The Real Estate Picture In Q2 2018 After Demonetisation

The Indian real estate after demonetisation has undergone a significant transformation. While the initial impact caused a slowdown, the sector has since recovered and emerged stronger with greater transparency and compliance, especially in Pune and other major cities.

It is in Q2 2018 that India’s real estate sector has started to pick up again, and the market has witnessed a revival.

Here are some real estate highlights from Q2 2018:

How Real Estate After Demonetisation Has Evolved

• The number of new housing launches has increased by a whopping 50 per cent in Q2 2018, as compared with the first quarter.
• The affordable housing sector has been the largest and most significant contributor in the supply surge in Q2 2018. The supply in this segment alone has increased by a staggering 100 per cent.
• While in Q1 2018, there were only 33,400 new housing units launched across the top 7 cities (NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad), in Q2 2018, this number increased to 50,100 new housing units.
• Among these 7 cities that have contributed to this increased supply of housing units in Q2 2018, Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune account for about 75 per cent of the new supply.
• Mumbai Metropolitan Region (MMR) has witnessed a supply of around 13,600 new units in Q2 2018. This has marked a 58 per cent hike compared with Q1 2018.
• NCR has witnessed an 89 per cent increase in units as compared with Q1 2018, with around 8,500 new units.
• In Pune, the increase has been of a whopping 214 per cent (with approximately 6, 900 new units) as compared with Q1 2018. Here, too, the affordable housing sector has been a major contributor, with 1900 new housing units on the market.

Among these changes, a growth in FDI, REITs and the amendments to laws that safeguard the rights and interests of homebuyers, has made this a good time to invest in real estate in India.

Investment Opportunities in Pune Property Market

Looking for the perfect home in Pune? Kolte-Patil Developers Ltd. presents Three Jewels, (The project Three Jewels has been registered via MahaRERA registration number P52100006160) a premium residential apartment in Katraj, Pune, with 2 BHK flats on sale.

The real estate after demonetisation saw a decisive shift towards organised developers and RERA-compliant projects. Buyers became more discerning, preferring branded developers with a track record of timely delivery and transparent dealings. Pune, with its robust IT sector and growing infrastructure, emerged as one of the biggest beneficiaries of this shift towards quality-driven property purchases.

Kolte-Patil Developers has been at the forefront of this transformation, delivering RERA-registered projects across Pune that meet the highest standards of quality and transparency. From Life Republic in Hinjewadi to Ivy Estate in Wagholi, homebuyers now have access to premium, well-documented properties that offer both lifestyle value and long-term appreciation.

The positive trajectory of real estate after demonetisation continues to attract both end-users and investors. With home loan interest rates remaining competitive and government initiatives supporting affordable housing, the Pune property market presents compelling opportunities for those looking to buy their dream home.

Explore more Kolte-Patil projects in Pune. Verify RERA registration on MahaRERA.

About arfat@netbiz.in

arfat@netbiz.in is a content contributor at Kolte-Patil Developers, one of Pune's leading real estate companies with 30+ years of experience.

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