Pune’s housing market remained resilient in August 2025, recording 13,253 property registrations and generating ₹485 crore in stamp duty revenue, according to Knight Frank India. While registrations saw a modest 3% year-on-year (YoY) dip, stamp duty collections fell more sharply by 19% YoY due to changing buyer patterns and ticket sizes.
Monthly Trends in Registrations and Revenues
| Month | Registrations | Stamp Duty (₹ Cr) |
|---|---|---|
| Aug 2024 | 13,645 | 599 |
| Sep 2024 | 11,056 | 508 |
| Oct 2024 | 20,894 | 751 |
| Nov 2024 | 13,371 | 475 |
| Dec 2024 | 17,348 | 620 |
| Jan 2025 | 17,449 | 638 |
| Feb 2025 | 19,025 | 713 |
| Mar 2025 | 24,495 | 960 |
| Apr 2025 | 14,421 | 547 |
| May 2025 | 12,037 | 426 |
| Jun 2025 | 16,792 | 643 |
| Jul 2025 | 14,622 | 648 |
| Aug 2025 | 13,253 | 485 |
Source: Knight Frank Research, IGR Maharashtra
YoY Comparison (Aug 2024 vs Aug 2025):
- Registrations: -3%
- Stamp duty: -19%
Year-to-Date (Jan–Aug 2025): Best in Four Years
Despite the softer August, Pune’s market showed strength in the first eight months of 2025, posting the highest volumes and revenues in four years.
| Year | Registrations (Units) | Revenue (₹ Cr) |
|---|---|---|
| 2022 | 90,224 | 3,025 |
| 2023 | 91,023 | 3,225 |
| 2024 | 127,356 | 4,745 |
| 2025 | 144,113 | 5,468 |
YoY Change (2025 vs 2024): +13% registrations, +15% revenue
Affordable Homes Drive Demand
The sub-₹25 lakh housing category was the standout performer in August 2025, recording 3,975 registrations, a 17% YoY increase.
At the same time, the premium segment (₹1 crore and above) also expanded its share from 15% to 16%, underscoring stronger appetite for larger and high-value homes.
Share of Ticket Sizes in Transactions
| Ticket Size | Aug 2024 | Aug 2025 |
|---|---|---|
| Under ₹25 lakh | 25% | 30% |
| ₹25–50 lakh | 31% | 27% |
| ₹50 lakh–1 crore | 29% | 27% |
| ₹1–2.5 crore | 13% | 13% |
| ₹2.5–5 crore | 2% | 3% |
| Above ₹5 crore | <1% | <1% |
Larger Homes and Smaller Units Gain Traction
Buyer preferences reflected a dual trend:
- Larger homes above 800 sq. ft. maintained steady demand (33% share vs 32% last year).
- Compact homes below 500 sq. ft. saw a surge, rising from 22% to 27% YoY.
| Area (sq. ft.) | Aug 2024 | Aug 2025 |
|---|---|---|
| Under 500 | 22% | 27% |
| 500–800 | 46% | 40% |
| 800–1000 | 15% | 15% |
| 1000–2000 | 15% | 15% |
| Over 2000 | 2% | 3% |
Central Pune Dominates, But West Expands
- Central Pune (Haveli Taluka, PMC, PCMC) remained the largest contributor with 68% of transactions in August 2025, though slightly lower than last year (72%).
- West Pune (Mawal, Mulshi, Velhe) strengthened to 17% share, while South and East Pune also showed small gains.
| Micro Market | Aug 2024 | Aug 2025 |
|---|---|---|
| North | 8% | 8% |
| South | 2% | 4% |
| East | 2% | 3% |
| West | 16% | 17% |
| Central | 72% | 68% |
Expert View
Shishir Baijal, Chairman & MD, Knight Frank India, said:
“While Pune’s property market reflected some moderation in registrations and revenues compared to the same period last year, the overall demand momentum remains intact. Strength in affordable housing, alongside steady appetite for premium and larger homes, highlights Pune’s diverse buyer base. The resilience in year-to-date volumes and revenues underscores the depth of demand even amid evolving conditions.”
