Pune real estate market shift from luxury to affordable

Q: Hi, Why is the Pune real estate market has gone through many phases to reach the growth path?

Dwarkesh,

13th May 2014

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Replies (2)

Hi all, I think Pune is emerging as an economical housing hub, with Rs 30-40 lakh budget range reigning over all other budget categories in terms of demand.Localities situated in suburbs are direct the roost in the affordable housing segment.

Wasim Mohammad, Pune

9th October 2015

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Hi Dwarkesh,
The luxury homes class has been increasing in Pune’s real estate market and many large players have entered with their projects because of this the demand of luxury homes are decreasing and the develioper has decided to shift into affordable housing. This is thwe only sector where the greatest demand lies.

Lewin G,

13th May 2014

Comment

Hi all,
Secondly, high competition among developers and a excess supply of projects has made sure that Pune’s property prices have remained affordable to home buyers.

Third and the most important reason is that Pune’s real estate market is mostly driven by end users and not speculators

Srikumar Nair,

13th May 2014

You are absolutely right Sri,
Buyer also see that the good connectivity and improving social and civic infrastructure of the locations, as well as the fact that many of these projects are by reliable, reputed developers, translate into significantly faster and higher ROI than mid-income and luxury housing.

Lewin G,

13th May 2014

Well Lewin,
It has also seen that In the city’s suburb, where many manufacturing companies have established their business, blue-collar buyers are asking for affordable properties. With inflow of people coming to Pune from different parts of the country for jobs and studies, the demand for property is on constant rise.

Srikumar Nair,

13th May 2014