As the government has explicitly shown support for affordable housing, Pune looks to remain resilient in affordable as well as mid-income housing, reported by Cushman and Wakefield.
Despite the observed slowdown in the market, overall launches increased on the decent rate of 14 per cent to 18,700 units in 2016. The ticket size in value housing and mid segment has seen the slight rise.
The report shows that there is an uptick of 20 percent in value housing segment to 8,600 units with regular demand from the buyers. Also, ticket size has been increased to 10 per cent to Rs 30 lakhs due to the higher launching price for the new project in Hinjewadi and Bhugaonwere. Apart from these locations, many value housing projects are launched with higher prices in Hadapsar, Kondwa, Lohegaon.
On the other hand, high-end segment hits its historical low with 88 per cent fall and the average ticket size almost halving to Rs 1.1 crore. Only 3 projects are launched in 2016 which are located in Mulshi and Pashan.
Source: ET Realty