Puran Poli From Pune

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Pune's housing market is on a recovery path. Plus it's a fast one too. 

Let's See Some Numbers

Per PropTiger, compared to 2,495 homes sold in Q1, 2021, a total of 10,128 homes were sold in Pune in Q3, 2021. Looking back a year, 7,107 homes were sold in Q3, 2020. 

Experts opine that numerous factors like a significant number of vaccinations, low mortgage rates, stamp duty benefits for women buyers, and lucrative offers from developers in the festive season are all tailwinds for the home buyer. 

Supply Follows Demand

Per Real Insight, 10,015 new homes were launched in Pune in Q3, 2021 vis-à-vis 2,810 new home launches in Q2, 2021 and 4,635 in Q3, 2020. 

This upward sales graph has been facilitated by improving demand due to a rise in the overall economic activity post the second wave lockdown. 

Will It Sustain?

🎙 Here's Pune based Pride Group MD's statement to the press, "We could sense the positivity in home buying with a good number of genuine inquiries coming and getting converted into a buying decision."

He also added that home buyers today are looking for larger apartments, even if that implies buying a home further than desired before.