commonfloor.

com TOP MARKETS

JAN-MAR 2016 NEW LAUNCHES AND RENTAL AVAILABILITY

Chikhali

REALTY UPDATES

Central government is planning to form a

body for undertaking construction of
PUNE QUARTERLY UPDATE

expressways under NHAI. Pune-Hyderabad Wakad

Expressway project is amongst the 15 Alandi Road Wagholi
proposed expressway projects by the Baner Kharadi
ministry.
Hadapsar
Maharashtra state government has
acquired 3,000 acre land that will be
developed by Maharashtra Industrial Kothrud
Development Corporation (MIDC) for Pirangut
electronic and engineering industries in
Talegaon. It will be ready in six months to
Undri
one year. Also, there are additional plans
for expansion at Kurukumbh and Jejuri. The
chemical zone at Kurukumbh will have an
engineering zone over 1,500 acres of land
which is already in possession. Another
engineering zone will be developed at Jejuri Units Supply Rental Availability
on 3,000 acres of land for which the land
acquisition process is in progress.
Maharashtra government reduced the number of permissions required for setting up industries from 77 to
36, which will further go down to 26. This attracted 39 industries in the state with the investment of Rs
23,000 crore.

Pune Municipal Corporation (PMC) has mopped up Rs 118 crore from the scheme to give discount in penalty
on property tax. The scheme, offering up to 75 percent concession to defaulters on the penalty amount, is
likely to benefit over 2.72 lakh property owners in the city.

Pimpri Chinchwad Municipal Corporation (PCMC) plans to take the help of urban planning and finance
experts for the implementation of development projects in public-private partnership over the next one year.
Most of these projects are under the Swachh Bharat Mission and Atal Mission for Rejuvenation and Urban
Transformation (AMRUT).

Bengaluru-based Prestige Group is planning a Information Technology Park in Pune across the six acre land
parcel owned by BU Bhandary Builders with a willingness to spend Rs 240 crore.

36% BHK-SEGMENTATION
LUXURY
100%
28%
24% 80%
43%
MID-SEGMENT 60%

40%
23%
20% 6%
40%
1 AFFORDABLE
0%
1BHK 2BHK 3BHK 4BHK
 TOP MARKETS
commonfloor.com ANALYSIS
JAN-MAR 2016 TOP 5 MARKETS

Approx. Units Avg. Price* Q-o-Q Price Price Range -New

Micro-Market
Supply (No.) (psft) Movement Supply (in %)
1 Baner 1,135 6,250 80 20

100
2 Pirangut 500 2,800
3 Undri 392 5,700 100

4 Chikhali 386 3,850 100

5 Alandi Road 370 4,250 100

PUNE QUARTERLY UPDATE

< 4,000 psft 4,000 6,000 psft 6,000 8,000 psft > 8,000 psft

RENTAL DEMAND RESALE AVAILABILITY RENTAL YIELD

Wakad Charholi Budruk Kothrud | Infrastructure, Connectivity

Hadapsar Talegaon Viman Nagar | Connectivity, Proximity to IT/ITeS

Baner Wagholi Hadapsar | IT/Ites Hubs, Connectivity

Kharadi Undri Dhanori | Infrastructure, Connectivity
Hinjewadi Moshi Pimpri-Chinchwad | Industrial, Connectivity

KEY PROJECTS
Approx. Approx.
Project Name Builder Name Locality BHK Split Price
Units (sq. ft.)

Ganga Fernhill Fernhill Undri 392 1, 2, 3 5,700

Luxury

Saarrthi Skybay Saarrthi Group Baner 900 1, 3,4 5,650

Gagan Adira Gagan Developers Wagholi 345 2,3 4,540

Mid

Spring Valley Shubh Ganesh Properties Alandi Road 370 1, 2 4,250

Sionigara Blue Dice

Sonigara Homes Chikhali 260 1,2 3,800
Affordable

Arcadian Phase II
Calyx Constructions Pvt
Calyx Earthen Life Pirangut 500 1,2 2,800
Ltd

DID YOU KNOW?

Research clearly indicates that most of the micro-markets with maximum rental availability are
skewed towards East Pune (Wagholi, Kharadi and Hadapsar) due to IT/ITeS and Industrial
establishments.
Majority of new supply in Q1, 2016 is slated towards the suburban areas of the city, which include
Pirangut, Undri, Baner and Chikhali.
Most of the new projects launches consist of medium number of units ranging anywhere between
250 400 units per project.
Interestingly, unlike other cities, Pune witnessed significant launches of compact homes with nearly
28 percent projects comprising of 1BHK units.

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