Pune has long been known as the Oxford of the East, but today, it’s also one of India’s fastest-growing IT hubs. With several new IT parks in development, Pune’s real estate landscape is shifting dramatically — especially in residential micro-markets near these tech corridors.
In this blog, we explore how upcoming IT parks are influencing property demand, rental trends, and investment opportunities in and around Pune.
🚧 The Tech Expansion: Upcoming IT Parks in Pune (2025 & Beyond)
Here are some of the most anticipated IT park developments:
- Hinjawadi Phase 4 Expansion (Hinjawadi-Mahalunge area)
- Kharadi IT-SEZ Extension with upcoming projects by World Trade Centre & EON IT Park
- Baner-Balewadi IT Growth Belt
- Lohegaon & Dhanori IT Clusters being explored by mid-sized tech firms
- Tathawade & Wakad peripheral expansion powered by Hinjawadi’s spillover
These parks are projected to add over 1.5 lakh jobs in the next 3–5 years, triggering a massive demand for residential properties near these hubs.
📈 Real Estate Ripple Effect: How IT Parks Influence Housing Demand
1. Price Appreciation in Nearby Areas
Properties located within 3–5 km radius of IT parks in Pune have already witnessed a 15–25% surge in prices, especially in Wakad, Kharadi, Baner, and Tathawade.
2. Rising Rental Yields
- 1 BHKs in Kharadi/Wakad now rent at ₹18,000–22,000/month (up from ₹12k in 2021)
- Rental yields in IT zones are outperforming Pune’s city average of 2.5–3%
3. Affordable Zones Gaining Attention
Areas like Lohegaon, Dhanori, and Charholi Budruk are emerging as affordable alternatives with future-ready infrastructure and proximity to new job zones.
🧑💼 Target Audience Shift: Who’s Driving This Demand?
- Young IT professionals and couples prefer proximity to work and amenities
- NRIs & investors are targeting these zones for high rental income
- Startups and remote teams are pushing demand for co-living spaces near tech hubs
The rapid growth of Pune’s IT sector has significantly influenced buyer preferences, particularly among young IT professionals and working couples, who prioritize proximity to workplaces, metro connectivity, and modern lifestyle amenities. This demand is fueling residential growth in areas like Hinjawadi, Kharadi, and Tathawade. Meanwhile, NRIs and savvy investors are actively targeting these emerging micro-markets for their strong rental yield potential and long-term appreciation. Additionally, with the rise of flexible work cultures, startups and remote teams are driving demand for co-living spaces and serviced apartments near tech corridors, further reshaping the city’s residential real estate dynamics.
🏘️ Investment-Worthy Residential Markets Around New IT Hubs
| IT Zone | Nearby Residential Hotspot | Avg. Price/Sq.ft (2024) | Growth Potential |
|---|---|---|---|
| Hinjawadi Phase 4 | Mahalunge, Tathawade | ₹6,000–₹7,200 | High |
| Kharadi Expansion | Lohegaon, Wagholi, Dhanori | ₹5,000–₹6,200 | Medium-High |
| Baner-Balewadi | Sus, Pashan, Aundh Annexe | ₹7,500–₹9,500 | High |
| Wakad & Tathawade | Punawale, Ravet | ₹5,800–₹7,000 | High |
🚀 Why Smart Buyers Are Moving Early
- Pre-launch projects in these areas offer introductory pricing and flexible payment plans
- Metro connectivity and Ring Road development are adding long-term value
- Proximity to top schools, hospitals, malls, and coworking spaces make these ideal for both living and renting out
Pre-launch projects in these rapidly developing IT zones offer an excellent entry point for homebuyers and investors, with introductory pricing, flexible payment plans, and early-stage benefits that promise higher returns as the area matures. The ongoing Pune Metro expansion and the ambitious Ring Road development are further enhancing connectivity and accessibility, driving long-term value and infrastructure-led appreciation. Add to that the proximity to top-tier schools, multi-specialty hospitals, premium malls, and coworking hubs, and these localities become not just attractive investment destinations, but also lifestyle-rich choices for families, professionals, and rental seekers alike.
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📌 Conclusion
The rise of upcoming IT parks in Pune is more than just a tech story — it’s a real estate revolution in the making. Areas once considered fringe are now investment goldmines, offering strong ROI, rental demand, and lifestyle convenience.
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If you’re a homebuyer or investor, now is the time to explore projects close to emerging IT corridors before prices climb further.
