Sunday, Nov 28 2021 | Time 23:11 Hrs(IST)
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Business Economy


About 53,000 sales of housing units in Jan-July in Pune, says CREDAI-Pune Metro housing report 2021

Pune, Sep 20 (UNI) Pune city has clocked about 53,000 sales of housing units in the period January-July 2021, as compared to about 49,000 units sale in January-July 2019, indicating the growth of almost eight per cent.
In terms of value, Pune clocked housing sales of approximately Rs 27,500 crore in January-July 2021 period, as against Rs 21,500 crore in January-July 2019, indicating a growth of 27 per cent in sales of higher ticket size housing units in 2021, revealed a real estate market analysis report by CREDAI-Pune Metro and CRE Matrix.
The report released during CREDAI-Pune Metro’s 38th annual general meeting provided scientific observations of the growth in the real estate market in different regions of Pune during January to July 2021 in terms of number of units sold, the preferred unit size and preferred price segment.
Regionally, about 26 per cent of housing sales has come from the North-West region (Baner, Balewadi, upto Mahalunge) at Rs 7,160 Cr, while Pimpri-Chinchwad clocked about 23.5 per cent, North-East Pune, South-West Pune, South-East Pune and Central Pune contributed approximately 19 per cent, 15 per cent, 14 per cent and 3 per cent respectively of total housing sales in the period January-July 2021.
Housing units priced above Rs 2 crore per unit witnessed cumulative sales of Rs 2,350 crore in January-July 2021, up by 88 per cent over sale of Rs 1,250 crore in period January-July 2019.
The sale of housing units priced below Rs 70 lakh per unit was 69 per cent in January-July 2019, compared to 63 per cent during the period January-July 2021, indicating rise in sales of higher-ticket size housing units in 2021.
Pune witnessed launches of large-sized projects in the period January-July 2021, indicating rising buyer preference towards community living compared to individual housing and small societies.
Speaking on the report, Anil Pharande, president of CREDAI-Pune Metro said, “An informed market research based on real-time survey is the right way to tackle the turbulent times faced in the real estate market today. The report has real sales data derived from IGR Maharashtra and what makes it interesting is that it compares sales for the same period in the two preceding years, 2019 and 2020 with optimistic results. This collaboration with CRE Matrix will enable our member developers to analyze markets scientifically and plan projects successfully.”
CRE Matrix collected the data through its two platforms, including Indextap and Floortap, that provide authentic information on real estate, Abhishek Gupta, chief executive officer of CRE Matrix, said.
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