Home prices slashed in Pune
According to Gera’s residential Pune realty report, average property prices seem to have fallen by 2.2 per cent in the first six months of the year.
It also points to a trend that lends some logic to the property prices on a market seeing consistent inventory overhang and slowing down of property launches.
“The effects for the headwinds for the real estate sector are finally showing up across various parameters. New project launches are down, prices on an overall market basis are down,” the report stated.