Pune: Pune real estate market is driven by first time buyers who should value their needs with the project offers and decide the purchase. The market risks can be negotiated by being a alert and knowledgeable buyer; by utilizing the correct professional intelligence and services to make your buy a Happy Home.
Magicbricks in association with CRISIL, today, presented the ‘Real Estate Dialogues’, a unique platform that brought together key stakeholders of the real estate to discuss issues pertinent to the industry. The topic of discussion in the boardroom was ‘Triggering a Buy – Building Consumer Confidence’. The main objective of the dialogue was to take a 360 degree look at the issue by incorporating the view-points of various stakeholders.
The discussion kick started with a welcome note by E Jayashree Kurup, Head-Content and Research at Magicbricks.com, followed by dialogues on city market insights, factors impacting consumer confidence and the role of key stakeholders in improving the overall sentiments.
The panellists included Ishwar Parmar, MD, Ishwar Parmar Group, Rohit Gera – Managing Director, Gera Group, Gunjan Goel, Goel Ganga Group, Shantanu Mazumder, Knight Frank, Satish Ramchandani, Director, CRISIL Real Estate Ratings
Speaking on the occasion, E Jayashree Kurup, Head-Content and Research at Magicbricks.com, said, “Pune has been a steadily performing market with in India with strong growth drivers like IT and manufacturing. It caters to end users across price brackets. It has yielded steady returns and has not been highly speculative.”
After the 2007-08 slowdown, the development in Pune has focused more on affordability aspect. There has been a lesser focus on luxury segment as most consumers cannot afford projects in this category. Development of industrial zones in peripheral areas of Pune will further drive the demand for smaller formats like 1 BHK segment in Rs 10 -15 Lakh budget category.
Further development of Pune requires fixing issues like environment, water shortage, illegal construction, slum clusters and waste management.
Investing in Pune real estate market, need to understand the cyclic nature of the real estate. And accordingly, stay invested in the market for long term. Pune market has historically given good returns to buyers.
For those who look at their Next Homes or Investments Pune offers opportunities in its periphery. The city has a scope to undertake re-development projects and thus build more capacity for housing.
Typically in Pune the city house will come at a higher cost as compared to the periphery housing. The decision to select the location essentially should be driven by the evaluations of your current and future needs.
Home buyers should also closely scrutinize deals and offers to evaluate their genuineness and study any fine print in detail. They should go with a developers with established track record of project delivery.
