Pune Real Estate Market 2026: H1 Sales, Prices and Unsold Stock

Sales held steady in the first half of the year, launches rose sharply, prices kept climbing at a moderate pace, and unsold stock grew. This report on the Pune real estate market 2026 brings together the latest published data, mainly Knight Frank India's H1 2026 report, with what it means for buyers in different parts of the city.

Pune real estate market 2026 at a glance

According to Knight Frank India's H1 2026 residential report, covering January to June 2026:

For the whole of 2025, Knight Frank recorded 50,881 homes sold, down 3%, and 56,118 launched, down 6%, with prices up 5% to an average of ₹9,875 per sq ft.

Registration data points the same way. An analysis of IGR records by CREDAI Pune and CRE Matrix counted 44,265 registered home sales worth ₹37,048 crore in H1 2026, with an average home price of about ₹84 lakh and 26% of homes selling for more than ₹1 crore.

Supply is growing faster than demand

The headline story of 2026 is supply. Developers launched 17% more homes than a year earlier, while sales grew only 2%. As a result, unsold stock rose 19% to nearly 58,000 homes.

Knight Frank describes the market as still well balanced: at 4.5 quarters, unsold stock would take a little over a year to clear at the current pace of sales, which is not excessive. But the trend matters for buyers. When supply outpaces sales, developers have less reason to raise prices sharply and more reason to offer deals, especially on slower-moving projects.

Early figures for July to September suggest the slowdown continued. Anarock reported Pune sales of about 15,690 homes in Q3 2026, down 6% from a year earlier.

Where homes are being built and sold

Knight Frank divides Pune into five zones. West Pune, which includes Baner, Aundh, Wakad and Hinjewadi, remains the largest market, but its share is falling as East and South Pune grow:

Two things stand out. East Pune, around Kharadi and Hadapsar, saw unsold stock jump 34%, with the slowest sales pace of the large zones. North Pune, which includes Pimpri, Chinchwad and Moshi, is the tightest market, with stock that would sell out in under two quarters.

Prices by locality

Prices rose across most localities, but not everywhere:

Wakad stands out: prices were flat over the year after a strong 2025, as heavy new supply in and around it was absorbed. Our Tathawade vs Wakad comparison looks at this in detail.

Which price segments are moving

Knight Frank's data on unsold stock by price shows where demand is strongest:

• ₹50 lakh to ₹1 crore is the healthiest segment, with only 1.9 quarters of unsold stock.
• Under ₹50 lakh, unsold stock fell 15%, but the share of sales in this segment has been shrinking as fewer affordable projects are launched.
• ₹1 crore to ₹2 crore is where stock is building fastest, up 54% to 21,382 homes, or seven quarters of sales.
• ₹2 crore to ₹5 crore stock roughly doubled, though from a smaller base.

For buyers in the ₹1 crore to ₹2 crore range, that means more choice and more room to negotiate.

What is driving Pune in 2026

• Jobs: demand from IT, global capability centres and manufacturing continues to support housing, particularly in West and East Pune.
• Infrastructure: Metro Line 3 from Hinjewadi to Shivajinagar opened on 4 November 2026 at 17 stations, with the Balewadi and Baner stations to follow, the Mumbai–Pune Expressway "missing link" opened in 2026, and the Pune Ring Road is under construction.
• Affordability: Pune remains cheaper than Mumbai, which keeps it attractive to buyers and to people relocating for work.
• Interest rates: the RBI raised the repo rate to 5.50% in October 2026, so home loan rates have edged up. Our home loan guide explains what that means for EMIs.

What it means for buyers

• Buyers have more choice than a year ago. With unsold stock up 19%, especially in the ₹1 crore to ₹2 crore range, take your time and negotiate.
• Don't buy on momentum alone. Wakad shows that a strong year can be followed by a flat one.
• Watch the micro-market. North Pune is tight while East Pune has plenty of stock, so the right strategy depends on where you are looking.
• Ready homes can be good value. With plenty of supply, some completed projects offer better deals and no GST. Our ready vs under-construction guide helps you compare.

For comparison with a year earlier, see our H1 2025 market report.

The PROPHUNT view

Pune's housing market is healthy but no longer one-way. Sales are steady, prices are rising at a moderate pace, and supply is catching up. For buyers that is good news: more options, more negotiating room and less pressure to rush. Shortlist on location, developer and the full cost, and use the data to negotiate. Our advisors track current offers across projects in West Pune and can tell you where the deals are. Talk to us before you decide.

Market data is from Knight Frank India's H1 2026 report, CREDAI Pune–CRE Matrix and Anarock, as published by October 2026. This article is general information, not investment advice.