Pune Home Sales Rebound 7% After Three-Year Slowdown, But Unsold Inventory Hits Record Rs 92,110 Crore: Gera Report

Pune, 9th July 2026: Pune’s residential real estate market has shown signs of recovery after three consecutive years of declining sales, with home sales increasing by 7% year-on-year. However, a sharp rise in new project launches has pushed the value of unsold housing inventory to a record ₹92,110 crore, according to the latest Gera Pune Residential Realty Report – July 2026.

The bi-annual report, released by Gera Developments, analysed more than 2,900 active residential projects and over 3.4 lakh under-construction homes across Pune Urban Agglomeration for the 12-month period ending June 2026.

According to the report, residential sales increased from 86,666 units in June 2025 to 92,341 units in June 2026. During the same period, developers launched 101,085 new homes, a 14% increase over the previous year, indicating that supply continues to outpace demand.

As a result, the replacement ratio—the number of homes launched compared to those sold—rose to 1.09, while inventory overhang increased to 11.3 months from 10.8 months a year earlier. The value of unsold housing stock surged 28% to ₹92,110 crore, the highest level recorded by the report.

The study also noted that demand has shifted towards larger homes. Sales of homes in the 1,401–1,600 sq. ft. category grew by 33%, while the 600–800 sq. ft. segment declined by 19% for the seventh consecutive year. Average home size reached a record 1,275 sq. ft., indicating that the market is increasingly being driven by buyers upgrading to larger homes rather than first-time homebuyers.

Despite rising inventory, price growth moderated. The average residential property price in Pune increased 4.8% year-on-year to ₹7,082 per sq. ft., compared to 7.3% growth in the previous year. The report said improved salary growth helped make homes slightly more affordable, with the affordability index improving to 3.94 times annual income from 3.98 times a year ago.

Speaking on the findings, Rohit Gera, Managing Director of Gera Developments, said the market has recovered after three years of slowing sales, but developers need to exercise caution as new launches are growing faster than demand. He added that the record level of unsold inventory should be closely monitored to avoid excessive supply that could affect project execution and cash flows.

The report highlighted that PCMC (Zone 6) and West Pune (Zone 4) accounted for more than 60% of the city’s new residential supply. West Pune continued to command the highest average prices at ₹8,592 per sq. ft., while PCMC remained the most affordable major market at ₹5,773 per sq. ft.
Another notable trend was the growing preference for larger configurations. Three-bedroom apartments now account for 33% of new launches, while one-bedroom homes have dropped to just 10%, significantly reducing options for entry-level buyers.

The report also found that ready-to-move-in homes remain scarce despite high overall inventory. Of the 86,954 unsold homes in Pune, only around 2,065 units are ready for immediate possession.

Looking ahead, Gera Developments expects Pune’s residential market to remain stable in the second half of 2026, with annual sales likely to remain between 92,000 and 95,000 units and price growth in the range of 5% to 6%. However, the report cautioned that if developers continue launching projects faster than homes are sold, inventory overhang could exceed 12 months, increasing the likelihood of price corrections, particularly in the premium housing segment.