Neel AcharyPune, 27th October, 2025: Knight Frank India, in its latest assessment, reported that Pune’s real estate market recorded 13,557 property registrations in September 2025, contributing INR 523 cr in stamp duty revenue. Property registrations rose by 23% year-on-year (YoY), while stamp duty collections increased 3% YoY in the same period. On a month-on-month (MoM) basis property registrations increased by 2% and stamp duty collections rose by 8% highlighting the city’s steady housing demand.
The increase in registrations can be attributed to the shifting festive calendar. Last year, property activity was subdued during the inauspicious Shraddh period (September 17 -October 2, 2024), whereas this year it occurred earlier (September 7–21, 2025). This effect was offset by Navratri, which began on September 22 and continued till October 2, 2025, unlike last year when it was observed later (October 3 to 12, 2024).
On a year-to-date (YTD) basis, Pune’s property market has remained resilient, achieving the highest property registrations and stamp duty collections for the first nine months of the year in the past four years. Compared to the same period last year, property registrations and stamp duty revenues saw a 5% and 6% increase respectively.
The share of homes priced above INR 1 cr increased marginally from 14% in September 2024 to 15% in September 2025. Meanwhile, properties priced up to INR 1 cr remained stable with 85% share. Demand remains firmly concentrated below the INR 1 cr mark, suggesting that while the top end is expanding, the market’s foundation continue to be broad-based.
Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “Pune’s housing market continues to display sustained momentum this year. The 23% YoY increase in registrations in September reflects how the shift in the festive calendar has further supported buyer activity. Revenue collections of INR 523 cr remained strong, reinforcing the steady demand seen through the year. What we are witnessing is a market operating at sustainable volumes, signalling growing maturity and enduring confidence among homebuyers.”
The demand for larger homes has held steady, with the share of apartments above 800 sq ft inching up from 26% in September 2024 to 29% a year later. At the same time, demand at the other end of the spectrum dipped in September, as share of units under 500 sq ft declined from 35% to 31% over the same period.
In September 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 61% of the market. However, this represented a decline from the previous year as emerging developments in other parts of the city catered to evolving homebuyer preferences. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 17%, while North, South, and East Pune collectively contributed 22% of transactions during the same period.
