Pune’s residential market began 2026 on a tempered note, with property registrations declining 17 per cent year-on-year to 14,527 in January, compared to 17,449 in the same month last year. Stamp duty collections fell by a relatively modest 5 per cent to ₹609 crore from ₹638 crore, according to data from the Inspector General of Registration and Controller of Stamps, Maharashtra, as cited in a report by Knight Frank India. The narrower decline in revenue signals sustained traction in mid- and higher-value housing segments.

On a month-on-month (MoM) basis, both property registrations and stamp duty collections increased. In December 2025, the Pune real estate market registered 12,079 property registrations, and stamp duty collection stood at ₹444 crore, according to a Knight Frank India report.

According to the report, properties priced up to ₹1 crore continued to account for the majority of registrations, with their combined share moderated to 82 per cent in January 2026. However, this distribution of ticket sizes indicates a shift towards higher-value homes. ₹50 lakh – ₹1 crore and ₹1 crore – ₹2.5 crore categories gained traction, with their shares rising to 29 per cent and 14 per cent respectively.

“Pune’s residential market has started 2026 on a measured note, with over 14,500 property registrations and ₹609 crore in stamp duty collections in January. While registrations moderated YoY, the relatively lower decline in revenue reflects continued momentum in higher ticket-size transactions. On a sequential basis, the sharp rebound in both registrations and collections signals renewed buying activity after the year-end slowdown,” said Shishir Baijal, International Partner, Chairman, and Managing Director, Knight Frank India.

“The shift toward mid and premium segments, along with steady demand for larger homes, indicates that end-user confidence remains intact even as volumes normalise from last year’s elevated base,” Baijal said.