Pune’s housing market closed 2025 with a clear imbalance between demand and fresh supply, signalling a structural shift in how and why homes are being bought in one of India’s fastest-growing urban regions. Registered apartment sales in the district significantly exceeded new residential launches during the year, underscoring sustained buyer confidence even as project approvals and new construction slowed. According to industry data compiled from registered sale deeds of newly built homes, Pune recorded more than 81,000 apartment registrations in 2025, while new project launches remained closer to 64,000 units. The divergence reflects a market where genuine end-user demand is moving ahead of supply pipelines, rather than being driven by speculative bookings or short-term inventory churn.
The value of housing transactions crossed Rs 63,000 crore during the year, pointing to a deeper trend beyond headline volumes. While the number of homes sold has grown steadily over the past five years, the total capital flowing into the market has risen faster, suggesting that buyers are increasingly opting for larger and higher-priced homes. This recalibration is reshaping the city’s residential landscape. Homes priced between Rs one crore and Rs two crore accounted for a sizeable share of transactions, alongside a growing number of sales above the Rs two crore mark. In contrast, smaller and lower-priced units have seen softer demand. Urban planners and market analysts link this to post-pandemic lifestyle changes, where space for home offices, multi-generational living, and better ventilation has become a priority.
Despite this upward shift, Pune continues to remain comparatively affordable among major Indian metros. The average home price in 2025 hovered around Rs 78 lakh well below corresponding averages in Mumbai, Bengaluru, or Hyderabad. Nearly 80 per cent of all homes sold were still priced under Rs one crore, reinforcing Pune’s reputation as a value-driven market that balances aspiration with accessibility. On the supply side, developers are responding by redesigning product mixes. New projects increasingly feature three- and four-bedroom layouts, while one-bedroom units now form a shrinking share of new launches. Average unit sizes have expanded, aligning with evolving household needs and longer occupancy horizons.
The slowdown in new launches was not driven by weak demand but by procedural delays in approvals across multiple planning jurisdictions around Pune. Even so, the district continues to lead the country in MahaRERA project and agent registrations, indicating sustained long-term confidence in the region’s growth trajectory. With ongoing investments in transport infrastructure, employment hubs, and regional connectivity, Pune’s housing market appears to be entering a more mature phase one where controlled supply, higher-quality construction, and price stability may play a greater role than rapid expansion. For policymakers and city planners, the challenge ahead will be ensuring that this growth remains inclusive, resource-efficient, and aligned with the city’s long-term urban resilience goals.
