Pune housing market logs 4-year high in property registrations: Knight Frank India

Pune’s real estate market continued its strong momentum in September 2025, with property registrations rising 23% year-on-year (YoY) to 13,557 units, according to the latest assessment by Knight Frank India.

The surge in registrations contributed ₹523 crore in stamp duty revenue to the state exchequer, marking a 3% YoY increase.

On a sequential basis, property registrations grew 2% month-on-month (MoM), while stamp duty collections increased 8%, highlighting steady and broad-based housing demand.


Knight Frank attributed the spike partly to the shift in the festive calendar. Last year, the inauspicious Shraddh period extended across much of September, dampening buying sentiment, while this year it occurred earlier, followed by Navratri celebrations that boosted market activity.

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On a year-to-date (YTD) basis, Pune recorded 1.45 lakh property registrations in the first nine months of 2025—the highest in four years—bringing in ₹5,583 crore in stamp duty revenue, up 5% and 6% YoY, respectively.

This consistent growth underscores the city’s resilience and its position as one of India’s most stable real estate markets.

The demand composition also reflected an evolving buyer profile. Homes priced above ₹1 crore saw a slight uptick in market share to 15%, while properties under ₹1 crore continued to dominate with an 85% share.

Notably, the preference for larger homes has strengthened—apartments above 800 sq. ft. accounted for 29% of sales, up from 26% last year, while the share of smaller units under 500 sq. ft. declined.

Geographically, Central Pune, encompassing Haveli Taluka, PMC, and PCMC, remained the city’s real estate hub, contributing 61% of total transactions. West Pune followed with a 17% share, while the remaining 22% came from North, South, and East Pune.

Commenting on the trend, Shishir Baijal, Chairman and Managing Director of Knight Frank India, said, “Pune’s housing market continues to display sustained momentum this year. The 23% YoY increase in registrations in September reflects how the shift in the festive calendar has further supported buyer activity. What we are witnessing is a market operating at sustainable volumes, signalling growing maturity and enduring confidence among homebuyers.”

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