Pune: The Pune residential real estate market maintained its momentum in April 2025 with 14,421 property registrations, generating over ₹547 crore in stamp duty revenue, according to the latest report by Knight Frank India.
This reflects a 1% year-on-year (YoY) growth in registrations, although stamp duty collections saw a 3.4% dip, largely due to increased activity in the affordable housing segment.
Despite the monthly dip compared to the record-breaking March 2025, Pune’s real estate market continued its strong performance in 2025.
From January to April, the city recorded 76,389 property registrations, marking a 5% YoY growth, and generated ₹2,858 crore in stamp duty, an 8% increase over the same period last year—making it the highest four-month tally in the past four years.
Knight Frank India Report: Shift Towards Premium and Larger Homes
Consumer preferences are clearly evolving. Homes larger than 800 sq. ft. accounted for 33% of sales in April 2025, up from 31% in April 2024, highlighting a sustained demand for spacious living in the post-pandemic era.
The share of premium homes priced over ₹1 crore also rose to 16%, compared to 14% a year ago, signaling increased interest in luxury housing. However, the majority of transactions—83%—remain within the sub-₹1 crore category, reflecting a balanced market with both mass and premium appeal.
“Pune’s residential market is end-user driven, and the continued stability in demand is a strong indicator of the city’s economic resilience,” said Shishir Baijal, Chairman & Managing Director, Knight Frank India. “We expect this momentum to persist, driven by long-term buyer confidence.”
Central Pune Leads; West Pune Rises
Central Pune, which includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), contributed to 75% of all residential transactions in April 2025. However, its share fell slightly from 78% last year, as demand gradually expands to peripheral regions.
West Pune, encompassing Mawal, Mulshi, and Velhe, gained traction with a 14% share, up from 12% last year, reflecting growing homebuyer interest in emerging micro-markets.
