The Pune Metropolitan Region Development Authority (PMRDA) is currently deliberating the necessity of increasing apartment prices within its housing projects. This review has been initiated by the Commissioner, who is examining whether adjustments to the pricing structure are warranted after over a decade since the last revision in the 2012-13 fiscal year. The need for a price assessment arises amidst shifting market conditions and growing public interest in upcoming housing lotteries.
Officials have been tasked with compiling data to evaluate the feasibility of any price adjustments, though a definitive decision from the PMRDA has yet to be announced. This initiative coincides with the PMRDA’s plans to release remaining apartments from the Walhekarwadi housing scheme and the Peth No. 12 project, which had originally aimed for a July 2024 launch. However, technical issues have delayed this timeline, prompting ongoing coordination with the Maharashtra Housing and Area Development Authority (MHADA). The anticipated lottery for these homes has spurred a surge of inquiries from potential buyers eager for affordable housing options.
The PMRDA’s current housing developments comprise 792 units in Peth No. 30 and 32 at Walhekarwadi, including 378 one-room kitchen units aimed at economically weaker sections (EWS) and 414 one-BHK apartments for low-income groups (LIG). The Peth No. 12 project, funded under the Pradhan Mantri Awas Yojana, offers an impressive 4,883 homes, with a substantial number reserved for EWS and LIG. Despite a lottery held in December 2022, many units remain unsold, highlighting the ongoing affordability challenge in Pune’s housing market. The existing prices are set at ₹19 lakh for one-room kitchens and ₹25.5 lakh for one-BHKs in Peth No. 30 and 32, while Peth No. 12 features prices of ₹7.4 lakh for one-BHKs and ₹32.592 lakh for two-BHKs.
