Pune Dominates India’s Real Estate Market with 44,000 Homes Sold in H1-2025, ETRealty

Pune’s residential market recorded sales worth ₹33,000 crore in H1-2025, maintaining its position as India’s top-performing real estate market for the fifth consecutive year, according to CREDAI Pune Metro and CRE-Matrix data. With average home prices at ₹75 lakh – compared to ₹1.61 crore in Bengaluru and ₹2.26 crore in Mumbai, the city continues to attract both end-users and investors.

To decode these numbers, ET Realty spoke with Rahul Ajmera, Partner at Vasupujya Corporation and real estate data expert, for his insights on what’s driving Pune’s market and the new trends that are shaping the city’s future.

Mr. Rahul Ajmera brings a unique perspective to Pune’s real estate market. A Civil Engineer from IIT Bombay with over 13 years of experience and passion for data analytics, he now leads real estate development at his 40 year old family business – Vasupujya Corporation.

Primary (Non Resale) Home Sales in Indian Cities in January-June 2025

ET Realty: Pune is consistently topping sales charts across Indian cities. What’s driving this sustained momentum?

Pune has greatly benefited from the proximity and connectivity to Mumbai. It is one of the few industrial regions in the world that has the best of both worlds – Hardware (Manufacturing) and Software (IT), which are providing a massive boost to the job growth, irrespective of global uncertainties. The average home price in Pune is ₹75 lakhs, which is 50% cheaper than other IT cities like Bengaluru and Hyderabad. Metros like Mumbai and Delhi-NCR are almost 3X more expensive. This affordability edge continues to attract more companies to invest in commercial spaces here, which further drives more residential sales. A family earning ₹25-30 lakhs annually can comfortably afford a 3BHK in established areas like Baner or Kharadi – something unthinkable in Mumbai or Gurugram today. Pune has healthy competition among the many real estate developers and the highest supply of new homes in India, which keeps prices under control. It would not be surprising if Pune registers the highest % growth in urban population in the upcoming Census.

ET Realty: The data shows premium segment sales (Homes above ₹1 crore) grew from nearly 4500 units in CY2021 to 17,000 units in CY2024. What’s behind this 4X surge?

It’s a combination of factors. First, there has been a significant rise in average pay of employees post Covid19. Many new homebuyers have a sufficient budget for larger homes instead of compact ones. Second, many families who’ve been in Pune for 10-15 years are upgrading to bigger and better homes. With good weather and social infrastructure, Pune tends to attract a lot of smart human capital from across the country, who are unable to find the same convenient lifestyle back in their hometowns. Even for NRIs, Pune offers far more value for money than any other metro city in India. Interestingly, sales of homes priced below ₹1 crore dropped marginally in the same period, indicating a clear market shift towards the Premium Segment.

ET Realty: There has been a lot of public outcries about the condition of roads and traffic in Pune. What can the government do to support the city’s growth?

Like most rapidly growing cities, Pune faces the challenge of infrastructure keeping pace with residential expansion. The good news is that work has already begun on some long-awaited projects like the Pune Metro Extensions and Outer Ring Road. They will reduce the traffic in the city and boost affordable housing in the outer fringe areas. However, Pune still needs better roads, more metro lines, and an independent airport. The pace of infrastructure development in the city is slow and the government should divert more funds and expedite approvals. With the right infrastructure investments, Pune could become a major growth driver for India’s economy.

ET Realty: You have launched a website and book to help homebuyers. How do these initiatives help buyers?

Despite being in the digital age, there is an information overload, which makes it difficult for homebuyers to find the right projects. Google searches and property portals are dominated by paid ads. So I created myhomeinpune.com and myhomeinmumbai.com, where buyers in Pune and Mumbai can start their homebuying journey by getting a list of relevant projects without advertisement bias. It’s about giving people access to factual data on clean interface to make better decisions. I’ve also published a book – “Mumbai Housing Compass”, which gives granular insights into trends and new launches in each micro-market of Mumbai City. Mr. Boman Irani of Rustomjee Group was kind enough to write a foreword for it. Whether you’re planning to build, invest, buy, or simply understand this dynamic market, this book provides the clear, actionable information you need to make smart decisions in Mumbai’s competitive property landscape.

You can grab your copy of the Mumbai Housing Compass on Amazon and Flipkart.

Watch Mr. Rahul Ajmera provide some Hidden Tips to Homebuyers, to help avoid potentially risky projects.

Vasupujya Corporation is currently developing a residential project Neco Park Central at Kharadi (MahaRERA: P52100077542) and NA Plotting project Neco Officers Ville near NIBM Road (MahaRERA: P52100055782, P52100055846).

(Brand Connect Initiative)

• Published On Aug 25, 2025 at 02:17 PM IST

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