Pune’s real estate market has witnessed a surge in demand over the past few years. Buyers and investors have shown a keen interest in Pune’s real estate market. The reason behind this trend revolves around the fact that the property offers a substantial return upon investment. Individuals can make investments according to their budgets and preferences in the current real estate market. The market features many properties such as apartments, villas, builder floors, plots, and more.
Market Size of Real Estate in Pune
The market size of real estate in Pune is growing with a massive influx of developers, investors, and buyers. The Pune real estate market witnessed a hike in profit as renowned real estate developers launched many lucrative projects.
Furthermore, MNCs also play a vital role in enhancing the city's real estate market after introducing numerous businesses and corporate parks.
Infrastructure and Connectivity
Pune’s infrastructure is booming. Currently, there are around 60,246 flats available for possession or are already possessed.
Moreover, 9,150 properties are under construction.
One of the factors that boosted Pune’s real estate market is the inclusion of the 100 Smart Cities programme. The programme attracts prominent developers to launch numerous new projects in Pune.
Best localities in Pune
Pune is one of the fastest growing cities in India. The factors that play their part in development are seamless connectivity, newly launched projects by renowned developers, modern amenities and services that increase living standards, and so on.
Some notable places include Wakad, Hinjewadi, Kharadi, Wagholi, Tathawade, Hadapsar, Baner, Ravet, Bavdhan, Kothrud, Koregaon Park and so on.
Commercial in Pune
Real estate properties in Pune have seen an upward graph in the past few years. Several suburbs have become the hotspot for commercial properties in Pune. From the IT sector, renowned educational institutions and smart city initiatives, Pune have become a preferred destination for commercial enterprises. The city's expansion has attracted many real estate developers and investors who have boosted the trend of investing in office spaces, shops, malls, restaurants, and residential properties.
Areas like Pimpri Chinchwad, Baner, Kharadi, Wakad, Hinjewadi, and Mudhwa are major spots for commercial properties in Pune.
In recent years, the infrastructure and availability in these commercial areas have attracted plenty of businesses and an educated workforce.
Warehouses and Office Spaces in Pune
Commercial properties in Pune are flourishing with growing demand from E-commerce and a third-party logistics sector for office spaces and warehouses. Most top companies prefer to rent out warehousing spaces for commercial demands rather than investing in their land resources. The rent for warehouses in Pune ranges from INR 6,000 to INR 25 Lakhs depending on the location, while office spaces are available from INR 6,500 to INR 71.3 lakhs.
Many businesses prefer areas such as Pimpri Chinchwad, Baner, Kharadi, Mundwa and others for office spaces. The top locations for warehouses in Pune are Karve Road, Sanaswadi, Chakan, and Pimpri, to name a few.
Retail Spaces in Pune
The demand for retail spaces in Pune has increased since the E-commerce sector's growth. These spaces can be utilised as showrooms and retail centres as well. Retail spaces in Pune are available within a range of INR. 5,000 to INR 5.3 Lakhs and INR 4.25Lakhs to INR 10 crores for purchase. One can find retail spaces in Koregaon Park, Hadapsar, Mundhwa, Kalyani Nagar, Dhanori, and Hinjewadi.
Industrial Property in Pune
Pune is one of Maharashtra's major automobile and engineering hubs. The city attracts 20% of the entire industrial investment in India's exports and commerce. Industries in automobile and durable goods manufacturing are set up in Pune. The coming years will see a major boom in the industrial field in Pune as the city continues to expand. Such as Sanaswadi, Wagholi, Chakan, Pimpri Chinchwad, Bhosari, and Mukund Nagar.
The renting price for an industrial property or plot range from INR 1 lakh to INR 7 lakhs. The buying price begins at INR 12 lakhs up to INR 24 crores.
Agricultural Properties in Pune
Pune district is one of Maharashtra's major sugarcane producers. The city is called the Sugar City of Maharashtra as the first sugar mill in India, and The Brandy Factory was set in Pune.
One can find good quality and fertile agricultural land at a reasonable price. Some areas with high-yielding agricultural land in Pune are Kamshet, Mundhwa, Bakori, Mulshi, and Saswad road.
Flats in Pune
Pune is an upcoming city for real estate investments, as most localities promise high returns.
Furthermore, with numerous job openings, first-class infrastructure, and renowned educational institutions, there has been an increase in demand for flats in Pune. Thus, it is a wise and profitable decision to invest in real estate in Pune.
A few of the best localities of Pune are listed below that offer spacious flats or apartments with amenities and major spots close by.
