Pune’s property market is on the rise, with a significant increase in property registrations and stamp duty collections in 2024. Between January and November, the city recorded 172,677 property registrations, marking a 25% increase compared to the same period in 2023. Stamp duty collections also saw a notable rise, exceeding INR 6,479 crores, reflecting a 35% YoY growth.
The demand for homes priced at INR 1 crore and above surged in November 2024, with the luxury segment growing from 12% to 16% compared to November 2023. However, homes in the INR 50 lakh–1 crore range remained the most popular among home buyers.
Central Pune remained the primary hub for residential transactions in November 2024, contributing 81% of the market. West Pune held the second-largest share at 12%, while North, South, and East Pune collectively accounted for 6% of transactions during the same period.
The city’s residential sector demonstrated remarkable growth in 2024, driven by ongoing infrastructure development, relative affordability, and a strong cultural inclination toward homeownership. The demand for larger apartments also sustained, with the share of apartments larger than 800 sq ft increasing from 28% in November 2023 to 32% in November 2024.
Overall, Pune’s property market continues to exhibit steady growth, adapting to evolving buyer preferences and market conditions. The city’s residential market demonstrates increasing preference for premium homes and long-term investments, reinforcing its position as a leading destination for homebuyers in India.
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