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Pune Housing
Report CY 2019 vs CY 2022
Feb 2023
Pune Housing Report | CY 2022
There are several reasons why this report, replete with the
very latest data points, is crucial for all real estate
stakeholders. The supply and demand data trends provide
an understanding of the overall market trends and
conditions, which is critical in helping investors and
developers identify potential opportunities. Moreover, it
provides insights into the performance of specific locations
within the city - factors that affect demand and property
Anil Pharande
values, as well as rental demand. President
Thorough knowledge about how the market has performed - and will perform in the immediate future - is
also an important risk management tool. Providing such up-to-date data to its stakeholders is an
important and inalienable part of the mission of CREDAI, which has been established to promote the growth
and development of the real estate sector in India and to protect the interests of its members.
Another important function of CREDAI is to create a favorable business environment by advocating for
policies and regulations that support the growth of the real estate sector. This is only possible with a deep
understanding of the market in which we operate. Our partnership with CRE Matrix ensures that we can at all
times provide you with the latest real estate intelligence, with meticulously vetted and verified data.
Knowledge is power. I hope you find this year's edition of the report an insightful and thought-provoking
read which will be both educational and instrumental in guiding your decisions. On behalf of CREDAI, I wish
you all a rewarding and productive 2023 as we face both the opportunities and the challenges that the year
may hold for us.
Warm wishes,
I am delighted to release the CREDAI Pune Metro – CRE Matrix research report on Pune Housing Market.
Happy to share some key take-aways:
• Pune city has sold all time high 84,493 primary housing units sold in the period Jan-22 to Dec-22 as
compared to the approx. 67,026 housing units sold in the period Jan-19 to Dec-19, to the pre-COVID era.
• Pune registered a primary Housing Sales of approx. ₹ 49,794 Cr in CY’22 as compared to the approx.
₹30,607 Cr in the period CY‘19, with a growth of 61%, clearly indicating a rise in overall housing sales and
sales of higher ticket size housing units in CY’22 as compared to CY’19.
• Year 2022 was remarkable for North-West Pune, as it emerged as the most consistent macro-market in
the Pune Housing market. With growth in value of units sold of 74% when compared to CY’19. In addition
to this, number of houses sold, grew handsomely by 38% as compared to CY’19.
• Pune North East becomes the most promising macro-market in Pune with 15,974 primary housing units
sold in CY’22 with 52% spike over CY’19. Also, with 78% uptrend for CY’22, it clocked total sale of ₹ 10,881 Cr
against ₹ 6,103 Cr in CY’19.
• To our greatest surprise, the growth of North West Pune can be attributed to not only budget homes but
to the units priced above ₹ 1 Cr as well. Massive 215% hike got recorded in the segment for CY’22 when
compared to CY’19.
• Overall, Pune has made the most of the tailwind it has gotten in the sales, ending the CY’22 gracefully
with 26% spike in total sale number as opposed to CY’19. Things are going only up from here for sure.
We, CRE Matrix are passionate about our work, our data, our analysis and look forward to a long innings
with CREDAI Pune Metro. We invite each and all members of CREDAI Pune Metro to approach us for any
queries they may have on this report or otherwise.
Regards,
Abhishek Kiran Gupta
CEO & Co-Founder
CRE Matrix
Pune Housing Report | CY 2022
Pune
60,000 40,000
# of Units
50,000
30,000
40,000
30,000 20,000
20,000
84,493
10,000
67,026
61,566
71,394
10,000
- -
CY 2019 CY 2020 CY 2021 CY 2022
• Overall, Pune has clocked a 26% increase in 20% ₹11,499 Cr. ₹10,688 Cr.
sale of units for CY’22 over CY’19. ₹12,024 Cr.
₹12,657 Cr.
10%
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 4
Pune Housing Report | CY 2022
Pune at a Glance
CY2022
108
110
99
100
90
80
68 70 69
70
59 58
₹ Lakhs
60 56 56
46 47 46
50 43
40 36
30
20
10
0
Pune Central Pune North-East North-West South-West South-East Pimpri
Pune Pune Pune Pune Chinchwad
CY2022
₹ 60,000
₹ 50,000
₹ 49,794
₹ 30,607
₹ 40,000
₹ Cr
₹ 30,000
₹ 13,821
₹ 12,789
₹ 10,881
₹ 20,000
₹ 7,924
₹ 7,694
₹ 5,724
₹ 6,103
₹ 3,934
₹ 3,759
₹ 3,208
₹ 10,000
₹ 1,106
₹ 520
₹0
Pune Central Pune North-East North-West South-West South-East Pimpri
Pune Pune Pune Pune Chinchwad
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 5
Pune Housing Report | CY 2022
Central Pune
Avg. Value of Unit Sold Highest Performing Budget
Units Sold and Total Value CY’22 Segment By Housing Value sold
(INR Lakhs) in CY’22 (INR Lakhs)
₹ 99 ₹ 200+
₹1,106 Cr.
