Pune Property Registrations drop by 8% Y-o-Y in January

Data from the Maharashtra Inspector General of Registration (IGR) shows that the number of properties registered in Pune's real estate market decreased by 8% year over year (YoY), from 17,786 in January 2025 to 16,330 in January 2025.In January 2025, stamp duty collections were Rs. 590 crore, which was about the same as the Rs. 589 crore received in January 2024.

In contrast, 17,348 properties were registered in December 2024, and Rs. 620 crore in stamp duty was collected. The Pune real estate market had an 8% decline in property registrations, according to real estate consulting firm Knight Frank India.

This decline was mostly caused by an increase in property transactions during the holiday season and the months prior. A surge in the proportion of properties valued at Rs. 1 crore and above helped to maintain stamp duty revenues in spite of this.

There is a noticeable rise in demand for properties costing more than Rs. 1 crore. According to Knight Frank India's monthly report, the segment's share increased from 13% in January 2024 to 15% in January 2025, indicating a trend toward premiumization in the Pune real estate market.

Shishir Baijal, Chairman and Managing Director, Knight Frank India says, “Pune recorded a moderation in property sale registrations in January 2025. However, demand for higher-value homes, particularly those priced above Rs. 1 crore, continues to grow, reflecting positive homebuyers’ sentiment in the higher value segment”.

"While evolving affordability dynamics and market adjustments have influenced transaction volumes in the lower and mid-segment, a likely reduction in home loan interest rates and robust employment in the city is expected to support the market going forward. Developers are adapting to shifting consumer preferences, ensuring a steady supply to meet demand,” he added.