Pune's Housing Market Surges: Property Registrations and Stamp Duty Revenues Climb in November

The residential real estate market in Pune has been remarkably active, with over 14,000 property registrations recorded in November 2025. According to data from the Inspector General of Registration (IGR), the city generated more than ₹565 crore in stamp duty revenue. This data was accessed by Knight Frank India, a leading real estate consultancy firm.

The city recorded 14,234 registrations in November 2025, marking a year-on-year growth of 6% compared to 13,371 units in November 2024. The stamp duty collections also increased by 19% from ₹475 crore to ₹565 crore during the same period. Month-on-month comparisons showed a 12% increase in registrations and a 7% rise in revenue, indicating steady buyer interest even during the off-peak season.

From January to November 2025, Pune has seen the registration of 1,73,578 property transactions, surpassing the 1,72,677 units recorded during the same period in 2024. Shishir Baijal, the Chairman and Managing Director of Knight Frank India, stated, 'Pune's housing market has been on the rise throughout 2025. The number of registrations in November exceeded 14,200, with stamp duty collections surpassing ₹560 crore, clearly indicating strong end-user demand.'

Mid-segment homes are driving market activity, with properties priced up to ₹1 crore accounting for 85% of the registrations. Properties priced above ₹1 crore made up 15% of the registrations, while transactions exceeding ₹5 crore were less than 1%. This highlights the growing popularity of mid- and affordable housing segments, while luxury housing has maintained steady interest.

In terms of unit sizes, the 500-800 sq ft range was the most popular, accounting for 46% of the registrations. Units over 800 sq ft represented 29%, while smaller units under 500 sq ft slightly decreased from 25% to 24%. Units in the 800-1,000 sq ft range increased from 13% to 14%, and units between 1,000-2,000 sq ft decreased slightly from 13% to 12%. Ultra-large units over 2,000 sq ft remained at 3%.

Geographically, Central Pune, comprising areas under Haveli taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), was the largest contributor with 66% of the registrations in November. West Pune, including areas of Mawal, Mulshi, and Velhe, accounted for 15% of the registrations, while North, South, and East Pune combined contributed the remaining 18%.

Mr. Baijal added, 'The market is strong and balanced, with demand spread across various micro-markets and price segments.' The real estate experts attribute Pune's strong property performance to urban migration, a booming IT and industrial sector, and increased investor confidence in residential projects. Developers are focusing on mid-sized apartments and affordable housing to meet the needs of end-users and first-time buyers.

Changes in city planning, such as new metro lines, improved road connectivity, and the development of commercial areas, are attracting buyers to micro-markets like West and North Pune. Lifestyle amenities, including good schools, hospitals, shopping centers, and parks, are key factors influencing buyers' decisions.

The festive season, which was earlier in the year, has been cited by Knight Frank India as a significant driver of the market activity. Market analysts predict that Pune's real estate activities will remain consistent in the first quarter of 2026. With minimal inventory in prime micro-markets and steady end-user demand, registration volumes and stamp duty collections are expected to continue growing.

Pune continues to attract buyers despite seasonal fluctuations, with a focus on reasonably priced and strategically located residential properties. 2025 is shaping up to be one of the strongest years in recent history in terms of transaction volumes and revenue for the city, according to Mr. Baijal.