In January 2026, Pune recorded a total of 14,527 property registrations, yielding ₹609 crore in stamp duty revenue, as reported by Knight Frank India. This figure represents a 17% decline in registrations compared to the same month in 2025. However, the decline in revenue was more moderate at 5%, which suggests a notable shift towards higher-value real estate transactions. This trend indicates that, despite the overall reduction in the number of registrations, the market is increasingly favoring properties with higher price points.
The market dynamics in Pune appear to be improving when viewed on a month-to-month basis. After experiencing a slowdown at the end of 2025, the city saw registrations increase by 20% from December to January, while stamp duty collections surged by 37% over the same period. This uptick indicates a rebound in activity, with the residential market beginning the new year on a more positive note. Homes priced below ₹1 crore continued to dominate the market, though their share has slightly decreased to 82% in January 2026, reflecting a gradual but definitive shift towards higher-value property purchases.
The segmentation of property registrations highlights an interesting trend, particularly within the ₹50 lakh to ₹1 crore price bracket, which represented 29% of registrations. Concurrently, transactions for properties priced between ₹1 crore and ₹2.5 crore have risen to account for 14% of total registrations. Shishir Baijal, the chairman and managing director of Knight Frank India, noted that the smaller decline in revenue compared to registrations suggests an increasing appetite for mid-range and premium properties among buyers in Pune.
In terms of property sizes, the market has remained relatively stable, with a slight inclination towards larger apartments. The share of units measuring under 500 square feet has decreased from 26% to 23% year-on-year, while the 500-800 square feet category continues to lead with a 46% share. Properties within the 800-1,000 and 1,000-2,000 square feet brackets each saw a one-percentage-point increase, now representing 14% of transactions. Meanwhile, units larger than 2,000 square feet have held steady at 3%. Geographically, central Pune, including areas such as Haveli Taluka, Pune Municipal Corporation (PMC), and Pimpri Chinchwad Municipal Corporation (PCMC), accounted for 67% of residential transactions in January 2026. In contrast, West Pune contributed 16%, while the remaining areas of North, South, and East Pune collectively made up the last 16%. This distribution underscores the central region's dominance in the local real estate market.