{"id":1333,"date":"2023-09-16T06:15:14","date_gmt":"2023-09-16T06:15:14","guid":{"rendered":"https:\/\/www.homebazaar.com\/news\/?p=1333"},"modified":"2024-10-15T09:15:35","modified_gmt":"2024-10-15T09:15:35","slug":"yoy-property-registrations-growth-in-pune","status":"publish","type":"post","link":"https:\/\/www.homebazaar.com\/news\/yoy-property-registrations-growth-in-pune\/","title":{"rendered":"Pune: 99% YoY Property Registrations Growth In August"},"content":{"rendered":"

Knight Frank India’s latest report reveals a significant surge in property registrations in the Pune district during August 2023. Compared to August 2022, there was a remarkable 99%<\/strong> year-on-year increase, with a total of 13,021 properties registered, up from 6,544.\u00a0<\/span><\/p>\n

in August 2023, stamp duty collections also displayed robust growth, rising by an impressive 82% YoY to reach INR 423 Crores. Moreover, the cumulative value of August 2023\u2019s registered properties amounted to INR 10,613 Crores.<\/span><\/p>\n

On a year-to-date basis, Pune had a total registration of around 91,023 properties, indicating a 1 percent growth compared to the last year. However, stamp duty collections saw a more substantial increase, growing by 6.6% to INR 3,226 crores.\u00a0<\/span><\/p>\n

The overall value of the registered properties had surged by 25% YoY to Rs. 69,015 Cr during the same period. Notably, properties priced above INR 2.5 Crores experienced a remarkable increase of over 99% in August 2023, demonstrating strong market confidence.<\/span><\/p>\n

In August 2023, the residential units in the price range of Rs, 25L to Rs. 50L was the most looked-after, accounting for 34% of overall housing transactions. Similarly, properties priced around Rs. 50L and Rs. 1 Cr constituted 32 percent of the market share, establishing itself as the 2nd preferred category.<\/span><\/p>\n

Additionally, the higher-value segment, with properties priced at Rs. 1 crore and above, showed growth, increasing its market share from 9% in August 2022 to 11% in August 2023. This indicates a rising preference for properties in this price range, reflecting economic confidence.<\/span><\/p>\n

The demand for larger apartments also grew, with those exceeding 800 square feet having an rise in market share from 26% in August 2022 to 29% in August 2023, indicating a preference for spacious living spaces.<\/span><\/p>\n

Central Pune<\/em> is still dominating residential transactions in August 2023, maintaining a significant 72% share, while West Pune had the 2nd largest share at 16%. Conversely, North, South & East Pune collectively had a smaller share of 12 percent of residential transactions.<\/span><\/p>\n

Homebuyers in the 30 \u2013 45 years age group constituted the largest segment at 55%, reflecting the robust end-user market of Pune<\/a> with a strong presence of professionals in this age bracket.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Knight Frank India’s latest report reveals a significant surge in property registrations in the Pune district during August 2023. Compared to August 2022, there was a remarkable 99% year-on-year increase, with a total of 13,021 properties registered, up from 6,544.\u00a0 in August 2023, stamp duty collections also displayed robust growth, rising by an impressive 82% […]<\/p>\n","protected":false},"author":2,"featured_media":1377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41,117,28],"tags":[153,463,77,148],"class_list":["post-1333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pune","category-real-estate","category-residential","tag-property-registration","tag-property-registrations-growth","tag-pune","tag-pune-real-estate"],"_links":{"self":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/comments?post=1333"}],"version-history":[{"count":0,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/posts\/1333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media\/1377"}],"wp:attachment":[{"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/media?parent=1333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/categories?post=1333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homebazaar.com\/news\/wp-json\/wp\/v2\/tags?post=1333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}