Pune Property Registrations Stable in April 2025 Amid Seasonal Slowdown

Pune's real estate sector showed a marginal 1% increase in property registrations in April 2025 compared to April 2024, with 14,421 registrations this year versus 14,244 last year, as per Maharashtra Inspector General of Registration (IGR) data. However, stamp duty collections dropped by 3%, totaling ₹547 crore against ₹566 crore in April 2024.

Monthly Dip Reflects Seasonal Trends, Not Market Weakness

Compared to March 2025, April registrations fell sharply by 41%, down from 24,494 to 14,421. Stamp duty collections similarly declined from ₹960 crore in March to ₹547 crore in April, data from Knight Frank India indicates. This decrease aligns with typical fiscal year-end patterns, where March sees heightened activity due to tax planning, followed by a natural slowdown in April.

Knight Frank India explained that the year-on-year dip in stamp duty revenues largely results from a higher share of property transactions in lower ticket-size brackets.

Year-to-Date Data Signals Market Stability and Growth

Despite April’s slowdown, the first four months of 2025 recorded the highest property registrations and stamp duty collections in four years. Property registrations increased 5% year-on-year, while stamp duty collections grew by 8%, suggesting sustained confidence in Pune’s real estate market.

Demand Concentrated in Affordable Segment, but Premium Interest Rises

Approximately 83% of Pune’s registered properties in April 2025 were priced up to ₹1 crore, reflecting continued demand for affordable homes. Meanwhile, properties priced above ₹1 crore increased their share from 14% in April 2024 to 16% in April 2025, highlighting a gradual rise in premium housing interest.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, remarked, “Pune’s residential market is end-user driven, with steady demand reflecting economic stability and sustained buyer confidence.”

Preference for Larger Homes and Geographic Shifts in Demand

The popularity of larger apartments is growing, with units over 800 sq ft increasing from 31% to 33% of transactions year-on-year. Central Pune—comprising Haveli Taluka, Pune Municipal Corporation, and Pimpri Chinchwad Municipal Corporation—remained the dominant market, accounting for 75% of residential transactions, though this share slightly decreased as emerging neighborhoods attract buyers.

West Pune held the second-largest share at 14%, while North, South, and East Pune combined represented 10% of transactions in April 2025.

Disclaimer: This report is based on data and expert insights available as of publication. Market dynamics may change due to economic factors and regulatory developments. Buyers and investors should conduct due diligence before making decisions.