Pune's real estate market reported an 11% fall in the total number of property registrations in November 2024, with 13,371 property registrations, and a 2% revenue fall to ₹ 475 crore from ₹ 485 crore, according to data from the Maharashtra government. On a month-on-month (MoM) basis, property registrations decreased by 36% from 20,894 property registrations in October 2024, and revenue collections dropped by 37% from ₹ 751 crore. This trend can be attributed to the seasonal surge in October, driven by the festive activities of Diwali 2024 and Navratri 2024.
According to a report released by Knight Frank India, a real estate consultancy firm, the more subdued activity in November likely reflects a market adjustment following October’s heightened performance. However, when compared to the average monthly registrations in FY24 (April-November), excluding the outlier month of Diwali, the average registrations stood at 13,288. By this measure, the report said November remained broadly consistent, with 13,371 property registrations recorded.
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