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Real Estate Forum on Housing Sector In Pune

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Q: What is the impact of new policy on housing sector in Pune? Is there any hope?

Latest Answer: With the new industrial policy in place, there is no much hope for increasing housing stocks in Pune. Even officials of Maharshtra Industrial Development Corporation (MIDC) have admitted that majority of the SEZs will not have enough land left with to implement the schemes.The new policy which was recently announced has kept aside 40% of land for real estate purpose. This includes setting up of special townships centered on major industrial zones, residential projects, etc.In the city, majority of them are single product and not multi product SEZs. So, there won’t be much land to unlock for building residential projects in Pune.
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