Hey there, property enthusiasts! Let’s dive into the latest updates on property registration and stamp duty collection in Pune.
1. Surge in Demand for Homes Priced INR 1 Cr and Above: In January 2025, the demand for homes priced above INR 1 crore witnessed a significant increase. This segment’s share grew from 13% in January 2024 to 15% in January 2025, indicating a shift towards premiumization in Pune’s housing market.
2. Shift in Ticket Size for Residential Property Transactions: The distribution of residential property transactions based on ticket size also saw some changes. In January 2025, the share of different ticket sizes were as follows:
– Under INR 25 lakhs: 24%
– INR 25 – 50 lakhs: 30%
– INR 50 lakhs – 1 Cr: 31%
– INR 1 Cr – 2.5 Cr: 13%
– INR 2.5 Cr – 5 Cr: 2%
– Over 5 Cr: 1%
3. Larger Apartments in Demand: The preference for larger apartments continued to grow, with units larger than 800 sq ft accounting for 31% of transactions in January 2025, up from 28% in January 2024.
4. Central Pune Leads in Residential Transactions: Central Pune, including Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), remained the top contributor to residential transactions in January 2025, holding an 81% market share. However, new developments in other parts of the city are beginning to cater to evolving homebuyer preferences.
5. Micro Market Distribution: In January 2025, Central Pune continued to dominate residential transactions with an 81% share, followed by West Pune at 12%. North, South, and East Pune collectively accounted for 7% of transactions during the same period.
So, there you have it – the latest trends in property registration and stamp duty collection in Pune. Stay tuned for more updates on the real estate market!
Thanks For Reading Report of Punepress.com