Making fools of the IT folks.....Rs 11000 to Rs 13000 psf for residential space....making 35% to 45% margins(profits)....residential real estate in Pune is now overpriced by about 15% to 25%, after accounting for reasonable margins.
So true these real estate mfs are the ones whose growth is happening, IT folks should stop talking about their salaries in open, even 50-60lpa salary is nothing infront of these REAL ESTATE MAFIAS
Nothing to loose. Kharadi has open land parcels whereas Magarpatta has no space left and already occupied. Kharadi, Wagholi, Wakad, Chinchwad are going to major IT parks in this decade.
