Homebuyer in Pune Shocked as Rs. 1.8 Cr Home Price Soars to Around Rs. 2 Cr in Just 15 Days, Post Viral

The real estate industry is growing in India. But now, a post has gone viral where a man from Pune said that he witnessed a significant jump in home prices in just 15 days. The post is gaining attention and many people are reacting to it.

A homebuyer stated on X that the cost of a flat has increased by around Rs. 20 lakh in just 15 days, which has reignited the discussion about affordability of houses.

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In his post on X, Kunal Gandhi described his experience seeing a 3BHK flat in Pune. He claims that when he first visited the flat during its launch phase, it was listed at Rs. 1.8 Cr. But the stated price had increased significantly when he came back two weeks later.

“A month ago, I went to see a 3BHK flat in Pune. The real estate agent provided an estimate of Rs. 1.80 Cr. After 15 days, I returned and the cost increased to Rs. 1.95 Cr this time. I wanted to continue asking questions yesterday. With a predicted Rs. 2.15 Cr in the following month, the price is now Rs. 2 Cr,” according to him.

Many are now debating the price hike in the real estate market, demand, home loans etc. The user himself questioned the sharp escalation, suggesting it could either be the market is in a bubble or there is a high demand.