Pune’s real estate market maintained stability in stamp duty collections despite an 8% year-on-year drop in property registrations in January 2025. According to Knight Frank India, 16,330 property sales were recorded, generating ₹590 crore in stamp duty revenue—on par with January 2024’s ₹589 crore.

The decline in registrations is attributed to higher transaction volumes in the preceding festive months. However, rising demand for premium properties priced above ₹1 crore helped sustain revenue levels, with their share of transactions increasing from 13% in January 2024 to 15% in January 2025.

Larger homes also remained a preference, with apartments above 800 sq ft making up 31% of sales, up from 28% the previous year. In contrast, mid-sized apartments (500-800 sq ft) saw a slight dip in demand.

Central Pune, covering Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), accounted for 81% of residential transactions, though interest in suburban areas is rising. West Pune contributed 12%, while North, South, and East Pune made up the remaining 7%.

Shishir Baijal, CMD of Knight Frank India, noted that while affordability concerns influenced mid-range housing, strong employment trends and expected home loan rate cuts could drive future growth. Developers are adapting to these shifting preferences, ensuring market stability.

With continued demand for premium housing and spacious apartments, Pune’s real estate sector remains resilient, offering opportunities for buyers and investors in the coming months.