A 46% year-over-year increase in property registrations was reported in January 2024 by the Maharashtra government’s Department of Registrations and Stamps, also known as the Inspector General of Registration and Controller of Stamp (IGR), which helped the Pune real estate market. 

The data shows that in January 2024, there were 17,700 registered property units, compared to 12,166 units in the same month the previous year. This spike indicates a growing interest in investing in city real estate. 

In December 2023, the district registered 14,725 property units, generating Rs 560 crore in revenue from stamp duty. In January 2024, stamp duty receipts increased significantly from Rs 441 crore in January 2023 to Rs 589 crore. 

Real estate consultancy Knight Frank India reports that in the Pune district in 2023, there were 152,323 property registrations, and stamp duty collections totaled Rs 5,351 crore. 

A Knight Frank India analysis shows that residential units priced between Rs 50 lakh and Rs 1 crore accounted for the most registrations in January 2024, accounting for 32% of all housing transactions. The properties with prices between Rs 25 lakh and Rs 50 lakh held a 31% market share, making them the closest competitors. Additionally, from 10% in January 2023 to 14% in January 2024, the market share of properties in the higher value segment–which includes those priced at Rs 1 crore and above–increased, indicating that buyers are growing more accustomed to selecting properties in this price range. 

Furthermore, as of January 2024, 41% of the market consisted of apartments ranging from 500 to 800 square feet. Less than 500 to 800 square feet. Less than 500 square feet was another prevalent apartment size, drawing interest and accounting for 33% of transactions. The market share of apartments larger than 1,000 square feet increased from 12% in January 2023 to 14% in January 2024. 

Regarding buyer demographics, most buyers–who accounted for a sizable fifty-four percent of the market—were between the ages of thirty and forty-five. Sixteen percent of buyers were between the ages of forty and sixty, and twenty-four percent of consumers were under thirty.