Pune records 14,622 property registrations in July 2025; collects over INR 648 crores in stamp duty revenue: Knight Frank India
Pune, 20th August, 2025: Knight Frank India, in its latest report, noted that property registrations in Pune rose 6% year-on-year (YoY) to 14,622 July 2025, generating INR 648 crore in stamp duty revenue in the month. Stamp duty collections increased by 24% YoY in July 2025.
Property registrations and Stamp duty collection
| Year | Month | Total Registration | Stamp Duty Collection
(INR Cr) |
| 2024 | July | 13,731 | 521 |
| 2024 | August | 13,645 | 599 |
| 2024 | September | 11,056 | 508 |
| 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 | 24,495 | 960 |
| 2025 | April | 14,421 | 547 |
| 2025 | May | 12,037 | 426 |
| 2025 | June | 16,792 | 643 |
| 2025 | July | 14,622 | 648 |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
Property registration and Stamp duty collection
| Period | Registrations (Units) | Stamp duty collection (INR cr) | |||
| July-24 | 13,731 | 521 | |||
| July-25 | 14,622 | 648 | |||
| YoY Change | 6% | 24% |
A year-to-date (YTD) assessment reveals that Pune’s property market remained stable in terms of number of property registrations, recording its highest property registration volume as well as stamp duty collections for a comparable period in the past four years. Compared to the same period last year, property registrations rose by 15% while stamp duty collections saw a 20% increase.
Property registration and Stamp duty collection
| Period (Jan-Jul) | Registrations (Units) | Revenue (INR cr) |
| 2022 | 83,680 | 2,792 |
| 2023 | 78,002 | 2,803 |
| 2024 | 113,711 | 4,144 |
| 2025 | 130,860 | 4,983 |
| YoY Change | 15% | 20% |
| Demand rises across segments in July 2025 |
The share of homes priced above INR 1 crore rose from 14% in July 2024 to 16% in July 2025, highlighting growing interest in premium housing. However, with properties priced up to INR 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.
Share of ticket size for residential property transactions
| Ticket size | Share in July 2024 | Share in July 2025 | |||
| Under INR 25 lakhs | 29% | 28% | |||
| INR 25 – 50 lakhs | 30% | 28% | |||
| INR 50 lakhs – 1 Cr | 27% | 27% | |||
| INR 1 Cr – 2.5 Cr | 12% | 14% | |||
| 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 held onto its growth streak in July 2025, with property registrations rising 6% YoY and stamp duty collections jumping 24% over last year. Strong market fundamentals, backed by steady demand in the mid to high-value categories and preference for larger apartments, continue to drive activity.”
| Higher demand for larger apartments sustains |
The demand for larger apartments remains strong, with the share of units exceeding 800 sq ft rising from 31% in July 2024 to 33% in July 2025. This trend underscores the continued preference for spacious homes in the post-pandemic era.
Share of area for residential property transactions
| Area in sq ft | Share in July 2024 | Share in July 2025 | |||
| Under 500 | 23% | 23% | |||
| 500-800 | 46% | 44% | |||
| 800-1000 | 13% | 14% | |||
| 1000- 2000 | 15% | 16% | |||
| Over 2000 | 2% | 3% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Central Pune contributed 76% of residential transactions in July 2025 |
In July 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 76% 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 15%, while North, South, and East Pune collectively contributed 9% of transactions during the same period.
Share of micro markets for residential property transactions
| Micro market | Share in July 2024 | Share in July 2025 | |||
| North | 6% | 4% | |||
| South | 3% | 4% | |||
| East | 1% | 1% | |||
| West | 13% | 15% | |||
| Central | 77% | 76% |
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)) | ||