Pune real estate slowdown:In the comments, most of you express your concerns about sluggish US economy, future of an IT industry and job cuts.
'Are Pune real estate developers living in a fools' paradise?' you wonder, when new township projects are launched in Pune real estate market.
Most of us are convinced that builders in Pune are not aware about the imminent danger we all are facing. Some of us are even very sure about the crash of Pune real estate which is mainly driven by the growth of an IT industry in Pune.
Because we all are so overwhelmed, though we are aware about Indian IT industry's efforts to develop IT products and new markets like Japan to overcome this situation, we do not give much importance to these devel! opments, including initiatives to develop "animation and gaming industry" in Pune.
"Hi Tech Pune-Maharashtra 2008 conference" organized by MP Suresh Kalmadi's Pune Vyaspeeth, 40 acre Animation and Gaming Park in Nanded City Pune, DS Kulkarni Developers' joint venture for the training institute in it's upcoming Fursungi SEZ are some of the recent initiatives to promote animation and gaming industry in Pune. Which is supposed to be the 'next big thing' happening after Information Technology, Bio-technology and Auto-hub.
As per the Reuters' analysis "Growth ahead for more diversified game industry" by Kiyoshi Takenaka is, for sure, a good news for Pune real estate market. He writes:
"The video game industry looks set for at least another year or two of strong growth, driven by geographical expansion, a strong hardware lineup and growing pool of casual gamers.To update yourself about Pune real estate market, please, subscribe to my Ravi Karandeekar's Pune Real Estate Market ! News Blog. To know about my related blogs, please, visit my Google group, Ravi Karandeekar's Pune Real Estate Blog Group. Join me on Twitter!
Slowdown in the global economy and its chilling effect on personal consumption, which cast a long shadow over other industrial sectors, have not become a major source of concern, at least not yet"
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