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.
Also Read: Pune real estate market's property registrations record 39% increase YoY in October, stamp duty collections up by 52% Is the Pune real estate market's performance in 2024 better than in 2023? According to the report, the Pune real estate market performed better in the first 11 months of 2024 than in the same period of 2023. In the eleven months of 2024, Pune's residential sector demonstrated remarkable growth, with property .
