Pune revived from the COVID hiatus with a 19-month reduction in gestation despite a 2X increment in new supply

The residential real estate market of Pune city is driven by affordable homes in the IT dominant residential pockets. Recovery from the impacts of Covid-19 is well underway as the sales in FY21-22 exceed the pre-Covid level (FY19-20) by 25%, and at the same time, unsold inventory has declined by 21%. The real estate sector […]

Affordable and mid-segment continue to drive the residential market in MMR. Reduction in building premium charged by the government has fueled new supply in the luxury segment.

The residential real estate market in MMR is on a steady path to recovery with annual sales in FY 21-22 falling short of only 4% of the pre-Covid level (FY 19-20). With stability achieved in the market, new supply numbers are back to normal. Price has seen a 1% growth Y-O-Y. FY 21-22 Highlights During […]