Pune (Voice News Service) : With the impact of the pandemic ebbing, the corporates are inviting their employees back to office as the situation has improved a lot now. The floating population of the city is slowly crawling its way back.The return of the floating population has directly impacted the rental rates in the city.
Describing the current scenario, Mr. Ram Naik, Director, The Guardians Real Estate Advisory said, “The rentals across Pune have increased around 10%. We have witnessed a significant price hike in the areas where the college students and IT professionals stay. The rents will rise steadily as the young urban population returns back to the city. The pandemic too had encouraged the need for owning a home. Therefore we will not be surprised if there is a transition from rented to owned apartments soon.”
“The prices have increased because of the demand-supply chain. The property prices too have increased in the last two months because of several factors. The home loan rates too have gone up which have forced the property owners to pass on the burden to the tenants,” said, Mr. Rajendra Pate, President, NAREDCO Pune.
