+ Welcome to GERA, LET'S OUTDO

Pune Realty Market Underwent an Expansion of Just 22 Percent in the CY June 2013

Real Estate Trends | 21st August, 2014

Gera Developments, a well-known real estate conglomerate and creators of premium residential and commercial projects across Pune, Bangalore and Goa have released the Gera Pune realty report for the period Jan- Jun 2014...

Gera Developments, a well-known real estate conglomerate and creators of premium residential and commercial projects across Pune, Bangalore and Goa have released the Gera Pune realty report for the period Jan- Jun 2014. The report gives an in-depth analysis of the Pune's real estate residential market.  It also focuses on the impact of overall economic slowdown on Pune's real estate numbers over the last 6 months and clearly indicates that the same has had a bearing on the demand in the market place. 

Here are some important highlights of the Gera Pune realty report:

  • The assessment of the overall gross stock (defined as projects under construction and ready projects with more than 5% unsold stock and more than 10 units) reveals that the rate of market expansion has come down in the last 12 months. (June 2013 to June 2014)
  • The gross stock rose from 200,944 units to 245,674 units. (A rise of 22% as compared to the preceding year i.e. June 2012 – June 2013 that witnessed a rise from 152,311 units to 200,944 units, a rise of 31.9%)
  • The half yearly price increase has been the lowest in the years at 2.2% for the period Jan 2014 to Jun 2014.  

However, a counter effect of increased loading and extra charges has to an extent added to the price rise but does not show up in the normal analysis. 

  • The average price across the city is now just shy of Rs.5000 psf and stands at Rs. 4910 psf.
  • The average basket of homes has delivered a 41.29% rise in rates over the last 3 years where the average prices in June 2011 were at Rs.3475 psf. The 3 year compounded annual growth has been 12.25%.
    • Investors who have purchased homes 3 years ago with mortgage rates at 10.5% and loan to value of 80% would have seen an equity returns of 18.75% per annum. This shows that real estate is still an attractive investment especially when factoring in tax benefits and deducting entry load costs.

Leave A Reply

Your email address will not be published. Required fields are marked *

Build Your Business Success At Imperium Star

Real Estate Trends | 30th March, 2020

The golden rule in real estate, especially commercial real estate, is location, location & location. Investing in the right location for business can well be the foundation of a successful venture.

Row Houses And Apartments: Pros and Cons

Real Estate Trends | 30th March, 2020

Selecting the right property can be a dilemma for most homebuyers. Every type of property, be it an apartment or a row house or an independent bungalow, has certain pros and cons that need to be taken into consideration.

Statistics Bring Optimism for Builders in Pune and Goa

Real Estate Trends | 1st November, 2014

Builders in Pune are excited about the trend of real estate preferences that are increasingly favoring the city....

Gera Carve a Place for Themselves in the Real Estate in Pune

Real Estate Trends | 6th October, 2014

The real estate in Pune has reached newer heights. and has evolved drastically over the years. It has gone far beyond the basic concepts of property buying....
About Gera

Welcome to Gera Developments, creators of premium residential
and commercial projects.

We strive for excellence and our
main objective is not just to meet the expectations of our customers but to surpass them.