Saurabh Kulkarni
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Is it worthwhile to invest in property in Pune currently, especially when the rupee is falling continuously?

My comments to replies
Hi Saurabh, I do not think the rupee fall with harm the real estate industry so much. Yeah may be the property prices wont go up but it may remain stable. I feel this is the right time to invest in real estate market and after few years you may see appreciation.
I am planning to purchase a new property in Bavdhan area of Pune.. Considering the bad performance of Rupee, do you think it will impact the builders in reducing the cost? I am worried that once I buy one, the property rates will fall.. on the other hand, if I dont buy now, the property rates will anyway shoot up. I am dilemma!
2nd September 2013

Hi Pravakar, Today I read a news in Economic times which says that builders are going to cut down property prices and or offer feebies to sell out the properties. But property prices have softened by 0.92 percent in Pune.
Thanks Siddharth for your reply. You will agree that the builder lobby being so strong that they would avoid rate cuts, even if their flats dont sell for a while. The real estate prices have been soaring like crazy since Dec 2012.. a 2 BHK flat I saw in Jan 2013 at 56L costs about 69L now. :) What do you think?
2nd September 2013

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