Real Estate Trends in Pune and Market Forecast
  • Posted by: Yatri Ajabia
  • 24th October, 2018

Real Estate Trends in Pune

Real Estate Trends in Pune and Market Forecast

Real estate trends in Pune are constantly evolving. This city is home to a lot of new people everyday. In order to accommodate all these people and provide them homes, the real estate market has seen a drastic growth. These real estate trends in Pune are so powerful that they affect the real estate market in Pune. This is one of the main reasons why it is important to study these trends and know the market forecast that is in store for everyone who is planning to invest in flats in Talegaon, flats in Pune,etc. Here are some trends and market forecast:

Property price trends in the top metro cities:

In order to understand the real estate trends in Pune, it is important to look at the real estate trends across the country. Here’s a glimpse of the price trends across top metro cities:

Location Price range (Rs per sq ft as on Feb 2018) Change in price per sq ft (-/+ in the last one year)
Mumbai
South Mumbai 60,000 – 1,25,000

(carpet rate)

-7.69
Mumbai Suburbs 20,000 – 85,000

(carpet rate)

N/A
Mumbai Peripheral 7,000 – 19,800

(carpet rate)

Stable
Pune (City Level) 12,000 – 16,000 1-2% correction
Delhi-NCR
Gurugram Golf Course Road: 10,000 – 17,000 2-3% correction
Golf Course Extension: 6,500 – 9,000 per sq ft
Dwarka Expressway: 4,500 – 7,000
New Gurugram: 4,000 – 7,000
Noida Greater Noida: 3,000 – 4,500 Stable
Central Noida: 5,500 – 10,000
Kolkata (City Level) Baligunj: 18,000 – 20,000 Stable
Alipur: 14,000 – 22,000
Bengaluru
Central 10,000 – 19,000 Stable
East suburbs 4,500 – 9,000 Stable
Southern Peripheral 3,500 – 6,800 1-2% correction
Northern Peripheral 4,500 – 10,000 1-2% correction
Hyderabad
CBD 9,000 – 14,000 5-8% increase
Central Suburbs 4,500 – 6,000 Stable
Western Peripherals 5,000 – 7,000 6% increase
Chennai
Central 16,000 – 3,000 Stable
Off Central 8,000 – 11,000 Stable
Western Suburbs 3,500 – 6,000 Stable
Southern Suburbs 3,000 – 8,000 Stable

Source: www.housing.com

Now that the prices have been compared and the trends observed, here is the forecast for various trends that Pune real estate will see in the coming years:

Ready to Move in Homes

According to experts, people are looking for ready to move in homes. The reason for this particular trend is no mystery at all as people want homes and they want them now. Due to this, a new trend is in practice, that of buying and investing in ready to move in homes. In the future as well, this trend will give shape to the way real estate scenario functions in Pune.

Steady Sale

It has been observed that real estate sale has remained strong in the last few years. When numbers are taken into account, it is seen that in Pune as well as in other cities of the country, residential projects have had a steady sale, despite the circumstances. This is one thing that will be seen even in the coming years, given the hike in property investment.

Affordable Homes

It so happens that there are a lot of unsold properties as well. It is observed that because of this, property sellers will keep capital values at buyer friendly rates. This will be done across most markets to assure sales. We can see more unsold inventory being absorbed in the market. This will happen because projects that are near completion will be a preference for a lot of people.

 

For someone who is planning to invest in real estate, these trends are of utmost importance and should be studied thoroughly.

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