Pune real estate market
As per The Economic Times, Pune recorded the third highest sales volume among the major cities, led by Mumbai and Delhi NCR. There has been a notable growth of 26.3% in new-launch properties in Pune residential market post pandemic.
Micro markets
The micro markets make up for 68% of the recently launched projects. Mamurdi is the optimal area to own realty and live a peaceful and contented life. This suburb is witnessing exponential growth by virtue of its proximity to Mumbai-Pune expressway, old NH-4 highway and Katraj- Dehu road.
Shifting buyer preference
In light of continued work-from-home in many companies, people are seeking sizable apartments. So, 72% of the new inventory is of 2 BHK configuration.
Budget flats
Larger apartment means larger expense. Would-be clients prefer 2 BHK flats in Pune below INR 50 lakhs. This is unimaginable in established parts of the city.
Heavy discounts
Vignaharta group has unveiled new 1, 2 and 3 BHK flats for sale in Pune at promotional prices. You can now buy a 793 sq.ft. spacious 2 BHK flat in the ongoing residential project in Pune: Life Canvas, Mamurdi, PCMC at a cut-price of less than INR 50 lakhs. This apartment ideally costs somewhere between INR 55 lakhs to 60 lakhs. Thanks to the WOW OFFER, customers have to pay almost 15% less.
Life Canvas v/s projects in other micromarkets
If you have probed into the real estate market of the city, you definitely have an idea about the cost of property in Pune. None of the recently developing areas like Moshi, Ravet, Tathawade or Punawale sell 2 BHK flats for less than INR 50 lakhs. If any residential project does so, the following could be the reasons:
- Small size apartment
- Minimal or no amenities
- Poor infrastructure
- Single building project
Over and above, “Know what you own, and know why you own it”.
