Pune is the most vibrant and affordable city that is located in the state of Maharashtra. It has emerged as the best in affordability and real estate sector investment. The changing landscape of real estate is recently highlighted in the CRE Matrix Report. The report attracts the attention of readers by crediting Pune to be the best city for real estate investments and profits.
In the recently released Report by CRE Matrix, Pune is the most preferred real estate investment place. The report is of importance and the meeting is taking place at the CREDAI Pune Metro Auditorium. Hence basis of the report findings suggests that sales registration data is based on the RERA data.
Ranjit Naiknavare, President of the CREDAI Pune Metro informs that “Pune is fastest and most affordable places in India when it comes to housing among all Metro cities, as fetched by the terms of Sold no of units in period Jan-June 2023.
Even, the Pune Housing Market in H1-2023 (Primary excluding Re-Sales) has clocked sales of over 45,000 units worth over Rs 28,000 crore. Also, there is 90 percent growth over the first half of calendar year, meaning Pune’s real estate market has done phenomenally well in the last four years.”
Abhishek Gupta, CEO of the CRE Matrix states that “Pune has it has witnessed an increase in sales in the first half of 2023 with increase of 40% increase in total sales. Hence Pune sold 45,162 units in January to June 2019 respectively. He also says that housing units sold worth Rs 63 Lakh in 2023 is greater amounting to 37 as compared to the prices in 2019.
Hence properties priced above Rs 1 Cr experienced growth of 250% in H1 CY’23. So the progress here tells about increased growth in luxury real estate too.