FEBRUAR

Y
Pune Housing Report | CY'23

Key Findings
The primary sales performance in the Pune city market for the current year has
shown a significant uptick, experiencing a notable 45% growth compared to CY19.
Particularly noteworthy is the substantial growth of over 250% observed in both the
70 lacs to 1 Cr. and 1 to 2 Cr. segments. This changing scenario indicates a shift
towards the luxury housing segment in Pune.

45%
₹57,412Cr. Growth of housing unit sales
with 89,347 units in CY’23 vs
Total value of homes sold in Pune for CY’19
CY’23. Highest yearly sale value
ever,
recorded in last 5 years

₹64 lacs.
Average value of a flat sold in Pune

288% for CY’23, which is up by 37% when

compared with ₹45 lacs in CY’19.
Growth has been witnessed in
the ₹1 – ₹2 Cr. segment in
terms of value of housing unit
sales with ₹12,567 Cr. Value
Sold in CY’23 vs CY’19. 250%
Growth has been witnessed in
the ₹70 Lacs – ₹1 Cr. segment
in terms of housing unit sales with
16,501 units sold in CY’23 vs CY’19.

31%
Is the contribution of North-West Pune
with total value sold ₹17,945 Cr. in
CY’23 out of ₹57,412 Cr.
96%
Of growth witnessed in value of units
sold for CY'23 as compared to CY'19.

2
Pune Housing Report | CY'23

Message From The

President’s Desk
I am thrilled to present the Pune Housing Report for
February 2024, highlighting the exceptional growth
and potential of the real estate market in our city.
Over the past 5 years, we have witnessed a
remarkable 45% increase in sales volumes, coupled
with a doubling of sales value from 2019 to 2023.
Pune District has solidified its position as the largest
market for new launches and sales, reflecting the
dynamic nature of our real estate industry.

The recent inauguration of Metro Lines and the

ongoing development of the Ring Road are set to
revolutionize the real estate landscape in Pune,
providing an additional boost to the industry. The
Ranjit Naiknavare collaborative efforts of industry stakeholders,
President government authorities, and the community, are
why I am optimistic about the thriving future of real
estate in Pune.

Message From The

CEO’s Desk
I am excited to release yet another ground breaking
research by CRE Matrix in collaboration with CREDAI Pune.
Pune has done it again!! Pune has sold the highest number
of housing units (90,000 units) across all Indian metros.
Remarkable!
Value of annual housing units sold in Pune has doubled in
4 years from INR 29,000 crores in CY19 to INR 58,000 crores
in CY23. Again a great milestone no other metro city has
achieved!!
Units priced below 45 Lakhs remained the highest
contributors both in unit terms and value terms. However
growth has been declining. Happy to share that units
priced between 70 Lakhs to 2cr have seen breakneck
growth of near FOUR times in 4 years, clearly indicating
that Pune homebuyers are getting richer, buying more
homes, buying bigger homes. In terms of regions, housing
growth is predominantly powered by North West Pune and
Pimpri-Chinchwad regions.
Finally, Pune housing market growth story has just started. I
Abhishek Kiran Gupta foresee Pune shall soon breach the magical 1 Lakh housing
CEO, CRE Matrix & IndexTap unit sales annually. Brace-up guys!!

3
Pune Housing Report | CY'23

Stamp Duty And GST Collections

₹4,500

₹4,000
Stamp Duty and GST Collection (INR Cr.)

₹3,500

₹3,000

₹2,500

₹3,779
₹2,000 ₹2,995

₹1,500

₹2,194
₹1,869

₹1,756
₹1,649

₹1,000
₹1,248

₹1,147
₹850
₹783

₹500

₹0

Stamp Duty GST

• CY' 23 witnessed the highest stamp duty collection in this period, reaching ₹3,779 Cr. , indicating a notable surge in real
estate transactions and property values during that year.

• The stamp duty collections from new sales in CY'23 increased by 102% compared to CY’19.

