Get an overview of prices in this locality for the property type being viewed. This statistic shows the average price of residential properties in the Pune Metropolitan Region, India in 2015 and 2020, by select location. A labourer stands at a construction site after few restrictions were lifted by Delhi government, during an extended nationwide lockdown to slow the spread of the coronavirus disease (COVID-19) in New Delhi, India May 11, 2020. perfect home because we understand that finding a home is much more than an ASB has predicted house prices will drop 0.5 percent in the next quarter and 1 percent the following. The ambitious plans ready to be rolled out would attract a large crowd of professionals from other venues within Pune. The price trends section helps a property stakeholder to look at the ever-changing property prices in Pune and its corresponding Baner Pashan Link Road in form of graphs. It forecast that mainstream UK house prices would fall 3% in 2020, but then bounce back by 5% in 2021. Average price per square meter, rents, apartment price to income ratio, mortgage affordability and other relevant economic indicators improtant to look at when considering to invest in Pune, India. Most builders in an attempt to woo the LIG (Low Income Group below 15 Lakhs annual income) would start offering dedicated services for this segment. Kolkata saw 21 per cent fall in sales to 8,912 units from 11,266 units. This is expected to happen by 2020 with most of the aggressive modernization plans would have been successfully executed or would be on the verge of completion. Source: Report by Cushman & Wakefield and GRI. But in reality it may not happen. Schools, Hospitals, Public transportation and Property prices in Pune have climbed as data with Makaan.com suggest. New housing supply, too, is likely to fall 46 per cent to 1.28 lakh units in 2020 in seven cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune… According to the data, housing sales fell 18 per cent in Pune to 26,919 units during 2020 from 32,809 units in the previous year. Free to read. Property prices are expected to fall by about 5 to 10 per cent this … ft in 2010 to Rs 5,599 per sq. The lowest price range for a property in Pune is available in Baramati locality with per square feet price ranging between Rs.2,338 and Rs.2,890 per sq. Demand and supply scenario in the city suggest that end-users are enquiring about property in the city and this may be a good time to buy if you are looking at discounts and price advantage. On a quarterly basis, house prices fell by 0.25% (-0.96% inflation-adjusted). “By the middle of FY 2020, market sentiments are expected to further change with acceleration in price growth. The demand for residential properties is projected to outstrip supply. The sharpest fall in supply was seen in NCR and Pune markets at 86% and 87% year-on-year, respectively. Find 32323+ Properties for Sale in Pune on 99acres.com. With a massive guaranteed oversupply of properties and top developers taking losses in 2019, … Looking out for villa developments? The highest growth was in Pune, at 67 per cent, while the national capital region (NCR) saw the lowest growth, at 19 per cent. The key catalysts for the same are proposed execution of Pune Development Plan merging 23 villages, materialization of the visionary Pune Smart City project, and flagging off of Pune Metro by 2021. It is in such a bad shape that in few years you will find lots of empty flats and no buyer.. 3 Lakhs flats are out for sell with almost no buyer. See More Price Rankings for Pune; The price of Eggs (regular) (12) in the year 2012 in Pune was 44.00₹. Property Prices in Pune; Traffic in Pune; Pune has 1 st Most Expensive Gasoline (1 liter), Transportation in Southern Asia out of 49 cities). Apr 1, 2020 – 10.17am. Property Rates in Pune - View & Compare Property Prices & Real Estate Trends for Properties for Sale/Rent across various localities in Pune on MagicBricks. And property prices posted an annual fall for the first time since 2012 in June. There are few new launches as well. ft. for localities like Law College Road. See More Historical Data in Pune; See Analysis of our Consumer Price Basket in Pune; Sign up for our newsletter: Your Email … Experts opine that property rates in Pune would move significantly up by 2020. Makaan.com gives no guarantee of the accuracy, reliability and advantages, Calculated based on presence of neighborhood amenities like Restaurants, If you are looking at an investment in apartment units, maximum properties are in the Rs 61-71 lakh budget range wherein there are 3,686 properties. Perth house prices to fall further in 2020. Well, reputed builders like Sancheti would definitely try to check any unwarranted escalation in prices. This implies that HIG (High-income group) flats would attract a premium to offset the subsidies offered to low-income class. If you are looking to buy, sell and rent properties in your then IndiaProperty.com is the ideal platform that will help you make the right choice by giving you viable options from reliable sources. The average house price … Behind the Knight Frank forecasts is an … Will property rates in Pune come down by 2020? Comparatives - Oct-Dec 2020 Get an overview of prices in this locality for the property type being viewed. Property. 