Pune Real Estate: Property Registrations Down 3% to 11,930 Units in May 2025
Pune's real estate market saw a 3% drop in property registrations to 11,930 units in May 2025, with stamp duty collections falling by 4% to ₹421 crore. Despite this, the market remains robust year-to-date.
Pune Real EstateProperty RegistrationsStamp DutyResidential MarketReal Estate MarketReal Estate PuneJun 27, 2025
On a month-on-month (MoM) basis, the decline was even steeper, with registrations falling 17% from 14,421 units in April and stamp duty collections dropping by 23% from ₹547 crore. This marked the lowest monthly registration volume since October 2024, reflecting a possible temporary pause in transaction momentum, as noted by Knight Frank India.
Despite the slowdown in May, Pune's property market has delivered its strongest performance in the first five months of the year since 2021. From January to May 2025, the city recorded over 99,300 property registrations, representing a 16% increase over the same period last year. Stamp duty collections also surged by 20% year-on-year, indicating higher-value transactions and stronger compliance.
In May 2025, Pune’s residential market recorded a 3% year-on-year decline in property registrations, primarily due to slower momentum in the ₹1–5 crore price segment. However, on a year-to-date basis, the market remains on a strong footing—registrations rose 16% year-on-year to 99,339 units, just shy of the 1 lakh mark, while stamp duty collections surged 20% to ₹3,687 crore, according to Shishir Baijal, chairman and managing director of Knight Frank India.
Homes priced above ₹1 crore accounted for 19% of total registrations in May, up from 14% in May 2024. This shift signals rising demand among affluent buyers and a maturing market that is seeing traction at the top end. However, properties priced up to ₹1 crore still dominate, making up 81% of total registrations, underscoring the continued importance of affordability in Pune's housing market.
The share of units exceeding 800 sq ft rose from 31% in May 2024 to 32% in May 2025, indicating a continued preference for spacious homes in the post-pandemic era. In May 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 homebuyer 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, according to the Knight Frank analysis.
Frequently Asked Questions
What was the percentage decline in property registrations in Pune in May 2025 compared to May 2024?
Property registrations in Pune declined by 3% in May 2025 compared to May 2024.
How much did stamp duty collections decrease in May 2025 compared to May 2024?
Stamp duty collections decreased by 4% in May 2025 compared to May 2024.
What was the total number of property registrations in Pune from January to May 2025?
From January to May 2025, Pune recorded over 99,300 property registrations.
What percentage of property registrations in May 2025 were for homes priced above ₹1 crore?
Homes priced above ₹1 crore accounted for 19% of total registrations in May 2025.
Which part of Pune saw the highest share of residential transactions in May 2025?
Central Pune, including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), accounted for 75% of residential transactions in May 2025.
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