A Pune homebuyer has documented a sharp rise in the quoted price of a 3BHK flat within a short span of time. According to a post on X, the apartment was priced at Rs 1.80 crore during its launch last month.
When the buyer revisited the project after 15 days, the quoted price had increased to Rs 1.95 crore. On a subsequent enquiry, the price had gone up to Rs 2 crore, with the developer indicating that it could reach Rs 2.15 crore next month, pointing to either strong demand or rapidly rising prices in the city’s real estate market.
Here’s the post:
Went to see a 3BHK flat in Pune on launch a month ago.
Realtor quoted looks 1.80 CR.
Went there after 15 days again. This time, the price went to 1.95 CR.
I wanted to ask further questions yesterday. Quote is now 2 CR with projected to be 2.15 CR next month.
Either…
— Kunal Gandhi (@kunalvg) January 8, 2026
How is Pune’s real estate market performing in early 2026?
Pune’s real estate market in early 2026 is witnessing steady growth, even though residential sales dipped by 3% last year to 50,881 units. The slowdown is largely due to rising property prices and increasingly selective buyers, with demand tilting strongly towards mid, premium and luxury housing segments.
What are the key trends in residential prices?
Average residential prices in Pune now range between Rs 5,016 and Rs 7,367 per sq ft, reflecting a year-on-year increase of 5% to 11.8%. This price appreciation is being driven by sustained IT-sector demand, infrastructure upgrades such as metro lines, and low inventory in prime locations. While residential prices typically rise by 5% to 10% annually, areas close to metro stations or IT hubs have seen sharper gains of 12% to 20% over two to three years. Luxury housing continues to outperform, registering growth of up to 15% each year.
Which areas are leading residential price growth?
Dhankawadi, Kothrud and Kharadi emerged as the top-performing neighbourhoods in 2025, recording price increases of 16.19%, 15.90% and 15.74%, respectively. Other strong locations include Aundh, which saw a 15.26% rise, and Kondhwa with 10.78% growth, supported by metro connectivity and mixed-use developments. Baner and Hinjewadi also maintained healthy growth of 10% to 15% amid ongoing IT expansion.
What is driving sharp price surges in these locations?
Price escalation in these areas is being fuelled by limited supply in prime corridors, major infrastructure upgrades such as metro connectivity and road widening, and proximity to employment hubs like EON IT Park and the World Trade Centre in Kharadi. Lifestyle factors, including access to premium schools, green spaces and gated communities, along with strong demand for mid-to-premium homes, are also pushing prices higher.
Which areas stand out in Pune’s commercial real estate market?
Viman Nagar continues to attract strong retail and office demand due to its proximity to the airport and IT parks. Hinjewadi remains a stable corporate leasing hub, while NIBM Road is seeing growth in luxury retail backed by a rising residential catchment. Kharadi benefits from business expansion around EON and WTC, and Sadhu Vaswani Chowk in Camp remains a central commercial hub, supported by infrastructure improvements.
What factors are influencing overall market stability and growth?
The market has shown resilience despite IT-sector layoffs and the impact of US tariffs, which have contributed to sales declines ranging from 3% to 20% in some segments. Importantly, Pune has avoided an oversupply crisis. Though unsold inventory rose by 11%, quarters-to-sell remained low at around four in prime corridors. Emerging areas such as Punawale and Balewadi have seen a selective slowdown, but prices have largely held firm due to disciplined developer activity and inflows from global capability centres.
What does the broader market summary indicate?
Overall, by the second half of 2025, average residential prices stood at Rs 5,016 per sq ft, marking a 5% year-on-year rise. Even with a 3% dip in sales to 50,881 units, unsold inventory increased to 51,653 units while maintaining a healthy quarters-to-sell figure of four. Luxury and premium housing segments continued to perform strongly. Notably, no Pune locality recorded a significant residential price decline in 2025, with citywide prices rising by an average of 5% and most areas appreciating between 5% and 16% amid consolidation and selective demand.
