Pune Tops India’s Real Estate Market with Rs. 28,000 Cr Sales in H1 2023
· CREDAI Pune Metro releases CRE Matrix Report
· Pune witnesses a 90% growth in real estate transactions compared to 2019
Pune, 4th September 2023: Pune is now the most preferred real-estate investment destination and the most affordable amongst the metro cities as per the CRE Matrix Report released by CREDAI Pune Metro. The report was presented at the recently held Members Assistance Meeting at CREDAI Pune Metro Auditorium. The meeting highlighted a number of aspects relating to the real-estate scenario in Pune.
The report was presented by Abhishek Gupta- CEO, CRE Matrix, and Rahul Ajmera – Data Analyst. Kapil Gandhi – Convener PR, Abhishek Bhatewara – Managing Committee Member, and Dr. D K Abhyankar- Director General, CREDAI Pune Metro were present among the other members.
Ranjit Naiknavare-President CREDAI Pune Metro says, “I am glad to share that, CREDAI Pune Metro along with CRE Matrix as a knowledge partner, has derived this authentic report from registration data as well as RERA data to bring conclusive information.
As per their latest report, Pune is now India’s most affordable and fastest growing real estate market among all metro cities in terms of number of units sold in the period January-June 2023. 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. This is a 90% growth over H1-2019, meaning Pune’s real estate market has done phenomenally well in the last 4 years.”
Speaking on the occasion, Abhishek Gupta- CEO, CRE Matrix said, “Pune has made the most of the tailwinds it had witnessed in the sales, ending H1 CY ’23 with a 40% spike in total sale numbers as opposed to H1 CH’19. Pune city sold at an all-time high 45,162 primary housing units in the period of Jan-23 to June-23 as compared to the approx. 32,250 housing units sold in the period Jan-19 to June-19, the pre-COVID era.” Additionally, “The average price of a housing unit sold in Pune in H1-2023 was Rs. 63 lakhs, this is 37% higher than the corresponding number in H1-2019, suggesting that average sizes and prices of homes are increasing. Units priced above ₹ 1 Crore have seen a sales hike of 250%, during H1 CY’23 as compared to H1 CY’19.”
