The fair value of land in Pune is influenced by various factors including location, type of land (residential, commercial, industrial, agricultural), current market trends, infrastructure development, and government policies. Prime areas like Koregaon Park and Kalyani Nagar command higher prices due to developed infrastructure and proximity to business centers, while upcoming areas like Hinjewadi offer potential for appreciation. Understanding these dynamics helps investors and buyers make informed decisions. Conducting thorough market research, considering amenities and future developments, and consulting with professionals are key to determining fair land value in Pune's dynamic real estate market.