Introduction
Discover a world of possibilities as we invite you to explore the best in real estate. Knight Frank India, according to its latest estimate, recorded a total of 152,323 property registrations in Pune for the period January to December 2023. This represents a 9.6 percent increase over the previous peak year. Our platform is your gateway to an exceptional real estate experience. At [Your Real Estate Website], we understand that every home has a unique story.
Knight Frank India, in its latest forecast, recorded a total of 152,323 property registrations in Pune for the period January to December 2023. It said this represents a 9.6 percent increase over the previous peak year.
The total stamp duty collection for the year 2023 is ₹ 5,352 crore, showing a year-on-year (YoY) growth of 10.5 percent. In December 2023, 14,725 property sales contributed ₹ 560 crore to the state government’s revenue. Registrations increased by 10 percent year-on-year, while stamp duty revenue increased by 12 percent year-on-year.’
The total stamp duty collection for the year 2023 is ₹ 5,352 crore, showing a year-on-year (YoY) growth of 10.5 percent. In December 2023, 14,725 property sales contributed ₹ 560 crore to the state government’s revenue. Registrations increased by 10 percent year-on-year, while stamp duty revenue increased by 12 percent year-on-year.’
Growth in the market in the high-value segment
Interestingly, the high-value segment with properties priced at ₹ 1 crore and above has seen growth in market share. This segment’s share has increased from 9 percent in December 2022 to 12 percent in December 2023.
This indicates that buyers’ preference for properties in this price range is increasing. In December 2023, apartments in the 500 to 800 sq ft range accounted for a significant 40 % share. Apartments under 500 square feet have also attracted considerable attention.
35 percent of transactions were done in December 2023. In particular, there is a significant shift towards larger apartments. Those above 1000 sq ft will increase their market share from 11 percent in December 2022 to 14 per cent in December 2023.
Conclusion
As we conclude your visit to Openplot, we want to express our gratitude for entrusting us with your real estate aspirations. Knight Frank India, according to its latest estimate, recorded a total of 152,323 property registrations in Pune for the period January to December 2023. This represents a 9.6 percent increase over the previous peak year. Welcome to the world where your ideal home is just a click away!
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