According to Cushman & Wakefield, Knight Frank & Gera Research Reports:
Demonetisation, Real Estate Regulatory Act and GST combined has had a telling effect on new property launches in the city.
As per a study by Cushman & Wakefield (C&W), real estate services firm, Pune saw a decline of 28% in property launches in the affordable segment (definition of which has changed).
Overall, the city has witnessed a dip of 41% in new launches.(see box)
This the third such report that points to a slowdown in new property launches.
In July , a study by property consultancy firm Knight Frank had shown a year-over-year decline of 9% in new home launches in the first half of 2017 and a sequential fall of 30%.
Later, home developer Gera's research report pointed to a similar trend in its half-yearly survey.
The report had shown that new unit launches fell by 26% in the period between January and June 2017 over the same period the previous year.
The agency - Cushman & Wakefield - also predicted that the scepticism to launch new projects will continue for some more time.
Click here to read more
Related Stories:
1) Flat buyers will now be covered in case builder goes `bankrupt'
2) Some builders in Pune haven't gone out of business yet
Subscribe for Free!
To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog
Feel free to call me:
I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market.
My email id is RaviKarandeekar@RaviKarandeekar.com Feel free to write to me. I reply as soon as i can.
If you want my advice, feel free to call me on 919860044110. First 3 minutes are free! And for more than 3 minutes - pay as you wish - you decide the value of my advice.
Of course, for a serious discussion, better fix an appointment at a time convenient to both of us. So that we can have uninterrupted & in depth discussion on my mobile (919860044110)
- on Video Hangout on Google+
- or on Skype (ravikarandeekar) .
For more than 3 minutes and up to 30 minutes - pay as you wish. After the conversation - transfer the money to my bank account. As much as you wish. From a few hundred to a few hundred thousand crore of U S Dollars or Indian Rupees. Here are my bank account details:
Ravindra Karandeekar,
Bank of Maharashtra.
Savings A/c no- 20047674794.
Branch- Bajirao Road Pune MICR Code 411014010.
IFSC- MAHB0000001


