Pune’s Real Estate Brilliance: Key Findings from the CRE Matrix Report!

According to the recently released CRE Matrix report by CREDAI Pune Metro, Pune is now the most popular destination for real estate investment and has the lowest real estate prices among metropolitan cities. The report was presented at the Member Support Conference held at CREDAI Pune Metro Auditorium. 

 The report’s findings are based on sales registration data and its RERA data. Pune is now India’s most affordable and fastest-growing real estate market among all metropolitan areas in terms of units sold from January to June 2023. Pune’s housing market recorded sales of over 45,000 units worth over Rs 28,000 crore in the first half of 2023. This means that the real estate market in this city has performed phenomenally well during the year, said Ranjit Naikunabare, President, of CREDAI Pune Metro. Abhishek Gupta, CEO, of CRE Matrix, said, Pune will make the most of the sales tailwinds in the first half of 2023, with overall sales increasing by 40% year-on-year, the number has increased. He also said that the city recorded a record high number of primary residential sales at 45,162 units during January-June 2023, compared to the pre-COVID-19 period of January-June 2019. 32,250 units were sold. The average price of residential units sold in Pune in the first half of 2023 was Rs 63 million, which is 37% higher than the average price in 2019, indicating that the average size and price of apartments are increasing, said Mr.Gupta.

Source: Indian Express

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