Pune real estate records robust growth, property transactions breach 13,000-mark in September

The growth in sales was also complemented by an uptick in government revenue collections. As per a report of the Maharashtra Inspector General of Registration (IGR), stamp duty collections increased 3 per cent year-on-year (YoY), climbing to Rs 523 crore in September 2025 from Rs 508 crore a year earlier.

Knight Frank India, a real estate advisory firm, reported that property registrations climbed by over 2 per cent month-to-month (MoM) from 13,253 in August 2025, while stamp duty revenues increased by 7.8 per cent from Rs 485 crore in August 2025.

Knight Frank credited this to the opportune festive calendar this year. The Shradhh (Pitru Paksha) period extended for most of September last year, causing a decrease in property registrations. In contrast, the 2025 calendar allowed the festive season to begin earlier, with the onset of Navratri and Dussehra coinciding with the end of Shradhh. This encouraged homebuyers to schedule their purchase, leading to a surge in property transactions during the month.

Complementing these findings, Cushman & Wakefield said in their Residential Q3 2025 MarketBeat that Pune saw 10,776 new residential unit releases in the third quarter. The mid-segment accounted for 58 per cent of these launches, while high-end and luxury units made up 38 per cent. The NH-4 Bypass North corridor, including Hinjewadi and Wakad, led with 38 per cent of new launches.

The report also noted that properties priced up to Rs 1 crore constituted nearly 85 per cent of the total registrations. Meanwhile, the proportion of homes valued above Rs 1 crore saw a slight increase, rising from 14 per cent in September 2024 to 15 per cent in September 2025.

“The market is operating at sustainable volumes, signalling growing maturity and enduring confidence among homebuyers,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.

Regionally, Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC) continued to dominate residential transactions, contributing 61 per cent of total market activity. Western Pune accounted for 17 per cent, while the remaining 22 per cent came from the eastern, northern, and southern corridors of the city.

“Pune’s real estate momentum is further reinforced by its accelerating infrastructural developments. With major projects such as the Pune Metro expansion, the PMRDA and MSRDC outer ring roads, and the Pune-Bengaluru Expressway, the city has significantly enhanced connectivity and accessibility, further strengthening its position as a preferred centre for real estate investment and sustainable urban growth,” said a real estate expert.

(Sanika Deshpande is an intern with The Indian Express)