Pune property registrations rise 23% y-o-y in September
Knight Frank India’s latest assessment shows that Pune’s real estate market recorded 13,557 property registrations in September 2025, generating ₹523 crore in stamp duty revenue. Property registrations rose 23 per cent year-on-year (y-o-y), while stamp duty collections increased 3 per cent y-o-y during the same period.
On a month-on-month (m-o-m) basis, registrations grew 2 per cent and stamp duty revenue rose 8 per cent, reflecting the city’s steady housing demand.
The surge in registrations is largely attributed to the shifting festive calendar. Last year, property activity slowed during the inauspicious Shraddh period (September 17–October 2, 2024), whereas this year it occurred earlier (September 7–21, 2025). The effect was offset by Navratri, which began on September 22 and continued till October 2, 2025, unlike last year when it started later (October 3–12, 2024).
On a year-to-date (YTD) basis, Pune’s property market remains resilient, achieving the highest registrations and stamp duty collections for the first nine months of the year in the past four years. Compared to the same period last year, registrations increased 5 per cent and stamp duty revenue rose 6 per cent.
The share of homes priced above ₹1 crore increased marginally from 14 per cent in September 2024 to 15 per cent in September 2025, while properties priced up to ₹1 crore maintained an 85 per cent share. Demand continues to be concentrated in this segment, indicating that while the premium market is expanding, the overall base remains broad and stable.
Shishir Baijal, Chairman and Managing Director, Knight Frank India, stated, “Pune’s housing market continues to display sustained momentum this year. The 23 per cent y-o-y increase in registrations in September reflects how the shift in the festive calendar has further supported buyer activity. Revenue collections of ₹523 crore remained strong, reinforcing the steady demand seen through the year. What we are witnessing is a market operating at sustainable volumes, signalling growing maturity and enduring confidence among homebuyers.”
Published on October 27, 2025
