Pune’s property market continues to show quiet strength, even as the year moves past its festive peak. According to the latest data from Knight Frank India, the city recorded 14,234 property registrations in November 2025, reinforcing its position as one of India’s most consistent residential markets.
These registrations added over INR 565 crore to the Maharashtra government’s stamp duty collections in a single month. Compared to November last year, registrations rose by 6 percent, while revenue from stamp duty jumped by a sharper 19 percent. On a month-on-month basis, November also performed better than October, with registrations up 12 percent and stamp duty collections rising 7 percent.
What stands out is not just the monthly performance, but the bigger picture. From January to November 2025, Pune recorded 173,578 property registrations. This marks the highest number of registrations and stamp duty collections for the first eleven months of a year in the past four years, pointing to a market that is growing steadily rather than overheating.
While activity has cooled slightly after the festive rush earlier in the year, demand has remained stable across buyer segments. Homes priced up to INR 1 crore continue to dominate Pune’s housing market, accounting for nearly 85 percent of all registrations in November. This highlights the city’s strong base of end-users, especially middle-income families and first-time buyers. Properties priced above INR 1 crore held a steady 15 percent share, showing that premium housing demand has not weakened either.
Homebuyers’ preferences for apartment sizes have also remained largely unchanged. Compact homes below 500 square feet saw a marginal dip in share, from 25 percent last year to 24 percent in November 2025. Apartments sized between 500 and 800 square feet continue to be the most popular choice, making up 46 percent of all registrations. Larger homes above 800 square feet maintained a healthy 29 percent share, reflecting sustained interest in spacious living, especially among families upgrading their homes.
Location-wise, Central Pune once again emerged as the heart of residential activity. Areas falling under Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC) together accounted for 66 percent of all transactions in November. These regions continue to attract buyers due to better infrastructure, employment hubs, schools, and healthcare facilities.
West Pune, which includes areas such as Mawal, Mulshi, and Velhe, followed with a 15 percent share. These locations have gained popularity for their relatively lower density, greener surroundings, and improving connectivity. The remaining 18 percent of transactions were spread across North, South, and East Pune, indicating a fairly balanced spread of demand across the city.
Commenting on the performance, Shishir Baijal, Chairman and Managing Director of Knight Frank India, said that Pune’s housing market has maintained steady momentum throughout 2025. He noted that crossing 14,200 registrations in November and achieving over INR 560 crore in stamp duty collections underlines the depth of end-user demand. According to him, even though activity has moderated after the festive season, the market remains resilient and well-balanced.
Baijal added that with year-to-date registrations and revenues reaching a four-year high, Pune’s residential market continues to show sustainable growth. Demand remains broad-based, cutting across budget segments, apartment sizes, and micro-markets.
The November numbers suggest that Pune’s real estate story is not driven by short-term spikes, but by consistent buyer confidence. With stable demand, balanced price segments, and strong contributions to state revenue, the city’s housing market appears well-positioned as it heads into the final month of the year.
