Pune records 14,000+ property registrations in November 2025; adds INR 550+ cr to state exchequer: Reports Knight Frank India
Pune records 14,000+ property registrations in November 2025; adds INR 550+ cr to state exchequer: Reports Knight Frank India
Pune, December 19, 2025: Knight Frank India, in its latest assessment, reported that Pune’s real estate market recorded 14,234 property registrations in November 2025, with stamp duty collections touching INR 565 crores (cr). Property registrations increased by 6% YoY, while revenue collections increased by 19% YoY in the same period. On a month-on-month (MoM) basis, registrations were up 12% while stamp duty collections observed a 7% growth.
Property registration and Stamp duty collection
| Period | Registrations (Units) | Stamp duty collection (INR cr) |
| Nov-24 | 13,371 | 475 |
| Nov-25 | 14,234 | 565 |
| YoY Change | 6% | 19% |
Property registrations and Stamp duty collection
| Year | Month | Total Registration | Stamp Duty Collection(INR Cr) |
| 2024 | November | 13,371 | 475 |
| 2024 | December | 17,348 | 620 |
| 2025 | January | 17,449 | 638 |
| 2025 | February | 19,025 | 713 |
| 2025 | March | 25,495 | 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 |
| 2025 | September | 13,557 | 523 |
| 2025 | October | 12,693 | 527 |
| 2025 | November | 14,234 | 565 |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
On a year-to-date (YTD) basis, Pune’s property market grew moderately, achieving the highest property registrations and stamp duty collections for the first eleven months of the year in the past four years.
Property registration and Stamp duty collection
| Period (Jan-Nov) | Registrations (Units) | Revenue (INR cr) |
| 2022 | 125,702 | 4,344 |
| 2023 | 137,598 | 4,791 |
| 2024 | 172,677 | 6,479 |
| 2025 | 173,578 | 6,675 |
| YoY Change | 0.5% | 3.0% |
| Demand remains stable across segments in Nov 2025 |
The distribution of ticket sizes in November 2024 and November 2025 remained largely unchanged. Homes priced up to INR 1 cr continued to dominate with an 85% share, reflecting steady demand at the mid and affordable end. Segments above INR 1 cr hold their ground at 15%.
Share of ticket size for residential property transactions
| Ticket size | Share in Nov2024 | Share in Nov2025 |
| Under INR 25 lakhs | 29% | 27% |
| INR 25 – 50 lakhs | 29% | 29% |
| INR 50 lakhs – 1 Cr | 26% | 29% |
| INR 1 Cr – 2.5 Cr | 13% | 13% |
| INR 2.5 Cr – 5 Cr | 2% | 2% |
| 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, “Pune’s housing market has continued to show steady momentum through 2025. November recorded over 14,200 registrations, a 6% year-on-year increase, with stamp duty collections crossing INR 560 crore, underlining the depth of end-user demand. While activity moderated after the festive peak earlier in the year, the market has remained resilient and well-balanced. With year-to-date registrations and revenues now at a new in four years, Pune residential remains stable with sustainable volumes, supported by broad-based demand across ticket sizes, apartment configurations, and micro-markets.”
| Higher demand for larger apartments sustains |
The overall preference for home sizes has remained stable throughout the year. Share of units under 500 sq ft dipped marginally from 25% to 24%, while the 500 to 800 sq ft category remained steady at 46%. Share of homes above 800 sq ft remained stable at 29%.
Share of area for residential property transactions
| Area in sq ft | Share inNov 2024 | Share inNov 2025 |
| Under 500 | 25% | 24% |
| 500-800 | 46% | 46% |
| 800-1000 | 13% | 14% |
| 1000- 2000 | 13% | 12% |
| Over 2000 | 3% | 3% |
Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)
| Central Pune contributed 66% of residential transactions in Nov 2025 |
In November 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 66% of the market. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 15%, while North, South, and East Pune collectively contributed 18% of transactions during the same period.
Share of micro markets for residential property transactions
| Micro market | Share in Nov 2024 | Share in Nov 2025 |
| North | 10% | 8% |
| South | 7% | 6% |
| East | 4% | 4% |
| West | 15% | 15% |
| Central | 65% | 66% |
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)) |