• GST collection from new sales in Pune has surged by 180% in CY'23 compared to CY’19.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 4
 Pune Housing Report | CY'23

Migration Influx Ratio

(Ratio of New Home Sale to Population)

8.00

7.00

6.00

5.00
RATIO ‘000

4.00
6.78

3.00
4.56

3.88

2.00 2.71

2.06
1.00

1.46
-

Unit Sales Volume in Top Indian Cities for CY 23

Pune Hyderabad Bengaluru Chennai Mumbai Delhi- NCR

89,347 61,715 63,980 21,630 44,005 65,625

Note-
Mumbai exclude Thane and Navi Mumbai region

• Pune emerges as the frontrunner among the listed cities, boasting an impressive sales volume of 89,347 units, and is
recognized as the fastest-growing market in India.

• The impressive ratio in Pune suggests a potential for sustained growth in the real estate sector. Investors and
developers may find Pune to be an attractive market for future projects and investments.

• Pune's supremacy, both in terms of sales volume and migration influx ratio, making it the standout performer among
top cities in India.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 5
 Pune
Units Sold and Total Value

₹64 lacs.
90,000

₹57,412 Cr. ₹60,000

80,000
Avg. Value of Unit Sold
CY’23 which has grown by
70,000 ₹48,304 Cr.
₹50,000
36% from CY’19

60,000

₹40,000
₹36,061…
50,000
89,347

₹45-₹70
80,064

₹29,259 Cr. ₹29,160 Cr.

₹30,000
40,000
66,745

lacs.
61,759

57,267

30,000
₹20,000
Highest Performing Budget
Segment By Housing Value
20,000
sold in CY'23
₹10,000
10,000

- ₹0

Y axis - # of Units

# of Units Sold

Total Value of Units Sold

• Pune has witnessed an • The Pune real estate market • Overall, Pune has clocked a
increase of 96% in value of has experienced a substantial 45% increase in sale of units for
units sold for CY'23 as Compound Annual Growth Rate CY'23 over CY'19.
compared to CY'19. (CAGR) of 18% in the total value
of unit sales from CY'19 to CY’23.

6
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
2,504 2,773 3,615 6,477 9,731
90% 4,708 5,399 6,875
12,677
80%
16,501
18,144
70% 17,016
20,757
60% 24,001
24,248
50%

40%

30% 35,899 31,492 34,614

35,630
20% 37,221

10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%
₹1,603 Cr. ₹1,797 Cr. ₹2,747 Cr. ₹3,919 Cr. ₹4,774 Cr.
90% ₹3,240 Cr. ₹3,552 Cr.
₹4,745 Cr.
₹8,404 Cr.
80% ₹12,567 Cr.
₹3,853 Cr.
₹4,364 Cr.
70% ₹5,605 Cr.
₹10,272 Cr.
60%
₹13,477 Cr.
₹10,098 Cr.
50% ₹9,607 Cr.
₹11,802 Cr.
40% ₹13,866 Cr.
₹14,212 Cr.
30%

20%
₹10,465 Cr. ₹9,840 Cr. ₹11,163 Cr.
₹11,843 Cr.
10% ₹12,382 Cr.

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• The contribution of the value of • The budget segment of 70 lacs to 1 • Within the budget segment of ₹ 2
units priced above ₹45 lacs has Cr. experienced a notable 250% Cr and above, Pune saw a notable
scaled up by 140% from CY'19 to growth in unit sales value from CY’19 increase of 227% in the number of
CY'23. to CY’23. units sold for CY'23 over CY'19.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 7
 Pune - Central
Micro-Market Mapping
Units Sold and Total Value Agarkar Nagar
Ashok Nagar
Bhawani Peth
1,400 ₹1,400
Budhwar Peth
₹1,248 Cr.
Camp
1,200 ₹1,200 Deccan Gymkhana
Ganj Peth
Ghorpadi
1,000 ₹886 Cr. ₹1,000 Guru Nanak Nagar
Guruwar Peth
₹778 Cr. Kasba Peth
800 ₹800 Kashewadi
Katad Khana
₹550 Cr.
Koregaon Park
1,182
₹519 Cr.
600 ₹600 Mangalwar Peth
Municipal Colony
New Nana Peth
814
778

400 ₹400
Rasta Peth
550

Raviwar Peth
480

200 ₹200
Sadar Bazaar
Sadashiv Peth
Sangamvadi
- ₹0 Saras Baug
Shaniwar Peth
Shivajinagar
Shukrawar Peth
Y axis - # of Units # of Units Sold Total Value of Units Sold Somwar Peth
Swargate
Wadarvadi

