PUNE RESIDENTIAL MARKET

ANALYSIS * Graph depicts demand and supply of

residential inventory across budget
segments in top eight metro cities in the
studied quarter

BUDGET-WISE
DEMAND SUPPLY

City wise growth Capital Rental

DEMAND & SUPPLY
Across the country, most of the markets have exhibited similar
trends, except Pune. Pune is emerging as one of the most sought
DYNAMICS
after investment destinations, driven by the IT/ITES hub in Hinjewadi
and automotive industry belt in Chakan. 31% of unit sales in Pune
this quarter are intended for investment, while in other cities, Baner Wagholi Hinjewadi Undri Hadapsar Kharadi Waked Pimple Kothrud Bavdhan
investments are in the range of 22-25%.
Saudagar

Over view
•Pune witnessed about 40 percent dip in the residential enquiries, QoQ.
Close to 1,800 units were sold in Apr-Jun 2020 as against 5,000
properties in Jan-Mar 2020.
•While yearly rentals grew by four percent, average ‘asks’ did not post
any hike amid the distressed sentiment.
•Bavdhan, Hinjewadi, Balewadi and Kharadi Annexe remained popular
amid homebuyers for configurations priced within Rs 45-65 lakh.
•A mere 16 new projects were launched in this quarter, denoting a 65
percent fall, QoQ. While technologically equipped and financially well-
placed Grade A developers leveraged the digital platforms, Grade B and
C developers took a backseat.
Demand Supply
•Unsold residential stock in Pune remained unchanged at 96,000 units
as construction-linked challenges kept the sceptical buyers at bay. NAME:SNEHA DEVARAJU
USN:1IE18AT030
SUBJECT:SOCIOLOGY