Real Estate Prices in Pune

Pune city is becoming more cosmopolitan with a population of more than 7 million and growing. Pune is also seen as Educational, Industrial and IT hub of India with top blue chip cos. Pune has good infrastructure of transport by Air, Rail and Road and close proximity to Mumbai by expressway. More and more people folk to Pune for better job opportunities and good education. The standard of living of Puneites has increased considerably along with cost of living.

Among the top locations in Pune are Koregoan Park, Bund garden road, Kalyani Nagar, Boat Club road, Dole-Patil road, MG road and Pune Camp area with prices ranging somewhere between Rs 3,000 to 7,500 per sq ft approx, due to close proximity to Pune airport, railway station, top restaurants, hotels, shopping malls and cinema halls. Areas within the 5 to 7 kms from Pune Camp areas are Kondhwa, Wanowri, Viman nagar, Salisbury Park, NIBM road, Fatimanagar, Lullanagar, price per sq ft Rs 2,700 to 4,500 approx.

Among other top locations in Pune is Deccan area comprising of F C road, Bhandarkar road, Law College road, Prabhat road, Erandwana , Senapati Bapat road (also known as S.B road) Ganesh Khind road, Model Colony, Shivaji Nagar with close proximity to top educational institutes of Pune like Symbiosis college, BMCC, Fergusson college, Deccan education institute and Pune University to name a few, where the prices per sqft range between Rs 2,500 to 6,500 approx. Close to Deccan area within proximity of 5 to 7 kms are Karve road, Kothrud, Shankarseth Road, Swargate, Karve nagar, paud road price between Rs 1,700 to 5,000 per sq ft approx. The place in the heart of Pune city also known as old Pune are Sadashiv peth, Ganesh peth, Budhwar peth, Bajirao Road, Narayan peth, Laxmi road, Tilak road, property price ranging between Rs 2,700 to 6,000 per sq ft.

One of the top location which have developed within 10 years till date due to boom in IT sector are Aundh, Baner, Pashan, Bavdhan, Sus road, Aundh Goan, Pimple saudagar, Sangvi, Wakad, Balewadi, Hinjewadi also due to their close proximity to heart of city and are well connected to Mumbai-Pune Expressway and Pune-Bangalore Highway. With new projects, shopping complex, recreation centers, schools, colleges coming up the prices are seen increasing rapidly every year. However, the current rates are somewhere around Rs 3,000 to 6,000 per sq ft approx depending on the kind of projects and apartments available.
Other Places to be seen for residing in Pune are Hadapsar, Sholapur road, Nagar road, Katraj, Bibewadi, Dhankawadi prices ranging between Rs 1,700 to 3,000 per sq ft approx.

Pune is also known for its Industrial sector for manufacturing automobiles and other Industrial products with top cos like Tata Motors, Kinetic, Mercedes, Alfa laval, Bajaj Auto to name a few. Based in PCMC with areas like Pimpri, Chinchwad, Nigdi, Talegoan, Talewadi, Chakan, Khadki which is well connected to old Mumbai-Pune Highway where prices are Rs 1,800 to 3,200 per sq ft approx.

Pune has also seen many new townships coming up in the outskirts of the city. One of the most known townships is Lavasa city where the property rates are around Rs 3,500 to 4,500 per sq ft approx.

Pune has seen a constant and steady increase in the property rates over the years and holds a top place for investors and builders.

Residential property rates in Pune Jan 2010 as per Times Property

Area	Rate/Sq Ft.
MG Road	4500-6000
Koregaon Park	3500-12000
Kalyani Nagar	4000-10000
Sopan Bag	3000-5000
Viaman Nagar	2800-11000
Nagar Road	2800-11000
Kharadi	2500-5000
Hadapsar	2500-5000
Wagholi	2250-2600
Kondhwa	3000-4500
NIBM	3000-4500
Wanowrie	2800-3500
Vishrantwadi	3500-4500
Airport Road	3500-4500
Yerwada	3500-4500
Kothrud	4500-6500
Deccan	6500-8000
FC Road	6500-8000
Shivaji Nagar	5500-7500
Model Colony	5500-7500
Sinhgad Road	2500-3500
Aundh	4800-6500
Aundh Annexe	3000-3800
Wakad	2650-3500
Pashan	3500-8000
Baner	3500-8000
Hinjewadi	2800-3500
Khadki	2800-3500
Pimpri	2500-3200
Chinchwad	2500-3500
Nigdi	2300-3200
Pradhikaran	2300-3200
Tathawade	1500-2100
Talwade	1500-2100
Bhosari	1800-2100
Akurdi	2000-3000
Talegaon	2500-3600
Chakan	1800-2200
Thergaon	1800-2000
Ravet	1800-2000
Dehu Road	2500-3000
Dapoli	2500-3000

Rates for grade A buildings. “carpet Area” based calculations. Rates are subject to amenities, upkeep and vary from project to project, apartment to apartment within the same building depending on view, layout etc.