Pune’s residential real estate market is undergoing a structural transformation, with housing demand running ahead of supply and premium segments driving growth, according to the Pune Housing Report 2025 launched by CREDAI Pune in association with CRE Matrix.
In 2025, Pune recorded 81,000 apartment registrations valued at over ₹63,000 crore, compared to 64,000 new launches. This represents a 19% increase in units sold and a 71% rise in transaction value since 2021, underscoring the city’s evolution from a volume-driven affordable housing market to a value-driven premium cycle.
Premium Segment Growth:
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Over 14,000 homes sold in the ₹1–2 crore range and 3,300 homes above ₹2 crore, reflecting fourfold and threefold growth respectively since 2021.
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The average home value rose to ₹78 lakh, up 44% in five years, driven by larger sizes and higher per-square-foot values.
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Despite premiumization, Pune remains India’s most affordable major metro, with average prices well below Mumbai (₹2.24 crore), Bengaluru (₹1.71 crore), and Hyderabad (₹1.98 crore).
Shifts in Buyer Preferences: Nearly 78% of homes sold were priced below ₹1 crore, but demand in sub-₹50 lakh and sub-₹75 lakh categories has moderated. Larger homes are gaining traction, with 3–4 BHK units rising from 20% to 29% of launches, while 1 BHK units declined from 18% to 11%. Average unit sizes of new launches have grown 17% in five years.
Supply-Side Trends: Regulatory delays in 2025 temporarily slowed new launches, yet Pune continues to lead India in MahaRERA registrations, with over 1,000 new projects annually since 2021. Developer confidence remains strong, supported by robust demand and infrastructure growth.
Industry Voices:
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Manish Jain, President, CREDAI Pune, said: “Pune’s appeal lies in its affordability, pleasant climate, and strong employment ecosystem. With upcoming projects like the Ring Road and Navi Mumbai International Airport, the city’s long-term prospects remain bright.”
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Abhishek Kiran Gupta, CEO, CRE Matrix, added: “Pune’s housing market reflects rising prosperity and maturing consumer preferences. While volumes have moderated, transaction values remain resilient, highlighting the strength of demand.”
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Rahul Ajmera, Developer & Data Expert, noted: “Developer strategies are shifting toward larger homes and retail spaces, reflecting evolving urban needs and sustained execution momentum.”
Overall, Pune has cemented its position as India’s number-one city for housing sales, balancing affordability with aspirational living, and is poised to remain a key driver of the country’s residential real estate growth over the coming decade.
