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Characteristics Of Pune Real Estate World - Pune Properties

Characteristics Of Pune Real Estate World

Safal Oneiro

Characteristics Of Pune Real Estate World

Pune is blessed with classic blend of culture, history, education and industry, supported by climatic friendliness.    Naturally, the city has remained the most favourite dwelling place for people from all walks of life.  For more than three decades the realty business has established a strong foothold on city’s business landscape.

That said, the overall realty market witnessed a slowdown during the last year. But despite general gloom Pune market has shown resilience primarily because of high demand  from IT & Engineering sectors.  New  residential projects in  Pune,  are launched by Pune  builders to cater the demands for  different segment.  Exclusive high-end schemes are  introduced by Top Builders in Pune.  At the same  time budget  homes are rolled out  by builders  in  Pune.   In short, Pune properties are coming  up  as  unique combination of different  social and  cultural  crusts.  Prices were found soaring in certain localities,  whereas in certain areas dominated by middle  income group they have remained  stable.  Therefore, making a property in Pune  is  still  not  so  much out of reach  for  a common man.

Commonfloor’s Annual Realty Report reveals that builders in Pune launched about 230 projects during the last  year.  Classification of these Pune properties further reveals that 29% of  these projects came up in Western  region  & 23% were  launched in Eastern region.   The southern region witnessed  rise of 22% of new  residential projects in Pune, whereas  in the central part of Pune only 5% projects were launched by Pune builders.

Analysis of this data reflects that largely mid-sized projects (units below 500)  almost 90% of total project supply.  This underscores the  fact that Pune is set to enjoy lot of supply of ready possession properties in 2015 & 2016.