Top localities in Pune for buying or renting property


Here is a list of the top localities, to buy and rent a house in Pune

Every year, Pune witnesses a significant influx of people coming to the city for work or higher education. This has made Pune’s property market one of the most active in the country. We have curated a list of top localities in Pune for investment or even if you are intending to stay on rent.

 

Top localities in Pune for buying or renting property

 

See also: Cost of living in Pune

 

1. Baner

A residential-cum-commercial area in north-west Pune, Baner is strategically located, surrounded by Balewadi and Aundh, and also in close proximity to the Hinjewadi IT hub. The housing demand herein is driven mostly by working professionals. You have a lot of choice, when it comes to homes on rent or buy, as per current listings. The 23.3-km Metro along Hinjewadi Phase III-Civil Court, will further improve the connectivity in this area which is currently served by the Pune Mahanagar Parivahan Mahamandal Limited (PMPML).

Check out properties for sale in Baner

See also: Price trends in Baner

Prices at a glance in Baner

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 8,032

per sq ft

Rs 22 lakhs – 2 croresRs 43 lakhs – 4.7 croresRs 37,356 monthlyRs 15,000 – Rs 38,000Rs 20,000 – Rs 1.30 lakhs

Check out properties for rent in Baner

 

2. Hinjewadi

A prominent job hub, Hinjewadi in north-east Pune is a popular locality, when it comes to investment. The locality is well-connected with other strategic areas such as Wakad, Baner, Tathawade and Balewadi. The downside of Hinjewadi is perhaps the traffic, especially at peak hours but there is no dearth of housing demand, given its popularity among all sections of home buyers.

Check out properties for sale in Hinjewadi

See also: Price trends in Hinjewadi

Prices at a glance in Hinjewadi

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 6,060

per sq ft

Rs 24 lakhs -Rs 45 lakhsRs 35 lakhs – Rs 2.35 croresRs 21,264

monthly

Rs 5,000 – Rs 45,000Rs 8,000 – Rs 75,000

Check out properties for rent in Hinjewadi

 

3. Kharadi

Located in the eastern side of Pune, Kharadi has blossomed into a massive urban area. Kharadi was once a vast expanse of barren land but now it is dotted with residential and commercial projects. It is located close to the airport and major areas such as Koregaon Park, Cyber City and Kalyani Nagar. The connectivity by road also is a boon with road development projects being completed in this area. Owing to the development and availability of affordable housing, Kharadi is a very good option to buy a house.

Check out properties for sale in Kharadi

See also: Price trends in Kharadi

Prices at a glance in Kharadi

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 7,236

per sq ft

Rs 22 lakhs – Rs 1.8 croresRs 30 lakhs – Rs 11.60 croresRs 17,000

monthly

Rs 6,000 – Rs 45,000Rs 6,500 – Rs 75,000

Check out properties for rent in Kharadi

 

4. Wakad

Wakad is an ideal example of a rural area undergoing a transformation and Wakad has emerged as a major urban area. Good infrastructure, continuous water and power supply, have been key in making Wakad a sought-after place of residence by many individuals. It is easy to find a flat on rent in Pune if you start from Wakad. The major hospitals in Wakad are Polaris Healthcare, Lifepoint Multispeciality Hospital, etc.

Check out properties for sale in Wakad

See also: Price trends in Wakad

Prices at a glance in Wakad

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 5,792

per sq ft

Rs 40 lakhs – Rs 1.6 croresRs 24 lakhs – Rs 4.50 croresRs 22,772

monthly

Rs 3,000 – Rs 37,000Rs 6,000 – Rs 60,000

Check out properties for rent in Wakad

 

5. Hadapsar

The IT and ITeS hub of Pune, Hadapsar has undergone an immense transformation. Hadapsar had farms at one point in time but now, it has seen a drastic makeover. Corporate companies such as IBM, Accenture, TCS and SAS, to name a few, have their offices here. The Magarpatta City and Fursungi IT Park are standout names in this region. From the residential point of view, there are many entertainment and recreational facilities and the development in the real estate makes it a good option to settle down.

Check out properties for sale in Hadapsar

See also: Price trends in Hadapsar

Prices at a glance in Hadapsar

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 6,136

per sq ft

Rs 17 lakhs – Rs 2.25 croresRs 25 lakhs – Rs 7 croresRs 22,238

monthly

Rs 6,000 – Rs 55,000Rs 14,000 – Rs 75,000

Check out properties for rent in Hadapsar

 

6. Viman Nagar 

Viman Nagar offers good transportation facilities to its residents, proximity to the airport and two major IT Parks. It offers affordable to luxury housing, as well, which make it a place worth residing in. With infrastructure that is improving and moderate cost of living, Viman Nagar has all it takes to be a place worth shifting to. The major shopping malls in Viman Nagar are Inorbit and Phoenix Market City.

Check out properties for sale in Viman Nagar

See also: Price trends in Viman Nagar

Prices at a glance in Viman Nagar

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 8,889

per sq ft

Rs 26 lakhs – Rs 2.25 croresRs 49 lakhs – Rs 4.75 croresRs 13,500

monthly

Rs 7,000 – Rs 80,000Rs 9,000 – Rs 85,000

Check out properties for rent in Viman Nagar

 

7. Pimple Nilakh

Pimple Nilakh is one of the finest locations in the suburbs of Pune. The location enjoys all the advantages that the prime locations in the city enjoy. There are many IT companies in the area, giving an impetus to residential developments in Pimple Nilakh. Wadhwani Constructions, Muktaa Developers, etc., are the notable builders in Pimple Nilakh.

