APPD Market Report Article

Pune

November 25, 2025

Residential sales record marginal growth q-o-q

  • In Q3 2025, the city witnessed residential sales of 13,863 units, marginally up by 3% q-o-q, indicating stable market momentum.
  • The North-West submarket led residential sales with 30.6% of Q3 figures, followed by North with 25.9%. Both submarkets benefit from proximity to commercial hubs and the Mumbai-Pune Expressway, with competitive pricing driving strong sales activity.

New launches up 15% q-o-q

  • On a YTD basis, new launches were up by 23% y-o-y. Except for the North and South-East submarkets, all others witnessed a q-o-q growth in new launches.
  • The North-West submarket had a significant 39.5% of the Q3 2025 launches, followed by the North-East submarket with 36.6%. The price category of INR 7.5-10 million saw the most launches during the quarter.

Capital values rise marginally q-o-q

  • Overall capital values rose by 1.9% q-o-q, corresponding to a 7.1% y-o-y growth. Both the North-East and North-West submarkets had healthier q-o-q price increases, especially the North-East, with strong sales supporting the price uptick.
  • The average rent in the city also rose slightly by 1.5% q-o-q and 2.8% y-o-y, mainly driven by increasing demand for rental accommodation in residential corridors that are in closer proximity to office and educational hubs.

Outlook: Festive season to provide a year-end kick to residential sales

  • North-East, North-West and North Pune are positioned to lead near-term market activity on the back of infrastructure development. Robust homeownership demand is expected to drive capital appreciation, with the INR 7.5-15 million segment emerging as the preferred choice.
  • Hinjewadi, Kharadi and Wagholi are emerging as prime residential development destinations due to their competitive land prices, planned infrastructure developments and thriving commercial ecosystems.

Note: Financial and physical indicators are for the overall market. Data is on a GFA basis.

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