India, July 14 -- Pune's real estate market is witnessing a significant dip in the supply of 1 BHK apartments, which now account for just 8% of total new launches, the lowest level recorded, according to a research report by Gera Developments.

This marks a sharp decline from 2017-18, when 1 BHK units comprised over 40% of the market. In contrast, the share of 2 BHK apartments has increased, driven by growing demand from two key buyer segments: first-time homebuyers seeking slightly larger homes and existing homeowners looking to upgrade.

The report also notes that while the launch ratio of 1 BHK units has declined, launches of 2 BHK, 3 BHK, and 4 BHK apartments have gone up, even as overall sales have softened over the past year. Develo...