Pune Sees 14,421 Property Registrations in April 2025, Generating Rs 547 Crore in Stamp Duty

Pune's real estate market recorded 14,421 property transactions in April 2025, generating Rs 547 crore in stamp duty revenue, according to the latest Knight Frank India report. Despite a slight year-on-year increase in registrations, stamp duty collections dipped marginally.

Real EstateProperty TransactionsStamp DutyPuneKnight Frank IndiaReal Estate NewsMay 16, 2025

Pune Sees 14,421 Property Registrations in April 2025, Generating Rs 547 Crore in Stamp Duty

Real Estate News:May 16, 2025: Pune’s real estate market registered 14,421 property transactions in April 2025, generating Rs 547 crore in stamp duty revenue. This is a slight year-on-year (YoY) increase of 1% in property transactions compared to 14,244 in April 2024. However, stamp duty collections saw a marginal dip of 3% YoY during the same period. The decline in stamp duty revenue is primarily attributed to a higher share of registrations in lower ticket-size segments. The report highlighted that both property registrations and stamp duty collections in Pune fell by 43% on a month-on-month (MoM) basis. This trend appears to be cyclical, as historical data indicates that March typically records strong activity, while April tends to show a relative slowdown. 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? A: Pune recorded 14,421 property transactions in April 2025. Q: How much stamp duty revenue was generated in April 2025? A: Pune generated Rs 547 crore in stamp duty revenue in April 2025. Q: What was the year-on-year change in property transactions? A: Property transactions saw a slight year-on-year increase of 1%. Q: Why did stamp duty collections decline in April 2025? A: The decline in stamp duty revenue is primarily attributed to a higher share of registrations in lower ticket-size segments. Q: What percentage of residential transactions were in Central Pune in April 2025? A: Central Pune, including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), accounted for 75% of residential transactions in April 2025.

Answer not available

Tags:

Related News Articles

Real Estate

Market Update: Nifty and Sensex Slip

Domestic blue-chip indices Nifty50 and Sensex closed subdued on Tuesday

May 28, 2024

Read Article

Real Estate

Building Affordable Housing: Expert Insights for Union Budget 2024

Strengthening RERA and digital platforms can foster trust and transparency in property transactions, while reinstating PMAY CLSS can make housing more affordable for EWS and LIG sectors.

July 18, 2024

Read Article

Real Estate

Credai Nagpur's Annual Property Expo: A Showcase of Luxury and Affordable Homes

Get ready to explore the best of Nagpur's real estate market at Credai's annual property expo, featuring properties ranging from ₹15 lakh to ₹5 crore.

August 24, 2024

Read Article

Real Estate Pune

Shriram Properties Aims to Double Sales and Triple Revenue by 2027

Shriram Properties Ltd plans to focus on mid-segments, launch new projects in Pune and Chennai, and commit investments of Rs 2,000 crore to achieve its ambitious targets.

August 30, 2024

Read Article

Real Estate Maharashtra

Miracle Escape: Bus Catches Fire on Highway in Maharashtra, Passengers Unhurt

A terrifying incident occurred on the Pune-Satara highway in Maharashtra when a state transport bus caught fire, but fortunately, all passengers escaped unharmed.

September 10, 2024

Read Article

real estate news

Nuvoco Vistas Corp Wins Bid for Vadraj Cement: A Strategic Move in the Real Estate Sector

Nuvoco Vistas Corp has secured a significant victory by emerging as the successful applicant for Vadraj Cement. This strategic acquisition is set to bolster Nuvoco's position in the real estate and construction industry.

January 6, 2025

Read Article