The real estate market in Pune has been on fire in the first quarter of 2024, with a whopping 49% increase in transactions and a 56% surge in overall sale value. Key players like VTP Realty, Kolte Patil Developers, and Vilas Javdekar Developers have been driving this growth with their impressive sales figures.
Projects like VTP Dolce Vita, Pride World City, and Kolte Patil Life Republic have been particularly successful, raking in huge sales numbers. Budget-wise, properties priced below ₹50 lakh have been the most popular, while properties sized between 500 and 1000 square feet have dominated the market.
The Real Estate Regulatory Authority (RERA) has reported a total of 194 new projects launched in Q1 2024, with Pimpri Chinchwad, Pune East, and Pune West being the most active areas for new developments. Micro markets like Pimpri Chinchwad, Pune West, and Pune East have been performing exceptionally well, with Baner, Wagholi, Wakad, and Hinjewadi emerging as hotspots for real estate activity.
Overall, the real estate market in Pune is looking strong and promising, with a bright future ahead. The growth in transactions and sales value, along with the active involvement of leading developers, indicate a robust and dynamic market that is set for further expansion. This bodes well for the future of Pune’s real estate sector, signaling continued interest and investment in the region.
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