{"id":726,"date":"2017-10-13T11:39:50","date_gmt":"2017-10-13T11:39:50","guid":{"rendered":"https:\/\/koltepatil.com\/blog\/?p=726"},"modified":"2026-03-29T06:19:39","modified_gmt":"2026-03-29T06:19:39","slug":"real-estate-growth-pune-witnessed-in-the-last-5-years","status":"publish","type":"post","link":"https:\/\/www.koltepatil.com\/blog\/2017\/10\/13\/real-estate-growth-pune-witnessed-in-the-last-5-years\/","title":{"rendered":"Real Estate Growth Pune Witnessed In The Last 5 Years"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left-text counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd9933;color:#dd9933\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd9933;color:#dd9933\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.koltepatil.com\/blog\/2017\/10\/13\/real-estate-growth-pune-witnessed-in-the-last-5-years\/#What_Drove_Real_Estate_Growth_in_Pune\" >What Drove Real Estate Growth in Pune<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.koltepatil.com\/blog\/2017\/10\/13\/real-estate-growth-pune-witnessed-in-the-last-5-years\/#Real_Estate_Growth_Pune_5_Years_Overview\" >Real Estate Growth Pune 5 Years Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.koltepatil.com\/blog\/2017\/10\/13\/real-estate-growth-pune-witnessed-in-the-last-5-years\/#Emerging_Localities_and_Future_Outlook\" >Emerging Localities and Future Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.koltepatil.com\/blog\/2017\/10\/13\/real-estate-growth-pune-witnessed-in-the-last-5-years\/#Key_Drivers_Behind_the_Market_Surge\" >Key Drivers Behind the Market Surge<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"bsf_rt_marker\"><\/div>\n<p>Pune is the investor utopia and the developer paradise. The <strong>real estate growth Pune 5 years<\/strong> has witnessed has been nothing short of remarkable, transforming the city into one of India most promising property markets for homebuyers and investors alike.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-luminous-vivid-amber-color\">But, what are the reasons behind the growth?<\/span><\/strong><\/p>\n\n\n\n<p>The answer is pretty simple \u2013 affordable housing. Young IT professionals from across the country flocked to the city year after year, hoping to build a well-rounded life while making their dreams come true. This, in turn, increased the demand for retail and office spaces in the city, thus, crafting the perfect investment circle for both the developer as well as the buyer.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Drove_Real_Estate_Growth_in_Pune\"><\/span>What Drove Real Estate Growth in Pune<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Real_Estate_Growth_Pune_5_Years_Overview\"><\/span>Real Estate Growth Pune 5 Years Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Pune\u2019s growth as a smart city brought in several industries to set up base in the field of technology, automobile, manufacturing, education and services. A sudden price rise across all locations was the ultimate result of this development, wherein, homebuyers witnessed mind- boggling appreciation, some over 200% within a couple of years!<\/p>\n\n\n\n<p>Areas like Kharadi, Baner, Dhanori and Wanowrie and Pimpri-Chinchwad are some of the many micro-markets that lacked enough infrastructure half a decade ago. However, today, all these locations enjoy a robust infrastructure, endless residential options, office spaces, and entertainment avenues. Needless to say, this drove up the real estate prices, thus, giving Pune a far edge as the investor\u2019s top choice.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-luminous-vivid-amber-color\">Demonetisation and the advent of RERA<\/span><\/strong><\/p>\n\n\n\n<p>In the past five years, a fleet of governmental rules and acts have hit the country. However, their positive impact on Pune, though may not be as high as was expected, was still worth mulling over.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Emerging_Localities_and_Future_Outlook\"><\/span>Emerging Localities and Future Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The demand for RERA-compliant houses is quickly being fulfilled with enough supply in full swing. Whether it\u2019s houses in the luxury or budget quotient, apartments or row houses, Pune has been able to sustain major governmental regulations \u2013 the demand is always met with supply.<\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-luminous-vivid-amber-color\">The numbers<\/span><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Drivers_Behind_the_Market_Surge\"><\/span>Key Drivers Behind the Market Surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are the highlights of Pune\u2019s exponential growth in the real estate market in the past five years:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Housing.com suggested that Pune\u2019s residential market saw a year-on-year (YOY) appreciation in its property prices, to the tune of 7.9% in 2015. Property prices have further risen by 4%-6% in 2017.<\/li>\n\n\n\n<li>The average residential prices in the past five years have dwindled between INR 4,750-6,500.<\/li>\n\n\n\n<li>According to Global property consultancy Knight Frank, the office market of Pune witnessed the best absorption in last 5 years in 2015, with 5 mn sq ft being absorbed.<\/li>\n\n\n\n<li>Strong demand and tepid supply pushed office rental values to an all-time high to 56\/sq ft\/month.<\/li>\n\n\n\n<li>2015 recorded office space absorption of 5.2 mn sq ft, which was 15% higher than 4.5 mn sq ft during 2014.<\/li>\n\n\n\n<li>The majority of new launches are focussed in peripheral areas such as Wagholi, Dhanori, Hinjewadi, Pisoli and Pirangut, amongst others.<\/li>\n<\/ul>\n\n\n\n<p>With demand for all types of properties continuously having met at a steady pace, <strong><a href=\"https:\/\/www.koltepatil.com\/pune\/residential-properties\/ongoing\/\">Pune\u2019s real estate<\/a><\/strong> market looks extremely promising in the near future.<\/p>\n\n\n\n<p>Explore more <a href=\"https:\/\/www.koltepatil.com\/pune\">Kolte-Patil projects in Pune<\/a>. Verify RERA registration details on the <a href=\"https:\/\/maharera.maharashtra.gov.in\/\" target=\"_blank\" rel=\"noopener\">MahaRERA<\/a> official website.<\/p>\n\n\n\n<p>Explore more <a href=\"https:\/\/www.koltepatil.com\/pune\">Kolte-Patil projects in Pune<\/a>. Verify RERA registration on <a href=\"https:\/\/maharera.maharashtra.gov.in\/\" target=\"_blank\" rel=\"noopener\">MahaRERA<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pune is the investor utopia and the developer paradise. The real estate growth Pune 5 years has witnessed has been nothing short of remarkable, transforming the city into one of<a class=\"read-more\" href=\"https:\/\/www.koltepatil.com\/blog\/2017\/10\/13\/real-estate-growth-pune-witnessed-in-the-last-5-years\/\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,48],"tags":[],"class_list":["post-726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news","category-real-estate-trends"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real Estate Growth Pune 5 Years | Market Trends and Insights<\/title>\n<meta name=\"description\" content=\"Explore the real estate growth Pune 5 years has delivered. 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