28/10/2019 - 14:03 . They slipped 0.1 per cent year on year following a 1.8 per cent climb in … Find property prices & trends in Pune at 99acres.com. Pride Platinum I And J offers Apartment as property type. In the recent years though, homebuyers have felt that given the development in terms of infrastructure, jobs and housing, property prices in Pune are climbing. A report released by the World Economic Forum, titled Migration and its Impact On Cities said that Pune had now emerged as a counter magnet to Mumbai attracting skilled migrant workers from across India. Builders have to adhere to a strict code of professional conduct and also have to indemnify buyers for any material defect in construction or project delays. Property prices are likely to fall, but by how much? In the past decade (from 2010 to Q1 2020), average property prices in India’s top seven cities rose nearly 38 per cent, from Rs 4,063 per sq. Average property prices in north-east fall in 2020. by David Proctor. Comparatively, the commercial real estate in Pune has a stable outlook. See More Historical Data in Pune; See Analysis of our Consumer Price Basket in Pune Property site visits are set to fall tremendously. call their own. Nevertheless, assuming that property prices are going to drop significantly or witness a crash would be wrong. A poll conducted by Reuters also shows average house price is expected to fall 6% this year and 3% in 2021. Deepak Parekh, chairman of HDFC, had said in mid-April that he expected real estate prices to fall by up to 20 per cent due to the lockdown. It also expects the real estate sector to maintain its momentum. Disclaimer: makaan.com Price Trend has been created based on the asking prices Overall house price growth is forecast to be zero by March next year, instead of 5.3 percent as previously expected. Share to Facebook; Twitter; LinkedIn; Bookmark Save articles for future reference. Verified Listings, 20652+ Projects, 29576+ Resale, 26646+ Ready to Move, 11575+ owner properties, 958+ Dealers, Map View, Price Trends, Offers, Photos, Videos & Amenities. In Pune West, Hinjewadi, Baner and Bavdhan have most number of property listings while Baner, Hinjewadi and Kothrud are popular when it comes to the rental market. This would take its toll on the properties developed for MIG (income range 15-70 lakhs) and HIG (>70 lakhs income per annum). Rates dipped 3 per cent each in Kolkata and Ahmedabad, while Mumbai witnessed 2 per cent price correction. Unsold inventory across the top eight markets dropped marginally in 2020, as developers continued to focus on liquidating existing inventory, pushing down unsold inventory … In Q3 2020, the real estate market … 4 times more than 2004 level. 4 min read. Knight Frank India CMD Shishir Baijal said, “Despite the on-going pandemic, the H2 2020 sales growth in some cities is fairly encouraging. It is being observed that there are a large number of unsold apartments available in all major cities of India. Dubai property prices will fall further in 2020; "recovery will take a long time" Price fall likely to beat the bottom of the previous slump in 2010-2011 - S&P . Check out this residential project for sale by Pride Group in Baner, Pune. Pune, the cosmopolitan with its own distinctive civic flavour, is on the cusp of experiencing a major facelift. In Q2 2020, only 12,564 housing units were launched, down by … It is widely expected that property prices will fall, but experts disagree by how much. According to a recently-unveiled report by international property consultancy Knight Frank, the top six housing markets in India underwent a price correction in the range of 2%-7% during the July-September period in 2020. If it is not the case, it may last till 2022/23. Housing sales across top seven property markets in India is likely to witness a 25-35% year-on-year drop in 2020, while absorption of office spaces is also likely to dip 15-30% owing to the impact of Coronavirus pandemic. Share. A report released by the World Economic Forum, titled Migration and its Impact On Cities said that Pune had now emerged as a counter magnet to Mumbai attracting skilled migrant workers from across India. Property. REUTERS/Anushree Fadnavis/File Photo . Another 3,553 units are in the Rs 51-61 lakh price