Pune Property Market Report March 2026 — Monthly Data & Insights

Pune’s property market enters the end of the financial year — always a pivotal period — with strong momentum from a Q4 2025-26 that has exceeded most analyst projections. Registration volumes are running ahead of last year, price appreciation has been steady rather than speculative, and NRI enquiries have seen a notable uptick. This monthly report synthesises data from IGRS Maharashtra (registrations), MahaRERA filings, developer disclosures, and primary market intelligence to give you a clear-eyed view of where Pune’s market stands in March 2026.

Registration Data: The Ground Truth

Property registrations are the most reliable indicator of actual transactional activity — unlike price surveys or launch announcements, a registration reflects a buyer who has actually exchanged money.

February–March 2026 Estimated Registrations:

• February 2026: approximately 5,200 residential unit registrations in Pune Municipal Corporation and PCMC jurisdictions combined
• March 2026 (month-to-date estimate): tracking toward 5,800–6,200 registrations, consistent with the year-end uptick as buyers rush to complete before the financial year close

Year-on-year comparison:

• February 2025: approximately 4,650 registrations
• Growth: approximately 11–12% YoY for the PMC+PCMC combined jurisdiction

What is driving the uptick:

1. Financial year-end decision urgency — many buyers who have been evaluating since Q3 2025 complete in March to avail stamp duty payments within the current FY
2. Completion of Metro Line 1 (Pimpri–Phugaon) construction milestone updates driving PCMC area confidence
3. Broad-based affordability improvement as home loan rates fell 25–50 bps following RBI rate actions in Q3 2025

Price Trends by Zone

West Pune (Baner, Wakad, Balewadi, Aundh, Hinjewadi belt)

Average price: ₹8,000–₹8,500 per sqft (carpet area basis)

West Pune remains Pune’s most sought-after residential market, anchored by Hinjewadi IT park employment and the Baner-Aundh lifestyle corridor. Price appreciation over the past 12 months: approximately 8–10% in the primary market.

Key micro-market data:

• Baner (premium projects): ₹9,500–₹12,000/sqft
• Wakad (mid-premium): ₹7,200–₹8,800/sqft
• Balewadi (new supply): ₹8,000–₹10,000/sqft
• Punawale / Tathawade: ₹6,500–₹7,500/sqft
• Marunji / Maan: ₹5,800–₹7,000/sqft (new developments)

Supply dynamics: New project launches in Q4 FY26 remain healthy in Wakad and Punawale but inventory in core Baner is increasingly tight. Builders report that good 2BHK and 3BHK units in Baner’s better projects are selling within 60–90 days of launch.

PCMC (Pimpri-Chinchwad Municipal Corporation)

Average price: ₹6,500–₹7,200 per sqft (carpet area basis)

PCMC continues to offer the best value-for-money in the Pune metro area. The combination of Metro connectivity, strong manufacturing sector employment base, and significant new builder inventory makes this the most active volume market.

Key micro-markets:

• Akurdi / Nigdi (Metro-adjacent): ₹6,800–₹7,800/sqft
• Chikhali / Moshi: ₹5,800–₹6,800/sqft
• Ravet / Punawale (PCMC side): ₹6,500–₹7,500/sqft
• Bhosari: ₹5,500–₹6,500/sqft

Appreciation: 10–12% over 12 months in Metro-adjacent pockets. PCMC is the standout value-appreciation story in the Pune metro for FY26.

East Pune (Kharadi, Viman Nagar, Wagholi, Magarpatta)

Average price: ₹9,000–₹10,000 per sqft (carpet area basis)

East Pune commands a price premium reflecting airport proximity, the Kharadi EON Park tech employment base, and established lifestyle infrastructure. However, price growth has moderated — appreciation of 6–8% YoY, below west Pune and PCMC.