₹106lacs.
Avg. Value of Unit Sold
Above ₹2 Cr.
Highest Performing Budget
CY’23 Segment By Housing Value
sold in CY’23

• Pune - Central has witnessed • The Pune – Central has • Overall, Pune - Central has
an increase of 140% in value of experienced a substantial clocked a 146% increase in sale
units sold for CY'23 as Compound Annual Growth of units for CY'23 over CY'19.
compared to CY'19. Rate (CAGR) of 25% in the
total value of unit sales from
CY'19 to CY’23.

8
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
60 77 105 160
90% 135

80% 64
80 105
127 255
70%
80 115
60% 123 98
167
50% 80 121
123
141
40%
105
30%

20% 233 332 331 459

128
10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%

90%

80%
₹233 Cr. ₹263 Cr. ₹374 Cr. ₹555 Cr.
₹461 Cr.
70%

60%

50%
₹90 Cr.
₹110 Cr. ₹150 Cr. ₹353 Cr.
40%
₹183 Cr.
30% ₹97 Cr.
₹65 Cr. ₹94 Cr.
₹80 Cr. ₹129 Cr.
20%
₹46 Cr. ₹71 Cr.
₹62 Cr. ₹75 Cr. ₹82 Cr.
10%
₹66 Cr. ₹89 Cr. ₹88 Cr. ₹128 Cr.
₹37 Cr.
0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• A whooping 235% increase of • Within the budget segment of ₹ 2 Cr • The contribution of the value of units
housing units sale is witnessed and above, Pune - Central saw a priced above ₹45 lacs has scaled up
for ticket size above ₹1 Cr for notable increase of 167% in the by 132% from CY'19 to CY'23.
period CY'23 over CY'19. number of units sold for CY'23 over
CY'19.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 9
 North – East Pune
Micro-Market Mapping
Units Sold and Total Value
Chandan Nagar
18,000 ₹12,000
₹10,881 Cr.
Dhanori
₹10,671 Cr.
16,000 Hadapsar
₹10,000
14,000
Kalyani Nagar

₹7,578 Cr. Kharadi

12,000 ₹8,000
Lohegaon
₹6,407 Cr.
10,000 ₹6,098 Cr. Manjri Bk
₹6,000
15,974

Mundhwa
14,785

8,000
12,468

Sanjay Park
10,715

6,000 ₹4,000
10,481

Viman Nagar
4,000
Wadgaon Sheri
₹2,000
2,000 Wagholi

Yerawada
- ₹0

Y axis - # of Units # of Units Sold Total Value of Units Sold

₹72 lacs. ₹1-₹2Cr.

Avg. Value of Unit Sold Highest Performing Budget
CY'23 which has grown Segment By Housing Value
by 24% from CY’19 sold in CY’23

• North – East Pune has witnessed • The Pune – North East has • Overall, North- East Pune has
an increase of 73% in value of experienced a substantial clocked a 40% increase in sale of
units sold for CY'23 as compared Compound Annual Growth Rate units for CY'23 over CY'19.
to CY'19. (CAGR) of 15% in the total value of
unit sales from CY'19 to CY’23.

10
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
724 647 732 1,511
90% 2,115
1,060 1,390 1,592
80%
3,623
3,401
70%
3,951 3,776
60% 4,761

50% 5,010
4,496
40%

30%

20% 4,597 4,692 5,111

5,495
4,505
10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%
₹541 Cr. ₹700 Cr. ₹883 Cr. ₹1,274 Cr. ₹911 Cr.
90%
₹917 Cr. ₹825 Cr. ₹923 Cr.
80% ₹1,901 Cr. ₹2,790 Cr.

70% ₹873 Cr. ₹1,126 Cr. ₹1,296 Cr.

60%
₹2,930 Cr.
₹2,786 Cr.
50%
₹2,248 Cr. ₹2,150 Cr.
40% ₹2,742 Cr.

30% ₹2,925 Cr.

