Pune notes more housing sales in first half of 2021 against last year
Real Estate

Pune notes more housing sales in first half of 2021 against last year

A report by real estate consultants JLL has announced that the city recorded more sales in the first half of 2021 than the corresponding period last year, with the north-eastern and north-western suburbs driving the trend.

The report said that the tech-heavy, emerging, and developed suburbs controlled sales in the Pune region, with around three out of four homes (74%) sold in the first half of 2021 being in places like Vimannagar, Kharadi, Wagholi, Wakad, Hinjewadi and Aundh.

It said that sales in the Pune area increased by 59% from January to June this year over the corresponding time in 2020. It shows that the second wave of the pandemic and the ensuing restrictions had a lighter impact on real estate sales than the total lockdown during the first wave of the Covid-19 pandemic. About 7,284 units were sold in Pune during the reported period, compared to 4,579 units in the corresponding period of 2020.

Samantak Das, Chief Economist & Head of research, JLL, told the media that there was no denying the fact that the second Covid-19 wave adversely impacted the market following a good recovery curve. The impact was reduced when compared to the same time last year. Most of the changes witnessed in the sector have been structural, and demand for houses is anticipated to surge.

A Pune based real estate player told the media that sales were going phenomenally well in the first three months of 2021 because of the stamp duty reductions. It rose by 1% from the end of December 2020.

Both entry-level and other homebuyers took advantage of the stamp duty reductions. But the expiry of the relief, the second wave of the pandemic and the start of monsoons stalled the market.

Image Source


Also read: Property registrations in Indore recorded a 60% jump in June

Also read: Premium home launches at 36% in Q2 2021, affordable housing share dips to 20%

A report by real estate consultants JLL has announced that the city recorded more sales in the first half of 2021 than the corresponding period last year, with the north-eastern and north-western suburbs driving the trend. The report said that the tech-heavy, emerging, and developed suburbs controlled sales in the Pune region, with around three out of four homes (74%) sold in the first half of 2021 being in places like Vimannagar, Kharadi, Wagholi, Wakad, Hinjewadi and Aundh. It said that sales in the Pune area increased by 59% from January to June this year over the corresponding time in 2020. It shows that the second wave of the pandemic and the ensuing restrictions had a lighter impact on real estate sales than the total lockdown during the first wave of the Covid-19 pandemic. About 7,284 units were sold in Pune during the reported period, compared to 4,579 units in the corresponding period of 2020. Samantak Das, Chief Economist & Head of research, JLL, told the media that there was no denying the fact that the second Covid-19 wave adversely impacted the market following a good recovery curve. The impact was reduced when compared to the same time last year. Most of the changes witnessed in the sector have been structural, and demand for houses is anticipated to surge. A Pune based real estate player told the media that sales were going phenomenally well in the first three months of 2021 because of the stamp duty reductions. It rose by 1% from the end of December 2020. Both entry-level and other homebuyers took advantage of the stamp duty reductions. But the expiry of the relief, the second wave of the pandemic and the start of monsoons stalled the market. Image Source Also read: Property registrations in Indore recorded a 60% jump in June Also read: Premium home launches at 36% in Q2 2021, affordable housing share dips to 20%

Next Story
Infrastructure Energy

IndianOil NTPC Green Seeks Bifacial Modules for 750 MW Gujarat Solar

NTPC Green Energy (NGEL), acting on behalf of IndianOil NTPC Green (INGEL), has announced that it is inviting bids to supply photovoltaic (PV) modules for a 600 MW AC (750 MW DC) solar project located in Bhuj, Gujarat. INGEL is developing the project in two blocks, each with a capacity of 375 MWp.The successful bidders are required to supply bifacial PV modules with a minimum wattage of 570 Wp each for the entire 750 MWp project. The contract will include the production, supply, and transportation of open-category crystalline PV modules that are listed under the Approved List of Models and Man..

Next Story
Infrastructure Transport

India to Build First Polar Research Vessel in Kolkata with Norway Aid

India is poised to enhance its polar and ocean research capabilities by building its first polar research vessel (PRV). A significant step towards this was taken when Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) and Norway’s Kongsberg signed a memorandum of understanding (MoU) in Oslo on Tuesday to facilitate the construction of the vessel.GRSE, which has prior experience in building complex maritime platforms such as warships and survey vessels, will construct the PRV at its shipyard in Kolkata. This partnership represents a major milestone for India’s shipbuilding industr..

Next Story
Infrastructure Energy

Juniper Commissions 145.99 MWp Solar Project in Maharashtra State

Juniper Green Energy announced that it had commissioned its 145.99 MWp solar power project at Chapalgaon in Maharashtra, which will supply electricity to the Maharashtra State Electricity Distribution Company (MSEDCL).The plant was commissioned on May 22, 2025, completing the project 19 months ahead of the Scheduled Commercial Operation Date and only 2.5 months after the power purchase agreement (PPA) was signed on March 7, 2025. The project is set to operate at its full capacity of 145.99 MWp from the commissioning date.Ankush Malik, CEO of Juniper Green Energy, explained that early land acqu..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?