Pune | July 11, 2025 : Gera Developments Private Limited (GDPL),
pioneers in premium residential and commercial real estate in Pune, Goa,
Bengaluru, and California, today released the July 2025 edition of their
bi-annual report, The Gera Pune Residential Realty Report. As Pune’s only
census-based real estate study running for 14 years and covering over 2,300
projects and 3+ lakh under-construction homes, the report presents an
authoritative, data-driven view of market dynamics for the 12 months ended June
2025.
This year’s report marks a notable transition in Pune’s residential
real estate landscape. After seven years of consistent growth in prices, sales,
and supply, the market is experiencing a consolidation phase driven by ‘sticker
shock’, the cumulative effect of rising prices and increasing home sizes.
While prices rose at a moderate 7.31% year-on-year, this still added
significantly to total ticket sizes. Over the past five years, prices have
climbed by 40% and average home sizes by 25%, resulting in an overall 76%
increase in the average sticker price. Consequently, buyers in the Budget and
Upper-mid segments are facing affordability challenges, while affluent buyers
are gravitating towards larger, more comfortable homes.
Speaking about the market shifts, Mr Rohit Gera, Managing
Director, Gera Developments Private Limited, said, “We are
witnessing the market respond to a steep escalation in total ticket size, what
we’re calling Sticker Shock. Even though interest rates have come down over the
last 6 months, affordability remains a concern as the total outgo for buyers
has increased by 76% over five years. The steep increase in sticker price has
led to sticker shock and has caused people to slow down their purchase decision
resulting in the demand softening. Developers are responding cautiously by
slowing new launches and recalibrating configurations. I expect smaller home
sizes to return to the market, making homes more affordable not through pricing
corrections but by offering compact yet efficient layouts. For buyers, this is
a critical time – choosing projects by developers with strong financial
stability is more important than ever.”
Market Trends and Analysis:
- Replacement
Ratio: The replacement ratio of 1.08 indicates a mildly
oversupplied market. In a cyclical market like real estate mild oversupply
eventually corrects itself restoring the market equilibrium.
- New project
prices: Prices of new projects launched are down by 4.73% over
the last year while the overall market is still on an uptrend.
- East Pune prices
rise: East Pune recorded the highest price appreciation across the
city marking a 9.6% growth followed by West Pune which saw a 6.8%
appreciation.
- Project Landscape:
Pune now has 2,605 residential projects under development, up 6.7% over
June 2024. However, the market is consolidating, small projects (<100
units) fell 39% since 2018, while large projects (>500 units) surged by
70%.
- Metro Influence:
Areas such as Hinjewadi, connected by the new Metro corridors, have seen
stable pricing and increased traction from affordability-focused buyers.
Looking Ahead:
Pune’s real estate market is entering a phase of strategic
recalibration. While supportive economic signals such as the RBI’s recent 50
basis point rate cut suggest a favourable policy environment, market recovery
has yet to gain real momentum. At the same time, transformative infrastructure
projects like the Ring Road and Metro expansion are set to redefine growth
corridors over the next decade. To stay resilient, developers must focus on
rightsized products, calibrated launches, and sharper value propositions
tailored to specific segments. As the market evolves to serve a changing
demographic, understanding these shifts will be critical for stakeholders
navigating this new landscape.
About Gera Developments Private Limited:
Gera Developments Private Limited, a reputed brand for over 50 years,
is one of the pioneers of the Real Estate business in Pune. Recognised as the
creators of premium residential and commercial projects in Pune, Goa and
Bengaluru, the brand has established a global presence through developments in
California, USA. Gera prides itself on providing long-term enjoyment to
customers, by having a distinct customer-first approach. The philosophy at Gera
of “Let’s Outdo” rests on the trinity of Innovation, Transparency, and Enhanced
Customer Experience. It is at the heart of Gera’s effort to infuse innovation
and transparency in Real Estate and home building, with an unwavering focus on
meeting the shifting lifestyle dynamics of their customers, while upholding the
premium living experience. Accordingly, there are many ‘firsts’ that stand to
Gera’s credit.
The company introduced a 5-Year Warranty on Real Estate, consisting of
Preventive Maintenance & Repairs and provision of insurance on buildings
way back in 2004 for the first time in India. RERA mandated the same only in
2017. Gera also introduced India’s first and only 7-year warranty in Real Estate.
They have designed and launched a pathbreaking concept, the award-winning
ChildCentric® Homes, which revolutionised the Real Estate sector for both, the
developer and the home buyer. Other revolutionary and highly successful product
lines have been IntelliplexesTM, SkyVillasTM, and The
Imperium series. In their 50th year, the company launched yet another
first-of-its-kind industry initiative—Gera’s Home Equity Power—by providing
financial flexibility to customers to withdraw funds from their prior payments
to meet financial emergencies.
These products are matched by the services of the GeraWorld® Mobile
App, which brings speed, convenience, and transparency to the buyer, enhancing
customer experience. Gera Developments has also launched the Club Outdo initiative,
a tech-driven loyalty and referral program that provides multiple benefits,
offers, and community engagement opportunities to existing and new customers.
The company emphasises delivering value-added experiences to customers,
with projects designed around the evolving needs of their customers. Driven by
trust, quality, a customer-first mindset, and innovation, the brand has won
several national and international awards on both, the product and service
fronts.
Gera continues to be ranked amongst the Top 50 Great Mid-Size
WorkplacesTM 2024 in India by the Great Place to Work® (GPTW)
Institute for eight years in a row. This year, we have also been proudly
recognised as one of India’s Best WorkplacesTM in Real Estate
Industry and India’s Best WorkplacesTM in Building a Culture of
Innovation for All.
Gera envisions raising the standards of Real Estate in India. As they
redefine new standards of service orientation, product innovation, real estate
marketing, and brand building, they are consistently generating fresh value for
its stakeholders, while setting new benchmarks for the industry.
Please visit www.gera.in for
more information.