{"id":20123,"date":"2025-03-02T22:07:40","date_gmt":"2025-03-02T16:37:40","guid":{"rendered":"https:\/\/timesofpowerandvoice.com\/?p=20123"},"modified":"2025-03-02T22:07:43","modified_gmt":"2025-03-02T16:37:43","slug":"pune-real-estate-market-maintains-status-quo-in-stamp-duty-collections-in-january-2025-knight-frank-india","status":"publish","type":"post","link":"https:\/\/timesofpowerandvoice.com\/?p=20123","title":{"rendered":"Pune real estate market maintains status quo in stamp duty collections in January 2025: Knight Frank India"},"content":{"rendered":"\n

Pune:<\/strong>\u00a0Knight Frank India in its latest assessment noted that Pune\u2019s real estate market-maintained status quo in stamp duty collections from property registrations in January 2025 on a year-on-year (YoY) basis. Pune recorded 16,330 property sale registrations generating INR 590 crores in stamp duty revenue.<\/p>\n\n\n\n

The number of properties registered in January 2025 recorded a decline of 8% YoY compared to January 2024, primarily due to a higher volume of property transactions during the festive season and in preceding months. Despite this, stamp duty collections remained stable, supported by a rise in share of properties worth INR 1 crore and above.<\/p>\n\n\n\n

Property registration and Stamp duty collection<\/strong><\/a><\/strong><\/p>\n\n\n\n

Period<\/strong><\/strong><\/td>Registrations (Units)<\/strong><\/strong><\/td>Stamp duty collection (INR cr)<\/strong><\/strong><\/td><\/tr>
Jan-24<\/td>17,786<\/td>589<\/td><\/tr>
Jan-25<\/td>16,330<\/td>590<\/td><\/tr>
YoY Change<\/strong><\/strong><\/td>-8%<\/strong><\/strong><\/td>0.1%<\/strong><\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Property registrations, Value of property and Stamp duty collection<\/strong><\/p>\n\n\n\n

Year<\/strong><\/strong><\/td>Month<\/strong><\/td>Total Registration<\/strong><\/td>Stamp Duty Collection<\/strong>(INR Cr)<\/strong><\/td><\/tr>
2024<\/td>January<\/td>17,786<\/td>589<\/td><\/tr>
2024<\/td>February<\/td>18,791<\/td>662<\/td><\/tr>
2024<\/td>March<\/td>22,189<\/td>822<\/td><\/tr>
2024<\/td>April<\/td>14,244<\/td>566<\/td><\/tr>
2024<\/td>May<\/td>12,280<\/td>440<\/td><\/tr>
2024<\/td>June<\/td>14,690<\/td>545<\/td><\/tr>
2024<\/td>July<\/td>13,731<\/td>521<\/td><\/tr>
2024<\/td>August<\/td>13,645<\/td>599<\/td><\/tr>
2024<\/td>September<\/td>11,056<\/td>508<\/td><\/tr>
2024<\/td>October<\/td>20,894<\/td>751<\/td><\/tr>
2024<\/td>November<\/td>13,371<\/td>475<\/td><\/tr>
2024<\/td>December<\/td>17,348<\/td>620<\/td><\/tr>
2025<\/td>January<\/td>16,330<\/td>590<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)<\/em><\/p>\n\n\n\n

Demand for homes priced INR 1 cr and above surged in <\/strong>January 2025<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The demand for homes priced above INR 1 crore has seen a notable increase. The share of this segment grew from 13% in January 2024 to 15% in January 2025, reflecting a trend towards premiumization in Pune’s housing market.<\/p>\n\n\n\n

Share of ticket size for residential property transactions<\/strong><\/p>\n\n\n\n

Ticket size<\/strong><\/strong><\/td>Share in Jan 2024<\/strong><\/td>Share in Jan 2025<\/strong><\/td><\/tr>
Under INR 25 lakhs <\/td>22%<\/td>24%<\/td><\/tr>
INR 25 \u2013 50 lakhs <\/td>32%<\/td>30%<\/td><\/tr>
INR 50 lakhs – 1 Cr <\/td>33%<\/td>31%<\/td><\/tr>
INR 1 Cr \u2013 2.5 Cr<\/td>12%<\/td>13%<\/td><\/tr>
INR 2.5 Cr \u2013 5 Cr<\/td>1%<\/td>2%<\/td><\/tr>
Over 5 Cr<\/td><=1%<\/td><=1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)<\/em><\/em><\/p>\n\n\n\n

