Highlights of the report:
•The price rise for the year June ‘14 – June ‘15 was 3.33% as compared to 10.03% in the previous year - June ‘ 13 – June ‘14
•The half yearly growth rate has also slowed down from 3.04% during the period June ’14 – December ’14 down to a miniscule 0.27 % for the period January ’15 to June ’15
•There is a significant increase of 14.36 % in the gross inventory in the past 12 months
•The unsold stock (inventory with developers for sale) has shown a steep jump of 36.85% in the same period.
•The price rise for the year June ‘14 – June ‘15 was 3.33% as compared to 10.03% in the previous year - June ‘ 13 – June ‘14
•The half yearly growth rate has also slowed down from 3.04% during the period June ’14 – December ’14 down to a miniscule 0.27 % for the period January ’15 to June ’15
•There is a significant increase of 14.36 % in the gross inventory in the past 12 months
•The unsold stock (inventory with developers for sale) has shown a steep jump of 36.85% in the same period.
What would you say after reading these points of the report ?
Is this a right time for buyer to invest or Avoid for some time to buy ?
Will the next three years growth rate would be the same like last year or there will be a different story ?
Are you afraid to buy a property in Pune ?
You must be having all these questions in your mind after reading this report. But we all know that past performance is not an indicator of future results. No one knows what would be the future growth rate of property rates in Pune.
But these figure gives some other indications.
Just to know about current real estate scenario I discussed with some real estate consultants. I met Mr. Anil who works in Western Pune area.
Hi Anil, "How is the response of buyers in residential market" ? I asked.
"From since last one year we have seen a drop in number of buyers. I can say the people who are looking for residence purpose only those people are buying homes. People who are looking for investment in real estate market are avoiding and preferring to invest in equity and gold commodities." He said
"Government mission homes for every one till 2022 is also a factor because of people are avoiding to invest in real estate market." He said.
I hope my analysis on real estate market will help for home buyers to understand Pune residence real estate market.
Just to know about current real estate scenario I discussed with some real estate consultants. I met Mr. Anil who works in Western Pune area.
Hi Anil, "How is the response of buyers in residential market" ? I asked.
"From since last one year we have seen a drop in number of buyers. I can say the people who are looking for residence purpose only those people are buying homes. People who are looking for investment in real estate market are avoiding and preferring to invest in equity and gold commodities." He said
"Government mission homes for every one till 2022 is also a factor because of people are avoiding to invest in real estate market." He said.
I hope my analysis on real estate market will help for home buyers to understand Pune residence real estate market.
