What Kind Of Homes Are Pune Buyers Choosing? A Look At The Changing Trends In Real Estate Market
What Kind Of Homes Are Pune Buyers Choosing? A Look At The Changing Trends In Real Estate Market
In May 2025, Pune recorded 11,930 property registration transactions. Among the total residential sales, nearly half were for homes priced up to ₹50 lakh, indicating a growing preference for affordable housing among Punekars.
According to a report by Knight Frank India on Pune’s real estate sector, 11,930 housing transactions were registered in May. In comparison, 12,280 homes were sold in May last year, and 14,421 homes were sold in April this year. This marks a 17% month-on-month decline in sales—the lowest since October last year.
Additionally, stamp duty collections fell from ₹547 crore in April to ₹421 crore in May, recording a significant 23% drop.
The report breaks down the sales data for May as follows:
- 20% of homes sold were priced up to ₹25 lakh.
- 29% were in the ₹25–50 lakh range.
This makes 49% of total transactions (nearly half) in the affordable housing segment.
Meanwhile:
- 33% of homes were priced between ₹50 lakh and ₹1 crore,
- 17% between ₹1 crore and ₹2.5 crore,
- 2% between ₹2.5 crore and ₹5 crore,
- Less than 1% were priced above ₹5 crore.
Growth from January to May 2025
From January to May 2025, both property transactions and stamp duty collections in Pune have shown significant growth compared to the same period last year. In Jan–May 2024, there were 85,290 transactions with stamp duty collections of ₹3,079 crore. This year, during the same period, Pune saw 99,339 transactions and ₹3,687 crore in stamp duty revenue—reflecting a 16% rise in sales and 20% increase in revenue.
Though there was a dip in transactions in May, the year-to-date numbers show a healthier performance compared to 2024. The report highlights that demand has notably declined in the ₹1–5 crore segment, but the overall market remains active.
“While May saw a decline in sales, especially in the ₹1–5 crore price band, overall sales in the first five months of this year are higher than last year.”
– Shishir Baijal, Chairman & Managing Director, Knight Frank India
