Hey there, folks! If you’re looking for a happening city to live in India, look no further than Pune! According to the latest Pune Housing Report for September 2024, Pune has once again secured the top spot as the ‘Preferred city for living’ in the country. And it’s not just about affordable housing anymore – the city is experiencing a boom in warehouse and office space sales, signaling a bright future for job seekers.
At a recent event at the CREDAI Pune Metro office, key figures in the industry unveiled the report, highlighting some key points. Home sales have seen a whopping 36% increase in the first half of 2024 compared to 2019, with buyers showing a preference for larger homes. Pune’s average home prices are significantly lower than other metro cities, making it an attractive option for both industries and migrants.
In terms of sales numbers, Pune recorded nearly 44,000 home sales valued at ₹31,000 crore in the first half of 2024. The construction sector in Pune has seen a remarkable 16% compound annual growth rate over the past five years, with buyers increasingly opting for larger homes this year.
The northwest regions of Pune, including Baner-Mahalunge, Pashan-Sus, and Hinjewadi-Wakad-Tathawade, are leading in total sales, while the southwestern Pune area has seen a 44% increase in average home prices. With an 8% increase in employment over the past five years and a growing demand for office and warehouse spaces, Pune is set to become a major player in the market.
So, if you’re looking for a city that offers affordable housing, job opportunities, and a high quality of life, Pune is the place to be! Keep an eye on this vibrant city as it continues to grow and thrive in the coming years. Cheers to Pune – the city of the future!
Thanks For Reading Report of Punepress.com