Check out properties for sale in Pimple Nilakh

See also: Price trends in Pimple Nilakh

Prices at a glance in Pimple Nilakh

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 6,136

per sq ft

Rs 20 lakhs – Rs 2 croresRs 40 lakhs – Rs 2.24 croresRs 22,238

monthly

Rs 12,500 – Rs 22,000Rs 20,000 – Rs 65,000

Check out properties for rent in Pimple Nilakh

 

8. Mundhwa

Mundhwa is an area towards the east of Pune. It is bound by the Mula River on its north, Manjri towards the east, Hadapsar in the south and Ghorpadi towards the west. The neighbourhood is close to east Pune information technology hubs like Magarpatta and Kharadi. Property rates in Mundhwa are quite affordable at present. Rise High School, Orbis School and Rajashree Shahu Maharaj Vidyalay, are the major schools in Mundhwa. The area is also equipped with big hospitals like Gaikwad Hospital, etc.

Check out properties for sale in Mundhwa

See also: Price trends in Mundhwa

Prices at a glance in Mundhwa

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 6,600

per sq ft

Rs 14 lakhs – Rs 2.95 croresRs 40 lakhs – Rs 3 croresRs 19,170

monthly

Rs 7,500 – Rs 45,000Rs 18,000 – Rs 70,000

Check out properties for rent in Mundhwa

 

9. Balewadi

Balewadi is a north-western suburb of Pune, located in the outskirts of the city’s older areas. It is famous for housing the Shiv Chhatrapati Sports Complex. Balewadi enjoys close proximity to Aundh, Baner and the Mumbai-Pune Expressway. Hence, properties in Balewadi are highly desirable. Pearly White Dental Clinic, Apex Eye Care Clinic and Life Line Hospital are among the major hospitals in Balewadi.

Check out properties for sale in Balewadi

See also: Price trends in Balewadi

Prices at a glance in Balewadi

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 6,136

per sq ft

Rs 20 lakhs – Rs 1.80 croresRs 36 lakhs – Rs 6 croresRs 22,250

monthly

Rs 16,000 – Rs 45,000Rs 19,000 – Rs 55,000

Check out properties for rent in Balewadi

 

10. Kondhwa

One of the oldest colonies situated towards the south-east of Pune, is Kondhwa. It is among the most recently developed residential areas and fastest growing suburbs in Pune. Kondhwa enjoys connectivity to Pune railway station, Baner, the airport, etc. Kondhwa is strategically connected to the Mumbai-Pune Highway through the Katraj-Pisoli Road. Satyanand Hospital, National Hospital, Wankhede Hospital Maternity & General are some of well-known hospitals in Kondhwa.

Check out properties for sale in Kondhwa

See also: Price trends in Kondhwa

Prices at a glance in Kondhwa 

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 6,136

per sq ft

Rs 17 lakhs – Rs 2.25 croresRs 25 lakhs – Rs 7 croresRs 22,238

monthly

Rs 6,000 – Rs 55,000Rs 14,000 – Rs 75,000

Check out properties for rent in Kondhwa

 

11. Undri 

Undri is a bustling locality situated in the south-western part of Pune. The neighbouring localities include Purandar taluka in the east, Velhe taluka in the west, Pune taluka towards the north and Pimpri-Chinchwad towards the south. The Mumbai-Pune bypass is easily accessible from Undri, whereas NH-9 is only 7 kms from the location. The airport, from Undri, is situated 12 kms away, while the nearest railway station is at an 8-km distance. Dorabjee’s Mall and Seasons Mall, are among the big malls in Undri.

Check out properties for sale in Undri

See also: Price trends in Undri

Prices at a glance in Undri

Average value Buy 2BHKBuy 3BHK Average rentRent 2BHKRent 3BHK
Rs 5,288

per sq ft

Rs 10 lakhs – Rs 90 lakhsRs 26 lakhs – Rs 2.30 croresRs 15,000

monthly

Rs 4,000 – Rs 28,000Rs 12,000 – Rs 45,000

Check out properties for rent in Undri

 

With major developments in the city’s infrastructure, Pune, also referred to as the Queen of the Deccan, has become an attractive location for people to reside. With many companies shifting to Pune, residential projects being taken up by prominent builders and an affordable cost of living, the city is a very good option for residencies.

See also: Posh areas in Pune

 

FAQ

How is Talegaon Dabhade in Pune for investment?

Talegaon Dabhade is located on the outskirts of Pune city and lies within the centre of Maharashtra’s golden triangle. It is situated along the Bengaluru-Mumbai Expressway. The locality is surrounded by Indrayani River and MIDC in the north, the Expressway in the south and MIDC in the east. All these location advantages make property in Talegaon Dabhade quite alluring and desirable.

Which configuration is most popular in Pune market?

2BHK units are the most popular in Pune, followed by 3BHK units.

What are the average property prices in Pune?

Average property price in Pune, as per listings on Housing.com is Rs 6,573 per sq ft.

 

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