What Gera's Realty Report Says For Residential Real Estate Market Pune.

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.

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.

Why Sample Flat Looks Always Attractive?

           If you are planning to buy a residential house then be aware!

          Because developer can make you fool by showing you a very charming sample house.

          Most of the developers construct sample flats to show the house buyer that how their house will look after completing the construction works. House buyers always look keen to see the sample flat. 

          Sample flat is just a rosy picture which is shown by the developers. Sample flat is the way through which developer trap customers. There are many things which you found in sample flat but not in the flat which you are going to occupy.

           So If you are looking to purchase a house then this blog may help you a lot.

           Just two days back i met a flat owner Mr. Ravikant at Baner Pune who owned a flat at Baner Pune. Mr. Ravikant shared his experience of purchasing house. He shared with me many things which he find in sample flat but did not find in the flat which he occupied or he got the possession.  

          "When I started hunting house i had gone through the most of the residential projects site office of all projects and found one common thing that all developers made their sales office and sample flats very attractive. I think this is the first stage of trapping house buyers." He said. 

          “Developers design sample flat in such a way that if you enter in the sample flat you feel that it looks more spacious. The reason behind of it is the height of the wall of sample flat. The actual height of the wall is always lower than sample flat.” He said.

          “ I found the quality of paint was different from what I had seen in sample flat. Even the quality of tiles was also different and there are many small things which you find in sample flat but  not in actual flat.” He said.

          “So you mean in under construction projects we do not get what the developers are showing us” I asked.

           “I can’t  say that every developer do the same thing but my personal experience is not as good with most of the developers. It can be also one of the reasons that many house buyers prefer ready possession flat or resale flats even I myself would suggest to go for ready possession or resale flats.” He said.

       

Sample Flat Kolte - Patil Life Republic Project Hinjewadi

Sample Flat Kolte Patil Life Republic Project Hinjewadi

Sample Flat River Residency Chikhali 

Sample Flat Kolte Patil Life Repblic Project Hinjewadi

Sample Flat Royal Entrada Project wakad 

Sample flat royal entrada project wakad

Sample flat Royal Entrada Wakad

Sample Flat Royal Entrada Wakad

 Instead of spending money on constructing attractive  sample flat and sales office developers should spend money on the actual flats or houses. I hope this blog will help you to find your dream home.


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I love to read comments. Feel free to ask about real estate market Pune.