The Pune real estate market saw a 25% year-on-year (YoY) increase in property registrations in July 2024 with 13,314 properties being registered as against 10,614 in the same period a year ago, according to the data shared by Maharashtra government’s Department of Registrations and Stamps – the Inspector General of Registration and Controller of Stamp (IGR). The stamp duty collections in July 2024 also recorded an increase of 47% to touch ₹ 504 crore from ₹ 344 crore in July 2023, according to the data. In the first seven months of 2024, Pune reported 113,277 property registrations, reflecting a substantial 45% increase compared to the same period in 2023.
Stamp duty collections from these registrations also saw an increase, surpassing ₹ 4,127 crore, which represents a 47% year-over-year growth, according to an analysis by Knight Frank India, a real estate consultancy firm. In the financial year of 2023-24, a total of 1.46 lakh properties were registered in Pune district and the stamp duty collection stood at Rs5,785 crore, according to the data of Knight Frank India.
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