Pune’s real estate market recorded its highest monthly performance in three years this March, driven by strong buyer sentiment, improved affordability, and ongoing infrastructure development, as reported by The Economic Times.
Data released by authorities show 24,430 property registrations were completed during the month, reflecting a 10% increase compared to March 2024. Stamp duty collections reached ₹924 crore, up 12.4% year-over-year and rising 30% from the previous month. Registrations also jumped 28% from February 2025, signaling increased momentum in the housing sector.
Shishir Baijal, chairman and managing director of Knight Frank India, said the city’s performance was a result of favorable end-user demand and an enabling business environment. “The long-term growth momentum of Pune’s residential market remains strong, backed by sustained economic activity and infrastructure growth,” he said.
The appetite for larger homes continued to rise, with units above 800 square feet making up 29% of all registrations in March 2025, compared to 24% in the same month last year. Analysts attribute the shift to evolving consumer preferences in the post-pandemic era, where homebuyers prioritize space and lifestyle value.
Lower interest rates in recent months have further bolstered confidence, motivating both new buyers and homeowners seeking to upgrade.
Central Pune led the residential real estate activity, comprising 76% of the city’s total transactions. This region includes Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC).
West Pune, covering areas like Mawal, Mulshi, and Velhe, accounted for 12% of transactions. The remaining 11% came from North, South, and East Pune combined.
On a quarterly basis, Pune’s residential real estate segment registered a 7% year-over-year increase in revenue collection during the first quarter of 2025, ending in March. The consistent growth underscores the strength of the market despite economic fluctuations.
The surge in March activity is widely seen as a reflection of Pune’s stable macroeconomic landscape, strong infrastructure pipeline, and persistent demand from end-users rather than speculative investors.
As infrastructure projects continue to reshape the city’s landscape and affordability remains favorable, industry observers predict sustained growth in both volume and value in the coming months.