About

Pune is a city in Western India, Maharashtra state. It's known for the IT, automobile, and manufacturing industries. It's also called the "Oxford of the East" due to its prestigious educational institutions. It used to be called Poona until 1978. The city covers an area of 15.642 sq km and has about 7 million people. It's the administrative centre for the Pune district and division, and it's a key part of the Pune Metropolitan Region.

Why Buy Flats/Apartments in Pune?

Pune offers a range of affordable properties to meet different needs. It has good connectivity to Mumbai through the Mumbai-Pune Expressway and is well-connected to nearby cities like Bijapur, Mumbai, Ahmednagar, and Aurangabad.

Pune has also emerged as a prominent IT hub in India, with many multinational companies establishing their offices in the city. It is also known for its vibrant arts and music scene, historical landmarks, and festivals.

Regarding flats, options are available at various price points, catering to investors and homebuyers. In summary, selecting Pune as your investment location ensures you won't compromise on quality, preferences, budget, amenities, or location.

Investment Trend in Pune

With its rich history, vibrant culture, and increasing economic growth, Pune has become a prime destination for local and international investors looking to capitalise on the region's promising property market. Shivaji Nagar (7.3%), Viman Nagar (2.2%), and Lohegaon (1.6%) experienced rising average rates in the last year because of their strategic positions, excellent airport connectivity, and closeness to job centres.

Balewadi (7.4%), Baner (7.1%), and Kharadi (6.3%) saw average rate increases, thanks to their proximity to major employment hubs and ongoing infrastructure improvements. Talking about the popular neighbourhoods in Pune, such as Koregaon Park, have seen a rise of 50.3% in total property appreciation since 2021.

Sqft Price for Top 20 Areas in Pune

Here is the price list for some of the top areas in Pune:

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Pune's Real Estate Landscape

Despite being the second-largest city in Maharashtra, Pune offers more budget-friendly property rates than Mumbai. This makes Pune an excellent choice for real estate investments. The real estate projects in Pune come with a wealth of amenities, including shopping malls, movie theatres, renowned educational institutes, and excellent connectivity.

Koregaon Park, one of the priciest areas in Maharashtra, is located in Pune. Known for its luxurious residential properties, high-end amenities, and proximity to business hubs, Koregaon Park stands out as the most affluent area in Pune. The city also boasts luxury projects like Kolte Patil 24K Atria, Pandit Neel Prabha, Kasturi Lords Estate, Pandit Javdekar Almira, Kumar Privie Selena, and Ajmera Aria.

South Pune

South Pune is predominantly a residential area in rapid demand due to its excellent connectivity to MG Road, the Magarpatta IT hub, Pune railway station, and Camp. Areas like Pisoli, Mohammadwadi, Wanowrie, Katraj, NIMB, Kondhwa and Undri are popular residential choices.

Pune South is known for its well-planned layouts, abundant land availability, and numerous reputable educational institutions. Leading developers like Goel Ganga, D.S.K, Salarpuria, Clover, Mittal Group, Amit Enterprises, Marvel, Kolte Patil, Tata Housing, and Godrej have undertaken significant projects in this area.

Some of the residential projects in South Pune include, Saniket The Rising, Sai The Greater Good, and Adhar Amber Plaza

West Pune

The Western Suburbs consist of Hinjewadi, Aundh, Baner, Balewadi, Pashan, Wakad, and Kothrud. The area is in high demand due to its excellent connectivity, strategic location, and its association with the booming information technology sector.

It is home to prominent educational institutions like Sinhagad, Indira College, MIT, and a portion of Pune University. Additionally, you can find luxury hotels like the Seasons, Holiday Inn, and Marriott Courtyard in this area, along with renowned hospitals such as Lata Mangeshkar Hospital, Aundh Chest, Sahyadri, and Medipoint.

Developers like Kolte Patil and Lodha Group have made marks in West Pune. Furthermore, residential projects like Ganga Acropolis, Kolte Patil 24Atria, and Celestial City Phase 2 enhance West Pune.

East Pune

Eastern Suburbs include Wagholi, Viman Nagar, Kalyani Nagar, Kharadi, and Hadapsa. The area is home to some of the leading IT parks in the city, such as EON IT Park (Kharadi) and Magarpatta City.

Eastern suburbs enjoy smooth connectivity to major IT parks, airports and railway stations along with other notable places in Pune, such as Koregaon Park- considered the cultural and retail epicentre of the city. Major builders in East Pune include Kolte Patil, Nyati, Mantra and Guardian.

East Pune includes top residential projects like Marvel Cerise, Brahma Suncity Platinum, and Forest County.