Now, too less for too much!
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It is true that a proper demand is yet to be seen in the Pune real estate market in the residential segment.
However, Pune builders beg to differ.
According to them, the momentum started picking up April onwards and they quantify it at around a 40 per cent increase — that’s in comparison to November, December and January, when sales were nil.
“In Pune, a revival is happening across the board. The genuine buyers are back in the market. The responses were phenomenal in the last two months.
The response in April was around 10 per cent, but right now, it is over 50 per cent,” said Rohit Gera, vice-president, Confederation of Real Estate Developers Association of India (CREDAI).
“The price in the city has not risen like it has in Mumbai and Delhi. So, the correction was also not that steep.
The buyers realized that the prices have bottomed out and also read the indication of possible price hike from this level. That is the main reason behind the movement we see in the market,” he added.
To read more, please, visit - Pune Mirror
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