Pune witnessed 13,371 property registrations in November 2024, generating INR 475 crores in revenue for the state. While registrations dropped 11% YoY, stamp duty collections increased modestly by 2%, reflecting a rise in high-value transactions. Properties priced at INR 1 crore and above accounted for 16% of the market, up from 12% last year. Month-on-month, registrations and revenue fell sharply due to the post-festive lull following October’s Diwali surge. However, November's registrations aligned with the average monthly figures for FY24, excluding festive spikes. Between January and November 2024, Pune recorded 1.72 lakh property registrations, marking a 25% YoY growth and a 35% rise in stamp duty collections, driven by robust demand, rising incomes, and infrastructure development.
Demand for premium homes and larger apartments continued to rise, with properties above INR 1 crore and apartments larger than 800 sq ft gaining popularity. Central Pune, including PMC and PCMC areas, remained the primary hub for transactions, contributing 81% to the market, though this share slightly dipped as new developments in West Pune and other regions gained traction. The residential market's growth underscores Pune’s appeal as a homebuyer-friendly city, supported by affordability, infrastructure advancements, and strong cultural preferences for homeownership.