Pune's Real Estate Market Surges 23% in Property Deals This September
Pune, 29th October 2025: The festive season has sparked a significant surge in Pune’s real estate market, with the city recording 13,557 property transactions in September 2025 — a 23% jump compared to the same month last year.
According to the latest report by Knight Frank India, which covers Pune, Pimpri-Chinchwad, and nearby areas, the government collected ₹523 crore in stamp duty from these transactions. In September 2024, 11,056 property deals had generated ₹508 crore in stamp duty revenue.
The spike this year is attributed to the earlier occurrence of Pitru Paksha, traditionally considered inauspicious for new purchases. Last year, Pitru Paksha fell between September 17 and October 2, delaying festive buying. This year, it was observed earlier — from September 7 to 21 — followed immediately by the Navratri festival (September 22 to October 2). As a result, festive home purchases began in September itself, driving up transaction numbers.
Between January and September 2025, Pune registered 1,45,651 property transactions, compared to 1,38,412 during the same period last year — a 5% increase. Stamp duty collections during the first nine months of 2025 stood at ₹5,583 crore, up 6% from ₹5,253 crore last year.
Affordable homes continue to lead market demand. The Knight Frank report highlights that 59% of all property transactions in September were for homes priced up to ₹50 lakh. Of these, 30% were for properties below ₹25 lakh, and 29% for homes in the ₹25–50 lakh range.
Meanwhile, 16% of deals were for homes priced between ₹50 lakh and ₹1 crore, 12% for homes in the ₹1–2.5 crore bracket, 2% for those priced between ₹2.5–5 crore, and less than 1% for luxury properties above ₹5 crore.
Experts say the festive sentiment, coupled with steady demand for affordable homes and attractive home loan offers, has kept Pune’s housing market buoyant.
