The fast growth in real estate prices in Pune in the past two years is a reason for the slowdown in the estate industry is a known fact. Recession in IT industry is also pulling the Property Prices down in Pune but the Builders are firm on their rates. The rates which are gone sky high in outskirts areas such as Wakad, Balewadi, Talegaon, Hadapsar,Wagholi. Even IT people who are getting 50K+ salaries are not dare to enter the property market at this moment. Think of a comman man whose earnings are in 15K. He can not buy a property or not even on rent.The Home Loan prices are going upto 12% also trying to pull this market.

If you want to Buy property in this current bull market try to negotiate with Builders atleast for 10-20%. You will get good deals if you really want to Buy the home.

The new real estate area is coming up in Pune is Hadapsar with great surroundings like Magarpatta City, SP Infocity and much more.
The rates are in range of 3200-6000 on Magarpatta Road. Near Gadital the rates very from 2600-3500 with great schemes like Vascon, Kumar Builders, Amar Buildes.
You can watch out on Handewadi Road which will give you the Best rates between 2000-2900 from Gini, Runwal,Eisha to name a few.
Yes, Buying a property in Pune is really became expensive but you can bargain with Builders to make most out of it.