http://www.business-standard.com/article/companies/slowdown-hits-pune-real-estate-unsold-inventory-reaches-to-2-8-lakhs-115071701045_1.html
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IT companies offered the best paid decent employment in this country (imagine mrwadi type family mgmt and poorly paid people in this country for 45 years).
Irresponsible investment into high cost low value apartment in metros led to the bad situation where It people worked hard to make the real estate tycoons (run by goons and politicians ) and banks rich. The schools in metros and pune which charge Rs one lakh for pre primary and primary classes are looting the careless IT professonal who like to show their apartment and the boast about the posh schools their child goes to.
first invest savings in income providing schemes, and take care of your health long hours in front of pc and sleepless ness means early death.
IT co are hushing up death due to stress and heart attacks by sending misleading broadcast mails.
IT companies are spreading poverty & unemployment ..BE/BTECH engineers ate now seen as poor & unemployed. By the society .. Thanks to the IT industry.
Need to be cautious better not to invest in costly real estate in pune. If u lose job and cant pay EMI u los the flat as well as the money paid (as only interest is collected in first 5 years)