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How to choose property in pune
How to choose property in pune

 

Pune is a throbbing city with numerous youthful well to do moving there to work in colossal multinationals.

 

Unsold Residential property in Pune including, Pimpri-Chinchwad risen to 56 per cent .Part of exactly why prices continue being anchored down could be the increasing number of projects in puneand amount of homes in the market.Supply continues to outstrip demand as of this point. Other factors that could potentially push property price up include the real estate regulatory bill that mandates builders in Pune to commit to service quality and strict timelines.As per the report, the common property prices measured across 3,312 projects in Pune Metropolitan Region increased by only Rs 35 per square feet to Rs 5,096 per square feet.

 

Massive demand has been witnessed in the budget category. In 2015, about 44,142 units of budget houses were sold. In the exact same period, inventory available for sale in the segment was 43,396 units, indicating about 12 months of inventory. Of this, the report said 21,685 ready units remained unsold, indicating that consumers were still looking at lower prices.

 

Although maximum inventory infusion and maximum inventory available will come in the budget category, the total inventory overhang in this segment is under 12 months.The premium-plus category with prices between Rs 6,216 per sq ft and Rs 7,770 per sq ft have just over 20 months inventory.