Pune realty market's growth 15% in 2012, says report

Pune, Feb. 15: The Pune residential real estate market has seen an average appreciation of 15 per cent during 2012, according to the 2012 Pune Residential Real Estate Report released by Gera Developments. The report, based on field research conducted over the past year, indicates that as of December 2012, there were 1,882 residential projects in Pune under construction or with ready-to-sell stock. The gross supply during the year was 214,115 spread over 1,882 projects, of which 79.33 per cent was sold. The total unsold stock stood at 44,251 units. Of the unsold stock, 58 per cent was below 1,000 sq ft in size. The 1,000-2,000 sq ft segment has seen a drop in supply. Forecast An interesting insight is that the supply of homes above Rs 1 crore stood at 2,719 units and the segment between Rs 75 lakh and Rs 1 crore had 2,191 apartments. This means, 10 per cent of total supply is in the high-end segment — an indication of the push towards premium homes. Continued at:http://www.thehindubusinessline.com/news/real-estate/pune-realty-markets-growth-15-in-2012-says-report/article4419418.ece