Ticket size for residential property transactions<\/strong><\/p>\n\n\n\n

Ticket size<\/strong><\/strong><\/td>Share in Jan 2024<\/strong><\/td>Share in Jan 2025<\/strong><\/td><\/tr>
Under INR 25 lakhs <\/td> 2,088<\/td> 1,929<\/td><\/tr>
INR 25 \u2013 50 lakhs <\/td> 2,973<\/td> 2,434<\/td><\/tr>
INR 50 lakhs – 1 Cr <\/td> 3,066<\/td> 2,515<\/td><\/tr>
INR 1 Cr \u2013 2.5 Cr<\/td>1,022<\/td> 1,055<\/td><\/tr>
INR 2.5 Cr \u2013 5 Cr<\/td>113<\/td> 147<\/td><\/tr>
Over 5 Cr<\/td>30<\/td> 33<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/a><\/a>Shishir Baijal, Chairman and Managing Director, Knight Frank Indiasaid, \u201cPune recorded a moderation in property sale registrations in January 2025. However, demand for higher-value homes, particularly those priced above \u20b91 crore, continues to grow reflecting positive homebuyers\u2019 sentiment in the higher value segment. While evolving affordability dynamics and market adjustments have influenced transaction volumes in the lower and mid segment, likely reduction in home loan interest rate and robust employment in the city is expected to support the market going forward. Developers are adapting to shifting consumer preferences, ensuring a steady supply to meet demand.<\/em><\/strong>\u201d<\/p>\n\n\n\n

Higher demand for larger apartments sustains<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The preference for larger apartments continues, with the share of units larger than 800 sq ft increasing from 28% in January 2024 to 31% in January 2025. This trend reflects the sustained demand for spacious homes following the pandemic.<\/p>\n\n\n\n

Share of area for residential property transactions<\/strong><\/p>\n\n\n\n

Area in sq ft<\/strong><\/td>Share in <\/strong>Jan <\/strong>2024<\/strong><\/td>Share in <\/strong>Jan <\/strong>2025<\/strong><\/td><\/tr>
Under 500<\/td>25%<\/td>25%<\/td><\/tr>
500-800<\/td>47%<\/td>45%<\/td><\/tr>
800-1000<\/td>14%<\/td>14%<\/td><\/tr>
1000- 2000<\/td>12%<\/td>14%<\/td><\/tr>
Over 2000<\/td>2%<\/td>3%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)<\/em><\/p>\n\n\n\n

Central Pune contributed 80% of residential transactions in January 2025<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In January 2025, Central Pune\u2014including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC)\u2014 continued to dominate residential transactions, contributing 81% of the market. However, this marked a slight decline from the previous year, as new developments in other parts of the city began addressing Pune\u2019s evolving homebuyer preferences. West Pune, encompassing Mawal, Mulshi, and Velhe, held the second-largest share at 12%, while North, South, and East Pune collectively accounted for 7% of transactions during the same period.<\/p>\n\n\n\n

Share of micro markets for residential property transactions<\/strong><\/p>\n\n\n\n

Micro market<\/strong><\/td>Share in <\/strong>January <\/strong>2024<\/strong><\/strong><\/td>Share in <\/strong>January <\/strong>2025<\/strong><\/strong><\/td><\/tr>
North<\/td>5%<\/td>5%<\/td><\/tr>
South<\/td>3%<\/td>1%<\/td><\/tr>
East<\/td>1%<\/td>1%<\/td><\/tr>
West<\/td>8%<\/td>12%<\/td><\/tr>
Central<\/td>83%<\/td>81%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR<\/em><\/p>\n\n\n\n

Micro Markets<\/strong><\/strong><\/td><\/tr>
Zone<\/strong><\/td>Taluka<\/strong><\/td><\/tr>
North<\/td>Junnar, Ambegaon, Khed<\/td><\/tr>
South<\/td>Bhor, Purandhar, Baramati, Indapur<\/td><\/tr>
East<\/td>Shirur, Daund<\/td><\/tr>
West<\/td>Mawal, Mulshi, Velhe<\/td><\/tr>
Central<\/td>Haveli, Pune city (Pune Municipal corporation (PMC) & Pimpri Chinchwad Municipal Corporation (PCMC))<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

Pune:\u00a0Knight Frank India in its latest assessment noted that Pune\u2019s real estate market-maintained status quo in stamp duty collections from property registrations in January 2025 on a year-on-year (YoY) basis. Pune recorded 16,330 property sale registrations generating INR 590 crores in stamp duty revenue. The number of properties registered in January 2025 recorded a decline […]<\/p>\n","protected":false},"author":1,"featured_media":20124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71,44,172],"tags":[],"class_list":["post-20123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pune","category-real-estate"],"_links":{"self":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/20123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20123"}],"version-history":[{"count":1,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/20123\/revisions"}],"predecessor-version":[{"id":20125,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/posts\/20123\/revisions\/20125"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=\/wp\/v2\/media\/20124"}],"wp:attachment":[{"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofpowerandvoice.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}