The property appreciation rate in Pune is surging annually. As I have been in the field of real estate for a long time, I am well aware of the increase in property prices here.
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There has been an increase in property prices for
New projects
Existing phases of old projects
The new phase of old projects as well
These indicate that a lot of people are purchasing properties in this city at higher prices than ever before.
What is the Average Property Appreciation Rate in Pune Last Year?
According to my fact finding, in Q2 (second quarter) last year, it was observed that Pune’s housing market witnessed a drastic increase of 8.7% QoQ (Quarter on Quarter) in demand. This did push the average property rate as well by 1.6% QoQ. I was quite astonished to see this real estate growth rate in Pune last year. I believe this is going to increase every year now. Here are the types of properties that people are looking for in Pune:
City |
Ready to Move In Property |
Under Construction Property |
Plots |
Pune |
81% |
9% |
10% |
People are more keen on buying properties within the city than in the suburban parts. About 87% of people are interested in living in the city and only 17% are looking forward to properties in the suburbs.
You can rely on this data and move forward with investing in properties in Pune.
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What is Property Appreciation Rate in Pune?
Ganesh
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1 Year
2024-02-14T08:12:09+00:00 2024-02-14T09:36:16+00:00Comment
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