Pune leads Indian metro cities in housing sales and affordability for H1 2025, with 44,000 units sold. Demand shifts toward premium homes, fueled by strong infrastructure, job growth, and market confidence.
Pune | August 01, 2025: Pune has once again secured its position as India’s most affordable and highest-selling metro city in the residential real estate market, according to the July 2025 edition of the Pune Housing Report. This detailed report, jointly prepared by CREDAI Pune and CRE Matrix, was unveiled at an event attended by over 100 real estate developers. The release was officiated by key figures including Abhishek Gupta (CEO, CRE Matrix), Arvind Jain (Vice President, CREDAI Pune), Kapil Gandhi (Public Relations Convenor), Hiren Parmar (Market Research Convenor), and Rahul Ajmera (Data Analyst).
In the first half (H1) of 2025 alone, Pune Metropolitan Region recorded the highest real estate sales in India with nearly 44,000 units sold, accounting for a transaction value of ₹32,800 crores. This milestone marks a 27% rise in the average unit value compared to three years ago. Over the past three years, the housing market in Pune has seen a substantial growth trajectory—from ₹36,000 crore in 2021 to ₹65,000 crore in 2024. Notably, in just six months of 2025, Pune has already crossed ₹33,000 crore in housing sales, reinforcing its dominance in the sector.
Despite not being a state capital or a port city, Pune has consistently led the country’s major metros in residential sales volume for five consecutive years. This remarkable performance is credited to Pune’s unique blend of affordability, liveability, and a strong infrastructure ecosystem.
The CREDAI Pune–CRE Matrix report stands out in the industry for its credibility and depth. The data is derived from reliable government bodies such as the Maharashtra Registration and Stamps Department (IGR) and the Maharashtra Real Estate Regulatory Authority (MahaRERA).
The report further notes a changing trend in homebuyer preferences. The share of homes priced below ₹70 lakh in Pune fell from 85% in 2021 to 60% in H1 2025. Similarly, the share of properties below ₹45 lakh dropped from 55% to 35%. This shift is driven by rising land and construction costs and an increasing consumer demand for more spacious, feature-rich homes. Meanwhile, the segment between ₹70 lakh to ₹2 crore has seen its share more than triple in the last four years. Particularly, homes priced between ₹1 crore and ₹2 crore have emerged as the new sweet spot for buyers in the city.
Premium housing—properties priced above ₹1 crore—has seen sales double in the past three years. Areas like PCMC, North-West Pune (around Hinjawadi IT Park), and North-East Pune (around Kharadi IT Park) are the city’s hottest zones, accounting for over 75% of total sales.
Key Insights from the Report:
- Affordability Advantage: With an average home price hovering around ₹75 lakh, Pune continues to be India’s most affordable metro for homebuyers.
- Office Market Growth: Pune now ranks 5th nationally for office space sales. The city’s office stock has entered the “100 million sqft club” and is expected to reach 150 million sqft by 2030. According to the IIMB–CRE Matrix CPRI report, Pune’s office rentals have grown at a CAGR of 8.8% over the past three years. This growth in jobs is expected to further boost home-buying power.
- Warehousing Strength: Pune stands 2nd nationally in the warehousing sector with 50 million sqft of stock and nearly zero vacancy.
- Infrastructure Edge: Upcoming developments such as a new international airport and new recreational zones are enhancing Pune’s appeal as a residential and economic hub.
CREDAI Pune President Manish Jain highlighted Pune’s consistent trajectory:
“The Pune Metropolitan Region has retained its position as India’s leading metro for home sales. With its growth in office and warehousing sectors, Pune is set for an even stronger future. Its proximity to leisure destinations like Mulshi, Mahabaleshwar, and Lonavala makes it a unique blend of urban living and weekend getaways. The market is evolving from affordability-driven to premium-oriented, and CREDAI Pune is proud to be at the forefront of this shift.”
Echoing this sentiment, CRE Matrix CEO Abhishek Kiran Gupta stated:
“With ₹32,000 crore worth of homes sold in just the first half of 2025, Pune’s real estate market has accelerated tremendously. The ₹1–2 crore segment is the new sweet spot for Punekars. North-West Pune and PCMC are leading the housing boom. We expect Pune to soon surpass the 1 lakh unit sales mark annually. Moreover, the upcoming Navi Mumbai International Airport will bring Pune even closer to Mumbai, enhancing its connectivity.”
Rahul Ajmera, data analyst and developer, pointed out that there was a drop in new project launches between January and June 2025 due to delays in Environmental Clearances (ECs), which reduced available inventory. However, with recent regulatory improvements, approvals are expected to pick up, helping stabilize the supply-demand gap.
Another trend emerging in Pune is the rising demand for 2.5 and 3BHK flats, even in previously price-sensitive areas—signalling the shift toward mid-premium housing. The report concludes that with ongoing infrastructure projects like the Pune Metro, Ring Road, and the upcoming international airport, Pune is poised to become a model city for sustainable urban development. It also underlines the need for streamlined project clearances, continued policy support, and digitisation of land records to maintain this momentum.
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