The rates of the property in the hottest micro markets in Pune observed decent upsurge over the year 2014 with all required facilities. In spite of the ordinary slowdown observed across other major cities, Pune realty sector stood resilient primarily due to robust demand from the IT/ITES sectors. The rates of the properties are comparatively “inexpensive in the urban in the compared to other property markets such as NCR and MMR. Pune observed the introduction of nearly 230 ventures during the 2014 year out of which 29% ventures were successfully launched in the West region, 23% in the East region, followed by 22 % in the South region and 5% in the central part of the urban.
The recent data indicates that the new launched and huge supply in the city in 2014 was majorly dominated by small and mid-sized ventures, which comprised nearly 90% of the total project supply. It approves that the foremost fact the urban is possibly expected to witness the sufficient supply of the ready to move in the property in 2016, followed by 2015 year. According to the recent realty sources, “2015 year will be more profitable for Pune real estate market. This realty market is very flowering and profitable in 2015 year.
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