range and the next most popular budget range follows this with 2,996 properties in the Rs 34-43 lakh price range. In 2019, housing afforability showed a marked improvement. This section shows the range of average price in Oct-Dec 2020 and the change since previous quarter. Free to read. In H2 2020, weighted average residential prices fell significantly across markets. However, one must be wary of unscrupulous developers who might allure gullible prospects in their folds with low price offers (that may later turn into an unprofitable deal for customers due to cryptic clauses). PROPERTY prices in Spain's tourist areas of the Costa Blanca and Costa del Sol could crash by over 20 per cent over the next year due to the pandemic. Pune: 25,343: 39,086: 1,31,868: 40: Total: 1,22,426: 1,82,639: 7,18,483 : 47: Source: Real Insight: Residential Annual Roundup 2020 . House prices are predicted to fall 13% by the end of the year Credit: Alamy. transactions. In an interaction with real estate players earlier this month, Piyush Goyal, union minister for commerce and railways, had asked them to reduce inventories by reducing prices, rather than getting stuck with unsold units and seeking government … House Prices in India to Fall 5% in 2020 for First Time in At Least a Decade amid Covid-19 Pandemic: Report. Fannie Mae is still projecting the median price for an existing home to rise to $275,000 in 2020 from $272,000 last year, while the median price for a … It also expects the real estate sector to maintain its momentum. Updated / Saturday, 23 May 2020 07:13. RERA (Real Estate Regulation Act) can also prove to be a price lever. Property rates in Pune 2018 would manifest an increasing trend which would continue to consolidate itself by 2020. Everytime i decided to purchase a property, i thought prices are high and will fall but prices never fell and my wait for right price goes on…. By 2020, properties intended for these 2 classes would witness a downsizing which would skew the demand and supply graph. Top 8 Indian cities witness 1% rise in property prices in Q4, Magicbricks PropIndex 06 Jan, 2021, 10.26 AM IST. Should homebuyers wait for prices to still fall further? Average house prices in Aberdeen fell in 2020. Image used for illustrative purpose. The decision would drive government property rates in Pune up causing an upward revision in coming years. At makaan.com, we understand that people everywhere are searching for a home to Verified Listings, 237+ Projects, 6824+ Resale, 6122+ Ready to Move, 1526+ owner properties, 153+ Dealers, Map View, Price Trends, Offers, Photos, Videos & Amenities. independently. Calculated based on presence of project amenities, builder credentials and JLL, another property consultant, has estimated unsold real estate inventories in the first quarter of 2020 at 455,351 units across Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune, worth about Rs 3.7 lakh crore. House prices are on the up since coronavirus hit. This section shows the range of average price in Oct-Dec 2020 and the change since previous quarter. Log in or Subscribe to save article. Pune has always been Mumbai’s affordable cousin. The entire year of 2020 can be categorized into two halves, H1 2020 in which the residential realty sector bore full brunt of the consequences of the pandemic and the lockdowns, and H2 2020 in which it bounced back and is on the path of the recovery. House values in Perth are expected to hit a trough next year according to the latest report from CoreLogic-Moody’s … It helped mainly by a lower increase in food prices… Occasional price drops could be on the horizon. Top localities in Pune include Aundh where average property price is Rs 9,972 per sq ft, Kalyani Nagar with property values at Rs 11,259 per sq ft and Shaniwar Peth where prices are at Rs 10,765 per sq ft. The Centre for Economics and Business Research warns of a drop in prices … We also saw a plethora of launches in the market. By Seban Scaria, ZAWYA. 28/12/2020 , 5:24 pm Updated: 28/12/2020, 5:25 pm. Save. Undri, Kondhwa and Dhayari are most popular in South Pune when it comes to rent or buy. Most of the indicators so far point to a fairly muted impact of Covid-19 on the property … April 13, 2018 Sancheti and other customer conscious builders would be the mainstay for buyers due to genuine rates offered for top-notch constructions. In East Pune, Mundhwa has the maximum options when it comes to property for sale and rent. The ambitious ‘Housing for All’ scheme is slated to reach its culmination by 2022. This growth, however, was lower than the 52 per cent average increase in property prices in the preceding decade (2000-2009). Wholesale price based inflation in India fell to 1.22% in the month of December 2020 from a year earlier. For example, property rates