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Mumbai and Pune have emerged as the driving forces behind India's residential real estate surge, capturing over half of the nation's new supply and sales.
The residential market in Pune has come a long way since it was known as a “Pensioner’s Paradise”, the epithet supported by a tranquil environment, pleasant climate, and the city’s historical association with being a preferred retirement destination.
Property sales in both Mumbai and Pune grew at the fastest pace of 26 per cent YoY each amongst the top eight cities, in the first half of 2023. Both these cities together account for 60 per cent share in the total 1.66 lakh units sold in H1 2023.
Pune takes second-highest share in overall property sales in top cities of India in July-September 2022 quarter. The demand in the city grew recorded a double-digit growth of 55 per cent YoY with localities such as Hinjewadi, Moshi and Ravet taking the lead.
With Pune attracting property buyers from all over the country and overseas, we look at the important factors that such buyers must consider, before making an investment
We look at the status and the proposed route of the Pune Ring Road, which was planned in 2007 and try to gauge the impact it will have on the city’s real estate market, once the project is developed