The sharp recovery seen in the Pune residential real estate market driven by the share in the higher and more premium product types clearly indicates that market has climbed the wall of worry posed by the COVID-19 situation. Sales volume is at par with Pre-Covid levels. However, competitive intensity amongst the top tier developers has increased.
Affordability has brought about a structural change in the market landscape with customers now opting for higher bedroom types with top-tier developers. Some developers with the desire to match customer aspirations have started pushing the envelope to attain clear undisputable market leadership.
The Gera Pune Residential Realty Report is a bi-annual initiative by Gera Developments that is aimed at garnering insights on both the supply and demand sides of the residential realty market in Pune. This census-based study uses feet on street methodology of data gathering and covers the Pune Urban Agglomeration area. The data is then validated and statistically analysed. What started, as a knowledge gathering initiative in 2011 has now become something that realtors, IPCs, Research Houses, Brokerage Houses and Banks & Financial Institutions look forward to. Besides a broad overview of inventory available, off-takes and prices, the report dives deeper to mine insights by price segment, sq. footage, construction stage and size of unit.
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