Pune's Kalyani Nagar is one of the most upscale residential properties in the eastern corridors of the city. With smooth connectivity to the metro and amenities in proximity, the locality has gained much demand in recent years. The flats available for sale here can vary from 1-BHK to 5-BHK with a price beginning at INR 48 Lakhs and up to INR 5.5 Crores. The rental prices range from INR 7,500 for 1-BHK to INR 4.5 lakhs for 3-BHK.
Erandwane is one of the most desirable areas to live in as it is famous for the Film and Television Institute of India. The vicinity has top-grade schools and colleges, restaurants, and shopping malls. This has spacious housing options with established infrastructure and amenities. The sale price of the flats starts from INR 26 lakhs for a 1-BHK home and can go up crores for a 4-BHK flat. The rent starts from INR 8,000 for 1-BHK to INR 50,000 for 3-BHK.
Koregaon Park is a posh area in Pune with easy connectivity to hotspot areas, diverse leisure options and high-rise properties. The sale prices for flats in Koregaon Park range from INR40 lakhs for 2-BHK to INR 5.75 crores for a 4-BHK. The price range can vary depending on the flat type and the complex you choose. The rental prices at Koregaon Park start from INR10,000 for 1-BHK up to INR 3 lakhs for 4-BHK.
Boat Club Road
Boat Club Road, Pune’s high-end and upscale area, offers luxury properties with 5-star experience facilities. With the feel of a hill station and tree-lined streets, the Pune-Mumbai highway has this well-built community well connected to the rest of the city. This lively location houses flats that range from INR 1.6 Cr. for a 2-BHK to INR 12 Cr. For 4-BHK for sale purposes, The rental price for this locality begins at INR 22,000 for a 3-BHK to INR 65,000 for a 3.5-BHK.
With growing demands for flats in Pune, Shivaji Nagar gained popularity and has become a posh locality in Pune. This area welcomes you with plenty of greenery and holds many important government offices, city courts, and educational institutions, making it a likeable area. The sale price range for flats starts at INR 29 Lac for 2-BHK to goes up in crores for 5-BHK. The rent price starts from INR 10,000 for 1-BHK to INR 1.5 lakh for 4-BHK.
Kothrud has accomplished the title of Asia’s fastest developing suburb in the Guinness Book of World Records. It houses some of the lushest residential properties and commercial buildings in Pune.
Many residents looking for flats in Pune prefer this locality for its effortless connectivity to the city. One can find 1-BHK apartments to 5-BHK in this area. The sale starts from INR 22 lakhs and goes up to INR 9 crores and beyond, depending on the type of space, locality and furnishing option. The rental prices begin at INR 5,000 for 1-BHK up to INR 2.5 lakhs for 4-BHK.
Senapati Bapat Road
Senapati Bapat Road gained popularity as a posh area because of Symbiosis College. It is a straight road comprising malls, temples, hospitals, and multi-storey residential and commercial towers. One can buy 2-BHK flats as per their preference, starting from INR 95 lakhs to INR 2.5 cr. and above. The rent prices in this locality start at INR 12,000 for 1-BHK up to INR 80,000 for 4-BHK.
Top international IT companies have offices here, attracting the IT crowd from all over the country. Hinjewadi, the economic hub of Pune, has shown a significant increase in demand for residential properties in the past few years. The price range starts at INR 9 lakhs for a studio apartment and goes up to INR 2 cr. and more for 5-BHK. The rent prices begin at INR 5,000 for 1-BHK up to INR 3.8 lakhs for 2-BHK.
Standard of Living
In terms of the city’s ranking for congestion, Pune ranks seventh, and due to that, real estate development is booming on the outskirts of the city. The property in Pune has decent price tags that individuals can afford without putting a load on their pockets. The Pune real estate market offers high returns on investment (ROI) and generates higher rental yields. Owning a home and living in Pune has become desirable as it has great weather and is situated near Mumbai. Several big companies have established their bases in Pune after realising the growth potential. The city has become one of the IT hubs in India.
Demographic Stats (By Population)
The demographic statistic of Pune by population has witnessed a slight hike as the population has increased by 21.96 Lakh as in the Census 2001, there were 72.33 lakh inhabitants. In the 2011 Census, the net value increased to 94.29 lakh. Naturally, the population is directly proportional to the demand for resources such as vegetation, jobs and accommodation. Furthermore, there has been a slight increase in the literacy ratio as the percentage of literacy rate rose from 80.45% to 86.15%.
