Pune Property Market Sees Robust Activity in April 2025 with 14,421 Registrations
Pune's real estate market witnessed 14,421 property transactions in April 2025, generating Rs 547 crore in stamp duty revenue. Despite a slight year-on-year (YoY) increase in registrations, stamp duty collections saw a marginal decline.
Pune Real EstateProperty TransactionsStamp DutyHousing MarketResidential DemandReal Estate PuneMay 16, 2025
The report highlighted that both property registrations and stamp duty collections in Pune fell by 43% on a month-on-month (MoM) basis. 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. Further, 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%, while stamp duty collections saw an 8% increase.
Demand Rises Across Segments in April 2025
The share of homes priced above Rs 1 crore rose from 14% in April 2024 to 16% in April 2025, highlighting growing interest in premium housing. However, with properties priced up to Rs 1 crore still accounting for the overwhelming majority at 83%, the overall demand remains largely anchored in the up to 1 crore segment, indicating a market that is expanding at the top while staying broad-based at its core.
Higher Demand for Larger Apartments Sustains
The demand for larger apartments remains strong, with the share of units exceeding 800 sqft rising from 31% in April 2024 to 33% 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.”
Central Pune Contributed 76% of Residential Transactions in Apr 2025
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% 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%, while North, South, and East Pune collectively contributed 10% of transactions during the same period.
Frequently Asked Questions
What was the total number of property transactions in Pune in April 2025?
Pune recorded 14,421 property transactions in April 2025.
How much stamp duty revenue was generated in April 2025?
Pune generated Rs 547 crore in stamp duty revenue in April 2025.
What was the year-on-year (YoY) change in property registrations?
Property registrations saw a slight year-on-year (YoY) increase of 1%.
Why did stamp duty collections decline year-on-year?
The decline in stamp duty revenue is primarily attributed to a higher share of registrations in lower ticket-size segments.
Which area of Pune contributed the most to residential transactions in April 2025?
Central Pune, including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), contributed 75% of residential transactions in April 2025.
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