₹2,632 Cr.
20%
₹1,519 Cr. ₹1,606 Cr. ₹1,734 Cr.
10% ₹1,850 Cr. ₹1,553 Cr.
0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• A whooping 173% increase of • The budget segment of 70 lacs to 1 • The contribution of the value
housing units sale is Cr. experienced a notable 212% of units priced above ₹45 lacs
witnessed for ticket size above growth in unit sales value from CY’19 has scaled up by 96% from
₹1 Cr for period CY'23 over to CY’23. CY'19 to CY'23.
CY'19.
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 11
 North – West Pune
Micro-Market Mapping
Units Sold and Total Value
Aundh
25,000 ₹20,000 Balewadi
₹17,945 Cr.
₹18,000
Baner
Bopodi
20,000 ₹16,000
Ganeshkhind
₹14,067 Cr.
₹14,000 Hinjewadi
Kasarsai
15,000 ₹12,000
₹10,311 Cr. 23,053 Khadki
₹10,000 Mahalunge
19,938

₹7,916 Cr. ₹7,812 Cr. Pashan

10,000 ₹8,000
16,424

Range Hills
14,194

₹6,000
12,818

Sus

5,000 ₹4,000 Tathawade

Wakad
₹2,000

- ₹0

Y axis - # of Units # of Units Sold Total Value of Units Sold

₹78 lacs. ₹1-₹2Cr.

Avg. Value of Unit Sold Highest Performing Budget
CY'23 which has grown Segment By Housing Value
by 40% from CY’19 sold in CY’23

• North – West Pune has • The Pune – North West has • Overall, North – West Pune
witnessed an increase of 127% experienced a substantial has clocked a 62% increase in
in value of units sold for CY'23 Compound Annual Growth sale of units for CY'23 over
as compared to CY'19. Rate (CAGR) of 23% in the CY'19.
total value of unit sales from
CY'19 to CY’23.

12
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
665 885 1,055
2,110
90% 1,481 3,430
1,785 2,580
80%
4,319
70%
6,679

60% 6,381
5,995 7,637
50%
8,597
40%
8,486
30%

20% 5,545
4,022 4,951
10% 4,531
3,876

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%
₹373 Cr. ₹393 Cr. ₹613 Cr. ₹1,054 Cr. ₹1,573 Cr.
90% ₹827 Cr.
₹1,119 Cr. ₹1,393 Cr.
₹2,739 Cr.
80% ₹4,385 Cr.
₹1,210 Cr.
70% ₹1,424 Cr. ₹2,107 Cr.

60% ₹3,549 Cr.

50% ₹5,488 Cr.

₹3,523 Cr.
40% ₹3,434 Cr. ₹4,372 Cr.

30% ₹5,039 Cr.

20% ₹5,109 Cr.

₹1,984 Cr.
10% ₹1,442 Cr. ₹1,827 Cr.
₹1,686 Cr.
₹1,390 Cr.
0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• A whooping 410% increase of • The budget segment of 70 lacs to 1 • Within the budget segment of ₹ 2
housing units sale is witnessed for Cr. experienced a notable 351% Cr and above, North – West Pune
ticket size above ₹1 Cr for period growth in unit sales value from CY’19 saw a notable increase of 377% in
CY'23 over CY'19. to CY’23. the number of units sold for CY'23
over CY'19.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 13
 South – East Pune
Micro-Market Mapping
Units Sold and Total Value
Autadwadi Handewadi

10,000 ₹6,000 Bhilarewadi

Bibwewadi
9,000
₹5,043 Cr.
Fursungi
₹5,000
8,000 Gultekdi
Hadapsar
7,000 ₹3,909 Cr.
₹3,785 Cr. ₹4,000 Katraj
6,000
₹3,205 Cr. Kondhwa
₹3,053 Cr.
5,000
8,610
₹3,000 Kondhwa Budruk
Mangadewadi
7,363

7,461

4,000
6,991
6,675

Mohammed Wadi
₹2,000
3,000 Undri
Wadki
2,000
₹1,000 Wanowrie
1,000
Wanwadi

- ₹0 Yewalewadi

Y axis - # of Units # of Units Sold Total Value of Units Sold

₹59 lacs. <₹45 lacs.

