PUNE RESIDENTIAL MARKET ANALYSIS

* Graph depicts demand and supply of

residential inventory across budget
segments in top eight metro cities in the
studied quarter

BUDGET-WISE
DEMAND SUPPLY

City wise growth DEMAND & SUPPLY

Capital Rental
Across the country, most of the markets have exhibited similar trends,
except Pune. Pune is emerging as one of the most sought after
DYNAMICS
investment destinations, driven by the IT/ITES hub in Hinjewadi and
automotive industry belt in Chakan. 31% of unit sales in Pune this
quarter are intended for investment, while in other cities, investments Baner Wagholi Hinjewadi Undri Hadapsar Kharadi Waked Pimple Kothrud Bavdhan
are in the range of 22-25%. Saudagar

Over view
•Pune witnessed about 40 percent dip in the residential enquiries,
QoQ. Close to 1,800 units were sold in Apr-Jun 2020 as against
5,000 properties in Jan-Mar 2020.
•While yearly rentals grew by four percent, average ‘asks’ did not
post any hike amid the distressed sentiment.
•Bavdhan, Hinjewadi, Balewadi and Kharadi Annexe remained
popular amid homebuyers for configurations priced within Rs 45-
65 lakh.
•A mere 16 new projects were launched in this quarter, denoting
a 65 percent fall, QoQ. While technologically equipped and
financially well-placed Grade A developers leveraged the digital
Demand Supply
platforms, Grade B and C developers took a backseat.
•Unsold residential stock in Pune remained unchanged at 96,000 NAME:SNEHA DEVARAJU
units as construction-linked challenges kept the sceptical buyers USN:1IE18AT030
at bay. SUBJECT:SOCIOLOGY