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The Pune real estate market started 2026 with a moderated pace, reflecting a mix of challenges and opportunities. In January 2026, property registrations in Pune declined by 17% year-on-year (YoY), falling to 14,527 from 17,449 in the same month last year. Stamp duty collections also experienced a dip of 5%, amounting to ₹609 crore compared to ₹638 crore in January 2025.
Despite the decline, market experts note that the overall sentiment remains stable, with high-value transactions and larger apartment sizes continuing to attract homebuyers. This article analyses the trends in property registrations, stamp duty collections, buyer preferences, and regional dynamics in Pune.
Year-on-Year and Month-on-Month Trends
January 2026 witnessed a clear YoY moderation in property registrations in Pune. The total number of registrations fell by 17%, while stamp duty collections were down 5%.
However, on a month-on-month (MoM) basis, the numbers reflected a recovery. Compared to December 2025, which saw 12,079 registrations and ₹444 crore in stamp duty collections, January 2026 experienced an uptick, indicating renewed buyer activity after the year-end slowdown.
Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, commented, “While registrations moderated YoY, the relatively lower decline in revenue reflects continued momentum in higher ticket-size transactions. The sharp sequential rebound suggests buyers are returning to the market with confidence.”
Shift in Demand Towards Higher-Value Homes
Although properties priced below ₹1 crore continue to dominate property registrations in Pune, accounting for 82% of transactions, this share is slightly declining. Higher-ticket categories are gaining traction, reflecting a shift in buyer preferences.
Properties in the ₹50 lakh–₹1 crore segment accounted for 29% of registrations, while homes priced between ₹1–2.5 crore grew to 14%. This trend indicates strong demand for mid- and premium-segment homes, with developers and investors seeing steady interest from end-users seeking larger apartments and better amenities.
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Trends in Apartment Sizes
Analysis of unit sizes in January 2026 reveals subtle changes in buyer preferences:
- <500 sq ft: 23% (down from 26%)
- 500–800 sq ft: 46% (up from 45%)
- 800–1,000 sq ft: 14% (up 1%)
- 1,000–2,000 sq ft: 14% (up 1%)
- >2,000 sq ft: 3% (stable)
The data shows consistent demand for mid-sized and larger homes, while smaller units under 500 sq ft are gradually losing share. These trends suggest that buyers are prioritizing space and quality over affordability alone, signaling evolving lifestyle preferences.
Geographical Distribution of Registrations
The distribution of property registrations in Pune demonstrates a concentration in central areas:
- Central Pune (PMC, PCMC, Haveli Taluka): 67% share
- West Pune (Mawal, Mulshi, Velhe): 16% share
- North, South, and East Pune: 16% combined
Central Pune continues to dominate due to superior infrastructure, accessibility, and social amenities. West Pune remains the second-most active region, supported by growing residential developments and improved connectivity. North, South, and East Pune collectively account for a smaller share, reflecting the ongoing preference for established localities.
Conclusion
Property registrations in Pune started 2026 on a cautious note, with a YoY dip of 17% and a 5% decline in stamp duty collections. Despite this, month-on-month recovery, increasing demand for higher-value homes, and preference for larger apartments indicate sustained buyer confidence.
For investors and homebuyers, the Pune real estate market continues to offer opportunities in mid- and premium-segment properties, especially in central and west Pune. Monitoring trends in unit sizes and high-ticket transactions will be key to making informed investment decisions in 2026.
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Ans 1. Property registrations fell 17% YoY due to a mix of seasonal slowdown, cautious buyer sentiment, and market moderation after high activity in 2025.
Ans 2. Stamp duty collections amounted to ₹609 crore, a 5% decline compared to ₹638 crore in January 2025.
Ans 3. While properties under ₹1 crore still dominate (82% of registrations), mid- and premium-segment homes priced ₹50 lakh–₹1 crore (29%) and ₹1–2.5 crore (14%) are gaining traction.
Ans 4. Yes, demand for mid-sized (500–1,000 sq ft) and larger apartments (1,000–2,000 sq ft) is increasing, while units under 500 sq ft are gradually losing share.
Ans 5. Central Pune, including PMC, PCMC, and Haveli Taluka, accounts for 67% of registrations, followed by West Pune (16%). North, South, and East Pune combined make up the remaining 16%.
Ans 6. Yes, compared to December 2025, January 2026 saw an increase in both registrations (from 12,079 to 14,527) and stamp duty collections (from ₹444 crore to ₹609 crore), indicating renewed buyer activity.
Ans 7. Buyers are increasingly prioritizing larger apartment sizes, modern amenities, and better-quality living spaces, reflecting evolving lifestyle preferences.
Ans 8. Investors may find opportunities in mid- and premium-segment homes, particularly in central and west Pune, where infrastructure, connectivity, and demand are strongest.
Ans 9. Despite the YoY decline, sustained interest in high-value transactions and larger units suggests overall market sentiment remains stable.
Ans 10. Buyers should track trends in property prices, unit sizes, high-ticket transactions, and emerging developments in central and west Pune to make informed investment decisions.