Key micro-markets:

• Viman Nagar: ₹10,500–₹13,000/sqft (limited new supply; mostly resale)
• Kharadi: ₹8,500–₹10,500/sqft (new launches + resale)
• Magarpatta City (resale): ₹9,000–₹11,000/sqft
• Wagholi: ₹5,800–₹7,000/sqft (still affordable despite east Pune general premium)

Central and South Pune (Kothrud, Karve Nagar, Hadapsar, Undri, Kondhwa)

Average price: ₹8,500–₹10,000/sqft (Kothrud belt); ₹6,500–₹8,000/sqft (south Pune)

Kothrud remains strongly valued — limited land availability, excellent social infrastructure, and proximity to Deccan Gymkhana. New launches here are few; resale dominates. Hadapsar, Undri, and Kondhwa offer more new inventory at more accessible price points with 7–9% appreciation.

New Launches: March 2026 Activity

March is a high-launch month as builders want FY26 project registrations completed before March 31. MahaRERA data for the first two weeks of March 2026 shows:

Notable launches (reported / confirmed):

• 8–10 new residential projects filed with MahaRERA in PMC and PCMC jurisdictions in the first two weeks of March
• Primary launch geographies: Wakad, Punawale, Chikhali, Hadapsar, and Undri
• Configuration mix: 2BHK dominant (approximately 60% of new units), 3BHK (30%), 1BHK (10% — mostly in affordable PCMC projects)
• New project RERA filings for FY26 (April 2025–March 2026): estimated 200+ new project registrations across PMC, PCMC, and PMRDA jurisdictions — up approximately 15% from FY25

Builder activity highlights:

• Kolte-Patil: Launched Phase 2 of a Wakad project (late February); Punawale project gaining momentum
• VTP Realty: Active in PCMC with new affordable 2BHK project in Chikhali
• Rohan Builders: Hadapsar project launch (3BHK segment, ₹95L–₹1.15Cr)
• Lodha Group: Belmondo Phase 3 inventory released to market
• Goel Ganga: Continued sales momentum in Hadapsar projects

MahaRERA Activity: Project Health Indicators

MahaRERA registrations and compliance data provide a useful health check on the market.

Key FY26 data (Apr 2025–Mar 2026):

• New project registrations: approximately 220+ across PMC/PCMC/PMRDA (vs. approximately 190 in FY25)
• Completion certificate applications: up 18% YoY — indicating builder delivery improving post-pandemic backlog
• Lapsed project notices: 12–15 projects received notices for missed milestones (RERA is enforcing timelines more rigorously in 2026)
• RERA complaint resolutions: average resolution time improving; approximately 60 days vs. 90+ days in 2024

Buyer implication: The increase in completion certificate applications confirms that a large wave of 2019–2022-launched projects is finally being delivered. This is reducing the under-construction risk for new buyers, but also adding a volume of ready-to-move supply that may moderate price growth in some segments.

Home Loan Disbursements and Affordability

RBI policy rate context: The RBI cut the repo rate by 25 bps in October 2025 and signalled potential for further easing. As a result, home loan rates from major banks have moved down:

• SBI (RLLR-linked): 8.40%–8.65%
• HDFC Bank: 8.50%–8.75%
• ICICI Bank: 8.55%–8.80%
• Axis Bank: 8.50%–8.75%

Affordability impact: At ₹8.50% for 20 years, a ₹70L loan costs approximately ₹60,900/month EMI. At peak rates of 9.25% (18 months ago), the same loan cost ₹64,200/month. The ₹3,300/month reduction translates to approximately ₹4L of additional loan eligibility for a household earning ₹1.2L/month — meaningful in terms of the properties they can now qualify for.

Home loan disbursements: Major bank housing loan disbursements in the Pune region are estimated to be running 14–16% higher YoY for Q4 FY26, driven by both rate sensitivity and end-of-year decision urgency.

Affordability index: The EMI-to-income ratio for a median Pune buyer (IT professional earning ₹18L CTC, buying a ₹80L flat with 20% down) has improved from 42% at peak rates to approximately 37% — within the “comfortable” zone below 40%.

NRI Demand: Notable Uptick in Pune

NRI enquiries for Pune property have been a consistent theme of the past 24 months, but March 2026 shows an acceleration.

