Pune's residential real estate segment will see stronger demand in 2013 from IT/ITeS and manufacturing sector employees, Mumbai-based investors and NRIs looking to invest in stable market, property consultancy firm Jones Lang LaSalle India has said.
Compared to 2012, the average appreciation in prices of houses is likely to be marginally higher next year. ""Average appreciation in 2013 will be between 12-15% across the city,"" said Sanjay Bajaj, managing director, Pune, Jones Lang LaSalle India. In the current year, the average price rise for houses was 12%. However, the number of new launches declined in 2012. Of the total sales in 2012, Hinjewadi, Kondhwa and Undri accounted for almost 40%.
The mid-budget (Rs 50 lakh to Rs 1 crore) and luxury (Over Rs 1 crore) segments witnessed increased supply this year. ""This trend will continue in 2013,"" he added. The supply of units in the super luxury segment (Rs 4 crore and above) also went up in 2012, primarily in the Eastern corridor which encompasses Boat Club road, Koregaon Park, Kalyaninagar and Vimannagar. ""A growing number of local entrepreneurs are further fuelling the growth of the super luxury segment ,"" said Bajaj.