Gera Realty Report of Jan 2023 highlights rise of 10.85 per cent in home prices

Mumbai, Jan 10 (UNI) – Gera Realty-Pune | Gera Developments, having footprints in residential and commercial projects in Pune, Goa and Bengaluru, Tuesday released the January 2023 edition of their bi-annual report, titled ‘The Gera Pune Residential Realty Report’ showing overall inventory for sale is healthy at 72,129 homes i.e., 23.21% of the total inventory under development which is at 310,725 homes. (Gera Realty-Pune)

 

Home prices at an average rate of Rs. 5,461 per sq. ft. and salary increases over this period have more than compensated for the increase in interest rates.

 

In a statement issued here about the findings of The Gera Residential Realty Report January 2023 edition and the latest trends in Pune’s residential real estate market, Mr. Rohit Gera, Managing Director, Gera Developments, said.

 

“Regardless of affordability, job insecurity may cause people to put off their decision to make a large purchase like a home. While thus far India seems relatively less affected, and we are being touted as a beacon of hope for the rest of the world, layoffs in the tech sector and a corresponding erosion of sentiment would have an impact on the sales of homes”, he said.

 

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