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Pune’s real estate market continues to shine, with property registrations in September 2025 rising sharply by 23% compared to the same month last year. According to data from the Maharashtra Inspector General of Registration (IGR), the city recorded 13,557 property transactions this September, up from 11,056 in September 2024. Stamp duty collections also reflected this momentum, increasing by 3% year-on-year to ?523 crore from ?508 crore a year ago.
The city’s performance wasn’t just strong compared to last year—it also showed progress over the previous month. Registrations were up by over 2% from August 2025’s total of 13,253, while stamp duty collections jumped nearly 8%, from ?485 crore in August to ?523 crore in September.
A report by real estate consultancy Knight Frank India attributes this strong performance partly to this year’s festive calendar. In 2024, the inauspicious Shraddh period (September 17–October 2) had subdued home-buying activity, pushing sales to later months. This year, however, Shraddh fell earlier (September 7–21), followed immediately by the start of Navratri on September 22. The timing encouraged more buyers to complete property registrations in September, taking advantage of festive discounts and auspicious dates.
Strongest Nine-Month Run in Four Years
Knight Frank’s report highlights that Pune’s property market has shown consistent resilience through 2025. In the first nine months of the year, the city recorded its highest property registrations and stamp duty revenues in four years.
From January to September 2025, Pune registered over 1.45 lakh properties, compared to 1.38 lakh in the same period last year. Stamp duty collections crossed ?5,500 crore during this period—up from ?5,200 crore in 2024—marking a 6% growth in revenue.
These numbers signal a healthy market, where buyer demand has stayed strong despite rising home prices and interest rates. Knight Frank noted a 5% increase in property registrations and a 6% increase in revenue collections on a year-to-date basis.
Affordable Homes Continue to Drive Demand
Most homebuyers in Pune are still choosing properties priced under ?1 crore. These homes account for roughly 85% of all registrations, showing that affordable housing continues to be the city’s backbone.
However, there is a gradual rise in the premium segment. Homes priced above ?1 crore made up 15% of registrations this September, compared to 14% in the same month last year. This small but steady increase indicates growing interest among higher-income buyers and professionals seeking larger or better-located homes.
Knight Frank India’s Chairman and Managing Director, Shishir Baijal, noted that Pune’s housing market is operating at “sustainable volumes,” reflecting maturity and long-term buyer confidence. He added, “The 23% YoY increase in registrations in September reflects how the shift in the festive calendar has further supported buyer activity. Revenue collections of ?523 crore remained strong, reinforcing the steady demand seen throughout the year.”
Central Pune Leads, But Emerging Areas Catch Up
Geographically, Central Pune remains the hub of residential activity, contributing 61% of all transactions in September 2025. This region includes the Pune Municipal Corporation (PMC), Pimpri Chinchwad Municipal Corporation (PCMC), and Haveli Taluka—areas that have long been homebuyer favorites due to proximity to employment hubs, schools, and urban infrastructure.
However, its share has slightly declined compared to last year, hinting at changing buyer patterns. As infrastructure expands and housing becomes costlier in core city zones, many buyers are exploring newer developments in the city’s outskirts.
West Pune—including Mawal, Mulshi, and Velhe—held the second-largest market share at 17%, while North, South, and East Pune together contributed the remaining 22%. These growing areas are benefiting from improved connectivity and the availability of larger homes at more affordable prices.
A Market on Solid Ground
The consistent rise in registrations and revenues throughout 2025 points to a robust and balanced property market in Pune. While the festive season provided a timely push, the broader story is one of sustained confidence—buyers are returning, developers are adapting, and the city continues to evolve as one of India’s most active housing markets.
Pune’s real estate scene, built on affordability and stability, appears set to maintain its steady rhythm well into the new year.
