PUNE | RESIDENTIAL

Market Indicators
Relative to prior period

Market Q3
2014

Market Q4
2014

Market Q1 Market Q2
2015
2015F

CAPITAL RATES
RENTAL RATE
CONSTRUCTION
NEW PROJECTS

The demand from both end user and investors precisely

in the mid range segment kept the overall residential
market positive. Majority of the demand was observe in
projects located in micro markets such as Wagholi,
Kharadi, Undri, Pisoli, Hinjewadi, Baner and Bavdhan.

Capital Values
% CHANGE
MICRO MARKETS

There were number of new launches in the first quarter of

2015 catering both premium and mid segment. Project
launched in the premium segment include Primero by
Supreme Universal at Baner, Piazza by Marvel Group
at Viman Nagar and Panchshil Towers by Panchshil
Realty at Kharadi. These projects were priced in the
range of INR 7,750 9,000 per sq ft. In the mid range
project launched were; Acropolis and Platino by Goel
Ganga Group at Baner and Kharadi respectively, Infinity
by Godrej Properties at Baner, Vantage by Mantri
Realty at Kharadi and Tinsel Town by Kohinoor Group
at Hinjewadi Phase II. These projects were priced in the
range of INR 5,000 6,750 per sq ft.
The city witnessed various project completion this quarter
in locations like Baner, Balewadi, Kondhwa, Hadapsar,
Undri, NIBM, Ambegaon, Wanowrie, Wakad, Pimple
Nilakh, Pimple Saudagar, Pisoli and Katraj.

CAPITAL VALUES
(INR PSF)

QoQ

YoY

The capital values of these newly completed projects in

secondary market was ranging between INR 6,000
7,000 per sq ft for premium projects and INR 3,000
5,000 per sq ft for mid segment projects.

Average Capital Value Trends

Capital values for residential properties across Pune have

seen an average appreciation of 2% QoQ; however, rents
remained stable across all the micro-markets due to
continuous addition of new units.
In private equity funding's this quarter Xander Advisors
India has invested around INR 280 crore in Kumar Urban
Developments residential proposed project at Karve
Road in central Pune. In an another transaction, ASK
Property Investment Advisors had exited from their
investment in two residential projects in Pune namely
Serano by Amit Enterprises at Baner and Skyone by
Paranjape Scheme's at Model Colony.

Source: Colliers International India Research

Average Rental Values

Colliers View
The city residential market will continue to gain
momentum. Micro-markets located in South East, North
West and South West zones of Pune will remain active
in terms of project completion and new launches.
Overall, capital and rental values are expected increase
in medium term. however, select micro-markets located
in Central and North East will see a stable scenario.

Source: Colliers International India Research

National Director
Residential Services
sumit.jain@colliers.com

Director
Residential Services| India
arvind.kapoor@colliers.com

Associate Director
Research Services
surabhi.arora@colliers.com

Manager
Research Services
sachin.sharma@colliers.com

Colliers International (India)

Property Services Pvt. Ltd.
Copyright 2015 Colliers International.
The information contained herein has been obtained from sources deemed
reliable. While every reasonable effort has been made to ensure its accuracy, we
cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are
encouraged to consult their professional advisors prior to acting on any of the
material contained in this report.

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National Director
Valuation & Advisory
Services and Research
amit.oberoi@colliers.com