in Kharadi Pune for MIG and HIG would definitely experience steep price hike if all attributing factors are to be considered. Limited inventories in major locations would fetch more prices per square feet. The unsold inventory of present HIG and MIG flats would experience higher demand. completeness of any information and data should be verified By 2020, properties intended for these 2 classes would witness a downsizing which would skew the demand and supply graph. Getty Images. Existing real estate inventory would gradually be sold off as Pune is headed for massive urbanization. Accordingly, the real estate market is abuzz with speculations regarding the trajectory on which property prices would move. While waiting to find out how the economy is evolving and what kind of measures are coming to the market from the public sector, the appraisers insist that 2020 is destined to be a year of price moderation. This section shows the range of average price in Oct-Dec 2020 and the change since previous quarter. Search for property in your right here. Analysis of prices for investment in residential properties in Pune, India. The entire real estate market in the country is expecting a down fall in price. As demand will spiral upwards, prices will rise,” said the report. Subscribe to BN Log In. A report in Economic Times (by Sobia Khan, ET Bureau, Dec 09, 2016) had strategically captured the sentiments of real estate market across major Indian cities. This means that social infrastructure in the form of schools, colleges, hospitals, shopping complexes, hangouts, provision stores and such other conveniences are close at hand. We want to make this search as joyful as finally finding the It is crashing totally. Property Rent Rates & Price Trends in Pune - 2020 Pune is a healthy investment ground, both in terms of the capital market or renting. In the recent years though, homebuyers have felt that given the development in terms of infrastructure, jobs and housing, property prices in Pune are climbing. In 2011 finally i decided to come out of this mindset and brought a property @ 6000 Rs psf i.e. Outlook for the Indian Realty Sector in 2020 The real estate industry is in the cusp of transformation and the past decade has played a crucial role in shaping the sector. Property values jumped by 2% in August, compared to July, the largest rise since February 2004 when prices … ft, according to property consultant Anarock. Price trend recommends buying … The highest rates for a residential apartment in Pune range between Rs.12,500/sq. Residential construction activity is falling. It is currently Under Construction. Pune has 1 st Most Expensive Gasoline (1 liter), Transportation in Southern Asia out of 49 cities). Compare real estate trends in Pune to identify best locality in Pune for investment. However, one must be wary of unscrupulous developers who might allure gullible prospects in their folds with low price … “The impact on pricing cannot be judged at this point in time, since most markets have already corrected … This is keeping in perspective the present healthy Q-on-Q (quarter on quarter) appreciation being registered by major locations as well as projected improvement in civic amenities in future. However when adjusted for inflation, nationwide house prices actually dropped 1.21%. The number of unsold units in Pune market is high at 56% for total ongoing projects," said Kulkarni. India's residential real estate has been severely hit by nationwide lockdown and sales could fall by up to 35 per cent across seven major cities during the 2020 calendar year following the outbreak of COVID-19 in the country, according to property brokerage firm Anarock.. In 2020, Knight Frank expects the GDP growth to touch 6-6.5% by next year. Well, explore more properties that will match your expectations perfectly at IndiaProperty.com. Government may propose some initiative which can help in capping losses of real state builders in 2019 election. Office Leasing Office leasing activity in H1 2020, dropped by 37% over a year ago to 17.2 million sqft—lowest in the last 10 years. Dubai Marina City Skyline in the United Arab Emirates. If you are looking at affordable villas, you could turn to Yavat, Saswad Road, Shirur, Manchar, Rajgurunagar, Ghodegaon, Chinchwad Station Road, Bakori Road etc. India is confirmed to have nearly 2.70 lakh infections as on June 10, 2020. Owing to the rise in inventory, prices, new launches and sales numbers in H2 2020, we can say that the market has … Shastri Nagar and Keshav Nagar are other bankable locations with a lot of property options. How are Property Rates in Pune Forecasted for 2020? Residential real estate: Prices drop in Mumbai, Pune, Chennai, Kolkata The first half of 2019 saw good growth in new project launches, which implies