Pune’s real estate market may have seen a quieter October this year, but beneath the surface, the city’s housing demand continues to show remarkable steadiness. Knight Frank India’s latest report reveals that Pune recorded 12,693 property registrations in October 2025, with stamp duty collections touching Rs. 527 crore. While registrations fell 39% compared to last year, and revenue dipped 30%, the numbers tell a more nuanced story of timing, not weakness.
In 2024, the city witnessed a surge in festive home buying, driven by the overlapping celebrations of Navratri (October 3 - 11) and Diwali (November 1). This year, however, the festive cheer arrived earlier, Navratri fell between September 22 and October 1, causing much of the seasonal home-buying activity to shift to September. With Diwali on October 20, the month retained some momentum, but not the same spike seen the previous year.
Yet, despite this shift, October’s registration volume comfortably stayed above the 12,000 mark, showing that Pune’s housing market continues to operate on a strong, stable foundation. Month-on-month, registrations were down 6%, but stamp duty collections inched up 0.7%, reflecting steady value in transactions even as overall volumes softened.
Strongest Year-to-Date Performance in Four Years
Looking beyond the month’s fluctuations, 2025 has been a standout year for Pune’s property market. Knight Frank noted that the city achieved the highest property registrations and stamp duty collections for the first ten months of the year in the past four years, a sign of consistent growth and enduring confidence among homebuyers.
“Pune’s housing market has held its ground firmly through 2025,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India. “October’s numbers were lower than last year’s festive-inflated base, yet the city crossed 12,600 registrations and generated over Rs. 500 crore in revenue, pointing to steady underlying demand. Much of the festive buying shifted to September, but activity in October stayed within a healthy range.”
Baijal added that with year-to-date registrations and revenues at record levels, the market reflects “a more consistent, broad-based, and confident” home-buying environment, one that’s maturing beyond short-term festival highs.
Mid and Affordable Homes Continue to Lead
The distribution of sales across price segments remained strikingly consistent compared to last year. Homes priced up to Rs. 1 crore continued to dominate with an 85% share, showing that mid-income and affordable housing remain the backbone of Pune’s property market.
Meanwhile, the higher-end segment (above Rs. 1 crore) maintained a 15% share, modest but significant, indicating that while premium demand is expanding, the market remains rooted in broader affordability. The balance between the two ends suggests a resilient ecosystem, catering to both steady end-user demand and a rising aspirational class.
Subtle Shifts in Apartment Sizes
Pune’s homebuyers are showing stable preferences in terms of apartment sizes too. Units below 500 sq. ft rose marginally from 22% to 23%, while the 500–800 sq. ft category remained unchanged at 46%, reinforcing the city’s comfort zone in mid-sized homes. Properties above 800 sq. ft saw a slight dip from 32% to 30%, hinting that while the appetite for larger homes persists, it may have plateaued as affordability becomes a greater concern amid rising interest rates and construction costs.
This subtle shift underscores how Pune’s buyers are optimizing choices—balancing comfort, location, and budget rather than chasing pure size.
Central Pune Dominates, But Peripheries Gain Ground
When it comes to geography, Central Pune, covering Haveli Taluka, the Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), remains the hub of housing activity, accounting for 64% of total registrations in October 2025. However, this marks a decline from last year, suggesting that new growth corridors around the city are beginning to attract more buyers.
West Pune, which includes areas such as Mawal, Mulshi, and Velhe, took the second spot with 14% of transactions. The remaining 22% came from North, South, and East Pune, highlighting how demand is gradually spreading across the metropolitan region as new projects and improved connectivity draw homebuyers beyond traditional city limits.
A Market That’s Settled Into Stability
Pune’s October numbers reflect not a slowdown, but a realignment. The city’s housing market has evolved into a stable, mature ecosystem where demand isn’t merely dictated by festival timings but by sustained end-user confidence.
