Home launches in Pune jumps 26%, sales down 20% in H12021

Mumbai: New home launches in Pune saw 26 percent jump in the first half of current calendar year 2021 as compared to the same period of last year. However, the sales of residential properties fell almost 20 percent due to the pandemic, according to a study by PropTiger.com.

The number of new launches in Pune stood at 12,558 homes in the first half of current calendar year as compared to 9,944 units in the same period of 2020. 

The sales of houses were down by 20 percent at 16,220 units as compared to 20,431 units in the January-June period of last year. 

Mani Rangarajan, Group COO, Proptiger.com, Housing.com & Makaan.com said, "Our research and market analysis points towards an upward movement in demand in the real estate sector. Residential properties have become affordable as interest on home loans continues to rule low and prices quite stable over for many years now. Even if we keep the affordability factor aside, there is a growing urge among potential homebuyers to own a property as work-from-home culture is going to stay in the near future and COVID led to the importance of home ownership. All these factors and the fast recovery in the economic activities are aiding the growth of the residential segment".