- Increased affordability, end-user market helped Pune’s residential market remain largely unaffected by demonetisation
- Mumbai came close to 1H16 numbers thanks to good traction in the ‘compact homes’ category
Anuj Puri, Chairman – Anarock Property Consultants
Pune’s residential market seems to seems to have seen very little impact of demonetization if the 1H17 sales figures are anything to go by.
Although the city’s apartment sales had remained steady even in 2H16 when demonetization had affected most other markets, Pune’s sales showed a slight improvement as they rose by 4% (y-o-y) in 1H17.
With this development, Pune’s residential market has become India’s most dependable and established one.