Home Decor News Hubb
Advertisement
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us
No Result
View All Result
Home Decor News Hubb
No Result
View All Result
Home Home Decor

Pune records highest property sales since 2013 in 2022: Report

admin by admin
February 1, 2023
in Home Decor


Pune’s residential real estate market saw the best sales since 2013 despite a 7 % YoY rise in prices, mentioned property consultant Knight Frank’s half-yearly report – India Real Estate, July – December 2022. Pune’s residential market recorded sales volume of 43,410 units in CY2022, seeing a growth of 17% YoY.

According to the report, homebuyers’ outlook remained optimistic despite consecutive mortgage rate hikes and additional 1% metro cess which affected the consumers’ purchasing capacity. However, the annual launches in Pune witnessed a marginal decline of 5% YoY accounting to 38,640 units.

The report pointed out that Pune saw half yearly sales of 21,613 units recording 9% YoY growth in H2 2022.  Sales volumes in H2 2022 were concentrated mainly in south, east and west zones of Pune,  having a share contribution of 32%, 28% and 23% respectively.

Residential sales of ticket size worth Rs 50 lakh to Rs 1 crore recorded improvement going from 40% in H1 2021 to 45% in H2 2022 in Pune while residential sales of less than Rs 50 lakh ticket size recorded a decline in share from 52% in H2 2021 to 46% in H2 2022. This change in share contribution can be owing to an overall rise in the price of products. Properties greater than Rs 1 crore also recorded an increase in share take up from 8% in H1 2022 to 9% H2 2022.

Vilas P Menon, national director – occupier services, capital markets and branch head – Pune at Knight Frank India said, “The Pune residential market has recorded substantial growth over the last 2 years. With the return-to-office trend catching up, residential spaces near key employment are expected to see a rise in sales momentum. Even while Pune is a price sensitive market for residential properties as it is largely end user drive, the recent rise in demand is based on consumer confidence, financial consistency and overall economic growth.”

Rajendra Pate, President, NAREDCO-Pune, said, “Pune’s real estate market has again shown its dominance in 2022 as demand surged considerably post the pandemic. The housing demand has sustained in Pune on the back of several factors like high rentals, opportunities in the job market and relatively affordable homes than other markets.”

Was this article useful?

  • 😃 (0)

  • 😐 (0)

  • 😔 (0)





Source link

Previous Post

Home Living Furniture is Open for Business

Next Post

Best Wall Mirror Designs To Beautify Your Home

Next Post

Best Wall Mirror Designs To Beautify Your Home

Recommended

Modern vs Contemporary Furniture: What’s the Difference?

January 11, 2023

Online application form, registration date & news

February 5, 2023

Don't miss it

Furniture

How to Make Living Room Corners Work for You

March 25, 2023
Home Decor

Smooth Moves: How To Relocate With Children Without The Stress

March 25, 2023
Home Decor

Know the different types and advantages

March 25, 2023
Furniture

Interior Design Ideas That Are Trending Now

March 24, 2023
Home Decor

How To Hide Your Air Conditioner And Make It Part Of Your Interior Design

March 24, 2023
Home Decor

Transfer of Property Act, 1882: TPA Facts, Application, Features

March 24, 2023

© 2022 Home Decor News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Home Decor
  • Furniture
  • Contact us

Newsletter Sign Up

No Result
View All Result
  • Home
  • Home Decor
  • Furniture
  • Contact us

© 2022 Home Decor News Hubb All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/