With demand playing a pivotal role, home buying in Pune has not abated, according to a recent report The Pune Metropolitan Region real estate market continues to show signs of stability in terms of demand and supply, according to a recent study by Gera Realty. The report notes that home buying in Pune has not abated, judging by the increase in the sellout ratio from 78% to 80% from December 2011 and an increase in the property rates in the last one year. "An increase of 2% in the sellout ratio is evidence to the fact that demand is pushing the prices up, else you would have seen demand slowing down with a price increase," the report observes. "The fact that this has not happened goes to show that fundamentally the real estate sector is backed with active demand participation. Clearly then, with demand playing a pivotal role the real estate sector remains as solid as ever," it says. The survey involved a total of 1695 projects across the city and those projects that were under construction or ready but with some stock available to sell were considered in the analysis. The 1695 projects have a total of 178,775 apartments at various stages of construction. Of the total 1,78,775 apartments, 36,124 (20%) apartments are available for sale indicating a high sellout of 80% (142,651 apartments), the report notes. The availability was 22% six months ago (38,323 apartments out of 174,981 apartments) and 25% 12 months ago (39,376 out of 160,255 apartments). "This reduction in availability is significant as it indicates a reduction in the overall stock of apartments in the city," the report notes. "This is especially important as this reduction in availability has happened during a period where inflation has been significantly high, interest rates have risen and the overall sentiment has been bearish during the last 12-18 months." On the whole however, the data indicates that there is no scope for any reduction in prices, the report adds. Prices have moved up approx. 11.63% in the last 12 months. The report also notes that roughly two thirds of the stock is below the 40 lacs cost bracket, and that approximately 7% of the unsold stock is above 75 lacs. QUICK BYTE DATA ACCORDING TO A RECENT REPORT INDICATES THAT THERE IS NO SCOPE FOR ANY REDUCTION IN PRICES
First of all I would like to thank you and the Gera team for organizing different workshops at our doorstep.
The best thing I have done to my kids is that I took a right decision to buy a flat in Gera.
Because of this decision , Vishnu could attend the development workshops that were conducted.
Vishnu was a shy child who didn't like to participate in any of the programmes.
As far as Dale Carnegie workshops is concerned it has given him a lot of confidence and was presenting things in a much better way and I can see a lot of improvement in him.In simple words u made a person(..
My son Tattva had been enrolled in the intermediate level and has been coached by the Vishwanathan Anand Chess Academy coach . Tattva has made remarkable strides and will be on his way to get his FIDE rating in November. A lot of credit goes to the mentor for his unique way of handling his students. He has been very patient while working with Tattva on his areas of improvement. In addition before the tournament the coach had voluntarily added additional classes and doubled his efforts to get a better performance out of Tattva. He has shown complete ownership which is commendable. I hope he continues to develop more and more chess players in the coming days...
It's a wonderful experience with the tennis academy and my daughter liked it. Also she is getting good training and love for the game.
The coaches are good and we would continue using their expertise for Nishita going onwards. We are also looking forward for signing (actually instrument) and dancing coaching too.
This is to share with you that both my little girls (Aditi Anisha) are really enjoying their Tennis classes at the Mahesh Bhupathi Tennis Academy.
I always find them very excited whenever there is TENNIS CLASS, and this excitement matters to both of us, as the kids seems to be interested.
It’s nice to see them constructively engaged, and coming home happy and having felt productive in their own child little way. It’s a great way for them to bond with other young ones and feel belonged to a larger community.
Thanks to You, Gera Developments and MBTA for giving our young ones, an opportunity for a wonderful learning experience.
Now they are looking forwar..
Regarding the workshops & different academy sessions, it has been wonderful experience so far for Shlok and we’re looking forward for the new opportunities.
It’s absolutely fantastic to have all these academies in the premises, and that too from the renowned personalities, so we can send kids without worrying about other factors like safety & all.
And most importantly, a big thanks to you for the lovely follow-ups & timely updates about the upcoming/ongoing sessions.