sold out. This is despite the fact that the project is on the outskirts of Pune at Sinhagad Road. This is the case with several other projects, the Blue Ridge Township at Hinjewadi, which has seen strong sales in recent months.

Given that Pune was by no means a mainstream real estate destination it never a big drop in property prices. The slump was there but it was for a short period. Reasons Pune real estate agents, that it is the demand, but the people were associated with a reduction of prices, so they waited to buy an apartment in Pune. But on the contrary, prices escalated and so the demand.

Moreover, since the IT industry drives the demand for real estate in the city, first home sales form a major chunk of transactions happening in Pune. Inevitably, transactions as well as price escalation are the highest in the areas of Kalyani Nagar and Baner near two major IT hubs in the city. Besides the IT and BPO industry, the number of students continue to fuel demand for housing in Pune.

Renowned Pune real estate developers sack the view that the Pune property prices are on the move for a sharp decline. Pune real estate agents and local industry experts do not see any recession in Pune Real Estate industry for at least the next 10 years. Pune real estate developers confirm that demand is stable and outstripping supply.

George Gonigal gives you the best and latest information on Pune Real Estate Builders, If you want to buy apartments in Pune, he suggests you log on to magicbricks.com