Pune: Mumbai and Pune LED Housing Sales in the first half of 2021, assisted by cutting Cap Dea two Step countries and low interest rates, according to reports by real estate observers Knight Frank and Gera Developers.
The report stated that Pune’s housing market developed towards the mid and premium segment during this period.
In accordance with the data Knight Frank, about half of all housing sales in India between January and June this year was executed in Pune and Mumbai.
Also encourages historical sales of low interest rates offered by lenders for home loans, and strong recruitment in the IT and ITES sectors.
They also noted that housing prices were contracted around 2% over the past year.
The first half of 2021 was also marked by an increase in unsold inventory – 18% compared to the same period in 2020 – with approximately seven quarters of supplies left for sale.
“Sales in the last half-year period are mostly driven by the stamp duty concession in the first three months of 2021, reducing loan interest rates to low throughout the time, demand for larger homes, better work prospects in the IT sector., Increased savings, economic revival after the first wave, and the deduction of prices and discounts offered by the developer.
Apart from the closure of the stamp duty and second locking window, active home buyers from April to June 2021, and as developers are willing to absorb the burden of increasing stamp duty, it causes the closure of the transaction “Said Paramvir Singh Paul, Pune Director Knight Frank.
Overall, the data Knight Frank showed that housing sales in the first half of 2021 grew by 74% over the appropriate period in 2020, given the part of March and all April-June 2020 was strict washing due to strict locking.
Both Knight Frank and Gera noted that the market in Pune grew in the east and western outskirts.
Gera, in the Realty Pune report, adding that the premium segment house takes an increasing portion of housing pies, with increasing disposable income and low interest rates pushing the market towards branded and large small projects.
“We have seen the biggest advantages in the Hinjewadi-Baner-Balewadi area, and sales fell most in the core city area.
The budget and offer value fell, such as luxury.
However, the premium segment – RS 5,000-6,000 per square foot – increases in sales , and the share of 3BHK is increasing.
Affordability gets better, and is currently at the 2004 level, “said Rohit Gera, Managing Director of Gera Development.