1BHK Share Falls Below 9% in Pune as Buyers Shift to Bigger Homes

Pune’s residential housing market is witnessing a significant decline in 1BHK apartment launches, with their share falling to just 8.7% of total new supply in 2024–25—the lowest in the past eight years. According to a report by Gera Developments, the shift reflects changing buyer preferences post-pandemic, with most opting for 2BHK and 3BHK configurations.

The total number of units launched in Pune during July 2024 to June 2025 stood at 88,000, a drop from over 99,000 in the previous year. The proportion of 1BHKs within this supply has steadily declined since 2017–18, when they made up nearly half (48.1%) of all launches. That share dropped to 42.2% in 2018–19, then to 35.3% in 2019–20, and has fallen consistently since—plunging to below 9% in the latest year.

In contrast, the 2BHK and 3BHK segments have strengthened. While 2BHKs continue to dominate with a 48.2% share in 2024–25, 3BHKs have seen the sharpest rise—from just 5.5% in 2017–18 to over 31.6% in the current period. The 4BHK segment, though still niche, has expanded from 0.4% to 4.1% over the same period.

Developers cite a shift in buyer aspirations and economics. “Post-COVID, buyers are seeking more functional space,” said Rahul Ajmera, a developer with Vasupujya Corporation. “People who bought 1BHKs a decade ago are now upgrading. At the same time, developers prefer larger configurations due to better profitability.”

The supply shift comes amid an overall softening in sales. Pune recorded an 8% year-on-year decline in home sales, down from 93,737 units in 2023–24 to 86,666 units in 2024–25. Despite this, average apartment prices rose by 7.3%, according to the report.

The average apartment size has increased 25% in the last five years, from 966 sq ft in 2021 to 1,210 sq ft in 2025. Prices per sq ft rose by 43%, from ₹4,731 to ₹6,759. Consequently, the average ticket size has gone up by nearly 79%, from ₹45.7 lakh in 2021 to ₹81.8 lakh in 2025.

Rohit Gera, Managing Director of Gera Developments, said he does not expect 1BHK launches to rise significantly, even as developers aim to improve affordability. “The preference for larger apartments is structural. Developers may reduce sizes across categories to lower ticket prices, but the share of 1BHKs will likely remain below 10%,” he said.

The report attributes part of the demand slowdown to what it calls a “sticker shock” effect—where buyers are holding back due to the steep rise in overall cost of ownership. Still, most developers are choosing to build fewer, larger homes, hoping to attract long-term end-users.

Analysts suggest the compact home market will remain relevant only in select micro-markets driven by affordability. But the broader direction of the Pune housing market is clear: buyers are moving up the ladder, and the era of mass-market 1BHK launches is likely over.