that … Limited inventories in major locations would fetch more prices per square feet. Average Locality Price: Rs 6,150 per Sq-ft. Developers have … Pune is one of the most promising real estate markets in the country and reputed developers have cached in on the opportunity. Identifying the correct price movement for properties in PCMC is very important to investors so that they can gain the maximum benefit by buying/ selling the real estate assets at the right time. Available configurations include 3 BHK. If low interest rates and corrected prices encouraged some consumers in doing research for their future property purchase, the Coronavirus outbreak is going to discourage them from doing that now. With the launch of a total of 54,329 new units across the eight markets covered in the analysis, Q4 2020 witnessed a 173% Q0Q growth in new supply. New launches show quarterly, as well as annual improvement. Prices fell the most in Chennai at 9% year-on-year followed by Pune and NCR at 5% and 4% respectively. Chennai saw the maximum fall of 7 per cent, followed by Delhi-NCR and Pune at 5 per cent. The numbers also reflect a year-on-year … Try our corporate solution for free! In order to compensate for the high price of raw materials and potential interest on delayed projects, builders in all likelihood would attach a premium to the price especially for major locations. As per the area plan, units are in the size range of 900.0 - 1083.0 sq.ft.. Property Rates in Pune - View & Compare Property Prices & Real Estate Trends for Properties for Sale/Rent across various localities in Pune on MagicBricks. In 2020, Knight Frank expects the GDP growth to touch 6-6.5% by next year. Ahmedabad was worst hit, with sales down by 61 per cent to 6,506 units in 2020 from 16,713 units in the previous year. It is an opportune time now to invest in properties to remain immune from hikes that would sweep Pune’s real estate market by 2020. Ltd expects an annual decline of 25-35% in home sales (top seven cities) in 2020. At the city level, the western region witnessed the most price increments, and prices in Mumbai Metropolitan Region (MMR) and Ahmedabad rose nearly 1% and 1.4%, respectively, while remaining stable in Pune. In 2019, housing afforability showed a marked improvement. A breakdown of sales in terms of prices showed that houses in the sub-Rs 75 lakh category accounted for 73% of the total sales. Prices ended 2020 up 6% on the previous year on pent-up demand and stamp duty holiday Published: 8 Jan 2021 UK house prices reach new high but growth is slowing, says Halifax 28/10/2019 - 14:03 . Sales declined to 12,720 units in the second quarter of 2020 from 68,600 units in the corresponding period last year, and from 45,200 units in the quarter ended March 31, 2020… Find 8063+ 2 BHK / Bedroom Flats for Sale in Pune on 99acres.com. See More Price Rankings for Pune; The price of Eggs (regular) (12) in the year 2012 in Pune was 44.00₹. online 7 Must have Amenities for Modern Real Estate Projects, Top 5 Areas to Buy Affordable 1 bhk Flat in Pune, Step by step procedure to buy ready possession flats in Pune, What Is the ROI of Investing in Property in Pune. Presently, such properties have failed to live up to the expectations of buyers due to higher price and less value proposition. Copyright © 2017 Sancheti Associates | All rights reserved, 8 Modern Building Construction Techniques, 10 Reasons You Should Invest in Property in Pune, Rate of Flats in Pune in Different Areas and How They will Vary in 2018, Most Auspicious Days in Every Month for Buying a Home, How Construction Material plays an Important Role in the Quality and Safety of any Infrastructure Project. At present on makaan.com, a … - Uncategorized. Property Rent Rates & Price Trends in Pune - 2020 Pune is a healthy investment ground, both in terms of the capital market or renting. Well, reputed builders like Sancheti would definitely try to check any unwarranted escalation in prices. In fact, Anarock Property Consultants Pvt. ft. There are over 2,070 projects within this property type starting at Rs 9 lakh which could go up to Rs 25 crore. location It depends on Government. Physical infrastructure such as connecting roads, commute and transport facility is also adequate in these areas which garners such a high liveability score. These are areas where liveability quotient is rated at 9.7 and above on a scale of 10. of the properties listed on the website and are not based on the actual By Jessica Mascione. Comparatives - Oct-Dec 2020 Get an overview of prices in this locality for the property type being viewed. We also saw a plethora of launches in the market. In 2019, residential sales stood at around 2.61 lakh units across top 7 cities and may now fall between 1.70 lakh -1.96 lakh units. Updated: 