{"id":1427,"date":"2024-02-28T18:01:36","date_gmt":"2024-02-28T18:01:36","guid":{"rendered":"https:\/\/www.indextap.com\/blog\/?p=1427"},"modified":"2024-02-28T18:01:36","modified_gmt":"2024-02-28T18:01:36","slug":"pune-housing-market-soars-to-new-heights-in-cy23-a-comprehensive-report-on-trends-growth-and-future-prospects","status":"publish","type":"post","link":"https:\/\/www.indextap.com\/blog\/pune-housing-market-soars-to-new-heights-in-cy23-a-comprehensive-report-on-trends-growth-and-future-prospects\/","title":{"rendered":"Pune Housing Market Soars to New Heights in CY’23: A Comprehensive Report on Trends, Growth, and Future Prospects"},"content":{"rendered":"\n

The primary sales performance in the Pune city market for the current year has shown a significant uptick, experiencing a notable 45% growth compared to CY19. The substantial growth of over 250% observed in both the 70 lacs to 1 Cr. and 1 to 2 Cr. segments are particularly noteworthy. This changing scenario indicates a shift towards the luxury segment in housing Pune.<\/strong>
<\/p>\n\n\n\n

Key Highlights:
<\/p>\n\n\n\n

1 – Pune’s housing market achieved record sales in CY’23, totaling \u20b957,412 Cr., marking the highest yearly sales value in the last five years.<\/p>\n\n\n\n

2 – Sales volume surged by 45% compared to CY’19, with 89,347 housing units sold in CY’23.<\/p>\n\n\n\n

3 – The average selling price of a flat in Pune<\/a><\/strong> increased by 37% from \u20b945 lakhs in CY’19 to \u20b964 lakhs in CY’23.<\/p>\n\n\n\n

4 – North-West Pune emerged as a significant contributor, accounting for 31% of the total sales value at \u20b917,945 Cr. in CY’23.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
  • CY\u201923 witnessed the highest stamp duty collection in this period, reaching \u20b93,779 Cr., indicating a notable surge in real estate pune<\/strong> transactions and property values during that year.<\/li>
  • The stamp duty collections from new sales in CY\u201923 increased by 102% compared to CY\u201919.<\/li>
  • GST collection from new sales in Pune has surged by 180% in CY\u201923 compared to CY\u201919.<\/li><\/ul>\n\n\n\n
    \"\"\/<\/figure>\n\n\n\n
    • Pune emerges as the front-runner among the listed cities, boasting an impressive sales volume of 89,347 units and is recognised as the fastest growing market in India.<\/li>
    • The impressive ratio in Pune suggests a potential for sustained growth in the real estate sector. Investors and developers may find Pune to be an attractive market for future projects and investments.<\/li>
    • Pune\u2019s supremacy, both in terms of sales volume and migration influx ratio, makes it the standout performer among top cities in India.<\/li><\/ul>\n\n\n\n
      \"\"\/<\/figure>\n\n\n\n
      \"\"\/<\/figure>\n\n\n\n
      • The contribution of the value of units priced above \u20b945 lacs has scaled up by 140% from CY’19 to CY’23. <\/li>
      • The budget segment of 70 lacs to 1 Cr. experienced a notable 250% growth in unit sales value from CY\u201919 to CY\u201923. <\/li>
      • Within the budget segment of \u20b9 2 Cr and above, Pune saw a notable increase of 227% in the number of units sold for CY’23 over CY’19.<\/li><\/ul>\n\n\n\n
        \"\"\/<\/figure>\n\n\n\n
        \"\"\/<\/figure>\n\n\n\n
        • A whooping 235% increase of housing units sale is witnessed for ticket size above \u20b91 Cr for period CY’23 over CY’19.<\/li>
        • Within the budget segment of \u20b9 2 Cr and above, Pune – Central saw a notable increase of 167% in the number of units sold for CY’23 over CY’19.<\/li>
        • The contribution of the value of units priced above \u20b945 lacs has scaled up by 132% from CY’19 to CY’23.<\/li><\/ul>\n\n\n\n
          \"\"\/<\/figure>\n\n\n\n
          • North-East Pune has witnessed an increase of 73% in the value of units sold for CY\u201923 as compared to CY\u201919.<\/li>
          • The Pune-North East has experienced a substantial compound annual growth rate (CAGR) of 15% in the total value of the unit sales from CY\u201919 to CY\u201923.<\/li>
          • Overall, North-East Pune has clocked a 40% increase in sales of units for CY\u201923 over CY\u201919.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"

            The primary sales performance in the Pune city market for the current year has shown a significant uptick, experiencing a notable 45% growth compared to CY19. The substantial growth of over 250% observed in both the 70 lacs to 1 Cr. and 1 to 2 Cr. segments are particularly noteworthy. This changing scenario indicates a […]<\/p>\n","protected":false},"author":1,"featured_media":1428,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-container-style":"default","site-container-layout":"default","site-sidebar-layout":"default","disable-article-header":"default","disable-site-header":"default","disable-site-footer":"default","disable-content-area-spacing":"default","footnotes":""},"categories":[9],"tags":[],"class_list":["post-1427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/posts\/1427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/comments?post=1427"}],"version-history":[{"count":1,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/posts\/1427\/revisions"}],"predecessor-version":[{"id":1429,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/posts\/1427\/revisions\/1429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/media\/1428"}],"wp:attachment":[{"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/media?parent=1427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/categories?post=1427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.indextap.com\/blog\/wp-json\/wp\/v2\/tags?post=1427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}