Based on Sq. Yards Information Intelligence, property registrations recorded by the Inspector Common of Registration (IGR), Maharashtra, surged by 49 per cent in comparison with This fall 2023, at 27,056. Correspondingly, the gross sales worth rose by 56 per cent, at ₹17,837 crore.
Amongst builders, VTP Realty led the pack with gross sales value ₹951 crore from 1,083 transactions. Kolte Patil Builders adopted with gross sales of ₹643 crore, and Vilas Javdekar Builders with ₹491 crore.
Among the many prime tasks, VTP Dolce Vita recorded the best gross sales of ₹469 crore from 580 transactions, adopted intently by Delight World Metropolis and Kolte Patil Life Republic.
Market segmentation
Almost half (45.4 per cent) of the properties had been priced under ₹50 lakh; 39 per cent had been priced between ₹50 lakh and ₹1 crore; and 13.2 per cent between ₹1 crore and ₹2 crore. A majority of the properties (63.4 per cent) had been 500-1,000 sq ft in measurement.
The Actual Property Regulatory Authority (RERA) reported 194 new tasks in Q1 2024, comprising 13,191 items measuring 1.17 crore sq ft. Pimpri Chinchwad, Pune East, and Pune West noticed essentially the most new challenge launches.
Micro-markets
The micro-markets in Pune confirmed various efficiency, with Pimpri Chinchwad main with gross sales of ₹7,512 crore from 13,311 transactions. Pune West and Pune East registered gross sales of ₹4,445 crore and ₹3,545 crore, respectively. Pune South and Pune Central additionally noticed substantial exercise, indicating market development throughout town.
Amongst localities, Baner topped with gross sales of ₹880 crore from 766 transactions. Wagholi, Wakad, and Hinjewadi adopted intently.
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