Pune’s real estate sector is currently experiencing a remarkable upswing, with unprecedented sales in warehouse and office spaces during the first half of 2024. This growth is seen as a significant achievement for the city’s construction industry and is expected to stimulate job creation and further boost the housing market.
The “Pune Housing Report – September 2024” unveiled at the CREDAI Pune Metro office in Camp highlighted key insights into the booming real estate landscape. At the report’s launch, industry leaders shared crucial insights, including a surge in residential sales. There has been a remarkable 36% increase in housing sales compared to 2019, with homebuyers increasingly opting for larger and more expensive properties.
Pune remains an attractive option for homebuyers due to its affordability compared to other major metropolitan cities. The city is rapidly establishing itself as a significant player in the global commercial real estate market, with record sales in warehousing and office spaces contributing to its growing infrastructure and job creation potential.
The “Pune Housing Report” revealed that approximately 44,000 homes valued at ₹31,000 crore were sold in the first half of 2024, solidifying Pune’s position as a leader in both residential and commercial property sales. With substantial growth in both sectors, Pune is on its way to becoming a significant player in India’s real estate landscape, offering a promising future for residents and businesses alike.
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