Key metrics (from developer and broker reports):

• NRI-attributed sales enquiries up approximately 18–22% vs. same period last year
• Primary demand geographies: Kharadi (airport proximity), Kalyani Nagar, Baner, and Balewadi
• Primary buyer origins: UAE, US, Singapore, UK in that order
• Preferred configurations: 3BHK (55%), 4BHK (25%), 2BHK (20%)
• Preferred price range: ₹1.2Cr–₹2.5Cr
• Payment mode: majority funding through NRE account + home loan; approximately 25% all-cash

What is driving NRI demand:

1. Rupee depreciation (₹1 = approx. 87.5 INR in March 2026 vs 83 in March 2024) has made India property 5% cheaper in USD terms for USD-earning NRIs
2. Pune’s improving infrastructure (Metro, Ring Road progress) is reducing the “infrastructure gap” perception
3. NRIs entering retirement planning phase — buying now for return-to-India housing
4. Parents back in Pune encouraging purchases as gifts/investment

Developer Sales Rankings: FY26 Market Leaders

Based on unit registrations and launch activity through FY26 (April 2025–March 2026):

Top developers by volume (Pune, estimated):

1. Kolte-Patil Developers — consistently highest volume in mid-premium segment; Wakad, Baner, Pune Station area
2. Rohan Builders — strong performer in Hadapsar and west Pune
3. VTP Realty — rapid expansion; strong in PCMC and affordable segment
4. Goel Ganga Development — reliable mid-market volumes in Hadapsar and east Pune
5. Puranik Builders — active in Punawale and Bavdhan
6. Godrej Properties — premium-segment market share growing in Baner and Kharadi
7. Lodha Group — national premium brand gaining Pune volume through Belmondo, Camelot series
8. Paranjape Schemes — established west Pune brand; consistent if not explosive volume

Outlook for April 2026

Demand drivers:

• Post-financial year, Q1 FY27 typically sees a brief lull (April–May) as decision-makers regroup. However, 2026 may be different — the pipeline of buyers who were evaluating but didn’t complete in March will continue into April
• Gudi Padwa (Maharashtra New Year) falls in late March/early April — traditionally the most auspicious home buying period in Maharashtra. Developers launch heavily around this date and buyers who consider muhurat significant will be active
• The festive calendar (Akshaya Tritiya in May 2026) provides a second near-term catalyst

Supply: April will see continued new launches as builders who have RERA registrations ready from March go public. Expect 6–10 new projects to launch publicly in April across PMC and PCMC.

Price direction: No reason to expect a correction. Pune’s market is supply-disciplined at the premium end and demand-supported across the board. A 6–8% price appreciation for full FY27 is the consensus forecast, with PCMC outperforming at 10–12%.

Interest rates: One more 25 bps cut from RBI is possible in the June 2026 MPC meeting if inflation remains benign. If it materialises, another ₹2,000–₹3,000/month EMI reduction on a ₹70L–₹1Cr loan — further supporting affordability and demand.

Summary for Buyers

Should you buy in March or wait for April?

• March is a sensible time to close if you have found the right property. Builders are motivated, your loan can be processed by month-end, and the financial year is a convenient accounting boundary
• If you haven’t found the right property, do not force a decision for financial year reasons — April and May will have new launches and Gudi Padwa / Akshaya Tritiya buyer events with genuine new inventory

Red flags to watch:

• Projects where builder is offering unusually large discounts (5%+ below published prices in premium areas) may have sales velocity problems — investigate why
• Projects approaching RERA deadline without OC filed — check MahaRERA status carefully

Segment calls for FY27:

• Best value appreciation play: PCMC — Akurdi, Chikhali, Ravet
• Best lifestyle + appreciation balance: West Pune — Wakad, Balewadi, Baner
• Best NRI/HNI segment: East Pune premium — Kalyani Nagar, Kharadi; Baner premium

For a real-time view of available inventory in your target budget and area, browse verified listings at punerealtyhub.com. Our market data is updated regularly with current prices, RERA status, and possession timelines for Pune’s active projects.