News
Gera Pune Residential Realty Report is out
Gera Developments on January 6 released the January 2021 edition of its biannual report, The Gera Pune Residential Realty Report.
This census-based study of the Pune residential realty market is based on primary and proprietary research conducted by Gera Developments and covers all existing projects in a 30 km radius of the city centre, said a press release.
The Pune residential real estate market, according to the report, seems to have climbed a wall of worry and has posted very encouraging numbers across the board. The impact is evident across all parameters.
Sales are back to normal and are on a par with pre-COVID levels. Average prices across the city have risen by 3.5 per cent. Inventory is the lowest in six years in both, absolute and percentage terms. Total number of projects has fallen by 15 pc compared to five years ago, and number of new units launched has fallen by 40 pc, which was expected. In the same period, projects launched in the premium plus (between Rs 5,721 & Rs 7,151 psf) and luxury (above Rs. 7,151 psf) segments increased.
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