Real estate sector in Pune
In recent times, Koregaon park has emerged as one of the most sought after residential real estate destinations in Pune. The commercial real estate sector is also in a growing trend in this locality. This is due to the presence of wide range of offices, malls, hospitals, schools, colleges, entertainment facilities, among many others in [...] Continue Reading »
With the upcoming Budget for the financial year 2013-14, Pune real estate has many hopes on it. The authorities in the finance ministry have already stepped onto the right path by taking steps to increase liquidity in the system by reducing the cash reserve ratio (CRR) as well as repo rates and bank lending rates [...] Continue Reading »
There have been forecasts that Pune residential real estate is going to boom in 2013. This may be due to high demand of properties from IT/ITeS and manufacturing sector employees. According to property consultancy firm, Jones Lang LaSalle India, investors based in Mumbai and NRIs are looking to invest in a market which has been [...] Continue Reading »
Pune real estate sector saw some good times in the previous year, 2012. Real estate market did well in terms of price appreciation in some parts of the city. Property prices went up to 7-9%, which was good compared to other cities. However, all was not well in Pune real estate market. One such issue [...] Continue Reading »
In 2012, property prices in Pune city have gone up by an average of 12 percent and in 2013, an average appreciation of 12-15 percent is expected across the city. Areas like Undri, Kondhwa and Hinjewadi has contributed 40 percent of the total sales in 2012. New launches were less in 2012 compared to the [...] Continue Reading »
The real estate sector in Pune is beginning to show serious signs of strain under the combined weight of increasing cost of construction, astronomical mortgage rates and a generally uncertain economic climate. Inflation has also contributed to a decrease in affordability of residential properties. In 2011, prices had increased by between 4-5 % in many [...] Continue Reading »
