Surge in Pune City’s Real Estate properties 

Surge in Pune City's Real Estate properties 

Surge in Pune City's Real Estate properties 

Share This News

The Pune real estate market has been buzzing with activity, witnessing a significant surge in property registrations.
According to the Maharashtra government’s Department of Registrations and Stamps, property registrations in March 2024 soared by 52 percent compared to the previous year, with 21,744 properties filed, up from 14,309 in March 2023. Stamp duty collections also saw a remarkable increase, reaching Rs 804 crore in March 2024 compared to Rs 621 crore in March 2023.

Throughout FY24, a total of 146,924 properties were registered in Pune, amounting to a stamp duty collection of Rs 5,785 crore, as reported by Knight Frank India. Residential units priced between Rs 50 lakh and Rs 1 crore dominated the market, accounting for 33 percent of all housing transactions, followed closely by properties priced between Rs 25 lakh and Rs 50 lakh, representing 32 percent of the market share.
Notably, the share of properties priced under Rs 25 lakh rose from 16 percent in March 2023 to 21 percent in March 2024.
In terms of apartment sizes, units ranging from 500 to 800 sq ft held a substantial 40 percent market share in March 2024, while apartments under 500 sq ft garnered 35 percent of transactions, positioning it as the second most preferred size. Larger apartments exceeding 1000 sq ft maintained a stable 13 percent market share during this period.

The demographic analysis revealed that homebuyers aged between 30 and 45 years constituted the largest buyer segment, accounting for 52 percent of the market share. Buyers under the age of 30 comprised 24 percent, while those aged between 45 and 60 years represented 18 percent of the market.