India Expat Forum - Very Nervous - Move to Pune

login login  register register  Print This Topic print Post New Topic
Author
AP
View Profile 
Login to Contact

From: United States
12/20/2006 15:35    
00abuse reply to this message reply 

Hi,

Recently my husband got a job offer in Pune.

We have been living here in the US for the past 10 years. Before that we were in Ahmedabad India.

I have a few questions on Pune

How is the health system there?

Which schools are the best in Pune?

How is Life in Pune?

(For Family, Clubs etc)

Which areas aer the best to live in - for families ?

What is the real - estate market like over there? I saw several housing projects -none of them had pricing listed on it.

If we want to buy a nice house (pref. Bunglow) atleast 4 bedrooms, how much would it cost?

Is it a more welcoming place for Non - Punites...did I say it right?

How much money do you need per month to live comfortably?

These should be covered in the comfort level :-

Education for two kids
Classes and all for two kids (Liek swimming etc)
Two cars
Food
Monthly exp for house - phone , electicity
Entertainment - movies , dinner out. (atleast 2 times a month)


Please give in any more information that you might have. I am very nervous even being an Indian from my heart.

AP

cec
View Profile 
Login to Contact

From: United States
12/22/2006 14:51    
00abuse reply to this message reply 

Hi AP -

I'm an American who lived in Pune last year with my family, including 3 kids. The answers to a lot of your questions depend on what kind a lifestyle you are seeking - traditional expat or more Indian - and how long you are likely to stay. Pune is growing at a terrific pace, and I think you will find the experience very different than what you found in Ahmedabad 10 years ago.
------

There are new schools going up all the time, including new international schools, but they are mostly targeted at the growing group of Indian professionals who want their children to have more exposure to an international curriculum while still focused on the Indian board exams. The traditional IB school, where most (but not all) expat kids go is the Mercedes Benz International School, set up by the MB factory some years ago. I know a few expat kids who are going to Symbiosis, and others go to some of the more progressive private Indian schools.
------

I think you'll find just about any kind of healthcare you need in Pune, including several good hospitals, but with an Indian flavor (e.g., antibiotics prescribed for everything). However, it is not a very healthy city to live in, as it is one of the most polluted cities in Asia.
------

Traditionally, expat families have clustered in Koreagon Park, an old neighborhood in central Pune, but that's changing, as the new software parks and factories are mostly on the outskirts of the city. Now you can find expat families living out in the western parts of the city (e.g., Aundh, Baner) and the new developments in Kalyaninagar. KP tends to be more expensive, and the housing stock is older, often with outdated infrastructure. Newer housing societies are more likely to have amenities, as well as more reliable basics. Also, the traffic and roads are bad, and getting worse (check out http://www.pttf.net/go/ ), so proximity to work and schools becomes an increasingly important factor. (The bus ride from KP to the MBIS school was often an hour or more.)
------

The real estate market is out of control. I don't know about buying, but rental prices seem to be doubling about every 3 years. We lived in a 4 BR attached bungalow in a new housing society and paid 50,000, which my Indian colleagues thought was outrageously high, but we've heard about bungalows in some of the nicer societies going for 3 times that now.
------

Day to day living expenses seem minor, after housing and schools. Movies are about $2. Our big splurge was a weekly trip to Pizza Hut which ran somewhere around $25, I think. I went to a nearby fitness club for swimming, at less than $1 a session. Food, clothing, lessons, etc. are also less expensive than in the U.S. The other big cost you'll find is a car and fuel.
------

Hope this gives you some info to start with. I suggest you request HSBC's country guide for India, which has good info on Pune (they have a large development center in Pune), at https://hsss.hsbc.co.uk/offshoreform/country_guide.htm . And of course, you should visit, and seek help from the company that made the job offer to your husband. It's a big city, with lots to figure out. Good luck in your decision-making process.

- Cindy

AP
View Profile 
Login to Contact

From: United States
1/2/2007 17:29    
00abuse reply to this message reply 

thanks Cindy for your very detailed reply.

While asking question I forgot the most basic question of all....
and I think you would know the answer.

What are the Tax rules for US citizens working in India? I know you dont have to pay taxes upto 80,000 dollars in the USA as an expat worker. But would you be able to shed some light on details like
what about the money over 80,000K. Is it taxed at the higher bracket in the USA (like the regular income above 80,000K) or is it treated differently.

If we both (husband and wife) work would the tax break increase?
Go up to 1,60,000K


Please let me know.
thanks

cec
View Profile 
Login to Contact

From: United States
1/3/2007 09:21    
00abuse reply to this message reply 

Sorry, I don't have the answers for the tax question! What I do know is that the tax rules for U.S. expats changed rather significantly for this year, and most American expats will wind up paying more in U.S. taxes than in the past. Indian taxes are usually as high or higher than U.S. taxes, and you will probably also have to contribute to the Provident Fund (similar to U.S. social security), and then apply for a refund after you leave India.

Jerker
View Profile 
Login to Contact
3/2/2008 20:02    
00abuse reply to this message reply 

Wondering if anyone could comment on recent developments in the rental market in Pune. I'm American and relocating to Pune w/ family. What are the good appartment complexes? Current price ranges? Schools? Thanks

ajaydudani
View Profile 
Login to Contact
3/29/2008 13:10    
00abuse reply to this message reply 

Prefer to stay in center of city.. Koregaon Park, kalayaninagar areas. The rental prices here are about Rs. 20 to Rs 28 per sq feet in these area depending on amenities of apartment (like backup electricity, security, gym, swimming pool) and if the apartment is unfurnished, semi-furnished or fully furnished.

If you use real estate brokers, they will charge you one month rent as their fees. Also around 6 month rent seems to be the norm.

There are a few international schools - check out this discussion on pune schools...
http://www.r2iclubforums.com/clubvb/showthread.php?t=893

Might have to register on the site.

I am currently in San Diego and have an apartment to rent our in Koregaon Park - let me know if you are interested in details.

ajaydudani
View Profile 
Login to Contact
3/29/2008 13:10    
00abuse reply to this message reply 

Prefer to stay in center of city.. Koregaon Park, kalayaninagar areas. The rental prices here are about Rs. 20 to Rs 28 per sq feet in these area depending on amenities of apartment (like backup electricity, security, gym, swimming pool) and if the apartment is unfurnished, semi-furnished or fully furnished.

If you use real estate brokers, they will charge you one month rent as their fees. Also around 6 month rent seems to be the norm.

There are a few international schools - check out this discussion on pune schools...
http://www.r2iclubforums.com/clubvb/showthread.php?t=893

Might have to register on the site.

I am currently in San Diego and have an apartment to rent our in Koregaon Park - let me know if you are interested in details.

Felicia
View Profile 
Login to Contact
4/6/2008 12:38    
00abuse reply to this message reply 

Hi,
We are negotiating a move to Pune as well, and I have all the same questions. Could you share your answers with me?

Thanks,
Felicia

All times are ET.  


Expatriate Health Insurance

Get a quote for expat health insurance.


Expat Banking India

Banking for expats in India.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals


International Moving Quotes

Moving to India? Get moving quotes.

Join Expat Exchange (FREE)

Become a member of Expat Exchange today to meet other expats in your area or get advice before moving overseas. Membership is FREE and takes 1 minute!

Subscribe to Our Weekly Newsletter

Subscribe to The Foreign Exchange, our weekly newsletter, read by over 70,000 expats worldwide:

PROPERTIES IN INDIA
Post a for Sale or Rental Property (free!)
CIGNA International Medical Insurance