Pune Dominates Housing Market, 44,000 Units sold ₹32,800 Cr in H1

Pune, July 31, 2025: Pune continues to lead as the most affordable and highest-selling metro city in the housing sector, according to the July 2025 edition of the Pune Housing Report, jointly published by CREDAI Pune and CRE Matrix.

The report, formally unveiled at an event attended by over 100 member developers, was released by Abhishek Gupta, CEO, CRE Matrix; Arvind Jain, VP, CREDAI Pune; Kapil Gandhi, Convenor, Public Relations; Hiren Parmar, Convener, Market Research; and Rahul Ajmera, Data Analyst.

In the first half of 2025, the Pune Metropolitan Region sold the largest number of houses with almost 44,000 units sold for a total of INR 32,800 crore in the first half (H1) of 2025, reflecting a 27 per cent increase in average unit value over the last three years.

Pune’s housing market grew from INR 36,000 crore in 2021 to INR 65,000 crore in 2024—an 80 per cent surge in three years. In just the first half of 2025, Pune has already surpassed INR 33,000 crore in total housing sales value.

Pune has consistently led major metros in housing sales volume over the past five years—a testament to its exceptional affordability, liveability and infrastructure ecosystem. Despite not being a state capital or having port access, Pune continues to retain its leadership in residential real estate, outperforming larger metro cities.

The share in sales of homes priced below INR 70 lakh in Pune has declined from 85 per cent in 2021 to 60 per cent in H1 2025. Similarly, properties priced under INR 45 lakh have seen a reduction from 55 per cent to 35 per cent over the same period. This shift is primarily attributed to escalating construction costs, rising land prices and a growing consumer preference for more spacious and luxurious living spaces.

Meanwhile, demand for homes priced between INR 70 lakh to INR 2 crore has more than tripled in four years with significant new launches in the INR 70 lakhs–INR 1 crore and INR 1– INR 2 crore segments. Sales of premium and luxury homes (more than INR 1 crore) have doubled in three years, reflecting a shift toward bigger, more expensive properties. Key regions—PCMC, Pune North West (areas around Hinjawadi IT park), and Pune North East (areas around Kharadi IT Park)—drive over 75 per cent of sales.

Key Highlights:

● Unmatched Affordability: With average home prices around INR 75 lakh, Pune remains the most affordable metro city, attracting industries and migrants.

● Office Market Boom: Pune ranks fifth nationally in office space sales. Pune’s office sector, now in the “100 million sq ft (MSF) club,” is projected to reach 150 MSF by 2030 with an 8.8 per cent CAGR in rentals over three years. There has been a phenomenal growth in office rentals of nearly nine per cent in three to four years—this means there will be more jobs, which can increase purchasing power and people can buy more houses. It is all interlinked.

● Warehousing Leadership: Pune holds the second position nationally in warehousing with 50 MSF of stock and near-zero vacancy.

● Infrastructure Boost: A forthcoming new airport and recreational spots enhance Pune’s appeal as a real estate and economic hub.

● Pune continues to stand out as the most affordable metro city for real estate, offering homebuyers significant value compared to all other major urban centres.

“The history of Pune real estate is one of steady development. Pune Metropolitan region has maintained its position as India’s top metropolitan region for home sales. Pune has firmly established itself as the first choice for homebuyers, ranking fifth nationally in office space demand and second for warehousing,” said Manish Jain, President, CREDAI Pune.  

“There’s significant potential for growth in both office and warehousing sectors.  This growth is also fuelled by Pune’s proximity to many scenic and recreational destinations like Mulshi, Mahabaleshwar and Lonavala—each just a short drive away—offering residents the perfect blend of urban convenience and weekend retreats.”

Gupta said, “Pune has emerged as a top-performing metro city, and has already reached INR 32,000 crore in its housing units being sold in just the first half of 2025. This indeed reflects a massive acceleration in demand. Units priced between INR 1 crore and INR 2 crore are the new sweet spot for Punekars, indicating a desire for bigger, spacious homes.”

Northwest Pune and PCMC region lead the way in the homebuying segment in 2025. The Pune housing market growth story has just started. “I foresee Pune shall soon breach the magical 1 lakh unit sales annually. Buyers are spoilt for choice and now have an array of options to choose from, spanning affordable to premium 1, 2, 3, and 4 BHK units.”

Additionally, with the upcoming Navi Mumbai International Airport, Pune will soon be just 1.5 to 2 hours away, enhancing its connectivity and appeal.

Ajmera said “Between January and June 2025, Pune experienced a significant decline in new housing launches, leading to a reduction in available inventory for homebuyers. This decrease in supply has provided developers with an opportunity to clear existing unsold stock.”

A primary factor contributing to the limited new project options was the delay in issuing environmental clearance, he added. “However, recent developments indicate that these regulatory hurdles are being addressed, which is expected to facilitate the timely approval of pending projects and stabilise the market.”

Pune is seeing a significant change in consumer behaviour in the real estate market. Buyers are well-informed, aspirational and prepared to make investments in homes that are prepared for the future. Even in areas that were previously price-sensitive, the demand for 2.5 and 3BHKs is increasing, which emphasises the need for mid-premium inventory.

The city is positioned to become a national model for sustainable urban growth thanks to recent infrastructure projects like the Pune Metro, Ring Road and planned international airport. The report highlights that this momentum can be accelerated by timely project clearances, ongoing policy support and the digitisation of land records.