Pune: Mixed bag for real estate as some realtors see sales dip, others see rise

“Therefore new launches have practically stopped in this region, which contribute to more than 45% of Pune’s real estate market. With no new supply, sales have also reduced as there isn’t much choice for the consumer. The unsold inventory is at its lowest, indicating that the demand is much more than the sales in Pune. Infact, due to fewer new launches and a proposed increase in the ready reckoner rates, we expect a price rise in pockets of PCMC,” he said.

Sachin Bhandari, executive director and CEO of VTP Realty however said they saw good demand across their projects. “This festive boost not only marks a strong close to the financial year for us but also presents a unique opportunity for buyers to secure high-value investments with confidence,” he said.

Some realtors said they saw a slight dip due to global macro economics conditions. Aakash Agarwal, managing director of Krisala Developers, spoke about a 15 per cent decline in new launches. “Most IT professionals are keeping a close watch on the markets given the disturbances created following talks by US president Donald Trump calling for sanctions, and have thus shelved their plans to invest in a home,” he said.

Overall, the festive moment has not produced sales as normally expected.

Pune property consultant Anarock saw sales of 16,100 units during the first quarter of 2025, which was a 30 per cent dip when compared to the same time last year. The city saw launches of 16,860 units — a dip of 10 per cent from last year’s first quarter. Price wise, property prices have increased on a year-on-year basis. Anarock’s report said property prices have increased from 10-30 per cent in the first quarter of 2025 as compared to the first quarter of 2024. Property prices are expected to remain high for the rest of the year.