Pune Real Estate

Pune property registrations jump 46% YoY in Jan, apartments priced Rs 50 lakh to Rs 1 crore bestsellers

Majority of the homebuyers in the Pune real estate market in the age group of 30 to 45 years of age

Registration of properties in Pune up 7% in Nov amid strong housing demand: Knight Frank

A total of 14,607 units were registered last month, up from 13,694 registrations in November 2022, the data showed.

Pune-based real estate developer Gera Developments signs Amitabh Bachchan on as brand ambassador

The company says it has a strong pipeline of 5.5 million sq. ft. of saleable area under development in Pune.

Pune apartment prices rise 11% but sales down 8%, says GERA report

The average price rise of 4 percent was seen in areas including Hinjewadi and Wakad followed by areas like Kharadi, Kothrud and Undri at 3 percent, according to Knight Frank India report.

Is the Pune real estate market going the Mumbai way?

Affordability is increasingly becoming a challenge. As a result, the sizes of apartments in Pune are falling. Yet, they are larger than in Mumbai

GERA Developments appoints CEO for the first time in 52 years

Malhotra has over two decades of experience across the entire real estate value chain, said the company

Mumbai-based Dosti Realty forays into Pune market, to construct over 1 million sq ft

The builder is eyeing a topline of Rs 1,100 crore with its Dosti Greenspaces project in Hadaspsar; in talks to commit to more projects.

CapitaLand receives 80% leasing commitments for tech park in Pune

Overall, CapitaLand has planned the development of 3 million sq ft construction in the International Tech Park in Pune. Of this, 1.5 million sq ft is ready to move. The 16.5-acre IT campus is being developed for S $311 million, the company said

K Raheja Corp, Aditya Shagun Developers to build 3 mn sq ft IT park in Pune

Pune's Balewadi locality has seen rapid growth in social infrastructure over the years. It offers easy access to several residential, office and retail developments along with hotels, hospitals, schools and more, making it an attractive destination, JLL India said in a statement.

Springer Nature leases 1.1 lakh sq ft of office space in Pune for 10 years

Valued at about $17 million over the tenure of the lease, it is spread across two floors of the 7,00,000 sq ft building; the company has the option to take on an additional 56,000 sq ft.

Pune records 14,309 property registrations in March, earns Rs 621 crore

Registrations remained flat in March, matching levels recorded the previous month. However, there was a 33 percent YoY decrease owing to the stamp duty increase in April 2022, which sparked a scramble for registrations in March 2022.

Pune recorded 12,166 property registrations in January 2023, 9% lower than in December 2022: Data

However, January also saw a 34 percent year rise in property registrations over the same month last year, according to the data.

Pune`s Development Plan: An overview

If Pune`s development Plan is properly streamlined and implemented, all old and new areas will benefit from improved road networks which will help in the decongestion of the inner city.

Outlining the momentum of Pune real estate

Pune`s residential micro market drivers are the IT industry, and the rapidly growing BPO and ITeS sectors. However, increased demand for commercial and residential space has resulted in the expansion of the city and the development of new sub-markets, also supported by physical infrastructure.