Pune, November 13, 2025: Knight Frank India, in its latest assessment, reported that Pune’s real estate market recorded 12,693 property registrations in October 2025, with stamp duty collections touching INR 527 cr. Registrations declined 39% Year-on-Year (YoY), while revenue collections fell 30%, largely due to a high base. October last year had seen a strong festive momentum driven by Navratri (3–11 Oct) and Diwali (1 Nov 2024). In contrast, this year’s festive activity was largely concentrated in September, with Navratri falling from September 22 to October 1, and only Diwali on October 20, contributing to October’s festive momentum. While lower than last year, numbers remained in a respectable range, holding above the 12,000 marks. On a month-on-month (MoM) basis, registrations were down 6% while stamp duty collections observed a modest 0.7% growth.
Property registration and Stamp duty collection
| Period | Registrations (Units) | Stamp duty collection (INR cr) |
| Oct-24 | 20,894 | 751 |
| Oct-25 | 12,693 | 527 |
| YoY Change | -39% | -30% |
Property registrations and Stamp duty collection
| Year | Month | Total Registration | Stamp Duty Collection
(INR Cr) |
| 2024 | October | 20,894 | 751 |
| 2024 | November | 13,371 | 475 |
| 2024 | December | 17,348 | 620 |
| 2025 | January | 17,449 | 638 |
| 2025 | February | 19,025 | 713 |
| 2025 | March | 25,495 | 960 |
| 2025 | April | 14,421 | 547 |
| 2025 | May | 12,037 | 426 |
| 2025 | June | 16,792 | 643 |
| 2025 | July | 14,622 | 648 |
| 2025 | August | 13,253 | 485 |
| 2025 | September | 13,557 | 523 |
| 2025 | October | 12,693 | 527 |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
On a year-to-date (YTD) basis, Pune’s property market has remained resilient, achieving the highest property registrations and stamp duty collections for the first ten months of the year in the past four years.
Property registration and Stamp duty collection
| Period (Jan-Oct) | Registrations (Units) | Revenue (INR cr) |
| 2022 | 112,008 | 3,827 |
| 2023 | 122,610 | 4,306 |
| 2024 | 159,306 | 6,004 |
| 2025 | 159,344 | 6,110 |
| YoY Change | 0% | 2% |
| Demand remains stable across segments in Oct 2025 |
The distribution of ticket sizes in October 2024 and October 2025 remained unchanged. Homes priced up to INR 1 cr continued to dominate with an 85% share, reflecting steady demand at the mid and affordable end. Segments above INR 1 cr hold their ground at 15%, suggesting that while the top end is expanding, the market’s foundation continue to be broad-based.
Share of ticket size for residential property transactions
| Ticket size | Share in Oct
2024 |
Share in Oct
2025 |
| Under INR 25 lakhs | 30% | 30% |
| INR 25 – 50 lakhs | 29% | 29% |
| INR 50 lakhs – 1 Cr | 26% | 26% |
| INR 1 Cr – 2.5 Cr | 12% | 12% |
| INR 2.5 Cr – 5 Cr | 2% | 2% |
| Over 5 Cr | <=1% | <=1% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “Pune’s housing market has held its ground firmly through 2025. October’s numbers were lower than last year’s festive-inflated base, yet the city crossed 12,600 registrations and generated over INR 500 crore in revenue, pointing to steady underlying demand. Much of the festive buying shifted to September this year, but activity in October stayed within a healthy range. With YTD registrations and revenue at their highest levels in four years, Pune continues to operate at stable, sustainable volumes, reflecting a market that has grown more consistent, broad-based, and confident.”
| Higher demand for larger apartments sustains |
The overall preference for home sizes has remained stable through the year. Units under 500 sq ft inched up from 22% to 23%, and the 500 to 800 sq ft category held steady at 46%. Homes above 800 sq ft saw a mild dip, slipping from 32% to 30%, indicating a steady but slightly softening pull toward larger configurations.
Share of area for residential property transactions
| Area in sq ft | Share in
Oct 2024 |
Share in
Oct 2025 |
| Under 500 | 22% | 23% |
| 500-800 | 46% | 46% |
| 800-1000 | 15% | 13% |
| 1000- 2000 | 14% | 14% |
| Over 2000 | 3% | 3% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Central Pune contributed 76% of residential transactions in Oct 2025 |
In October 2025, Central Pune which includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 64% of the market. However, this represented a 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 22% of transactions during the same period.
Share of micro markets for residential property transactions
| Micro market | Share in Oct 2024 | Share in Oct 2025 |
| North | 8% | 9% |
| South | 7% | 8% |
| East | 4% | 5% |
| West | 15% | 14% |
| Central | 66% | 64% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Micro Markets | |
| Zone | Taluka |
| North | Junnar, Ambegaon, Khed |
| South | Bhor, Purandhar, Baramati, Indapur |
| East | Shirur, Daund |
| West | Mawal, Mulshi, Velhe |
| Central | Haveli, Pune city (Pune Municipal corporation (PMC) & Pimpri Chinchwad Municipal Corporation (PCMC)) |