1,200 1,200
1,000 1,000
₹774 Cr.
800 800
# of Units
400 400
200 200
481 552 775 1,122
- -
CY 2019 CY 2020 CY 2021 CY 2022
Songs From The Wood -Phase 2 Total Environment Group 80 Uday Baug
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 6
Pune Housing Report | CY 2022
North-East Pune
Avg. Value of Unit Sold Highest Performing Budget
Units Sold and Total Value CY’22 Segment By Housing Value sold
(INR Lakhs) in CY’22 (INR Lakhs)
10,000
₹ Cr
6,000
8,000
6,000 4,000
4,000
2,000
2,000
10,491 10,722 12,451 15,974
- -
CY 2019 CY 2020 CY 2021 CY 2022
• Contribution of Sale of Units priced between 70% ₹874 Cr. ₹1,126 Cr. ₹1,295 Cr.
₹45 - ₹70 Lakhs has increased by 30% from 60%
₹2,930 Cr.
CY’19 to CY’22. 50%
₹2,250 Cr. ₹2,149 Cr.
40% ₹2,740 Cr.
• A 162% increase in value of units sold is
30% ₹2,925 Cr.
witnessed for units priced above ₹ 70 lakhs for
20%
period CY‘22 over CY’19. This category gives
10% ₹1,521 Cr. ₹1,608 Cr. ₹1,731 Cr.
maximum traction to this macro market ₹1,850 Cr.
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 7
Pune Housing Report | CY 2022
North-West Pune
Avg. Value of Unit Sold Highest Performing Budget
Units Sold and Total Value CY’22 Segment By Housing Value sold
(INR Lakhs) in CY’22 (INR Lakhs)
25,000
₹13,821 Cr.
16,000
₹ 70 ₹ 45-₹ 70
14,000
20,000 ₹10,305 Cr.
₹7,924 Cr. 12,000
# of Units
8,000 ₹ Cr
10,000
6,000
4,000
5,000
2,000
14,210 12,821 16,408 19,607
- -
CY 2019 CY 2020 CY 2021 CY 2022
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 8
Pune Housing Report | CY 2022
South-East Pune
Avg. Value of Unit Sold Highest Performing Budget
Units Sold and Total Value CY’22 Segment By Housing Value sold
(INR Lakhs) in CY’22 (INR Lakhs)
7,600
₹3,780 Cr.
₹3,934 Cr.
4,500
₹ 56 Below ₹ 45
₹3,208 Cr. 4,000
7,400
₹3,074 Cr.
3,500
7,200
3,000
# of Units
7,000 2,500
₹ Cr
6,800 2,000
1,500
6,600
1,000
6,400
500
7,377 6,728 7,466 7,056
6,200 -
CY 2019 CY 2020 CY 2021 CY 2022
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 9
Pune Housing Report | CY 2022
South-West Pune
Avg. Value of Unit Sold Highest Performing Budget
Units Sold and Total Value CY’22 Segment By Housing Value sold
(INR Lakhs) in CY’22 (INR Lakhs)
10,000 7,000
₹ 69 ₹ 100- ₹ 200
₹5,724 Cr.
9,000 ₹5,225 Cr.
₹3,759 Cr. 6,000
8,000
7,000 5,000
₹3,537 Cr.
# of Units
6,000
4,000
5,000 ₹ Cr
3,000
4,000
3,000 2,000
2,000
1,000
1,000
7,981 6,419 8,618 8,351
- -
CY 2019 CY 2020 CY 2021 CY 2022
CY'19. 20%
₹1,090 Cr. ₹977 Cr.
10% ₹1,252 Cr.
₹1,054 Cr.
• South-West macro-market saw a growth of 5% in 0%
number of units sold in CY’22 Vs CY ‘19 CY 2019 CY 2020 CY 2021 CY 2022
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 10
Pune Housing Report | CY 2022
Pimpri Chinchwad
Avg. Value of Unit Sold Highest Performing Budget
Units Sold and Total Value CY’22 Segment By Housing Value sold
(INR Lakhs) in CY’22 (INR Lakhs)
20000
8000
15000 ₹ Cr
6000
10000
4000
5000
2000
21,163 20,022 20,901 27,872
0 0
CY 2019 CY 2020 CY 2021 CY 2022
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 11
Pune Housing Report | CY 2022
Micro-Market Mapping
Pune - Central Pune - North East Pune - North West Pimpri-Chinchwad
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Authors
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