Blogs Real Estate

A wrap-up on 2022 real estate growth in Pune

While many industries were hit due to the extended lockdown following the COVID-19 pandemic, the real estate sector experienced a drop in demand and prices too. This drop was noticeable in cities like Pune with a large migrant population and dependence on small businesses. However, 2022 has been a good year for the sector. With pent-up demand for homes and offices, Pune has witnessed a steady growth in demand this year. Despite the RBI increasing REPO rates regularly and home loan rates rising, people have displayed an eagerness to invest in property in Pune.

Pune Real Estate in 2022

As we head towards the end of the year, we take a look at how the year has been for real estate in Pune. According to a report released by Cushman & Wakefield (Marketbeat), in Q3 2022, the city experienced a surge in demand for properties across all segments.

Residential Market

  • Pune has been witnessing a steady quantum of project launches from developers of national repute and those with a strong execution track record.
  • In Q3, 9,133 residential units were launched highlighting the strong momentum and developer confidence in the residential market
  • A 55% Y-o-Y growth as of September 30, 2022
  • The mid-segment has dominated new project launches contributing to around 80%

Office Space

  • In terms of Gross Leasing Value in the office space segment, Pune witnessed a major increase of around 121% Y-o-Y
  • The most active sectors were Flexible workspace (33%), IT-BPM (27%), and Engineering & Manufacturing (24%)
  • Healthy leasing in Q3 2022 with limited new supply in the market has induced an increase of 1-2% in the overall city rentals
  • Prime sub-markets such as SBD East and SBD West have witnessed rental improvements backed by strong demand

Retail Space

  • Pune’s malls recorded around 140,000 square feet of leasing in the third quarter of 2022, a jump of 43% on a Q-o-Q basis and an eight times increase as compared to the same period last year
  • Around 100,000 square feet leasing was recorded across prominent main streets in the quarter
  • In the absence of new supply, Pune’s mall inventory remained unchanged at 6.6 million square feet
  • Main streets like Baner-Balewadi-Aundh and Koregaon Park witnessed a 1-2% Q-o-Q growth in rents, largely attributable to the limited supply of space in these markets. Rentals in such main streets are expected to remain range bound in the upcoming quarters

Factors that impact real estate prices in Pune

  • Employment opportunities
  • Growing suburbs
  • Manufacturing hub for automobile, engineering, and electronics companies
  • Easy accessibility via an efficient transport system
  • An Assortment Of Projects Across All Categories

In Pune, Sankla Buildcoon has established itself as a reliable name in real estate developments. Sankla’s residential projects include SATYAM NIRANJANI at Hadapsar, SOMMET at Bhugaon, AVANI at Mohammadwadi, SATYAM RAJYOG at Dhanori, and SATYAM PRIMA at Manjri-Solapur. If you are looking for a commercial property, then you can look at SAYAM BUSINESS COURT at Manjari, PS ANGAN at Magarpatta Road, and JAYMALA BUSINESS COURT at Manjari.

Blogs Real Estate

5 NY resolutions that one can fulfill at any of Sankla Buildcoon projects

The New Year is a time of change. This is the time when people create resolutions based on aspects that they want to change in their lives. These changes are usually driven toward living healthier, fuller, and happier lives. The place you live can play an important role in determining your quality of life. In this article, we will talk about the residential projects by Sankla Buildcoon and how living in one of them can help you fulfill certain New Year resolutions.

Here are five New Year resolutions that make it to the list of most people:

  1. Living a healthier life
  2. Spending more time with family and friends
  3. Reading more
  4. Losing weight
  5. Learning a new skill

Here is how you can fulfill these resolutions at any of the Sankla Buildcoon projects.

Living a healthier life

Living in a city results in battling different types of pollution like noise pollution, air pollution, etc. In such an environment, living in a residential locality that allows you to live a healthier life is like an oasis in the desert. So, if your New Year’s resolution includes living a healthier life, then you might want to consider moving to a residential locality that helps healthier living. In Pune, Sankla Buildcoon offers properties that elevate modern living with vibrant communities. It has projects like Sommet at Bhugaon, Pune that set you free from the urban chaos and reconnect with life.

Spending more time with family and friends

In recent years, many people have started understanding the importance of spending time with their loved ones. While there are many restaurants and social outlets to meet friends and family members, if you are living in a complex that offers avenues for socializing and unwinding, then the avenues for spending time with them increase. Most Sankla Buildcoon’s properties have gardens and sit-out areas that can help spend more time with your loved ones.

Reading more

Books are the greatest source of knowledge and inspiration. Many people have started turning to books to learn from some of the greatest minds that lived before them. One of the most important aspects of effective reading is the place where you sit to read. In Sankla Buildcoon’s properties, you have numerous avenues to curl up with a book amidst nature or by your balcony as you deem fit.

Losing weight

This is probably one of the most common New Year resolutions of people around the world. One of the best ways to lose weight is by going on walks or jogging. Most of Sankla Buildcoon’s properties like Satyam Niranjani, Sommet, Avani, Satyam Rajyog, and Satyam Prima have jogging tracks to help residents achieve their weight loss goals. The housing complexes also ensure that the tracks are maintained optimally.

Learning a new skill

Skills can make our lives seem more fulfilling and add an element of excitement. Learning a new skill requires time and patience. Most of Sankla Buildcoon’s properties are well-connected with major commercial areas of Pune. Hence, you can get home quickly and have time to pursue a skill or hobby. Also, peace and serenity with all properties can help you focus and learn the skill you want.

When you create a New Year’s resolution, it is important to give yourself the best shot at fulfilling it. While certain resolutions are internal like changing habits, others require the right environment around your to make them a success. In Pune, you can opt for a range of Sankla Buildcoon’s properties that are designed to help you achieve various life goals and New Year’s resolutions including SATYAM NIRANJANI at Hadapsar, SOMMET at Bhugaon, AVANI at Mohammadwadi, SATYAM RAJYOG at Dhanori, and SATYAM PRIMA at Manjri-Solapur.