Pune Residential Real Estate Review 2012..!

 by Mr. Sanjay Bajaj, JLL India

 * The prices for house in Pune city moved up by an average of 12 per cent. Average appreciation in 2013 will be between 12% to 15% across the city

*  Hinjewadi , Kondhwa & Undri contributed almost 40 per cent of the total sales in 2012

*  The available inventory is equivalent to almost nine months’ stock, which indicates a very healthy absorption level in the city

* There was a reduction in number of new launches in 2012

Sanjay Bajaj, JLL India

* Supply increased in the middle budget segment (Rs.50 lakh to Rs.1 crore) and the luxury segment (Rs.1 crore & above) across the city. This trend will continue in 2013

* 2012 also saw an increasing supply of units in the super luxury segment (Rs. 4 crore & above), predominantly in the Eastern corridor (Boat Club road, Koregaon Park, Kalyaninagar,and Viman nagar). A growing number of local entrepreneurs are further fuelling the growth of the super luxury segment

* Developers in the super luxury segment are offering lot of value-addition in projects that have international tie ups, such as with reputed global developers (Panchshil – Donald Trump) , international architectural firms (ABIL – B + H Architects) & international designers.

Such tie-ups have increased the emphasis on detail in the projects, and to improve technical parameters

*  In 2013, Pune will see stronger demand from IT / ITeS * manufacturing sector employees, Mumbai based investors & NRI clients who are looking to invest in stable markets

*  Supply remains healthy towards the end of 2012, with units in all the budget categories available in & around the city

 About the author..!

by Mr. Sanjay Bajaj is Managing Director (Pune) at Jones Lang LaSalle India

Mr. Sanjay Bajaj - Managing Director – Pune

Ph: +91 20 4019 6100

Email: sanjay.bajaj@ap.jll.com

For media contact..!

Mr. Arun Chitnis

Assistant Vice President, Marketing

Jones Lang Lasalle India (JLL India)

Level 6, Amar Avinash Corporate Plaza

Bund Garden Road, Pune  - 411 001.

Tel: 020 - 3093 0441 Fax: 020 - 4019 6101

Mob: +91 93227 38464

Website: www.joneslanglasalle.co.in

Blog: www.joneslanglasalleblog.com/realestatecompass

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