Pune: Housing Demand & Supply in 2014 to 18..!

 By C&W Report

With flourishing IT - ITeS businesses and manufacturing activities, Pune has been witnessing an unprecedented growth in population, primarily due to a large increase in migrant population.

Due to this, the demand for residential housing units has been on a rise and by 2018 end; about 1.91 lakh units will be required in the city.

Pune is likely to witness maximum requirement in the Lower Income Group (LIG) & Middle Income Group (MIG), together accounting for around 82 % of the demand and equally distributed amongst the two categories.

The supply projected until 2018 end is only to the tune of 78,000 units, translating into a significant housing shortfall in the city.

Although majority of the supply (72 %) is planned in the MIG, the demand for these units will remain unfulfilled.



However, there is likely to be a significant demand-supply gap (60 % shortfall) for the LIG, which needs to be addressed by developing relevant housing units.

With large global corporations deputing their top executives in the city, the demand in the High Income Group (HIG) also seems to be on a rise and shortfall in this category also has to be addressed.


 Moreover, there is also a huge requirement by NRIs and buyers/investors from Mumbai looking to purchase an apartment in Pune as their second / retirement home.



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