By laksh5382 
PunePimpri-Chinchwad, along with Pimpri-Chinchwad, witnessed a significant increase in registered home sale prices for the July-September quarter of 2024, according to the Square Yards report.
Based on Inspector General of Registration (IGR) data, the city’s home sales value increased 19 per cent year-on-year (YoY) to reach ₹13,865 crore.
Despite a 1 per cent year-on-year decline in the number of transactions, the average home sale price rose to a record-high of ₹74 lakh, with 18,806 residential deals registered, up 20 per cent from last year. Is.
Kolte Patil Developers emerged as the top performer, leading both in the number of transactions registered and sales value, with their Life Republic project in Hinjewadi leading the way.
Pristine Properties followed suit, driven by strong sales at its O2 World project in Kharadi. Mahindra Lifespaces entered the list of top-10 developers, with their codenamed Crown project making significant gains in both transactions and value.
The share of premium homes priced above ₹1 crore increased to 18 per cent from 13 per cent in the same period last year. Homes in the ₹1-2 crore range claimed the largest share of 15 per cent. Meanwhile, the share of homes priced below ₹50 lakh and between ₹50 lakh-₹1 crore declined from 87 per cent to 82 per cent.
This shift towards higher-priced homes is in line with the growing preference for larger properties, with 11 per cent of transactions involving homes in the 1,000-1,500 sq ft size, up from 8 per cent last year. However, units of 500-1,000 sq.ft. The range still dominates the market, accounting for 62 percent of all registered transactions.
Sachin Vyas, Principal Partner and CSO, Square Yards said, ,Pune has one of the strongest residential areas in India, second only to Mumbai MMR. We are seeing a distinct trend towards high-end properties, with the average home sale price rising 20 per cent year-on-year to an all-time high of ₹74 lakh in the September 2024 quarter, and the western suburbs even surpassing Have gone. Limit of ₹1 crore.”
“Looking ahead, we are very optimistic about the market potential. With the festive season underway and developers offering attractive incentives, we expect buyer interest and demand to increase in the coming months.”