The city of Pune to newcomers to the city often gives the impression of possessing a carnival atmosphere; it may after all be the youth capital of the country where many of the countries young people study and work. Much of the property in Pune is built keeping in mind the relatively young demographics of the city and an upward mobility found in only a few other urban centers in the country. Any young person in the country is guaranteed to have an enjoyable experience in Pune should they happen to visit the city.
House parties which take place often at flats in Pune are common, so is going out to a pub for drinks on weekends. The city has some of the best DJ’s in the country and loud music is often heard in the city at what would be considered odd hours in most other cities. Pune can be understood as a magnet for the young in the country who are drawn to it because there are so many of them in a city which also provides great professional opportunities for young people in their 20’s.
The young are so powerful a force in the city that property in Pune reacts to their whims and fancies. If a brand new must have expensive gadget is released in the country, it is likely to have an impact on real estate projects in Pune. How? Well a young person who is eligible to own property in Pune and has though of doing so may defer his or her purchase because of the prospect of owning the latest electronic product. Such a person could be the ideal homebuyer with a stable monthly income and of sufficient maturity and age, but the simple fact that the next must own product has been released makes him change his mind and defer taking out a loan as he or she can afford to wait to own perhaps a flat in Pune but not the said gadget.
Now consider that the city has thousands of such individuals and you and well imagine the large impact such a substantial number of potential homebuyers can have on the sale of flats in Pune and on its real estate market.
Youth culture in Pune also affects other aspects of the cities real estate sector. As we all know where a property is located is paramount when looking for a home. Now take into consideration the conflict between the old and the young. The young if possible would likely try to live without attracting attention or judgement from the elderly. They would like to live in an enclave separate from the those whom they consider mostly likely don’t understand them and may give them reason to reconsider their activities and chosen path in life. This has led to property in Pune at many locations to be occupied exclusively by young people separate from the other inhabitants of the city whom they consider to be party poopers. This separateness is not just directed towards retirees, even many over 35 are considered to be a different species to be avoided when in the relaxing company of friends to be spoken to only at the office or official parties after work.