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Pune tops in primary housing sales among the top 7 metro cities in India

Pune is becoming the go-to place for real estate in India. It’s growing fast and it’s affordable. Among the big cities in India, Pune is selling the most homes. That’s what the latest Pune Housing Report by CREDAI Pune Metro tells us. The report was shared at a meeting in Pune.

The report came from CREDAI Pune Metro. Abhishek Kiran Gupta – CEO of CRE Matrix and Rahul Ajmera – Data Analyst shared it. Ashwin Trimal – Secretary, Kapil Gandhi – Convener PR, and Dr. D K Abhyankar- Director General released it. Punit Oswal, Abhishek Bhatewara, and Kapil Trimal, along with over 100 developers, were there.

The report for 2023 shows:

  1. Pune’s real estate is doing well because more people are moving here for education, jobs, and other opportunities.
  2. Young people, especially those between 25 and 35, like Pune more than other big cities.
  3. Ranjit Naiknavare, President of CREDAI Pune Metro, says the report helps developers know what people want.
  4. Pune is growing fast. New metro lines and roads are helping the real estate market.
  5. Pune’s education, jobs, and nice weather make it attractive to young buyers.
  6. Abhishek Kiran Gupta says Pune sold the most homes in India in 2023.
  7. Here are some important points from the report:

   – Pune sold 89,347 homes worth 57,412 crores in 2023.

   – Homes priced above 1Cr are selling four times more than before.

   – Most buyers are between 25 and 35 years old.

   – The average home price in Pune is Rs 64 lakhs.

   – Pune is still the most affordable big city.

   – Pune and PCMC together make up 20% of all home sales in India.

   – PCMC and Northwest Pune have seen big growth in home values.

   – In 2023, Pune sold more homes than other big cities like Thane, Bangalore, Delhi, Hyderabad, Mumbai, and Chennai.

The Pune Housing Report shows Pune’s real estate is booming. It’s good news for the city and the people who live here.

 

Disclaimer: The information provided by A2 Digital is for general informational purposes only.

Source: MyPunePulse

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