Pune: Tops Housing Sales Again, Emerges as India’s Most Affordable and Highest-Selling Metro City
Pune has reaffirmed its dominance in India’s real estate market, emerging as the most affordable and highest-selling metro city in the country, according to the CREDAI Pune Metro and CRE Matrix Report 2025. The report, unveiled on February 28, 2025, at the Ramkumar Rathi Hall, CREDAI Pune Metro office in Camp, highlights Pune’s exceptional performance in housing sales and affordability.
In 2024, Pune led the nation with 90,000 housing units sold, marking a 56% increase from 2020. The total sales value surged to ₹65,000 crores, a 9.28% rise from ₹59,480 crores in 2023. With an average home price of ₹73 lakh, Pune remains significantly more affordable than other major metro cities like Bengaluru (₹1.35 crore) and Hyderabad (₹1.75 crore).
The report underscores Pune’s unique position as a residential hub, driven by its affordability and rapid market growth. Over the past five years, Pune’s residential market has recorded a 22% Compound Annual Growth Rate (CAGR) in the total value of unit sales. Notably, homes priced below ₹70 lakhs contributed 60% of sales in 2024, down from 85% in 2020, indicating a shift toward larger and more premium properties.
Luxury housing demand has also surged, with sales of units priced above ₹1 crore increasing fivefold in the last five years. Affordable homes priced below ₹45 lakhs now account for 30% of total sales, down from 55% in 2020, reflecting a reduced supply in this segment.
Geographically, over 75% of housing sales were concentrated in Pune North West (Hinjawadi – Mahalunge), Pune North East (Kharadi – Wagholi), and Pune North (Pimpri Chinchwad). The Pune South West (Kothrud-Bavdhan) region witnessed a remarkable 55% increase in the average value of units sold between 2020 and 2024.
The event featured presentations by key industry leaders, including Mr. Rahul Ajmera, who highlighted challenges such as delays in project approvals and land acquisition, which have reduced new project launches by 25%. CREDAI Pune Metro President Ranjit Naiknavare emphasized Pune’s evolution into a more affluent city, with a 5X growth in homes priced above ₹1 crore.
CRE Matrix CEO Abhishek Gupta noted the growing preference for larger, premium properties, with units priced between ₹1 crore and ₹2 crore experiencing the highest value growth.
With continued industrial growth and infrastructure development, Pune’s real estate market is poised for sustained expansion, solidifying its position as India’s most dynamic real estate destination.
