Pune records 19,000+ property registrations in February 2025, leading to a 12% MoM increase in revenue: Knight Frank India
Pune: Knight Frank India, in its latest report, highlighted that Pune’s real estate market recorded 19,012 property registrations in February 2025. On a yearly basis, registrations remained steady, with a modest 1% year-on-year (YoY) growth While on a month-on-month (MoM) analysis registrations increased by 9%. The city generated over INR 712 crores in stamp duty collections from property registrations in February 2025, marking a 7.6% YoY and 12% MoM rise. This increase in stamp duty revenue was driven by a higher share of transactions involving properties priced at INR 1 crore and above. Pune’s housing demand continues to be supported by ongoing infrastructure development, its relative affordability compared to other major cities, and strong homebuyer sentiment.
Property registrations, Value of property and Stamp duty collection
| Year | Month | Total Registration | Stamp Duty Collection(INR Cr) |
| 2024 | January | 17,786 | 589 |
| 2024 | February | 18,791 | 662 |
| 2024 | March | 22,189 | 822 |
| 2024 | April | 14,244 | 566 |
| 2024 | May | 12,280 | 440 |
| 2024 | June | 14,690 | 545 |
| 2024 | July | 13,731 | 521 |
| 2024 | August | 13,645 | 599 |
| 2024 | September | 11,056 | 508 |
| 2024 | October | 20,894 | 751 |
| 2024 | November | 13,371 | 475 |
| 2024 | December | 17,348 | 620 |
| 2025 | January | 17,449 | 638 |
| 2025 | February | 19,012 | 712 |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
Property registration and Stamp duty collection
| Period | Registrations (Units) | Stamp duty collection (INR cr) |
| Feb-24 | 18,791 | 662 |
| Feb-25 | 19,012 | 712 |
| YoY Change | 1% | 7.6% |
| Demand For Homes Priced INR 1 Cr and Above Surged in Feb 2025 |
The demand for homes priced above INR 1 crore and above has witnessed a significant rise, with this segment’s share increasing from 14% in February 2024 to 16% in February 2025. This shift highlights the growing preference for premium housing in Pune’s real estate market.
Share of ticket size for residential property transactions
| Ticket size | Share in Feb 2024 | Share in Feb 2025 |
| Under INR 25 lakhs | 22% | 22% |
| INR 25 – 50 lakhs | 30% | 30% |
| INR 50 lakhs – 1 Cr | 32% | 32% |
| INR 1 Cr – 2.5 Cr | 13% | 14% |
| INR 2.5 Cr – 5 Cr | 1% | 2% |
| Over 5 Cr | <=1% | <=1% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
Shishir Baijal, Chairman and Managing Director, Knight Frank Indiasaid,“Pune’s real estate market remained steady, with 19,012 property registrations recorded in February 2025. The growing demand for high-value homes, particularly those priced above INR 1 cr, highlights strong buyer confidence in the premium segment. Larger homes continue to attract interest, driven by evolving lifestyle preferences and affordability, supported by ongoing infrastructure upgrades. These trends reinforce Pune’s position as a resilient and attractive destination for homebuyers.”
| Higher Demand for Larger Apartments Sustains |
The demand for larger apartments remains strong, with the share of units exceeding 800 sq ft rising from 24% in February 2024 to 32% in February 2025. This trend underscores the continued preference for spacious homes in the post-pandemic era.
Share of area for residential property transactions
| Area in sq ft | Share in Feb 2024 | Share in Feb 2025 |
| Under 500 | 35% | 23% |
| 500-800 | 41% | 45% |
| 800-1000 | 11% | 15% |
| 1000- 2000 | 12% | 14% |
| Over 2000 | 1% | 3% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Central Pune Contributed 76% Of Residential Transactions in Feb 2025 |
In February 2025, Central Pune—including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC)—maintained its lead in residential transactions, accounting for 76% of the market. However, this represented a slight 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 12%, while North, South, and East Pune collectively contributed 11% of transactions during the same period.
Share of micro markets for residential property transactions
| Micro market | Share in Feb 2024 | Share in Feb 2025 |
| North | 5% | 6% |
| South | 3% | 4% |
| East | 2% | 1% |
| West | 12% | 12% |
| Central | 78% | 76% |
| Micro Markets | |
| Zone | Taluka |
| North | Junnar, Ambegaon, Khed |
| South | Bhor, Purandhar, Baramati, Indapur |
| East | Shirur, Daund |
| West | Mawal, Mulshi, Velhe |
| Central | Haveli, Pune city (Pune Municipal corporation (PMC) & Pimpri Chinchwad Municipal Corporation (PCMC)) |
