Property registrations in the Pune real estate market fell by 17% year-on-year in January 2026, to 14,527 from 17,449 during the same period last year. On the other hand, stamp duty collections during the same period fell by five per cent $609 crore in January 2026 compared to $638 crore during the same period last year, according to data from the Inspector General of Registration and Controller of Stamps, Maharashtra.
On a monthly basis, property registrations and stamp duty collections increased. In December 2025, the Pune real estate market recorded 12,079 property registrations, and stamp duty collection stood at $444 crore, according to a Knight Frank India report.
Demand is shifting toward higher value homes
According to the report, real estate prices are up to… $Rs 1 lakh crore continued to represent the majority of registrations, with their combined share falling to 82 per cent in January 2026. However, this distribution of ticket sizes indicates a shift towards higher value homes. $50 thousand – $1 Crore and $1 Crore – $The Rs 2.5 lakh crore categories gained traction, with their shares rising to 29 per cent and 14 per cent, respectively.
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“Pune’s residential market has started 2026 on a high note, with over 14,500 property registrations and $609 crore in stamp duty collection in January. While registrations moderated year over year, the relatively low decline in revenue reflects continued momentum in higher ticket volume transactions. “On a sequential basis, the sharp recovery in both registrations and collections indicates renewed buying activity after the year-end slowdown,” said Shishir Baijal, international partner, chairman and managing director, Knight Frank India.
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“The shift towards mid-range and premium segments, coupled with steady demand for larger homes, suggests that end-user confidence remains intact even as volumes normalize from last year’s high base,” Baijal said.
Demand for large apartments continues to rise
According to the report, the distribution of house sizes in January 2026 remained largely constant with minor shifts across sectors. The share of units less than 500 square feet fell from 26 percent in January 2025 to 23 percent. The 500- to 800-square-foot category continued to dominate the market, rising from 45 percent in January 2025 to 46 percent in January 2026.
Homes with larger configurations saw a modest rise, with the 800-1,000 square foot and 1,000-2,000 square foot categories both increasing by one percentage point each to 14 percent, the report said. The share of homes larger than 2,000 square feet remained stable at three percent. Overall, demand patterns indicate stability, with a slight trend toward larger unit sizes.
In January 2026, Central Pune, comprising Haveli Taluka, Pune Municipal Corporation (PMC) and Pimpri Chinchwad Municipal Corporation (PCMC), maintained its leadership in residential transactions, capturing 67% of the market. West Pune, including Mawal, Mulshi and Velhi, accounted for the second largest share at 16%, while North, South and East Pune combined accounted for 16% of transactions during the same period.
