Property Rates in Pune have consistently risen over the years, making the city an attractive destination for both investors and homebuyers. With a variety of premium, mid-segment, and affordable properties, Pune offers options to suit different budgets and requirements. In this blog, we’ll dive into the property rates across different zones in Pune as of October 2024
1. Pune East
Property Rates in Pune: Known for its blend of residential and commercial developments, Pune East continues to be a premium zone. Popular areas like Koregaon Park and Kalyani Nagar command high property prices, attracting both luxury homebuyers and investors.
- Koregaon Park: ₹15,400/sq.ft. (46.7% appreciation in 5 years)
- Kalyani Nagar: ₹12,900/sq.ft. (38% appreciation in 5 years)
- Viman Nagar: ₹10,900/sq.ft. (38% appreciation in 5 years)
- Kharadi: ₹10,000/sq.ft. (39.9% appreciation in 5 years)
- Magarpatta: ₹11,500/sq.ft. (39.4% appreciation in 5 years)
Check out properties in PUNE EAST
2. Pune West
Pune West offers a mix of premium and mid-segment localities. Areas such as Baner and Balewadi have witnessed steady price appreciation due to their proximity to Hinjewadi IT Park and other commercial hubs. Property rates in Pune in these areas are influenced by the growing demand from IT professionals and the development of supporting infrastructure, making it a desirable location for both end-users and investors.
- Baner: ₹10,250/sq.ft. (50.7% appreciation in 5 years)
- Balewadi: ₹10,000/sq.ft. (49.3% appreciation in 5 years)
- Hinjewadi Phase 1: ₹8,200/sq.ft. (40% appreciation in 5 years)
- Mahalunge: ₹8,650/sq.ft. (53.1% appreciation in 5 years)
- Baner Pashan Link Road: ₹11,500/sq.ft. (53.3% appreciation in 5 years)
3. Pune South
Pune South has a good balance of affordable and premium localities. While the area has seen moderate growth compared to other parts of the city, property rates in Pune South remain attractive due to its excellent connectivity and developing infrastructure. This zone is particularly appealing for homebuyers seeking both value for money and future appreciation potential.
- Lullanagar: ₹10,350/sq.ft. (84.8% appreciation in 5 years)
- Bibwewadi Kondhwa Road: ₹10,350/sq.ft. (42.8% appreciation in 5 years)
- Wadgaon Budruk: ₹6,650/sq.ft. (38.5% appreciation in 5 years)
- NIBM: ₹7,150/sq.ft. (34.2% appreciation in 5 years)
- Yewalewadi: ₹5,450/sq.ft. (23.9% appreciation in 5 years)
4. Pune North
Pune North has rapidly grown as a preferred destination for affordable and mid-segment properties. With the development of the Pune-Mumbai Highway and its proximity to key industrial zones, property rates in Pune North have become increasingly attractive for both homebuyers and investors looking for growth potential and accessibility.
- Pune-Mumbai Highway: ₹10,000/sq.ft. (57.5% appreciation in 5 years)
- Charholi: ₹5,700/sq.ft. (27.7% appreciation in 5 years)
- Rahatani: ₹7,900/sq.ft. (24.4% appreciation in 5 years)
- Moshi: ₹5,450/sq.ft. (23.9% appreciation in 5 years)
5. Central Pune
Central Pune continues to remain one of the most premium areas in the city, with localities like Prabhat Road and Model Colony commanding the highest property rates in Pune. These areas are highly sought after due to their proximity to the city center, top educational institutions, and cultural landmarks, making them prime locations for both investors and homebuyers.
- Prabhat Road: ₹17,750/sq.ft. (24.6% appreciation in 5 years)
- Model Colony: ₹17,300/sq.ft. (38.4% appreciation in 5 years)
- Erandwane: ₹15,350/sq.ft. (25.8% appreciation in 5 years)
- Boat Club Road: ₹16,200/sq.ft. (20.4% appreciation in 5 years)
Conclusion
Pune’s property market is diverse, with prices ranging from affordable housing in the suburbs to premium residences in the city’s core areas. Whether you’re an investor or a homebuyer, Pune offers significant potential for capital appreciation and rental yields. With property rates in Pune steadily increasing due to ongoing infrastructural developments and a high demand for residential spaces, the city presents a promising opportunity for real estate exploration. Now is a favorable time to consider investing in this growing market.
