India, July 9 -- Pune's real estate market is showing early signs of a revival in demand, but the recovery is unfolding amid a growing supply overhang. Housing sales rose 7% year-on-year during the 12 months ended June 2026, marking the city's first annual sales recovery in four years. However, the improvement in demand was outpaced by a surge in new project launches, pushing the value of unsold housing inventory to an all-time high of Rs.92,110 crore, according to Gera Developments' Pune Residential Realty Report.

The widening gap between launches and sales suggests developers continue to add supply faster than the market can absorb it.

At the same time, Pune's property prices continued to climb, albeit at a more measured pace. Annual ...