Pune’s real estate market is experiencing a dynamic shift, driven by a confluence of factors. Understanding these trends and implementing data-driven strategies is crucial for developers and channel partners to navigate this exciting landscape.
Current Market Trends: A Look at H1 2024 (Jan – June)
- Robust Demand: The first half of 2024 witnessed a significant surge in property registrations in Pune. Reports from sources indicate that in June 2024, there was a 46% increase compared to January 2023, indicating strong buyer interest.
- Affordability Reigns Supreme: While demand is healthy across segments, mid-range properties remain the most sought-after. Data suggests properties priced between ₹50 lakh and ₹1 crore captured the largest market share (32%) in January 2024, followed by those between ₹25 lakh and ₹50 lakh (31%).
- Growth Beyond Affordability: Experts predict a rise in the mid, premium, and high-end residential property segments for 2024. This indicates a diversified market catering to various buyer preferences.
Future Predictions
Looking ahead, the Pune real estate market is expected to maintain its growth trajectory. The influx of new office and retail spaces will provide more options for businesses and consumers, although it may impact vacancy rates. Residential property prices are likely to remain stable with a slight upward trend due to sustained demand and limited supply.
Sellability: Navigating Pune’s Dynamic Real Estate Market
Sellability, under the leadership of Mr. Abhishek Mishra, is uniquely positioned to help real estate developers and channel partners capitalize on these trends. With a proven track record of launching over 30+ projects across various categories, Sellability combines deep market insights, best-in-industry team strength, and a pedigree with cumulative experience of selling ₹8000+ Cr worth of inventory. They offer innovative solutions to deliver exceptional results. Notable achievements include several residential and commercial projects across Pune, selling total inventory worth ₹1600+ Cr in the last 2 years, and achieving a 40% sell-out during pre-launch while maintaining optimum velocity throughout various phases.
Sellability offers comprehensive end-to-end services, starting from land acquisition, JV/JD structuring, strategic consulting, and execution. Their services include but are not limited to market analysis, product planning, Go-To market strategy, sales and marketing integration & execution, while ensuring brand upliftment along with high velocity and volume performance. By leveraging technology, process modelling, and data analytics along with deep knowledge of the Pune real estate market, Sellability provides actionable insights that help developers and channel partners make informed decisions and maximize their returns.
As Pune’s real estate market continues to evolve, partnering with an expert advisory firm like Sellability ensures access to unmatched expertise and a track record of success. Their strategic approach and innovative solutions make them a valuable partner for real estate developers and channel partners looking to thrive in this dynamic market.
Mr. Abhishek Mishra
Founder & CEO, Sellability Sales & Marketing Solutions LLP
