Pune’s real estate market has experienced a slight dip in property registrations in May 2025, with a recorded decline of 3% compared to the same period last year. This slowdown, however, doesn’t overshadow the city’s strong year-to-date performance. With rising demand for higher-value homes and a steady shift towards more spacious properties, Pune’s real estate sector remains resilient in the face of this temporary pause.
In May 2025, property registrations dropped to 11,930 units, down from 12,280 in May 2024. This decrease was accompanied by a 4% dip in stamp duty collections, amounting to ₹421 crore, compared to ₹440 crore last year. The market also saw a sharper decline on a month-on-month (MoM) basis, with registrations falling 17% from 14,421 units in April 2025.
Despite the decline in May, the overall market has shown robust performance throughout the year. Over 99,300 property registrations were recorded in the first five months of 2025, marking a 16% increase over the same period last year. Additionally, stamp duty collections have surged by 20%, reflecting a higher volume of higher-value transactions.
Key Highlights of Pune’s Real Estate Market in May 2025
- Total Property Registrations (May 2025): 11,930 units (-3% YoY)
- Stamp Duty Collections (May 2025): ₹421 crore (-4% YoY)
- Month-on-Month (MoM) Decline: 17% drop in registrations
- Year-to-Date Performance (Jan-May 2025):
- Registrations: 99,339 units (+16% YoY)
- Stamp Duty Collections: ₹3,687 crore (+20% YoY)
- High-Value Home Demand: 19% of May registrations were for homes priced above ₹1 crore
- Preference for Spacious Homes: 32% of units exceeded 800 sq ft in size
- Central Pune’s Market Share: 75% of all transactions in May 2025
- Price Segment Slowdown: Decline in ₹1–5 crore price segment
Market Performance Overview
Residential Market Performance
Pune’s residential market faced a slight slowdown in May, but the city’s overall performance from January to May 2025 paints a positive picture. The year has been marked by increased registrations, particularly in the high-value segment. Homes priced above ₹1 crore accounted for 19% of the total registrations, an increase from 14% in May 2024. This shift is indicative of a growing demand from affluent buyers who are seeking premium properties.
However, properties in the ₹1–5 crore price range saw a slight decline in activity, which contributed to the overall 3% YoY drop in property registrations for May. Despite this, Pune’s residential market remains strong, with a 16% increase in year-to-date registrations compared to last year.
Affordability Still Dominates the Market
While the luxury segment is growing, properties priced under ₹1 crore continue to dominate Pune’s real estate market, comprising 81% of the total registrations. This shows that affordability remains a key factor for the majority of homebuyers in the city. Additionally, homes with larger square footage are becoming increasingly popular, with 32% of the properties sold in May 2025 exceeding 800 sq ft in size, a slight increase from 31% in May 2024.
Central Pune’s Continued Dominance
Central Pune, encompassing areas like the Pune Municipal Corporation (PMC) and Pimpri Chinchwad Municipal Corporation (PCMC), continues to hold a strong market share. This region accounted for 75% of all property transactions in May 2025, although this is a slight decline from the previous year as more homebuyers look to emerging developments in other parts of the city.
West Pune, including areas like Mawal, Mulshi, and Velhe, accounted for 14% of transactions, while other regions such as North, South, and East Pune collectively made up 10% of the market share.
Market Outlook: What Lies Ahead for Pune Real Estate?
Despite the decline in May 2025, Pune’s real estate market remains one of the strongest performers in Maharashtra, thanks to its steady year-on-year growth. The demand for higher-end properties and larger homes signals a maturing market, while affordability continues to be a driving force for the majority of buyers. The first half of 2025 has shown that Pune’s market is not just surviving but thriving, setting a strong foundation for the remainder of the year.
FAQ Section
1. Why did Pune’s property registrations dip in May 2025?
Pune’s property registrations dropped by 3% in May 2025 due to slower momentum in the ₹1–5 crore price segment. Additionally, the month-to-month dip of 17% reflects a temporary pause in transaction activity.
2. What has been the overall performance of Pune’s real estate market in 2025?
Despite the slowdown in May, Pune’s real estate market has shown a strong performance from January to May 2025, with a 16% increase in property registrations compared to the same period in 2024.
3. How has the demand for luxury properties changed in Pune?
The demand for luxury properties in Pune has risen, with homes priced above ₹1 crore accounting for 19% of all property registrations in May 2025, up from 14% last year.
4. Which regions of Pune are leading in property transactions?
Central Pune, including PMC and PCMC areas, dominated the market in May 2025, accounting for 75% of all transactions. However, emerging developments in other parts of Pune are gaining traction.
5. What are the future prospects for Pune’s real estate market?
The outlook for Pune’s real estate market remains positive, with sustained growth in property registrations and a rising demand for both high-value and spacious homes. The market is expected to remain resilient throughout the year.