The Gera report highlights Pune’s residential market recalibrating due to 40% price hikes (5y), 25% larger homes, and a 76% entry cost surge, straining affordability.
Amid India's 20% YoY housing sales drop, Chennai stood out with 11% annual growth and 40% QoQ surge. New launches jumped 65% YoY, driven by GCCs and premium demand. Developers are strategically boosting supply to meet rising demand in this outlier market.
Pune Sees 30% YoY Increase in Stamp Duty Collections to Rs 804 Crore in March 2024