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In terms of ticket size, the INR category 4 million marked 58% of the total amount introduced in the previous year. The property and Services Tax levy for affordable housing is not high. The section has encouraged developers to plan for future projects as these ticket sizes have been the fastest-selling speed in recent times. The ticket size category approximately INR 3 million accounts for 7% of the total launch and the rest is distributed across INR 10 million and more than INR 10 million. Interestingly, the high-end product categories of INR 12 million saw a new introduction as increasing demand encouraged realtors from focusing on this category.
The South Zone accounts for 28% of the lion's share of total launch at the previous year. Southern areas such as have seen the launch of a new project in the central phase.
Leading national and regional realtors have introduced several flat projects in these areas to benefit the needs of future end-users after improved communication and visual infrastructure development. The planned 5 km extension from Hinjewadi to the four-lane Phase 2 road linking Ram Nagar and other areas, will enhance commute to work between Pune and beyond. It will also reduce traffic congestion near the key landmarks.
Pune also witnessed a number of developer queries due to the presence of many Grade A developer projects under construction in this small market. Hinjewadi, which used to authorize more than a third of the city's total implementation of the city's average, recently saw an increase in the supply of new accommodation. This is mainly due to the overcrowding of living quarters in this collection. In the previous year, this region had a 12% share in the new launch with the main city remaining the small market for central project launch. The new launch function in the Pune city is strengthened due to better consumer sentiment in some areas which has increased its share in the new launch to just 9% over the course of more than a year.
Following a sharp increase in auctions in the previous year, Pune's residential market has risen again with a 19% increase in the corresponding year in the number of units sold in the last year. With the exception of a small 5% increase in sales in the last two years, the previous year was good in the Pune residential market with an increase in consecutive sales in each quarter. The positive perception of end-users placed in the marketplace many policy changes from fundraising eventually increased after the GST collection went up to 5% in affordable housing projects under construction. This announcement changed the buyer’s view and initiated the sale of units nearing completion. Invest today at Puravankara Kenvista Pune.