Pune’s real estate market is on fire this festive season, with over 20,000 property registrations recorded in October 2024. Stamp duty collections also reached a whopping ₹751 crores, showing a significant 52% year-on-year increase. This surge can be attributed to the festive period, stable interest rates, and a growing preference for luxury homes.
The demand for properties priced above ₹1 crore has seen a notable increase, now accounting for 14% of transactions compared to 11% last year. Additionally, there is a trend towards larger apartments, with homes above 800 sq. ft. becoming more popular post-pandemic.
Central Pune continues to lead the market, with areas like Haveli Taluka and PMC/PCMC seeing 80% of transactions. However, West Pune regions like Mawal and Mulshi are also gaining traction, making up 12% of the market share in October.
Overall, Pune’s real estate market is showing strong growth and resilience, driven by infrastructure developments, rising incomes, and positive buyer sentiment. With these favorable conditions, the city remains a top choice for both homebuyers and investors.
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