After a prolonged down cycle, it seems there are finally green shoots visible in Pune’s residential realty market.
Pune's real estate market continues to be in a state of stress.
Due to slow sales in a sluggish sentiment and the industry being forced to focus on delivery, it is no surprise then that the launch of new projects has come down.
Never before in the history of India's real estate industry have so many industry changing events taken place in such a short period of time
The year saw what was probably the highest and most aggessive intervention by the courts against errant developers, the passing of the Real Estate Regulatory Act (RERA) in May 2016 followed by the demonetization in November 2016
Buyer's affordability has seen an improvement, bringing in better market conditions. The gently blowing winds of change have turned into gale force winds. The industry is in the process of changing at a pace as never seen before.
Buyer's affordability has seen an improvement, bringing in better market conditions.
Pune’s residential real estate market shows signs of stress on various counts.
Pune’s residential real estate market continues to face headwinds. All the leading indicators point to a challenging scenario.
The impact of the overall economic slowdown has finally started showing up in residential real estate numbers over the last 6 months.
Pune residential realty market expanded by 25.26% in the calender year 2013 - after a 20.30% increase in the first half, the market grew by only 4.12% during the second half.
The period between January 2013 and June 2013 witnessed a significant infusion of supply in the form of 494 new projects alone adding 27,008 units and 25,215 units were added to existing projects.
The Pune Realty market size expanded by 5.4% from July 2012 to December 2012. The total number of units, gross supply (considering both, under construction and in ready projects with stock to sell) is 2,14,115 spread over 1882 projects.
The Pune Metropolitan Region has shown remarkable stability over the last few years.
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