Pune Real Estate Sees Major Growth: Registrations Up 25% and Stamp Duty Revenue Climbs 33% in 2024
Pune’s real estate market experienced significant growth in 2024, with property registrations rising by 25% to 190,025, compared to 152,323 the previous year. This surge also led to a 33% increase in stamp duty collections, totaling ₹7,098 crore.
Central areas of Pune, particularly those close to key employment hubs, continue to be the most sought-after locations for premium homes. The trend of opting for more expensive homes is also influenced by low interest rates, which make it easier for buyers to afford larger loans.
The market’s robust performance is also reflected in rising property registrations and increased stamp duty collections. Developers are responding to this demand by launching a variety of luxury housing projects, catering to the growing number of affluent buyers.
Demand for ₹1 crore-plus homes is rising. But, the ₹50 lakh to ₹1 crore segment is more popular. It’s more accessible to a wider range of buyers. This balance is a testament to Pune’s diverse real estate market, which offers options for both luxury seekers and those looking for more affordable but still high-quality homes.
Pune’s real estate market has proven resilient and adaptable, offering something for every buyer. With strong growth in both the luxury and mid-range segments, the city’s housing sector is expected to remain a key player in India’s real estate landscape for the foreseeable future.