However, it looks like a small hike if you look at the bigger picture; by keeping this number on the population scale, you will notice a considerable hike in the literacy rate.
In addition, to facilitate the mass, the government has launched multiple schemes and currently working to introduce more to make the inhabitants live with ease and comfort. To learn more details about the demographic statistics of Pune city, glance through the below-mentioned table.
Area Sq. Km
Proportion to Maharashtra Population
Sex Ratio (Per 1000)
Child Sex Ratio (0-6 Age)
Total Child Population (0-6 Age)
Male Population (0-6 Age)
Female Population (0-6 Age)
Child Proportion (0-6 Age)
Boys Proportion (0-6 Age)
Girls Proportion (0-6 Age)
Top Localities and Property Type with Price Trends in Pune
Pune has multiple localities that are considered posh residential paradises. The price trends of apartments, villas, builder floors, and plots are different. The below-mentioned information will give you a better understanding of the Pune real estate market.
Price Trends for Apartments
Price Range per sq. ft. In INR
Avg price per sq. ft. in INR
903 - 17,587 / sq. ft.
14,114.42 / sq. ft.
1,882 - 14,414 / sq. ft.
13,443.95 / sq. ft.
3,182 - 22,653 / sq. ft.
21,732.19 / sq. ft.
2,345 - 13,662 / sq. ft.
11,636.42 / sq. ft.
1,719 - 13,929 / sq. ft.
13,276.89 / sq. ft.
2,000 - 56,102 / sq. ft.
23,623.98 / sq. ft.
706 - 25,822 / sq. ft.
21,882.4 / sq. ft.
1,997 - 19,953 / sq. ft.
13,959.29 / sq. ft.
3,181 - 17,782 / sq. ft.
15,69.41 / sq. ft.
4,089 - 25,000 / sq. ft.
20,604.76 / sq. ft.
Price Trends for Builder Floor
Price Range per sq. ft. In INR
Avg price per sq. ft. in INR
5,009 - 10,833 / sq. ft.
6,711.53 / sq. ft.
6,042 - 8,000 / sq. ft.
7,278.49 / sq. ft.
7,529 - 16,625 / sq. ft.
13,593.14 / sq. ft.
1,250 - 3,763 / sq. ft.
2,925.63 / sq. ft.
5,851 - 9,149 / sq. ft.
7,339.9 / sq. ft.
4,545 - 8,056 / sq. ft.
8,55.56 / sq. ft.
7,500 - 21,212 / sq. ft.
10,881.14 / sq. ft.
5,775 / sq. ft.
5,774.78 / sq. ft.
4,167 - 7,427 / sq. ft.
6,810.91 / sq. ft.
4,431 - 15,400 / sq. ft.
15,100 / sq. ft.
Price Trends for Villa
Price Range per sq. ft. In INR
Avg price per sq. ft. in INR
5,567 - 10,968 / sq. ft.
9,902.13 / sq. ft.
5,156 - 14,733 / sq. ft.
9,970.24 / sq. ft.
4,444 - 21,429 / sq. ft.
13,28.15 / sq. ft.
3,138 - 13,059 / sq. ft.
8,867.98 / sq. ft.
3,910 - 8,889 / sq. ft.
7,229.22 / sq. ft.
5,392 - 18,750 / sq. ft.
13,600.59 / sq. ft.
1,444 - 22,917 / sq. ft.
15,912.34 / sq. ft.
3,571 - 14,586 / sq. ft.
11,689.65 / sq. ft.
4,350 - 15,000 / sq. ft.
11,750.17 / sq. ft.
7,778 - 18,750 / sq. ft.
17,101.14 / sq. ft.
Price Trends for Plot
Price Range per sq. ft. In INR
Avg price per sq. ft. in INR
499 - 5,058 / sq. ft.
3,771.89 / sq. ft.
251 - 6,800 / sq. ft.
6,770.17 / sq. ft.
150 - 10,000 / sq. ft.
6,258.06 / sq. ft.
150 - 4,000 / sq. ft.
3,987.53 / sq. ft.
150 - 10,200 / sq. ft.
10,89.49 / sq. ft.
1,800 - 11,900 / sq. ft.
9,172.87 / sq. ft.
1,500 - 5,250 / sq. ft.
5,221.43 / sq. ft.
2,700 - 9,600 / sq. ft.
9,15.38 / sq. ft.
1,369 - 12,500 / sq. ft.
9,414.29 / sq. ft.
