Property prices in Pune remain stable in Aug 2010 - says Makaan.com Property Index
- Monthly Trend: The property prices in Pune remain stable with no change in the last one month. The Index in both Jul 2010 and Aug 2010 stands at 1094.
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Quarter Analysis: Over the last 3 months, the MPI has seen a fall - it has moved from 1217 in May 2010 to 1094 in Aug 2010, a 10.2% decrease.
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Year-on-year movement: As compared to last year, the Pune Property Index in Aug 2010 has seen a rise by 7%. Prices had dropped significantly in the second quarter of 2009 due to the economic slowdown. From thereon, the prices have been rising steadily, with minor highs and lows over the last 3 quarters.
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City Level: Over the last 1 year, i.e. between Aug 2009 to Aug 2010, most cities have seen significant increase in properties prices. Ahmedabad, Kolkata & Delhi have seen very steep price increases – upwards of 27%. Pune, Mumbai & Bangalore have also seen 7% - 14% rise in property prices. Property prices in
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Going Forward: The signals from the Indian Economy are quite positive - Industrial output, Exports and the GDP are rising, and jobs are more secure than before. At the same time interest rates are likely to go up, which may make buyers cautious in their purchase decisions. In the current situation one would expect the realty sector to maintain stability of prices.
Last Updated: Wed Aug 21 2013