Avg. Value of Unit Sold Highest Performing Budget
CY'23 which has grown Segment By Housing Value
by 35% from CY’19 sold in CY’23

• South – East Pune has • The Pune – South East has • Overall, South – East Pune
witnessed an increase of 57% experienced a substantial has clocked a 17% increase in
in value of units sold for CY'23 Compound Annual Growth sale of units for CY'23 over
as compared to CY'19. Rate (CAGR) of 12% in the CY'19.
total value of unit sales from
CY'19 to CY’23.

14
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
257 279 405
435 600 706
90% 496
570
653 961
80% 1,550
1,500
1,746
70% 1,492
2,080
60%

50%

40%
5,059 4,338
30% 4,613 4,080
4,650
20%

10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%
₹152 Cr. ₹154 Cr.
₹360 Cr. ₹461 Cr. ₹591 Cr.
90% ₹347 Cr. ₹338 Cr.
₹528 Cr.
80% ₹356 Cr. ₹758 Cr. ₹903 Cr.
₹406 Cr.
70% ₹476 Cr.

₹529 Cr. ₹782 Cr.

60% ₹836 Cr.
₹819 Cr.
50% ₹963 Cr.
₹823 Cr. ₹1,181 Cr.
40%

30%
₹1,513 Cr. ₹1,336 Cr.
20% ₹1,459 Cr.
₹1,337 Cr. ₹1,585 Cr.
10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• Within the budget segment of ₹ • The budget segment of 70 lacs to 1 • A whooping 188% increase of
2 Cr and above, South – East Cr. experienced a notable 121% housing units sale is witnessed
Pune saw a notable increase of growth in unit sales value from CY’19 for ticket size above ₹1 Cr for
244% in the number of units sold to CY’23. period CY'23 over CY'19.
for CY'23 over CY'19.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 15
 South – West Pune
Micro-Market Mapping
Units Sold and Total Value
Ambegaon Budruk
10,000 ₹7,000 Anand Nagar
₹6,242 Cr. Bavdhan
9,000
₹5,711 Cr. ₹6,000 Dattawadi
8,000 Dhankawadi
₹5,221 Cr.

₹5,000
Dhayari
7,000
Erandwane
6,000 Karve Nagar
₹3,757 Cr. ₹4,000
₹3,506 Cr.
Khadakwasla
5,000
8,613

8,344

Kothrud
8,074
7,973

₹3,000
4,000 Lavale
6,365

Nanded
3,000
₹2,000
Parvati Paytha
2,000
Sasewadi
₹1,000
1,000
Vadgaon Budruk
Warje - Shivane
- ₹0

Y axis - # of Units # of Units Sold Total Value of Units Sold

₹77 lacs. ₹1-₹2Cr.

Avg. Value of Unit Sold Highest Performing Budget
CY'23 which has grown Segment By Housing Value
by 64% from CY’19 sold in CY’23

• South-West Pune has • The Pune – South West has • Overall, South-West Pune has
witnessed an increase of 66% experienced a substantial increased at 1% in sale of
in value of units sold for CY'23 Compound Annual Growth units for CY'23 over CY’19.
as compared to CY'19. Rate (CAGR) of 14% in the which says that average unit
total value of unit sales from value has increase
CY'19 to CY’23. tremendously.

16
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
501 553 943
90% 1,191
776
809 1,763
80% 1,067
1,350
70% 2,087
1,357
1,769
60% 2,637
2,440
50%
1,470

40%

30% 4,540
3,172
3,839
20% 3,154 3,152

10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%
₹189 Cr. ₹154 Cr. ₹359 Cr. ₹534 Cr.
₹923 Cr.
90%
₹673 Cr. ₹744 Cr.
80% ₹1,264 Cr.
₹1,627 Cr.
70% ₹640 Cr.
₹653 Cr. ₹2,334 Cr.
60% ₹863 Cr.

₹1,092 Cr.
50%
₹1,167 Cr.
40% ₹978 Cr.
₹1,483 Cr. ₹1,103 Cr.

30% ₹1,404 Cr.

₹848 Cr.
20%
₹1,088 Cr. ₹977 Cr.
10% ₹1,252 Cr.
₹1,054 Cr. ₹1,034 Cr.

