Gera Pune Residential Realty Report Released

July 2025 Edition Reviews Market Stability Amid Rising Sticker Shock

Pune – Gera Developments Private Limited (GDPL), a leading player in premium residential and commercial real estate across Pune, Goa, Bengaluru, and California, today released the July 2025 edition of its bi-annual Gera Pune Residential Realty Report. This is Pune’s only census-based real estate study that has been running for 14 years, covering over 2,300 projects and more than 3 lakh under-construction homes. The report presents a data-driven view of the market dynamics for the 12-month period ending June 2025.

This year’s report reveals significant shifts in Pune’s residential real estate landscape. Following seven consecutive years of rising prices, sales, and supply, the market appears to be entering a phase of consolidation due to the combined impact of “sticker shock” from rising prices and increasing home sizes.

While year-on-year prices have increased by 7.31%, the overall rise in ticket size is considerable. Over the past five years, prices have surged by 40%, and average home sizes have grown by 25%, resulting in a 76% rise in average costs. This has posed affordability challenges for budget and upper-middle-class buyers, while affluent buyers continue to gravitate toward larger, more comfortable homes.

Speaking on market trends, Mr. Rohit Gera, Managing Director of Gera Developments Private Limited, said,
“We are seeing a significant rise in total ticket sizes, leading to what we call ‘sticker shock.’ Even though interest rates have declined in the past six months, affordability remains a concern. The total cost for buyers has risen by 76% in just five years. This sharp increase in sticker prices has slowed down decision-making among buyers and reduced housing demand. Developers are cautiously responding by slowing down new launches and recalibrating configurations. I anticipate that smaller home sizes will return to the market, making homes more affordable not through price corrections, but by offering compact yet efficient layouts. This is a crucial time for buyers to choose projects from developers with strong financial stability.”

Market Trends & Analysis:

• Replacement Ratio: A replacement ratio of 1.08 indicates a slightly higher supply than demand. In a cyclical market like real estate, mild oversupply usually corrects itself, bringing long-term balance.
• New Project Prices: Prices for new projects declined by 4.73% year-over-year, although the broader market trend remains upward.
• Price Growth in East Pune: East Pune recorded the highest price growth in the city at 9.6%, followed by West Pune with a 6.8% increase.
• Project Activity: There are 2,605 residential projects under development in Pune, which is 6.7% higher than in June 2024. However, the market is consolidating—smaller projects (less than 100 units) have dropped by 39% since 2018, while larger projects (more than 500 units) have increased by 70%.
• Impact of Metro: Areas like Hinjawadi, connected by the new metro corridor, have seen steady prices and increased interest from affordability-conscious buyers.

Future Outlook:

Pune’s real estate sector is entering a phase of strategic recalibration. Though recent 50 basis point rate cuts by RBI suggest favorable economic conditions, the market has yet to gain real momentum. Meanwhile, transformative infrastructure projects like the Ring Road and Metro expansion are poised to reshape growth corridors over the next decade.

To remain resilient, developers must focus on well-designed products, calibrated launches, and clearer value propositions for specific market segments. As the market evolves to cater to changing demographics, it is essential for stakeholders in this new ecosystem to understand these shifts.

About Gera Developments Private Limited:

Gera Developments is a reputed brand with over 50 years of legacy and is one of the pioneers of Pune’s real estate industry. Known for delivering premium residential and commercial projects in Pune, Goa, and Bengaluru, Gera has also established a global presence with developments in California, USA. Gera prides itself on offering long-term value through a customer-first approach, innovation, transparency, and superior customer experiences—embodied in their philosophy of “Let’s Outdo.”

Gera introduced several firsts in Indian real estate:

• In 2004, it was the first to offer a 5-year warranty on real estate, including preventive maintenance and insurance—years before RERA made it mandatory in 2017.
• Later, Gera also launched the only 7-year warranty in Indian real estate.
• It created and launched the award-winning ChildCentric® Homes, revolutionizing the market for both developers and homebuyers.

Other successful innovations include:

• Intelliplexes™
• SkyVillas™
• The Imperium series

In its 50th year, the company also launched Gera’s Home Equity Power, a first-of-its-kind initiative that gives buyers financial flexibility to withdraw funds from their prior payments during emergencies.

These offerings are integrated with the Gera World mobile app, enhancing convenience, transparency, and customer experience. Gera also introduced the Club Outdo loyalty and referral program, offering exclusive deals, community involvement, and benefits to both existing and new customers.

Gera focuses on delivering value-added experiences through trust, quality, innovation, and a customer-first mindset. Its projects have received several national and international awards across product and service excellence.

For eight consecutive years, Gera has been recognized by the Great Place to Work (GPTW) institute among India’s Top 50 Great Mid-Sized Workplaces (2024). It has also been honored as one of India’s Best Workplaces in Real Estate and for fostering a culture of innovation for all.

Gera envisions raising the standard of Indian real estate by redefining service orientation, product innovation, marketing, and brand building—setting new industry benchmarks while consistently creating fresh value for stakeholders.

For more information, visit: www.gera.in