Pune’s real estate market recorded 19,012 property registrations in February 2025, reflecting a steady 1% year-over-year increase and a 9% rise compared to January, according to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra, as published by The Economic Times.
The city collected more than Rs 712 crore in stamp duty revenue from property transactions, marking a 7.6% increase from the previous year and a 12% rise from January. The growth in revenue was largely attributed to a higher number of transactions involving properties priced at Rs 1 crore and above.
The demand for high-value homes continues to rise, with properties priced above Rs 1 crore accounting for 16% of total transactions in February 2025, up from 14% a year earlier, according to an analysis by Knight Frank India. The shift highlights a growing preference for premium housing in Pune’s real estate market.
“The increasing demand for high-value homes underscores strong buyer confidence in the premium segment. Larger homes remain attractive due to evolving lifestyle preferences and affordability, supported by ongoing infrastructure upgrades,” said Shishir Baijal, chairman and managing director of Knight Frank India.
The market also showed a rising preference for spacious homes, with properties exceeding 800 square feet accounting for 32% of transactions, up from 24% in February 2024. This trend reflects continued interest in larger living spaces in the post-pandemic era.
Central Pune—including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC)—remained the dominant region for residential transactions, contributing 76% of sales. However, its market share declined slightly from the previous year as emerging developments in other parts of the city catered to evolving homebuyer preferences.
West Pune, encompassing Mawal, Mulshi, and Velhe, held the second-largest share at 12%, while North, South, and East Pune collectively accounted for 11% of transactions.
Pune’s housing demand continues to be driven by ongoing infrastructure development, its relative affordability compared to other major cities, and strong homebuyer sentiment. These factors reinforce Pune’s position as a resilient and attractive destination for property investment.