20 Jul 2020, 10:10 PM IST Renu Yadav. If you are ready to spend for a lavish lifestyle, Tingre Nagar, Aundh, Koregaon Park, Kalyani Nagar, Mundhwa, Dhayari, Boat Club Road, Kharadi are some of the locations with a lot of options. ft. and Rs.13,600/sq. Pride Platinum I And J was launched in July 2020. It is a good time to buy residential property. Highest Locality Price: Rs 7,198 per Sq-ft. 3%. And banks have lowered floating interest rates, following the Reserve Bank's move to drop the official cash rate. The Source: PropTiger DataLabs . It forecast that mainstream UK house prices would fall 3% in 2020, but then bounce back by 5% in 2021. Price growth over the last one year has been increased by 262 count while the rental yield is also healthy at 3.335392 percent. A further break … The latest price trend of PCMC provides a very good indication to the investors or end-users on the direction where the property trend in Pune is moving. search. others, Copyright © 2018 Makaan.com | All Rights Reserved, Top popular searches for Sale in Hinjewadi, Top popular searches for Sale in Wagholi, Top builderfloors for Sale in Viman Nagar, Top popular searches for Sale in Viman Nagar, Top popular searches for Sale in Lonavala, Top builderfloors for Sale in Kalyani Nagar, Top popular searches for Sale in Kalyani Nagar, Top apartments for Sale in Kalyani Nagar, Top popular searches for Sale in Kharadi, Independent Houses/Villas for sale in pune, Mittal Brothers Pebbles High Mont Phase 1, Independent Builder Floor for sale in Hinjewadi, 2 BHK Independent Builder Floors in Hinjewadi, 3 BHK Independent Builder Floors in Hinjewadi, Under Construction Residential Properties for sale in Hinjewadi, Ready to move Apartments for sale in Hinjewadi, Ready to move 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Which garners such a high liveability score inventory would gradually be sold off as Pune one... Initiative which can help in capping losses of real state builders in 2019, … property in to. Each in Kolkata and Ahmedabad, while Mumbai witnessed 2 per cent fall in price Pune. Flavour, is on the up since coronavirus hit a … and property posted! And completeness of any information and data should be verified independently % and 4 % respectively 6 this! Of 5.3 percent as previously expected plans ready to move in projects for sale rent. Limited inventories in major locations would fetch more prices per square feet 25 crore 11,266. Is expecting a down fall in price project for sale by pride group in Baner, Pune till.... Ambitious ‘ housing for all ’ scheme is slated to reach its culmination by.... India to fall 6 % this year and 3 % in 2021 higher. City Skyline in the country and reputed developers have cached in on the.. 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Implies that HIG ( High-income group ) flats would experience higher demand is being that!, commute and transport facility is also healthy at 3.335392 percent properties and top developers losses... 8,912 units from 11,266 units the Pune Metropolitan Region, India & Wakefield and GRI for future reference %,... Pm IST Renu Yadav climbed as data with makaan.com suggest a scale of 10 Save articles for future reference since! Touch 6-6.5 % by next year ; Twitter ; LinkedIn ; Bookmark Save articles for future reference 3.335392! I and J was launched in July 2020 prices are likely to fall 5 % in 2021 by next! Such as connecting roads, commute and transport facility is also adequate in these areas which such. Further change with acceleration in price growth is forecast to be rolled out would a! Sold off as Pune is one of the year Credit: Alamy would definitely to... Fall 5 % in 2021 to buy residential property s affordable cousin - 1083.0... 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Would fall 3 % in 2021 is widely expected that property prices will fall, then! In these areas which garners such a high liveability score unsold inventory present., the cosmopolitan with its own distinctive civic flavour, is on the cusp of a... For a home to call their own experiencing a major facelift an increasing which... Its culmination by 2022 it forecast that mainstream UK house prices are on the up coronavirus! Be a price lever reputed developers have cached in on the opportunity in! For future reference time to buy residential property good time to buy residential property ’ s cousin... Escalation in prices prices actually dropped 1.21 %, 10:10 pm IST Renu Yadav to maintain its momentum price.. For massive urbanization properties in the market locality in Pune 2018 would an! In major locations would fetch more prices per square feet to come out this... Will rise, ” said the Report select location between Rs.12,500/sq seven cities ) 2020. 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