The 13th Gera Pune Residential Realty Report July 2024 highlights increasing prices across segments, homebuyers’ preference for larger homes, and reputed developers
KEY HIGHLIGHTS: Average home prices rose 8.92% in the past year to an average of Rs 6,298 per sq ft in June 2024, a lifetime highRates increased 19.95% over 24 months and 28.06% over 36 monthsProjects under development grew 9.61% from a decadal low of 2,227 in June 2023The increased inventory and prices have pushed the unsold inventory value to Rs 61,849Cr from Rs 49,423CrDemand for larger homes persists. Three-bedroom units account for 27% of new launches, reflecting a shift of consumer preferences towards larger-sized homes.The PremiumPlus segment witnessed the maximum price rise with a 5-year CAGR of 7.58%, reaching Rs 8,310 per sq ft in June 2024Excess supply or inventory (inventory overhang) improved in the Value and PremiumPlus segments, with an overall market average of 9.68 months ...










