Pune's Home Sales Value Surges 19% in July-September 2024: Square Yards
Pune, including Pimpri-Chinchwad, recorded a 19% year-on-year (YoY) growth in home sales value for the July-September 2024 quarter, reaching ₹13,865 crore, according to a Square Yards report based on IGR data.
During this period, 18,806 residential transactions were registered, reflecting a slight 1% YoY decline in transaction volume. Despite this, the increased sales value pushed the average registered sales value to ₹74 lakh, marking a 20% rise compared to the same period last year.
Sachin Vyas, Principal Partner & CSO, Square Yards said, “Pune remains one of the strongest residential in India, second only to Mumbai MMR. We are observing a distinct trend toward higher-end properties, with the average home sales value rising 20% year-on-year to an all-time high of Rs. 74 lakh in the September 2024 quarter, and the western suburbs even surpassing the Rs. 1 crore threshold. Currently, Pimpri-Chinchwad and the western suburbs are at the forefront of residential activity in Pune, driven by excellent connectivity and their strategic location near IT hubs. Looking ahead, we are very optimistic about the market's potential. With the festive season underway and developers offering attractive incentives, we anticipate a surge in buyer interest and demand in the coming months.”