Posting some insight on Apartment purchasing power of Pune Techies.
Its however my personal opinion.
Dono if it augers well with others though.Anyways, here it goes:
Assuming 5 times of Gross income is Eligible Loan Amount,
I have created this table which is as follows:
Type.......... AgeGroup.......Workex in Yrs.......AnnualGross.......Max Loan Amount*
Fresher........22/23.................0-1......... 2.0 - 2.5........... 12
Programmer.....23-26................ 1-3..........2.5 - 3.5........... 17
Sr. Programmer.26-27................ 3-4..........3.5 - 4.5........... 22
TL.............27-29................ 4-6......... 4.5 - 6.5........... 32
PL/GL/Asst Mgr 29-30.................6-7......... 6.5 - 8.0........... 40
Project Mgr....30-33.................7-10........ 8.0 - 11............. 55
Sr Mgr/ DM.... 33-36.............. . 10-13........11 - 15.............. 75
Note that
#1. Salaries mentioned above are gross not CTC which is funny and useless number.
32. Salaries above may not be applicable for bluechips like Credit Suisse/JD etc.
Now, for derivations from this table:
A 2bhk at 35L, one has to be close to 30 agegroup to buy or has to have done a Onsite .
If Pune has 1 Lac IT plus Auto Pros ( max 25% of total ) and
50 percent can't afford. in current setup,
20-25 percent have bought 1 home atleast,
20-25 percent probably looking at oppurtunity to buy.
This prospective buyer population will be about 20K-25K max!!
Assuming a 12 storey, 4 flats per floor, a building has at max 50 apartments. For a moderate 5 building society, total number of Professional required would be 250 (50*5) , 1 per family supposedly.
If Pune has 25K Professional (IT plus Auto) looking for flats, then max 100-120 such societies should be enough for 2-3 yrs.
Anything more, there are investors who have bought won't be able to sell off easily.!!!!
Thats my extrapolation.
Wednesday, March 24, 2010
Friday, March 12, 2010
The Plunge
Well,
Its 12 March today and having deliberated my thoughts over a couple of weeks now, it is imperative that something tangible does get harnessed out of weeks of Insomniac madness and awakenings.
What in the world am I writing!!
Its 2am and the day has just started.
As a cloud of desperation engulfs my thought process and procastrination messes up my sleep day in day out, I think it is time for me to finally decide what in the world ( sorry for the repeated of this word…just marketing my blog ..eh! ) am I going to do about this sick feeling I get whenever I have nothing much to dwell onto in my office.
I haven’t really done anything to redeem myself in my eyses since then.
Horses for cources it shall be, Trojon!! Impossible is often the untried.
amen.
Its 12 March today and having deliberated my thoughts over a couple of weeks now, it is imperative that something tangible does get harnessed out of weeks of Insomniac madness and awakenings.
What in the world am I writing!!
Its 2am and the day has just started.
As a cloud of desperation engulfs my thought process and procastrination messes up my sleep day in day out, I think it is time for me to finally decide what in the world ( sorry for the repeated of this word…just marketing my blog ..eh! ) am I going to do about this sick feeling I get whenever I have nothing much to dwell onto in my office.
I haven’t really done anything to redeem myself in my eyses since then.
Horses for cources it shall be, Trojon!! Impossible is often the untried.
amen.
Tuesday, March 9, 2010
Night Watch
Have developed this queer habit of being awake every night.... goning through IREF/Youtube/PG/ShareKhan not necessarily in that order.
Have high regards for people who wake early and want to be one
who wakes early as well but don't want to sleep to reach there.
He he..... that a very typical trait of mine.
Phal ki aasha ... w/o beej ropan and seva.
Have a great regard for a particular thread on PG called
'All I wanted tomspeak about CAT'.
Infact have a personal copy with my name in PDF , thanks to kind sould at PG.
Wonderfull forum.
Absolutely a boon for people preparing for the most difficult exam in the world.
Its is more relevant for those working in sylos and not in contact with similar mba aspirant junta.
Took a break in the last two years though.In 2008, I went onsite and hence missed CAT though I came back in October but had missed submitting the Application form.
In 2009, was simply not motivated enough for for billi - chuhaa daud khel.
I slept at 815am yesterday, woke in the afternoon at 1.20 pm and then rushed to Office.
Forgot to pick my cellphone though.
I hope to sleep early today or directly tomorrow.
Its 4.13 right now. Feel like having some good coffee. Ramu kaka ko bulaao!!
Have a large conversion project going Live tomorrow in Office
where I have been pretty much involved and lead from Offshore side.
So may have to keep awake tomorrow as well.
But in office.
Damn.
Hope it goes live without hitches.
Amen!!
Have high regards for people who wake early and want to be one
who wakes early as well but don't want to sleep to reach there.
He he..... that a very typical trait of mine.
Phal ki aasha ... w/o beej ropan and seva.
Have a great regard for a particular thread on PG called
'All I wanted tomspeak about CAT'.
Infact have a personal copy with my name in PDF , thanks to kind sould at PG.
Wonderfull forum.
Absolutely a boon for people preparing for the most difficult exam in the world.
Its is more relevant for those working in sylos and not in contact with similar mba aspirant junta.
Took a break in the last two years though.In 2008, I went onsite and hence missed CAT though I came back in October but had missed submitting the Application form.
In 2009, was simply not motivated enough for for billi - chuhaa daud khel.
I slept at 815am yesterday, woke in the afternoon at 1.20 pm and then rushed to Office.
Forgot to pick my cellphone though.
I hope to sleep early today or directly tomorrow.
Its 4.13 right now. Feel like having some good coffee. Ramu kaka ko bulaao!!
Have a large conversion project going Live tomorrow in Office
where I have been pretty much involved and lead from Offshore side.
So may have to keep awake tomorrow as well.
But in office.
Damn.
Hope it goes live without hitches.
Amen!!
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