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Pune Real Estate Trend: Luxury Homes Surge as Punekars Prefer High-End Properties in 2026
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News18•10-10-2026, 10:45
Pune Real Estate Trend: Luxury Homes Surge as Punekars Prefer High-End Properties in 2026
- •According to the latest Knight Frank India report, total home sales in Pune remained stable during the nine-month period from January to September.
- •Punekars preference has significantly shifted towards luxury homes, with a massive 32 percent year-on-year growth recorded in properties priced above one crore rupees.
- •Sales of homes priced between Rs 2 crore and Rs 5 crore witnessed a massive growth of 38 percent, reaching 2,897 units.
- •In contrast, the sales of budget homes priced below Rs 50 lakh saw a sharp decline of 22 percent, dropping to 7,219 units.
- •Pune ranks third among the top eight residential markets in the country, accounting for 14 percent of the total national sales.
Key Questions Answered
During the nine-month period from January to September 2026, total home sales in Pune remained stable at 36,402 units. However, there was a significant consumer shift toward expensive and luxury properties, with sales of homes priced above one crore rupees surging by 32 percent.
Residential prices in Pune experienced controlled growth, with the city's average property price rising by 4 percent to reach Rs 10,067 per square foot. This keeps Pune positioned as one of the most affordable major housing markets in the country.
Homes priced between Rs 50 lakh and Rs 1 crore saw the highest sales volume in Pune, with 15,891 units sold. In contrast, homes priced below Rs 50 lakh experienced a sharp decline of 22 percent down to 7,219 units.
