Pune Real Estate market offering 20% discounts

Review On Real Estate Developers, Contruction, Pune

While realtors in Pune have been putting up a brave front that they have managed to buck the downturn and hold the price-line in the city, analysts give a completely different picture, where property buyers have not only gone cold on the market but are also vigorously negotiating to beat down the price.

The festive season has brought no cheer and finally the realtors are also coming to terms with the ground reality.

However, the clients are seeking fairly high discounts, informed Deepak Kumar Garodia of a prominent Delhi-based realty research company. “The bookings this festive season are negligible as compared to last year, ” he added.

A property agent who operates in the Wakad market, Srikant Waggu, director Mistgain Properties, elaborated, “The demand this season has been almost nil in the northern and southern parts of the city."

Even the eastern and western parts, which are prime developing localities we are seeing indications of imminent price correction to the tune of 15 per cent.”

Brand Manager? Reply as a Brand