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High Real Estate Rates In Pune Causing A Slowdown

By Author: vinay kumar
Total Articles: 128

High real estate rates in Pune are having an adverse impact on the sales of property for sale in Pune. Whether it is property in Kharadi or flats in Moshi, people are finding it difficult to buy Pune residential property. High property rates in Pune are forcing people to either stay on rent or to look at other alternate places for investment. Even the sale of Pune properties resale is been affected by high real estate rates in Pune. Even the realty rates of Moshi property and Kharadi flats have also gone up substantially. This trend has discouraged many buyers for entering Pune properties resale market.

Many people were interested to buy Pune residential property like Kharadi flats and Moshi property but now people are waiting for the market to correct. The real estate rates in Pune has risen dramatically forcing people to look at the realty market from sidelines. Property rates in Pune have slowed down the Pune residential property market. Virtually no one is interested to buy property for sale in Pune be it flats in Moshi or property in Kharadi. Migration to the cultural capital of Maharastra has caused the property rates in Pune to skyrocket. Pune residential property is witnessing lack of investors and buyers. The buyers are waiting for property rates in Pune to correct. Even Pune properties resale are unable to witness any movement due to high real estate rates in Pune.

Many builders coming up with new projects are doling out various offers to propel property for sale in Pune but sadly it is not enough to attract buyers. Genuine buyers are looking for lower prices but builders are unwilling to do so – this has resulted in a price deadlock. Builders too are perplexed as their property for sale in Pune is unable to fetch the demanded price. The buyer is waiting for prices to correct this has caused slowing in sales speed of property for sale in Pune.

If corrective steps are not taken soon the real estate of Pune might be adversely affected. There is already a lot of uncertainty in the market due to high real estate rates in Pune and if the same continues the market might see a stagnant phase which might propel people to exercise exit option. Pune was always considered as a stable realty market but now it seems that trends have started affecting the city’s real estate sector also.

Makaan.com is a reputed real estate portal that lists 1 BHK, 2 BHK and 3 BHK property for sale in Pune across variable price brackets.

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