Pune Reinforces Position As India’s Housing Capital With 44,265 Homes Sold In First Half Of 2026: Report
Pune, July 16, 2026: Pune has once again established itself as India’s premier residential real estate market, widening its lead over other major metropolitan regions across the country. According to the latest Pune Housing Report – July 2026, jointly released by CREDAI Pune and CRE Matrix, the city recorded 44,265 registered home sales valued at ₹37,048 crore during the first half of 2026. Drawing on official registration data from the Inspector General of Registration, Maharashtra, the report attributes Pune’s sustained market dominance to genuine end-user demand, a robust local employment ecosystem, and shifting buyer preferences, CREDAI Pune and CRE Matrix said in a press release.
This strong performance in the first half of the year builds on a long-standing track record of market leadership. Between 2021 and 2025, Pune recorded 4.28 lakh registered home sales, the highest volume among all major Indian cities. During this five-year period, Pune sold 37% more homes than second-placed Hyderabad and even surpassed the combined residential sales of Mumbai and Chennai. This volume translates to an average of one home sold every six minutes, highlighting the depth of demand driven by the continuous expansion of the IT sector, Global Capability Centres, automotive manufacturing, and allied industries.
The report also tracks a steady rise in property values, with the average price of a home sold reaching ₹84 lakh, representing a 38% increase since the first half of 2022. Concurrently, the overall value of residential transactions grew by 42% and the average price per square foot appreciated by 20% over the same period. While 26% of the homes sold during the first half of 2026 were priced above ₹1 crore—reflecting a steady transition toward premium housing—Pune has successfully maintained its status as one of India’s most affordable metropolitan markets. Nearly 74% of homes sold remained under the ₹1 crore mark, with the ₹50 lakh to ₹1 crore bracket standing out as the city’s largest and most active housing category.
Highlighting this unique market balance, Manish Jain, President, CREDAI Pune, said, “Pune’s housing market continues to reflect the confidence of genuine homebuyers. The average home value has risen to ₹84 lakh, while strong growth in premium housing indicates that buyers are increasingly upgrading their lifestyles. At the same time, the ₹50 lakh to ₹1 crore segment continues to be the city’s strongest, reinforcing Pune’s unique balance of aspiration and affordability. Backed by the continued growth of the IT sector, GCCs and the automotive industry, Pune’s residential market remains resilient, future-ready and well-positioned for sustained growth.”
Market experts point out that while some segments have cooled, the upper tiers of the market continue to show remarkable resilience. Abhishek Kiran Gupta, CEO, CRE Matrix, said, “While overall housing sales have moderated from the exceptional highs of the past three years, the softening has largely been confined to the lower and mid-income segments. Premium and luxury housing continue to witness sustained growth, reflecting Pune’s steady transition towards higher-value residential living. This is evident in the 42% increase in the value of homes sold over the last four years, highlighting the city’s economic maturity and the rising purchasing power of its homebuyers.”
Geographically, the expansion of the city’s commercial hubs has directly influenced residential appreciation across various micro-markets. The North East corridor, which includes prominent IT-centric areas like Kharadi and Wagholi, recorded the highest growth in average home values with a 54% increase since 2022. Meanwhile, the South West region witnessed the highest appreciation in price per square foot. Industry stakeholders believe that with robust employment generation, expanding physical infrastructure, and a healthy mix of premium and affordable inventory, Pune is well-positioned to maintain its status as India’s residential real estate benchmark.
