MARKETBEAT

PUNE RESIDENTIAL REPORT

A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION 2Q 2010

Overview
Pune witnessed moderate volumes for rental and purchase RENTALS AS OF 2Q 2010
activities, leading to stable price points across all micro markets. Location Average % Change from Short
The city’s high end market witnessed the soft launch of select Achievable Rent (Local Currency) Term
INR/mth 3 mth 1 yr Outlook
projects from developers seeking to test the market’s appetite. ago ago
The poor response, however, led to an extension of projected
timelines, while the focus remained on mid segment and High Segment
affordable projects. North-East 120,000-200,000 0% 3%

Aundh 50,000-160,000 0% 0%

Rental Values Kalyani Nagar 130,000-210,000 0% 10%

Rental values witnessed stability over the previous quarter in 2Q Wanowrie 18,000-25,000 0% 5%

2010. This was largely because of significant new supply entering Mid Segment
both high and mid end segments of Pune. Demand being spread North-East 25,000-37,000 0% 17%

out across the city, and across segments, it was difficult to Aundh 14,000-25,000 0% 5%

identify any clear rental trends during the quarter under review. Baner 14,000-21,000 0% 3%

Wakad 10,000-16,000 0% 4%

Capital Values Kalyani Nagar 18,000-28,000 0% 7%

Wanowrie 12,000-17,000 0% 4%

Capital values across all micro markets remained stable in the
second quarter; primarily due to the appreciation witnessed
during 1Q 2010, which sustained itself. Additionally, significant
launches in the suburban and peripheral micro markets led to CAPITAL VALUES AS OF 2Q 2010
stabilization of values as investors and end users had multiple Location Achievable Price % Change from Short
options to consider. Projects priced in the INR 3-6 million INR/sq.ft. (Local Currency) Term
3 mth 1 yr Outlook
bracket witnessed the highest enquiries from end users; and is ago ago
expected to see sound absorption in the short to medium term.
High Segment
Outlook North-East 6,750-10,500 0% 15%

High end segments are expected to witness stagnation in the Aundh 5,500-6,750 0% 5%

short term, as the supply of under construction properties Kalyani Nagar 7,000-11,000 0% 16%

remains higher than the current demand. The mid segment is Wanowrie 3,200-3,800 0% 24%

expected to witness increase in volumes during the next quarter
due to its continued price attractiveness. The significant existing Mid Segment
supply options as well as the anticipated launches in the next North-East 4,500-5,500 0% 18%

quarter are together expected to ensure a stable capital value Aundh 3,600-4,500 0% 20%

trend in the mid and high end segments of the city. Baner 3,000-4,000 0% 18% 
Wakad 2,400-3,000 0% 29% 
Kalyani Nagar 4,500-5,500 0% 14%

Pune’s suburban micro markets of Baner and Wakad are Wanowrie 3,000-3,200 0% 19%

expected to witness higher investor interest in the coming
months, primarily due to the upcoming and existing commercial
supply as well as the improving physical and social infrastructure
of the region.
Note:
Values are average prices for the respective areas
KEY TRANSACTIONS The above values for high range typically include units of 1,650-3,000 sq.ft.
The above values for mid range typically include units of 1,200-1,400 sq.ft.
Property Location Type Area (sq. ft) Value (INR)
Key to Locations:
Park Street Wakkad Sale 2,400 sq.ft. 14,300,000 North-East: Koregaon Park, Bund Garden Road, Kharadi, etc.
Titanium
Satellite Tower Kalyani Nagar Lease 3,500 sq.ft. 120,000 pm Legend
Waterfront Kalyani Nagar Lease 3,200 sq.ft. 240,000 pm Market Rising  Market Stable
Market Falling 

For further information, please This report contains information available to the public and has been relied upon by Cushman & Wakefield on the basis that it is
contact accurate and complete. Cushman & Wakefield accepts no responsibility if this should prove not to be the case. No warranty or
representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is
Unit No. 804, 8th Floor submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special
B-Wing, ICC Trade Towers listing conditions imposed by our principals.
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