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Sunday, May 11, 2014

Pune pips Mumbai in property sales


Pune-Real estate

Pune: Of late, Pune has been stealing a march over Mumbai Metropolitan Region (MMR) in property sales. At least, that’s what a recent survey by a real estate research firm says.

The national survey by Liases Foras, a real estate research firm, has revealed that while Pune witnessed a 22% rise in sale of residential properties in the quarter ending April 30, 2014 vis-a-vis the previous quarter, MMR reported only a 17 % rise in the same period. 

According to the survey, sales in Hyderabad plunged as much as 24%; Bengaluru and Delhi registered a 7% and 1% drop, respectively compared to the previous quarter. Chennai, however, saw an increased by 8%.

“The cost bracket of Rs 25 lakh-to-Rs 50 lakh witnessed the maximum (35%) new sales, followed by the Rs 50 lakh-to-Rs 1 crore cost bracket (32%). 

In the Pune market, the maximum new sales was in the affordable segment while in the Mumbai and Delhi markets it was in the luxury segment,” said Pankaj Kapoor, managing director, Liases Foras.

with thanks : DNA India : Link : for detailed news.

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