Pune Property Registrations Reach 19,012 in February, Stamp Duty Rises 7%: Knight Frank India Report:
Pune’s real estate market remained stable in February 2025, with property registrations reaching 19,012, reflecting a marginal 1% increase from 18,791 in February 2024, according to data from the Maharashtra Inspector General of Registration (IGR). While overall registration numbers saw little change, stamp duty collections recorded a notable 7.6% rise, reaching ₹712 crore in February 2025, up from ₹662 crore in the same month last year.
Property Registrations and Stamp Duty Trends
While the annual increase in property registrations was marginal, the month-on-month (MoM) growth was more significant. Compared to January 2025, when 17,449 properties were registered, February saw a 12% increase in registrations. Stamp duty collections also rose from ₹638 crore in January 2025 to ₹712 crore in February, indicating continued demand in Pune’s housing market.
The data, compiled by real estate consultancy firm Knight Frank India, reflects a steady trend in property transactions in Pune, driven by increasing buyer interest in premium and spacious housing.
Market Stability and Buyer Confidence
According to Knight Frank India, Pune’s real estate market remains resilient, with sustained buyer confidence supporting ongoing transactions.
Pune’s property market has remained steady, with 19,012 registrations recorded in February 2025. The demand for high-value homes, particularly those priced above ₹1 crore, has grown significantly, highlighting strong buyer confidence in the premium housing segment. Additionally, larger homes continue to attract interest, supported by evolving lifestyle preferences and affordability, as infrastructure upgrades continue in the city, the report stated.
Rising Demand for Premium Housing
A key trend observed in Pune’s property market is the growing preference for high-value homes. Properties priced above ₹1 crore accounted for 16% of all transactions in February 2025, up from 14% in February 2024. This shift indicates a rising demand for premium housing options in the city.
Additionally, the demand for larger apartments has increased significantly. The share of units exceeding 800 sq ft rose from 24% in February 2024 to 32% in February 2025. This trend suggests that homebuyers continue to prioritize spacious homes, a preference that has strengthened in the post-pandemic era.
Residential Market Distribution in Pune
In terms of residential transactions, Central Pune—including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC)—accounted for the majority of sales, contributing 76% of the market share in February 2025.
However, this represented a slight decline from the previous year, as homebuyer interest expanded to emerging residential hubs in other parts of the Pune district.
West Pune, including areas such as Mawal, Mulshi, and Velhe, held the second-largest share at 12%, followed by North, South, and East Pune, which collectively contributed 11% of total property transactions.
Key Factors Influencing Pune’s Housing Market
Several factors have contributed to the stability of Pune’s real estate market in recent months:
- Infrastructure Development: Ongoing road and metro projects, along with improved connectivity in various parts of the city, continue to attract homebuyers.
- Preference for Larger Homes: The increase in demand for homes above 800 sq ft indicates a long-term shift in buyer priorities post-pandemic.
- Stable Interest Rates: Home loan rates remain relatively stable, supporting affordability and continued demand in the market.
- Premium Housing Demand: The rise in high-value home purchases reflects changing consumer preferences towards better amenities and premium lifestyle offerings.
While property registrations remained largely flat in February 2025, the steady increase in stamp duty collections and rising demand for premium housing indicate a healthy real estate market in Pune.
Industry experts anticipate continued interest in high-value and larger homes, particularly in areas undergoing infrastructure upgrades. Emerging residential pockets beyond Central Pune are also expected to attract more buyers as new developments cater to evolving homebuyer needs. Overall, Pune’s housing market continues to demonstrate resilience, with stable transaction volumes and sustained buyer confidence shaping the city’s real estate landscape.
