Pune Real Estate Market Sees 17% YoY Drop in Property Registrations in January 2026

Property registrations in Pune's real estate market experienced a 17% Year-On-Year (YoY) decline in January 2026, dropping to 14,527 from 17,449 during the same period last year. According to data from the Inspector General of Registration and Controller of Stamps, Maharashtra, stamp duty collections also fell by 5% to ₹609 crore in January 2026, compared to ₹638 crore in January 2025.

On a month-on-month (MoM) basis, both property registrations and stamp duty collections showed an increase. In December 2025, the Pune real estate market recorded 12,079 property registrations, and stamp duty collection stood at ₹444 crore, as per a Knight Frank India report.

Demand has shifted towards higher-value homes. Properties priced up to ₹1 crore continued to dominate the market, with their combined share moderating to 82% in January 2026. However, the distribution of ticket sizes indicates a trend towards more expensive homes. The ₹50 lakh – ₹1 crore and ₹1 crore – ₹2.5 crore categories gained traction, with their shares rising to 29% and 14%, respectively.

Pune’s residential market has started 2026 on a measured note, with over 14,500 property registrations and ₹609 crore in stamp duty collections in January. While registrations moderated YoY, the relatively lower decline in revenue reflects continued momentum in higher ticket-size transactions. On a sequential basis, the sharp rebound in both registrations and collections signals renewed buying activity after the year-end slowdown, said Shishir Baijal, International Partner, Chairman, and Managing Director, Knight Frank India.

The shift towards mid and premium segments, along with steady demand for larger homes, indicates that end-user confidence remains intact even as volumes normalize from last year’s elevated base, Baijal added.

The distribution of home sizes in January 2026 remained largely steady, with minor shifts across segments. The share of units under 500 sq ft declined from 26% in January 2025 to 23%. The 500–800 sq ft category continued to dominate the market, inching up from 45% in January 2025 to 46% in January 2026.

Homes with larger configurations saw a modest rise, with both the 800–1,000 sq ft and 1,000–2,000 sq ft segments increasing by one percentage point each to 14%. The share of homes above 2,000 sq ft remained stable at 3%. Overall, demand patterns indicate stability, with a slight inclination towards larger unit sizes.

In January 2026, Central Pune, which includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 67% of the market. West Pune, including Mawal, Mulshi, and Velhe, held the second-largest share at 16%, while North, South, and East Pune collectively accounted for 16% of transactions during the same period.