Pune’s real estate market recorded 12,693 property registrations in October 2025, generating ₹527 crore in stamp duty collections. Registrations were down 39% year-on-year (YoY) in comparison to October 2024, and revenue was lower by 30% mainly because of the high base effect of the sales that were inflated by the festivities last year. In a statement to the press, Knight Frank India said that although the figures were less than the previous year, they were still in a decent range, staying above the 12,000 mark, which shows that there is a steady demand at the base level not withstanding the seasonal changes.
Impact of Festive Season Timing
Last October had seen strong festive momentum driven by Navratri (3–11 Oct) and Diwali (1 Nov 2024), which boosted property registrations significantly. In contrast, this year’s festive activity was largely concentrated in September, with Navratri falling from September 22 to October 1, and Diwali celebrated on October 20, contributing only partially to October’s market activity.
“Much of the festive buying shifted to September this year, but activity in October stayed within a healthy range,” Knight Frank noted, underlining that the market’s underlying demand remained stable even as the timing of festival-driven purchases shifted.
Compared to the previous month (MoM), registrations have fallen by 6%. However, stamp duty collections have slightly gone up by 0.7%, which confirms that the generation of revenue is still going on at the same pace as it has been. Thus, even if the number of transactions has decreased slightly. The property market of Pune, according to the year-to-date (YTD) report, has been vibrant as it achieved the highest number of registrations and stamp duty collections in the first ten months of the year of the last four years, thus, indicating the city's consistent performance and the widespread buyer demand.
Ticket Size and Price Segment Trends
The October 2025 property ticket size distribution did not reveal significant changes compared to the previous year. Housing priced up to ₹1 crore retained their dominance with an 85% share, thus, reflecting the steady demand in the middle and affordable segments, which are the mainstay of Pune’s real estate market. High-end properties priced above ₹1 crore made up the 15% of registrations, thereby, indicating that while in luxury segments the slow expansion is occurring, the market’s foundation is still going to be that of mass-market affordability.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, commented, “Pune’s housing market has held its ground firmly through 2025. October’s numbers were lower than last year’s festive-inflated base, yet the city crossed 12,600 registrations and generated over ₹500 crore in revenue, pointing to steady underlying demand. Much of the festive buying shifted to September this year, but activity in October stayed within a healthy range. With YTD registrations and revenue at their highest levels in four years, Pune continues to operate at stable, sustainable volumes, reflecting a market that has grown more consistent, broad-based, and confident.”
Homebuyer Preferences
The preference of the purchasers of homes for the size of the units was more or less the same throughout the year. The percentage of homes less than 500 sq ft went up slightly from 22% to 23%, and the 500–800 sq ft category remained unchanged at 46%. The drop of those with a home over 800 sq ft is very slight, from 32% to 30%, thus it can be inferred that the buyers' demand for large homes is still there, but they are quietly moving to smaller ones, which are more affordable.
By location central Pune which is the area of Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC) was still the major player in the market, making up 64% of residential transactions. Although the share of central Pune had dropped a little compared to the previous year as buyers were gradually moving to the new peripheral areas. The area of West Pune (Mawal, Mulshi, Velhe) was the one with the second-largest residential turnover volume at 14%, which is a sign of new developments and more budget-friendly options in these regions. The districts of North, South, and East Pune, however, together accounted for 22% of the transactions, thus, indicating that the residential demand had spread across the city.
The Pune real estate market is still vibrant as seen through the various positive indicators such as revenue generation and buyer confidence, in spite of the year-on-year drop that can mostly be attributed to the high festive base of last year. The presence of both affordable and premium housing segments in the market ensures that the market is broadly supported.
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