Pune witnessed of highest price rise in last 6months in realty market

Data collated in the report on the top 20 micro-markets constituting two-third of (67%) of the unsold stock highlights those fringe areas of Pune

Pune: Pune realty market has witnessed of highest growth in the last six months, whereas the cities are facing downturn in real estate market. According sector watchers report contains information gathered from 1846 projects having a total of 1,74,981 apartments at various stages of construction across the Pune Metropolitan Region and is by far the most extensive report published on the Greater Pune real estate scenario.
There has been no credible data about the Pune real estate market thus far. At best there have been guesstimates. The problem has been further compounded by the fact that greater city is governed by 3 jurisdictions (the Pune Municipal Corporation, the Pimpri Chinchwad Municipal corporation and the Town Planning department).
Rohit Gera, Managing Director, Gera Developments while commenting on the report said, “We have been conducting research on the supply side of the market over the last few years. We have been tracking project launches, prices, sales/off-take etc across the entire Pune Metropolitan Region.
However data collated in the report on the top 20 micro-markets constituting two-third of (67%) of the unsold stock highlights that fringe areas of Pune – such as Wakad, Hinjewadi, Kharadi or Hadapsar – seem to be witnessing the highest price rise in the last six months. The 20 micro-markets saw an average increase in prices of 18.5% in the last 12 months, the report said.





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