Top Real Estate Developers in Pune
In the current Pune real estate market, there are numerous renowned real estate developers who have established themselves. Check out the below mentioned details to get more insight:
Ready to Move
Years or Experience
Goel Ganga Group
Goel Ganga Altus Wing D and EGoel Ganga Asmi
Ganga LegendGoel Ganga New Town Phase 2 Goel Ganga Millennia and 22 More
Goel Ganga carnationGoel Ganga Niwas and 91 More
Kumar PeninsulaKumar Park Infinia L2 L3 L4 K4 K5 and J4Kumar Parc ResidenceKumar Palladium Plaza
Kumar PrajwalKumar Picasso O and 22 More
Kumar Prithvi Phase IIKumar Purab and 84 More
Kolte Patil Developers Ltd
Kolte Patil R10Kolte Patil Life Republic R 10
Kolte Patil Ivy Estate Umang PrideKolte Patil Tuscan Parkland and 26 More
Kolte Patil Ivy Apartments, Kolte Patil Stargaze and 75 More
KUL 45 Nirvana Hills Kumar Urban 45 Nirvana Hills
Kumar Urban SpacesKumar Urban Laxmi Vilas
Majestique Memories 90 Phase IIMajestique Green Country and 6 More
Majestique Landmark Vanilika Majestique Manhattan G Building and 34 More
Majestique Landmark EuriskaMajestique Landmark City
Nyati Elysia 3Nyati Elysia 4 and 2 More
Nyati Kaleidoscope INyati Esteban 1 and 10 More
Nyati EpitomeNyati Eternity and 39 More
Top Locality for Rent and Sale in Pune
The below-mentioned localities will help you find the property you are looking for in Pune, as they contain all types of property with different floor plans and budgets:
Kharadi - INR 65 lakh to INR 1.11 crore
Wakad - INR 74 lakh to INR 1.17 crore
Baner - INR 1.70 lakh to INR 2.95 crore
Hinjewadi - INR 64 lakh to INR 69.99 lakh
Kondhwada - INR 1.44 crore to INR 2.93 crore
Kalyani Nagar - INR 47.00 lakh to INR 70.70 lakh
Bhugaon - INR41.81 lakh to INR 62.48 lakh
Real Estate Future in Pune
The real estate market of Pune is expanding to meet the accommodation and investment demand of the city. The government and private entities also fulfil the city's real estate demand. However, the land resources will not expand as the city's real estate demand, resulting in a shortage of land to introduce more real estate projects. Due to this factor, real estate development will take place in the outskirts of Pune and nearby cities in the upcoming years.
Q1. Is Pune good for real estate?
Ans. The Pune real estate market is booming as renowned developers are investors are making financial investments in Pune. The city is evolving as one of the IT hubs in India, creating more real estate investment opportunities.
Q2. What’s the future of real estate in Pune?
Ans. The residential sector registered around 40 218 home sales in CY 2021, which made Pune the third largest residential market in India. The year 2022 will break multiple existing real estate housing market records.
Q3. What are the best localities to make financial investments?
Ans. Kharadi, Wakad, Baner, Hinjewadi, Kondhwada, and other nearby localities are some of the best places that have the potential to generate a higher return on investment (ROI).
Q4: Which is the most expensive place to live in Pune?
Ans. Similar to other cities, the most expensive places in Pune are the localities that are leashed with community amenities. The few most expensive places to live in Pune are New Kalyan Nagar, Kothrud, Senapati Badpat Road, Koregaon Park and a few more.
Q5: How much does an apartment in Pune cost?
Ans. The average rent in Pune is somewhere about INR 20,000 monthly and the utilities will cost you some additional amount.
Q6: Pune vs Mumbai Real Estate Market
Ans. Pune’s real estate market development is similar to Mumbai, as both cities are situated in Maharashtra. Both cities have multiple projects by renowned developers and the inclusion of MNCs also plays their part in the city’s real estate development.
Q7: Best Real Estate location in Pune?
Ans. Almost every location including the outskirts of Pune are witnessing great real estate development. However, New Kalyan Nagar, Kothrud, Senapati Badpat Road, Koregaon Park and few more are some of the best real estate locations in Pune.
Q8: What are the average Pune House Rates?
Ans. The average new launch Pune house rates are about INR 9972 per sq. ft.
Q9: Why are property rates so high in Pune?
Ans. Pune has become one of the IT hubs in India and there are multiple business parks, and corporate parks which is one of the reasons why the property rates are a bit higher compared to other cities.
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