Housing Sales in 2025: Pune Surpasses Major Cities, Says CREDAI & CRE Matrix

Pune, 24^th February 2025 – CREDAI Pune Metro and CRE Matrix have released their much-anticipated Pune Housing Report – February 2025, highlighting Pune's continued dominance in India’s real estate market. According to the report, Pune has once again emerged as the top city for real estate sales across India in CY2024, maintaining its leading position for the fourth consecutive year since 2021.

The Pune Housing Report – February 2025 was officially unveiled at the Ramkumar Rathi Hall, CREDAI Pune Metro office in Camp by President Ranjit Naiknavare, CRE Matrix CEO Abhishek Gupta, Public Relations Convenor Kapil Gandhi, Management Committee Members Abhishek Bhatewara and Punit Oswal, Data Analyst Rahul Ajmera, and Hiren Parmar. The event was attended by over 100 representatives from the real estate industry.

Key Highlights from the Report:

1. India's Real Estate Leader: Pune led the nation with nearly 90,000 housing units sold in CY2024, generating a total sales value of ₹65,000 crores. This marks a significant increase from ₹30,000 crores in 2019, reflecting a remarkable growth of over 116%.
2. In Pune, real estate has emerged as the most preferred investment avenue, with 51% of individuals choosing property over other asset classes such as equities, gold, or fixed deposits.
3. Affordability Drives Growth: Pune remains India's most affordable metro city, attracting industries and migrants alike. With an average home price of ₹73 lakh, Pune remains the most affordable compared to metro cities like Bengaluru (₹1.35 crore) and Hyderabad (₹1.75 crore). Despite not being a capital city or having direct port connectivity, Pune continues to lead in housing sales thus bolstering its appeal as a residential hub. In Pune, homeownership is a common aspiration, with many residents able to purchase their own homes. In contrast, in other metro cities like Mumbai, high property prices often compel people to rent rather than buy.
4. Rapid Market Growth: Over the past five years, Pune’s residential market has recorded an impressive Compound Annual Growth Rate (CAGR) of 22% in the total value of unit sales.
5. Shifting Buyer Preferences: Homes priced below ₹70 lakhs contributed 60% of sales in CY2024—down from 85% in 2020—indicating a shift toward larger and more premium properties.
6. Surging Luxury Demand: Sales of units priced above ₹1 crore have surged by 5X (5 times) in the last five years, reflecting growing demand for luxury and premium housing.
7. Affordable Housing: Affordable homes priced below ₹45 lakhs now, contributes 30% of total sales, down from 55% in 2020, signalling a reduced supply in this segment.
8. Geographic Sales Concentration: Over 75% of housing sales were concentrated in three key regions—Pune North West (around Hinjawadi - Mahalunge), Pune North East (around Kharadi - Wagholi), and Pune North (Pimpri Chinchwad).
9. Significant Regional Growth: Pune South West (Kothrud-Bavdhan region) witnessed a remarkable 55% increase in the average value of units sold between CY2020 and CY2024.
10. Value Appreciation: The average value of a home in Pune has risen by 44% over the last five years, fueled by increasing flat sizes and higher input costs.

Mr. Rahul Ajmera delivered a presentation on ‘Real Estate Trends & Analysis,’ while a Senior Inspector provided valuable insights on cybersecurity. During his address, Mr. Ajmera highlighted that new project launches and housing supply in Pune have declined by nearly 25%, primarily due to delays in approvals, challenges in land acquisition, and regulatory constraints. This reduction has not only limited options for homebuyers but has also heightened competition among channel partners."

Mr. Ranjit Naiknavare, President of CREDAI Pune Metro, stated, “Over the past five years, we have witnessed an impressive 56% surge in sales volumes, solidifying Pune District as the most preferred and highest-selling real estate market in India. Additionally, the total sales value has doubled during this period, significantly boosting government revenues. The average home value now stands at ₹73 lakhs. Most notably, we have  seen a phenomenal 5 times(5X)  growth in homes priced above ₹1 crore, signaling Pune's evolution into a more affluent city with growing demand for premium apartments. “

Mr. Abhishek Kiran Gupta, CEO of CRE Matrix, stated, “I am thrilled to unveil yet another groundbreaking research report by CRE Matrix in collaboration with CREDAI Pune. It is encouraging to see that units priced between ₹1 crore and ₹2 crore have experienced the highest growth in value, clearly indicating that Pune homebuyers are not only purchasing more homes but also opting for larger, more spacious properties.

The Pune Housing Report presents accurate and reliable information, as all data and statistics are sourced directly from authoritative government bodies, including the Registration and Stamps Department and the Maharashtra Real Estate Regulatory Authority (MahaRERA). “