Residential Market Viewpoints

Pune Q3 2021

City Snapshot

LAUNCHES SALES AVAILABLE INVENTORY AVERAGE

QUOTED BASE
10,290 Units 9,705 Units 98,165 Units SELLING PRICE
109% Quarterly Change 156% Quarterly Change 1% Quarterly Change ₹ 5,665/sf

A Bird’s Eye View Key Project Launches

Pune RENTAL VALUES CAPITAL VALUES OUTLOOK Godrej Hill Retreat

Key Micro-markets Avg. Quoted Rent Quarterly Change Avg. Quoted Rate Quarterly Change Short-term Godrej Properties
(₹/month) (%) (₹/sf) (%) Mahalunge
Wagholi 9,000-15,000 Nil 4,900 1% 751 units
₹ 10,543/sf
Hinjewadi 15,000-20,000 Nil 5,665 1%
Talegaon Dabhade 7,000-10,000 Nil 3,990 2%
Wakad 15,000-20,000 Nil 6,650 1%
Kohinoor Sportsville
Undri 8,500-15,000 Nil 5,010 1% Kohinoor Group
Hinjewadi
699 units
₹ 8,530/sf

Mittal Sun City Ambegaon Phase I

Zonal Classification
INCREASE
Mittal Group
Central Shivaji Nagar | Sadashiv Peth | Kasba Peth | Prabhat Road | Deccan Gymkhana Ambegaon Budruk
North Moshi | Talegaon | Dabhade | Chikhali | Viman Nagar | Ravet | Punawale | Chakan | Lohegaon | Pimpri Chinchwad STABLE 572 units
South Sinhgad Road | Undri | Kondhwa | Ambegaon Budruk | Dhayari | Handewadi | NIBM Annexe
East Wagholi | Kharadi | Hadapsar | Manjari | Wadgaon Sheri | Kalyani Nagar | Magarpatta City | Sholapur Road DECREASE
₹ 9,807/sf
West Kothrud | Hinjewadi | Wakad | Baner | Bavdhan | Pirangut | Pashan | Gahunje

Average Quoted Rent for 2 BHK apartment measuring 1,000 sf; Average Quoted Rate (Base Price) on Built-up Area (BUA)
Available inventory includes units from projects that are launched but yet not sold, despite the launch timelines and construction progress

© 2021 ANAROCK Property Consultants Pvt. Ltd. All rights reserved. All information in this report is provided solely for internal circulation and reference purposes. ANAROCK makes no Above average basic selling prices are quoted on Carpet Area
statement, representation, warranty or guarantee as to the accuracy, reliability or timeliness of the information provided. No part of this report may be reproduced, distributed, or
transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods.
Residential Market Viewpoints

Pune Q3 2021

DEMAND SUPPLY DYNAMICS SUPPLY BUDGET-SEGMENTATION

12,000 102,000
5% 2%
21%
100,000
< INR 40 Lakh 18%
10,000
INR 40 Lakh - INR 80 Lakh
98,000
INR 80 Lakh - 1.5 Cr 10,290

Available Inventory (Units)

INR 1.5 Cr - 2.5 Cr Units
8,000 96,000 > INR 2.5 Cr Q3 2021
Supply & Sales (Units)

94,000
6,000 54%

92,000

4,000 90,000
PRICE TREND
5,800 5,665
88,000
5,600
2,000

(INR/sf)
86,000 5,400

5,200
0 84,000
Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021 5,000

4,800
Sales Supply Available Inventory Q3 2015 Q3 2016 Q3 2017 Q3 2018 Q3 2019 Q3 2020 Q3 2021

Average Quoted Rent for 2 BHK apartment measuring 1,000 sf; Average Quoted Rate (Base Price) on Built-up Area (BUA)
Available inventory includes units from projects that are launched but yet not sold, despite the launch timelines and construction progress

© 2021 ANAROCK Property Consultants Pvt. Ltd. All rights reserved. All information in this report is provided solely for internal circulation and reference purposes. ANAROCK makes no
statement, representation, warranty or guarantee as to the accuracy, reliability or timeliness of the information provided. No part of this report may be reproduced, distributed, or
transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods.
Residential Market Viewpoints

Pune Q3 2021
Launches
Pune is the third city amongst the
top 7 cities to register maximum
number of new launches in Q3 2021.
Sales Trend
In terms of housing sales, the city
reported quarterly growth of 156%
and yearly growth of over 100% in
the quarter.
Available Inventory
Pune saw a marginal hike of 1% in its
available inventory compared to Q2
2021.

Out of the total new supply across
top 7 cities, Pune comprised 16%
share in the current quarter with
10,290 units launched. The city
witnessed a 109% quarterly rise and
146% y-o-y increase. As many as
4,920 units were launched in Q2 2021
and 4,185 units in Q3 2020.
As for the zonal split of launches,
West Pune topped comprising 37%
share, followed by 27% in North Pune
and 23% in East Pune.
Homes priced within INR 40 Lakh-
INR 80 Lakh price bracket saw
maximum new launches in Pune,
accounting for nearly 54% share.
Affordable housing holds the second
highest share of 21% of the overall
supply.
Pune saw the third highest sales in Q3
2021 amongst the top 7 cities in India.
Nearly 9,705 units were sold in the
quarter - which is 15% of the total
housing sales across top 7 cities.
Nearly 3,790 units were sold in Q2
2021.
In terms of housing sales w.r.t city
zones, West and North Pune
absorbed maximum number of
residential units with 31% and 29%
share, respectively. The northern and
western zones of the city host various
IT-ITeS and manufacturing
companies, thereby generating
robust residential demand by the
working population.
Nearly 98,165 housing units are
available for sale in Pune in the
current quarter, accounting for 15%
share across the top 7 cities. The
available inventory rose by 1% on
quarterly basis and 8% on yearly
basis amid increased new launches.
Following the launches and sales
trend, West and North Pune have the
highest number of residential units
available for sale – contributing
around 38% & 34% units respectively.
On the ticket-size front, the
maximum volume of housing units
are piled up in the affordable and mid
segments, accounting for 36% and
35% of the city’s available inventory.
As of Q3 2021, the city has an
inventory overhang of 35 months, a
decline of 6 months from the
preceding quarter.
Outlook
The brisk recovery of Pune’s
residential market post Covid-19
second wave is likely to continue in
terms of both new launches and
housing sales. The upcoming
infrastructural developments and
the sprawling IT/ITeS hubs are set
to further boost housing demand in
Pune. Furthermore, with the festive
season going on, the housing sector
of the city is expected to witness
huge demand from homebuyers.
With no imminent 3rd Covid-19
wave in the near future, the city’s
residential real estate market is
likely to see robust activity.

Budget Segmentation For research services, contact:

Affordable < ₹ 40 Lakh Prashant Thakur
Scan the QR code Mid-end
High-end
₹ 40 Lakh - ₹ 80 Lakh
₹ 80 Lakh - ₹ 1.5 Cr
Sr. Director & Head of Research
Read our latest report on Luxury ₹ 1.5 Cr - ₹ 2.5 Cr prashant.thakur@anarock.com
Pan India Residential Ultra-luxury > ₹ 2.5 Cr

Viewpoints Q3 2021
ANAROCK Property Consultants Pvt. Ltd.
Office No. 901A, 9th Floor, ONYX, Next to Westin Hotel
Koregaon Park, Pune, 411 001, Maharashtra

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