Pune records 13,253 property registrations in August 2025; Rs 485 crores collected in stamp duty: Reports Knight Frank India
Pune records 13,253 property registrations in August 2025; Rs 485 crores collected in stamp duty: Reports Knight Frank India
Pune, September 25, 2025: Knight Frank India, in its latest report, noted that Pune registered 13,253 property transactions in August 2025 generating INR 485 crore in stamp duty revenue for the month. While property registrations volumes recorded a modest 3% YoY decline while stamp duty collections declined by 19% YoY in the same period.
Property registrations and Stamp duty collection
| Year | Month | Total Registration | Stamp Duty Collection(INR Cr) |
| 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 | 19,025 | 713 |
| 2025 | March | 24,495 | 960 |
| 2025 | April | 14,421 | 547 |
| 2025 | May | 12,037 | 426 |
| 2025 | June | 16,792 | 643 |
| 2025 | July | 14,622 | 648 |
| 2025 | August | 13,253 | 485 |
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) | |||
| Aug-24 | 13,645 | 599 | |||
| Aug-25 | 13,253 | 485 | |||
| YoY Change | -3% | -19% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
From a year-to-date (YTD) perspective (January – August) Pune’s property market remained stable, recording its best property registrations volumes and stamp duty collections for the first eight months of the year as compared to the past four years. Compared to the same period last year, property registrations rose by 13% while stamp duty collections saw a 15% increase.
Property registration and Stamp duty collection
| Period (Jan-Jul) | Registrations (Units) | Revenue (INR cr) |
| 2022 | 90,224 | 3,025 |
| 2023 | 91,023 | 3,225 |
| 2024 | 127,356 | 4,745 |
| 2025 | 144,113 | 5,468 |
| YoY Change | 13% | 15% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Demand rises across segments in Aug 2025 |
The most significant growth was noted in the under INR 25 Lakh category which formed 30% of the total properties registered in August 2025. With a total of 3,975 units registered costing up to INR 25 lakhs, the category saw a rise of 17% YoY over same time last year. In August 2024 the category recorded registrations of 3,411 units.
The share of homes priced above INR 1 crore increased from 15% in August 2024 to 16% in August 2025, underscoring stronger appetite for premium housing. Meanwhile, properties priced up to INR 1 crore eased from 85% to 84% over the same period. Even so, with this segment still making up most sales, demand remains firmly concentrated below the INR 1 crore price point, suggesting that while the top end is expanding, the market’s foundation continues to be broad-based.
Share of ticket size for residential property transactions
| Ticket size | Share in Aug 2024 | Share in Aug 2025 |
| Under INR 25 lakhs | 25% | 30% |
| INR 25 – 50 lakhs | 31% | 27% |
| INR 50 lakhs – 1 Cr | 29% | 27% |
| INR 1 Cr – 2.5 Cr | 13% | 13% |
| INR 2.5 Cr – 5 Cr | 2% | 3% |
| Over 5 Cr | <=1% | <=1% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “While Pune’s property market reflected some moderation in registrations and revenues compared to the same period last year, the overall demand momentum remains mostly intact. The strength in affordable housing, alongside steady appetite for premium and larger homes, highlights the city’s diverse buyer base. The resilience seen in year-to-date volumes and revenues underscores the depth of demand in Pune’s housing market, even amid evolving market conditions.”
| Higher demand for larger apartments sustains |
The demand for larger homes has held steady, with the share of apartments above 800 sq ft inching up from 32% in August 2024 to 33% a year later. At the same time, demand at the other end of the spectrum also strengthened, as units under 500 sq ft grew from 22% to 27% over the same period, reflecting the momentum in the sub-INR 25 lakh category.
Share of area for residential property transactions
| Area in sq ft | Share in Aug 2024 | Share in Aug 2025 |
| Under 500 | 22% | 27% |
| 500-800 | 46% | 40% |
| 800-1000 | 15% | 15% |
| 1000- 2000 | 15% | 15% |
| Over 2000 | 2% | 3% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Central Pune contributed 76% of residential transactions in Aug 2025 |
In August 2025, Central Pune which includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 68% 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 home buyer preferences. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 17%, while North, South, and East Pune collectively contributed 15% of transactions during the same period.
Share of micro markets for residential property transactions
| Micro market | Share in Aug 2024 | Share in Aug 2025 |
| North | 8% | 8% |
| South | 2% | 4% |
| East | 2% | 3% |
| West | 16% | 17% |
| Central | 72% | 68% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR
| 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)) |