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• A whooping 268% increase of • The contribution of the value of units • Within the budget segment of ₹ 2 Cr
housing units sale is witnessed priced above ₹45 lacs has scaled up and above, South-West Pune saw a
for ticket size above ₹1 Cr for by 95% from CY'19 to CY'23. notable increase of 381% in the
period CY'23 over CY’19. number of units sold for CY'23 over
CY'19.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 17
 Pune - Pimpri-Chinchwad
Micro-Market Mapping
Units Sold and Total Value Akurdi
Alandi
Bhosari
40,000 ₹18,000
Bopkhel
₹16,263 Cr. Chakan
₹16,000 Chandkhed
35,000
Charholi Budruk
Chikhali
₹14,000 Chimbali
30,000 ₹12,810 Cr.
Chinchwad Gaon
Dapodi
₹12,000
25,000
Dehu
Dighi
₹10,000 Kasarwadi
20,000 ₹8,332 Cr. Kurali
₹7,733 Cr.
33,643

₹7,655 Cr. Mahalunge Ingale

₹8,000
Moshi
27,905

15,000 Nigdi
₹6,000 Pimple Gurav
20,864
21,071

Pimple Nilakh
19,931

10,000 Pimple Saudagar

₹4,000 Pimpri Colony
Punawale
5,000 Rahatani
₹2,000
Ravet
Shinde
- ₹0 Talegaon Dabhade
Thergaon
Wadarvadi

₹48 lacs. <₹45 lacs.

Avg. Value of Unit Sold Highest Performing Budget
CY'23 which has grown Segment By Housing Value
by 33% from CY’19 sold in CY’23

• Pune – Pimpri Chinchwad has • The Pune –Pimpri Chinchwad has • Overall, Pune – Pimpri
witnessed an increase of 111% in experienced a substantial Chinchwad has clocked a 59%
value of units sold for CY'23 as Compound Annual Growth Rate increase in sale of units for
compared to CY'19. (CAGR) of 21% in the total value of CY'23 over CY'19.
unit sales from CY'19 to CY’23.

18
CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research
Pune Housing Report | CY'23

Total units Sold by Budget

100%
802 938 1,462
821 950
90% 2,634
3,936
3,975 3,814 3,817
80%
6,317
7,575
70%

60%

50%

40%
15,959 14,922 15,670
30% 17,963 20,579

20%

10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

Total Value Sold by Budget

100%
₹386 Cr. ₹416 Cr. ₹487 Cr. ₹1,196 Cr. ₹1,803 Cr.
90% ₹652 Cr. ₹676 Cr. ₹769 Cr.
80% ₹2,091 Cr.
₹3,188 Cr.
70% ₹2,209 Cr. ₹2,135 Cr. ₹2,150 Cr.

60% ₹3,589 Cr.

₹4,360 Cr.
50%

40%

30% ₹4,373 Cr. ₹4,766 Cr.

₹4,293 Cr.
₹5,799 Cr.
20% ₹6,692 Cr.

10%

0%
CY 2019 CY 2020 CY 2021 CY 2022 CY 2023

Below ₹ 45 Lacs ₹ 45 Lacs- ₹ 70 Lacs ₹ 70 lacs - ₹ 1 Cr ₹ 1 Cr- ₹ 2 Cr Above ₹ 2 Cr

• A whooping 364% increase of • The budget segment of 70 lacs to 1 • The contribution of the value of units
housing units sale is witnessed for Cr. experienced a notable 391% priced above ₹45 lacs has scaled up
ticket size above ₹1 Cr for period growth in unit sales value from CY’19 by 184% from CY'19 to CY'23.
CY'23 over CY'19. to CY’23.

CREDAI Pune Metro | CRE Matrix | Source : MahaRERA, IGR Maharashtra and CRE Matrix Research 19
Authors

Vishal Patekar
Senior Analyst, Residential
Vishal.patekar@crematrix.com

Shahid Tanwar Market Research Grade-A India

Team Manager, Residential Committee Warehousing
Shahid.tanwar@crematrix.com
Report - Jan'24
Members: January 2024
Rahul Ajmera,
Pranav Bhalla Ishan Magar
Head – Research & Consulting
pranav@crematrix.com
Convener:
Punit Oswal
Saurav Loharuka
Co-founder Vice President:
sauravloharuka@crematrix.com Manish Jain MMR Housing Report
August 2023

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