Pune’s residential real estate market witnessed a modest slowdown in 2025, with home sales declining 3% year-on-year to 50,881 units, as rising prices and selective buyer behaviour led to a phase of consolidation after four years of strong growth, according to Knight Frank India. While demand remained largely end-user driven, new launches also moderated as developers focused on proven micro-markets and maintained supply discipline amid steady long-term demand visibility.

On the launch end, the report stated that the launches decreased by 6% in 2025 to 56,118 units, compared to 2024. In the last six months of 2025, the launches fell by 6% to 29,559 units.

The report said that developers continued to focus on active corridors and proven micro-markets, avoiding broad-based expansion despite steady long-term demand visibility.

According to the report, homes priced below ₹50 lakh saw their share of sales decline sharply to 23% in H2 2025, from 32% in H2 2024. The ₹50 lakh to ₹1 crore segment emerged as the most active, accounting for 46% of sales, while the ₹1 crore to ₹2 crore segment increased its share to 24%, highlighting the growing acceptance of high-ticket size properties.

According to the report, residential prices continued to trend upward, with average prices rising to ₹5,016 per square foot in H2 2025, reflecting a 5% year-over-year (YoY) increase. The report said that price appreciation was supported by sustained demand in well-connected western and eastern corridors.

According to the report, West Pune, which is closer to Mumbai, remained the dominant demand centre, accounting for 40% of the total sales in H2 2025, remaining unchanged YoY. Locations such as Baner, Wakad and Hinjewadi continued to attract buyers due to a combination of employment access, social infrastructure and relatively wider housing choices, the report said. The North micro-market accounted for 23% of sales, while East Pune contributed 22%, reflecting steady demand in Viman Nagar, Kharadi and Hadapsar.

West Pune also remained dominant in terms of launches, accounting for 43% of new supply in H2 2025, up from 39% in H2 2024. East Pune maintained a stable 25% share of launches, while North Pune witnessed a moderation in supply additions. The alignment between launch and sales patterns reflects a disciplined developer response to demand signals.

According to the report, overall unsold inventory rose to 51,653 units in 2025, up 11% YoY, while Quarters-to-Sell (QTS) stood at four quarters, remaining within a comfortable range. The average age of unsold inventory was 11.7 quarters, indicating that a significant portion of stock remains relatively fresh.