Pune’s real estate market remained strong in May 2025, with 11,930 property registrations generating over ₹421 crore in stamp duty collections, according to the latest report by Knight Frank India (Pune Property Registrations May 2025).
Pune property registrations figures reflect a marginal year-on-year (YoY) decline of 2.9% in registrations and 4.2% in revenue, the broader picture indicates significant market resilience and momentum.
From January to May 2025, Pune recorded over 99,339 property registrations – the highest five-month total in four years – marking a 16% growth YoY, while stamp duty collections surged 20% YoY to ₹3,687 crore.
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Demand Shift Toward Premium Homes and Larger Units
The share of homes priced above ₹1 crore increased from 14% in May 2024 to 19% in May 2025, signaling a shift toward premium housing.
Still, 81% of homebuyers preferred properties priced below ₹1 crore, underscoring the broad-based nature of demand.
Demand for larger homes also continues to grow, with properties over 800 sq. ft. accounting for 32% of transactions, up from 31% in May 2024. This trend reflects the ongoing post-pandemic preference for spacious residential units.
Central Pune Leads; West Pune Gains Share
Central Pune, comprising Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), remained dominant with 75% of residential transactions in May 2025.
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However, West Pune (including Mawal, Mulshi, and Velhe) showed growth, increasing its share to 14% from 12% a year earlier.
“In May 2025, Pune’s residential market recorded a 3% YoY decline in property registrations, primarily due to slower momentum in the ₹1–5 crore segment. However, on a year-to-date basis, the market remains robust,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
Pune Property Registrations: Continued Optimism
The overall Pune property registrations figures suggest that despite short-term fluctuations, the Pune property market continues to be on a strong upward trajectory, buoyed by growing interest in premium homes, a steady demand base for mid-segment properties, and a marked shift toward spacious living.
