Pune, Bangalore lead real estate sector
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Bangalore is seeing greater demand for larger properties at higher prices. A file photo of a real estate project in Bangalore. Photo: Aniruddha Chowdhury/Mint
Projects at affordable prices helped boost sales in Pune, while Bangalore saw a huge demand for high-end properties
Bangalore: Pune and Bangalore have beaten the gloom and doom in the real estate sector with robust launches, clever project formats, quicker approvals and consistent demand from home buyers.
An October report by SBI Capital Securities Ltd indicates Pune and Bangalore saw a slew of launches and sales in two completely different price categories.
Pune saw huge demand for small homes at low prices, primarily on the outskirts, where a chunk of fresh projects are coming up. The city, two hours from Mumbai by road, saw a steady pace of launches of around 3 million sq. ft a month.
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