Pune Records Over 14,500 Properties In January 2026, Collects Over INR 609 Cr In Stamp Duty: Knight Frank India

Pune, February 19, 2026:  Knight Frank India in its latest assessment reported that Pune recorded 14,527 property registrations in January 2026, generating over INR 609 crores (cr) in stamp duty revenue for the state. Registrations saw a decline of 17% year-on-year (YoY) compared to January 2025, while stamp duty collections declined 5% YoY. On a sequential basis, the city witnessed improved activities with property registrations rising by 20% month-on-month (MoM) leading to revenue collections increasing by 37% over December 2025.

Property registration and Stamp duty collection

Period		Registrations (Units)		Stamp duty collection (INR cr)
Jan-25		17,449		638
Jan-26		14,537		609
YoY Change		-17%		-5%

Property registrations, Value of property and Stamp duty collection

Year		Month		Total Registration		Stamp Duty Collection(INR Cr)
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
2025		December		12,079		444
2026		January		14,537		609

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

Demand shifts towards higher-value homes

Properties priced up to INR 1 cr continued to account for the majority of registrations, with their combined share moderated to 82% in January 2026. However, this distribution of ticket sizes indicates a shift towards higher-value homes. INR 50 lakh – 1 cr and INR 1 – 2.5 cr categories gained traction, with their shares rising to 29% and 14% respectively.

Share of ticket size for residential property transactions

Ticket size	Share in Jan2025	Share in Jan2026
Under INR 25 lakhs	32%	25%
INR 25 – 50 lakhs	28%	28%
INR 50 lakhs – 1 Cr	25%	29%
INR 1 Cr – 2.5 Cr	11%	14%
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, International Partner, Chairman & Managing Director, Knight Frank India, stated, “Pune’s residential market has started 2026 on a measured note, with over 14,500 property registrations and INR 609 cr in stamp duty collections in January. While registrations moderated YoY, the relatively lower decline in revenue reflects continued momentum in higher ticket-size transactions. On a sequential basis, the sharp rebound in both registrations and collections signals renewed buying activity after the year-end slowdown. The shift toward mid and premium segments, along with steady demand for larger homes, indicates that end-user confidence remains intact even as volumes normalise from last year’s elevated base.”

Higher demand for larger apartments sustains

The distribution of home sizes in January 2026 remained largely steady with minor shifts across segments. The share of units under 500 sq ft declined from 26% in January 2025 to 23%. The 500–800 sq ft category continued to dominate the market, inching up from 45% in January 2025 to 46% in January 2026. Homes with larger configurations saw a modest rise, with both the 800–1,000 sq ft and 1,000–2,000 sq ft segments increasing by one percentage point each to 14%. The share of homes above 2,000 sq ft remained stable at 3%. Overall, demand patterns indicate stability, with a slight inclination toward larger unit sizes.

Share of area for residential property transactions

Area in sq ft	Share inJan 2025	Share inJan 2026
Under 500	26%	23%
500-800	45%	46%
800-1000	13%	14%
1000- 2000	13%	14%
Over 2000	3%	3%

Source: Knight Frank Research, Maharashtra Govt- Dept. of Registrations and Stamps (IGR)

Central Pune contributed 67% of residential transactions in Jan 2026

In January 2026, Central Pune which includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its lead in residential transactions, accounting for 67% of the market. West Pune, which includes Mawal, Mulshi, and Velhe, held the second-largest share at 16%, while North, South, and East Pune collectively contributed 16% of transactions during the same period.

Share of micro markets for residential property transactions

Micro market	Share in Jan 2025	Share in Jan 2026
North	12%	8%
South	5%	5%
East	5%	3%
West	18%	16%
Central	60%	67%

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))