Housing Demands To Rise in East Pune in 2022

Housing Demands To Rise in East Pune in 2022

Beginning in January 2022, homebuyer sentiment improved significantly. The market saw an addition of 800-1,200 new inventories in the 40-80 lakh budget bracket by the end of the quarter in March 2022.

According to a survey produced by 99acres.com, popular micro-markets in the eastern and western belts, such as Tane, Wakad, Bopodi, Kharadi, and Kalewadi, saw a substantial jump in house demand in the previous quarter.

Developers in the city continued to provide incentives including a 100 percent refund guarantee, which helped boost new house sales. In addition, the announcement of a 1% increase in stamp duty across Maharashtra beginning April 1, 2022, aided in the completion of pending property acquisitions during the quarter.

Compared to October-December 2021, the new supply of housing units increased by at least 50%.

From January to March 2022, the Maharashtra Real Estate Regulatory Authority (MahaRERA) registered around 140 projects in the city. Around 105 of these were fresh launches, with the rest being under-construction housing societies.


Under Construction Projects


“Residential marketplaces across the top eight cities combined contributed to a four-year high in sales volume in January-March 2022,” said Maneesh Upadhyaya, a chief business officer of 99acres.com, who gathered the report. Despite the first lockout in January 2022 owing to a mounting virus load, homebuyers were seen visiting sites and closing transactions in new homes and resale marketplaces. Nonetheless, rising raw material costs as a result of the Ukraine-Russia conflict scared the construction industry. In the absence of government intervention, developer bodies in Maharashtra and Delhi have vowed to cease building.”

From January-March 2022, the residential market in Pune had a strong mix of demand for both new and resale properties, thanks to developers’ flexible payment options and low GST on ready homes. Mid-segment projects with budgets of 60-80 lakhs were the most popular, especially in the east and west Pune.

The most popular locations were Wakad, Bopodi, Kharadi, and Kalewadi, with 2 BHK ready homes gaining the most interest. In the northern suburbs, such as Dhanori, Aundh, and Vidyanagar, one-bedroom flats were also in high demand. The typical ticket size for such properties is between 30 and 40 lakh rupees.

Buyers wish for larger homes maintained neighborhoods like Viman Nagar and Pandhari Nagar in high demand.

The majority of new launches in Pune were areas such as Wagholi, Ravet, Talegaon Dabhade, Wakad, and Vadgaon Budruk, among others in a 40-80 lakh budget. The majority of these projects are expected to be completed between 2024 and 2026.

Invest in this upward trend. Invest in Zen Elite, Zen Realty India’s finest residential property developers.


Zen Elite


Zen Elite is crafted from the foundations of tranquillity to reverberate with eternal peace. Return to your quiet cocoon, where the delight is complemented and chaos is transformed into calm with each visit.

Zen Elite, which is located in Pune’s north-eastern belt, is preparing to be recognized as a peace insignia in Kharadi. EON IT Park is around 650 meters away from the Zen Elite residential building. Zen Elite is located close to the Mula Mutha river, providing you with a beautiful view.

The location is also close to other Pune hotspots like Koregaon Park, Kalyani Nagar, and Viman Nagar. In only a few minutes, you may enjoy exquisite cuisine, visit clubs, lounges, shopping centers, and malls.

Kharadi is surrounded by everything a healthy existence needs, whether it’s educational institutions, healthcare facilities, or other services. If your life has inspired you to search for 2 BHK in Kharadi, 3 BHK in Kharadi, or new residential projects in Kharadi, here’s something exceptional that will put an end to your search.