Pune Home Sales Rebound 7% But Unsold Inventory Hits Record Rs 92,000 Crore, Gera Report Reveals
Pune, July 8, 2026: Pune’s residential real estate market has staged a notable recovery with home sales growing by seven percent year-on-year, effectively reversing a three-year slowdown. According to the newly released July 2026 edition of The Gera Pune Residential Realty Report, overall offtake rose to 92,341 units for the 12 months ended June 2026, up from 86,666 units in the previous year. However, a sharp 14 percent surge in new launches has outpaced this demand revival, pushing the total value of unsold inventory to an all-time high of ₹92,110 crore and signaling that developers are continuing to introduce supply faster than the market can absorb it.
The census-based study by Gera Developments Private Limited, which covers over 2,900 active projects and more than 3.4 lakh under-construction homes citywide, highlights an ongoing structural shift toward larger configurations driven primarily by upgraders rather than first-time buyers. The average home size in the city hit a record 1,275 square feet, with the 1,401–1,600 square foot segment growing by a third, while compact 600–800 square foot homes fell by 19 percent for the seventh consecutive year. This influx of larger formats has pushed the city’s inventory overhang to 11.3 months, with the highest concentration of stress evident in the Premium Plus segment at 13.5 months, whereas budget homes remained the tightest at 10.1 months. Regionally, the Pimpri-Chinchwad Municipal Corporation (PCMC) and West Pune corridors accounted for over 60 percent of this new supply, with West Pune commanding the highest prices at ₹8,592 per square foot and PCMC serving as the affordability anchor at ₹5,773 per square foot.
Despite the mounting inventory, property prices in Pune reached a record average of ₹7,082 per square foot, though the pace of appreciation has moderated significantly. Price growth cooled to 4.8 percent year-on-year, down from 7.3 percent in the previous cycle. This moderation, combined with an average salary growth of approximately 5.9 percent, has improved the city’s affordability index to 3.94 times annual income from 3.98x. This marks the first time in five years that salary growth has outpaced residential price increases, offering a breather to salaried professionals. However, buyers seeking immediate possession face a thin market, as ready-to-move-in homes remain remarkably scarce with only 2,065 completed units available out of the city’s total unsold stock.
Speaking about the findings, Rohit Gera, Managing Director, Gera Developments Private Limited, said: “After three years of slowing sales, we are finally seeing the market turn a corner. Home sales are up 7% year-on-year, and importantly, this recovery has come even as price growth eased to 4.8% from 7.3% a year ago — proof that a moderation in price increases, rather than discounting, is what’s bringing buyers back.”
Looking ahead, the report suggests that Pune’s residential sector enters the second half of 2026 in one of its healthiest overall balances in recent years, though its next chapter will be shaped chiefly by developer discipline. In the base-case view, sales are projected to stabilize within the 92,000 to 95,000 unit range as the recovery matures, with price growth expected to hover between 5 and 6 percent. While the current data does not indicate an imminent downturn, industry analysts warn that if new launches continue to outstrip buyer absorption, the city-wide overhang could exceed 12 months, potentially forcing price corrections in the oversupplied Premium Plus segment.
