DSK Sundarban – Upscale Office Spaces in Hadapsar, Pune

The demand for housing has increased in Pune owing to the constant influx of people from all parts of the country. This is mainly because of the increasing opportunities of better employment in the city of Peshawas. All this is mainly because of the IT / ITes revolution that this city has seen. The demand for office spaces in Pune has also increased tremendously.  Gone are the times when workspaces were strictly meant for work. People have realized that employees spend a long time in office. It is necessary for them to be at peace with themselves for good output. Commercial spaces in Pune are now getting bigger, better and smarter.

Developers are taking every possible step to ensure that their commercial spaces in Pune are in sync with the global standards. Be it the IT / ITes sector or banking and finance or anything else, every sector is realizing the importance of keeping their employees happy. Stress is the reason why people are not able to perform to the best of their abilities. Collectively, this makes an organization suffer. All this can be avoided if you buy a good property with proper amenities. One of such office spaces in Pune are is DSK Sundarban Commercial.

Located in one Pune east’s commercial hub Hadapsar, DSK Sundarban is well connected to all the parts of the city. This project offers ready possession commercial spaces. A multi-purpose commercial complex, DSK Sundarban is an ideal choice for software companies, institutes, health and fitness centers, gymnasiums, boutiques. This project has all the well equipped with all the modern facilities, ample car parking as well as generator backup to overcome power cuts, DSK Sundarban affords numerous opportunities to entrepreneurs for expansion and development, making it the first choice for all businesses and offices.

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A Unique Relationship: US Economy, Indian Software Industry and Pune Real Estate

Pune, once a pensioner’s paradise has witnessed a galloping journey towards being an industrial hub in the last decade, thanks to the Indian Software Industry’s special focus on the city. Pune stands only second to the Indian “Cyber City” Bengaluru in terms of the number of ITes companies. Indian Software Industry’s major revenue comes from their American clients; therefore the real estate scene of Pune is dependent on the American economy. Owing to the recession in United States of America, the property prices witnessed a tremendous fall globally, but with the global economy gaining momentum again ITes has begun aggressive hiring once again.

The importance of the ITes industry in Pune’s facelift can be judged by a statement of Mr. D.S.Kulkarni, Chairman and Managing Director, DSK Group told reporters: “Of late, with the IT and ITeS companies once again starting to hire people. This has pushed the demand for residential and commercial properties in Pune, especially along the eastern part. In this regards, areas such as Kharadi, Manjri, Magarpatta are seeing tremendous growth.

However, the rates have remained more or less stable due to the demand pressure.” Mr. Kulkarni further added for every 10,000 recruitments in the IT and ITeS sector, at least 13,000 people, including locals, get jobs to support them in various other industries such as retail, marketing and ancillary services. According to Mr. Kulkarni “Overall, there is a 30 per cent more generation in every business and this includes realty market as well. Currently, the prices are quite stable though there is no control on land prices, there is a rise in construction cost, besides the government has hiked premium in a big way. In the future, property rates are definitely bound to rise.” Also, the demand and supply ratio paints a gloomy picture for the Indian customers; the rising interest rates come as no respite either.

Pune’s real estate scene is experiencing fanatic activity with the American economy emerging from the troughs of recession. Pune is also witnessing an escalation in the quality standards of the housing and commercial projects of the Real Estate developers and leading the race is D.S. Kulkarni Developers. DSK Developers, one of India’s leading real estate developers have a very strong presence in Pune. They have been developing dream homes for their customers since decades; their completed projects include Vishwa, 3Carnations and Garden Enclave. Some of their upcoming projects are Gandhkosh, Meghmalhar and Saptasur. 

Property Loans – Impact of RBI guidelines on home loan borrowers

Real estate prices continue to climb and to add to problems of home loan borrowers, Reserve Bank of India has introduced some new norms and policies. These policies are bound to have an impact on the home loan borrowers and teaser loans are one of the areas where changes have been incorporated. Teaser loans were pioneered and promoted by State bank of India as low cost loans and these loans are offered at low fixed interest rates for the initial 2 to 3 years. After this initial period the interest rates go back to the normal floating rates.


The Reserve Bank of India has had serious reservations about teaser loans since it can be risky to the banks with borrowers being unable to pay the increased EMIs in the long run. For this purpose RBI increased standard asset provision on the teaser loans from 0.4% to 2%. Currently borrowers are able to get loans at low rates of 8% for fixed number of initial years following which the rates shoot up. The increased provisioning means reduced income for the banks.


Some banks that offer teaser loans include State Bank of India, ICICI Bank, Corporation Bank and Punjab National Bank. Borrowers opting for teaser loans should understand that the rates are low only for the initial years and they are bound to increase. The decision to buy a property should be taken only if the borrower likes the property and is able to pay increased EMI in the future. Base Interest Rates – Safeguarding interests of old and new borrowers.


As per the new guidelines given by RBI in April 2010 the lending rates will be fixed at base rate along with the borrower specific charges. The base rate will be fixed as per the cost of funds and so changes in interest rates will be passed to new as well as old customers. Banks will be allowed to experiment with the rates before the system is adopted from December 2010. Most banks are expected to determine their base rates in the range of 8 to 9%.


The purpose of this change is to allow increased transparency in rates of lending. Volatility in the market will also be reduced due to the base rate policy and there will be increased competitiveness among banks. Borrowers will be able to choose the bank that can best meet their requirements. Protecting interests of home loan borrowers through lowered loan to value ratio.


To exercise greater control over home financing sector in the country, Reserve Bank of India has made home buying an expensive proposition particularly for those who depend completely on bank loan. As per the new provision home buyers will now be able to get loan to the extent of 80% of the house value from the bank. The buyer will have to arrange the remaining 20% of the house value. Some banks were allowing loans of up to 90% of the house value and RBI introduced this new policy to curb this problem.


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