Pune’s major hotel projects hit recession roadblock

[Ravi Karandeekar]

"Pune is essentially a business center and not a tourism-driven
market, so luxury hotels have hardly any takers.

For years Pune managed with four-luxury hotels with a maximum of
800 rooms.

Now suddenly 7,000 rooms were planned. How can it sustain?," Mr
Ravi Varma, broker and real estate consultant.
http://pune-hotel-rooms-service-apartments.blogspot.com/2009/11/punes-major-hotel-projects-hit.html