Pune Sees 14,421 Property Deals in April 2025, Earns Rs 5.47 Bn: Report

19 May 2025 CW Team

On a month-on-month (MoM) basis, both property registrations and stamp duty collections in Pune fell by 43 per cent. However, this trend appears to be cyclical, as historical data indicates that March typically records strong activity, while April tends to show a relative slowdown.

On a year-to-date (YTD) analysis, Pune’s property market remains stable, recording its highest property registrations and stamp duty collections for the first four months of the year in the past four years. Compared to the same period last year, property registrations rose by 5 per cent, while stamp duty collections saw an 8 per cent increase.

The share of homes priced above Rs 10 million rose from 14 per cent in April 2024 to 16 per cent in April 2025, highlighting growing interest in premium housing. However, with properties priced up to Rs 10 million still accounting for the overwhelming majority at 83 per cent, the overall demand remains largely anchored in the up to 10 million segment, indicating a market that is expanding at the top while staying broad-based at its core.

The demand for larger apartments remains strong, with the share of units exceeding 800 sq ft rising from 31 per cent in April 2024 to 33 per cent in April 2025. This trend underscores the continued preference for spacious homes in the post-pandemic era.

Shishir Baijal, Chairman & Managing Director, Knight Frank India said, “Pune’s residential market has been seeing steady demand on a year-on-year basis even while there are minor fluctuations. Since Pune is largely an end-user driven market, steady demand is a good barometer of the economic stability of the city. We expect the general momentum of demand to remain unchanged demonstrating long-term buyer confidence.”

In April 2025, Central Pune, including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 75 per cent of the market. However, this represented a slight decline from the previous year as emerging developments in other parts of the city catered to evolving home buyer preferences. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 14 per cent, while North, South, and East Pune collectively contributed 10 per cent of transactions during the same period.

Knight Frank India, in its latest assessment, noted that Pune’s real estate market registered 14,421 property transactions in April 2025, generating Rs 5.47 billion in stamp duty revenue. While property registrations saw a slight year-on-year (Y-o-Y) increase of 1 per cent, stamp duty collections dipped marginally by 3 per cent Y-o-Y during the same period. The decline in stamp duty revenue is primarily attributed to a higher share of registrations in lower ticket-size segments. On a month-on-month (MoM) basis, both property registrations and stamp duty collections in Pune fell by 43 per cent. However, this trend appears to be cyclical, as historical data indicates that March typically records strong activity, while April tends to show a relative slowdown.On a year-to-date (YTD) analysis, Pune’s property market remains stable, recording its highest property registrations and stamp duty collections for the first four months of the year in the past four years. Compared to the same period last year, property registrations rose by 5 per cent, while stamp duty collections saw an 8 per cent increase.The share of homes priced above Rs 10 million rose from 14 per cent in April 2024 to 16 per cent in April 2025, highlighting growing interest in premium housing. However, with properties priced up to Rs 10 million still accounting for the overwhelming majority at 83 per cent, the overall demand remains largely anchored in the up to 10 million segment, indicating a market that is expanding at the top while staying broad-based at its core.The demand for larger apartments remains strong, with the share of units exceeding 800 sq ft rising from 31 per cent in April 2024 to 33 per cent in April 2025. This trend underscores the continued preference for spacious homes in the post-pandemic era.Shishir Baijal, Chairman & Managing Director, Knight Frank India said, “Pune’s residential market has been seeing steady demand on a year-on-year basis even while there are minor fluctuations. Since Pune is largely an end-user driven market, steady demand is a good barometer of the economic stability of the city. We expect the general momentum of demand to remain unchanged demonstrating long-term buyer confidence.”In April 2025, Central Pune, including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 75 per cent of the market. However, this represented a slight decline from the previous year as emerging developments in other parts of the city catered to evolving home buyer preferences. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 14 per cent, while North, South, and East Pune collectively contributed 10 per cent of transactions during the same period.

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