Pune Homebuyer Faces Shock as Flat Price Surges Rs 20 Lakh in 15 Days
A prospective homebuyer has ignited widespread discussion about the sharp escalation of property prices in Pune after closely monitoring the cost of a three-bedroom apartment. The individual, a techie-turned-marketing professional, revealed that within a span of just a few weeks, the asking price of the same flat increased dramatically, raising concerns about affordability and market stability. The experience, shared on social media platform X, quickly caught public attention and triggered intense debate about whether the city’s real estate sector is overheating.
In another comment he wrote, 'I am okay with the price rise, but there has to be some rationale. I am not able to find any.'
According to the home seeker, the apartment was first visited at the time of its launch, when the quoted amount stood at 1.80 crore rupees. Curious to reassess the deal, the buyer returned roughly two weeks later, only to discover that the cost had already climbed to nearly 1.95 crore rupees. The swift increase within such a short interval came as a surprise, especially since there were no visible changes in the project or added features that could justify the jump.
The buyer further explained that when attempting to gather more details at a later stage, the realtor presented an even steeper figure. The apartment was now priced at 2 crore rupees, with projections suggesting it could touch 2.15 crore rupees in the following month. This steady upward revision left the buyer questioning the logic behind the pricing strategy and whether such growth was driven by genuine demand or speculative practices.
Reflecting on the experience, the individual suggested two possible explanations for the surge. Either the Indian real estate sector is witnessing an inflated bubble fueled by speculation, or demand has reached such extraordinary levels that sellers feel confident pushing prices higher every few weeks. This observation struck a chord with many online users who have faced similar situations in metropolitan housing markets.
The post gained significant traction, amassing thousands of likes and comments. Several users voiced frustration, alleging that property investments are increasingly being used as channels to circulate unaccounted wealth. Others argued that while a sudden market collapse may be unlikely due to India’s vast population and global diaspora, the burden of rising prices will continue to strain ordinary buyers. Some commenters went as far as describing the trend as large-scale financial manipulation, warning that unchecked price inflation could cause widespread hardship for families seeking homes rather than returns.
