Over time, the cultural capital of Maharashtra, Pune is gaining more importance in terms of property values. There has also been an increase in the number of posh areas in Pune due to new start-ups, and multimillionaires wanting to invest in these areas. Traditionally, backed-up crowds i.e. old residents who have ancestral plots are attracting luxurious apartment builders and real estate investors in these Pune posh residential areas. So, if you are looking for the best area to live in Pune for your family or simply understand which are the best residential areas in Pune, read on!
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Trends Of Luxury Properties in Pune
If you are looking for the top localities in Pune, you should know about the trends associated with the luxury properties in the market. For example, recent reports have highlighted how NRIs are scouting for the best areas to live in Pune from the vast number of properties available in the city. More and more reputed real estate developer brands are building gated residential destinations in the scenic city among the ghats, making this a great investment opportunity for many. With more urban students and job opportunists coming to the city for a better life, the robust market is also ripe for a profitable rental market.
Top 10 Posh Areas in Pune
Let’s take a look at an in-depth description of the top 10 posh areas in Pune.
1. New Kalyani Nagar
New Kalyani Nagar, being an extension of Kalyani Nagar, is witnessing some major residential and commercial growth. For a newcomer to the city, Kalyan Nagar can be considered to be the best area in Pune. New Kalyani Nagar is easily commutable to other famous places in the city of Pune. This place is among the best places to live in Pune and is also close to the airport and railway station. Since it is also an IT hub, it gained importance among the IT crowd and became the best area to live in Pune for family. The neighbouring locality to New Kayani Nagar is Koregaon Park, another Pune posh area name. You can also find apartments and luxury homes from popular builders making it a posh area in Pune. One may not worry about entertainment while residing in this area since there are many restaurants, pubs, and malls here among other popular places in Pune.
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Popular places near New Kalyani Nagar: Aga Khan Palace, Joggers Park, National war museum, Trump tower, Marigold Multiplex, etc.
2. Eran Dwane
Eran Dwane is home to many film schools as it has the famous Film and Television Institute of India here. This place is considered to be the most expensive area in Pune and has grown significantly during the past 3-5 years. One of the best residential areas in Pune, it has well-established amenities and infrastructure making it one of the poshest areas in Pune. Eran Dwane is the first choice of people who are willing to buy spacious and luxurious villas. There are options for huge bungalows, high-end apartments, housing complexes, etc. Commuting here is very easy as it is near the railway station and the airport too.
Popular places near Eran Dwane: Film and television institute of India, Kothrud, City Pride Multiplex, etc.
3. Shivaji Nagar
Shivaji Nagar is one of the greener areas of Pune. This is an area that has many important government offices, city courts, and educational institutions and yet makes it to our list of richest areas in Pune. This place got its popularity when famous builders bought land to build houses here. The growing housing demand made this place grow into a posh locality in Pune. The greenery in Shivaji Nagar is welcoming many residents to invest in properties here. Real estate is booming here as land prices are expected to rise even more in the next few years.
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Popular places near Shivaji Nagar: Darshan Museum, Neelkanth Eshwar temple, Ohel David Synagogue, Tribal cultural museum, Loha gad fort, etc.
4. Koregaon Park
Koregaon Park is well-known for its greenery and cleanliness. This is one of the prominent places in Pune that has commercial establishments and luxurious villas amidst greenery. Koregaon Park is not just a prestigious place for residential purposes but has turned into a commercial place too. This locality has many restaurants and pubs that attract the youth. When it comes to commuting to Koregaon Park, the well-planned roads here are a blessing. The city centre can be accessed through the Agha Khan Bridge.
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Popular places near Koregaon Park: Wagaskar PMC Garden, Jewel Square Mall, Penthouze Nightlife, etc.
5. Boat Club Road
Located to the east of Pune, Boat Club Road is also an attractive and posh area in Pune. It has ultra-luxury housing villas and bungalows. This place got the name the Royal Connaught Boat Club and is the favourite place for well-funded start-ups in Pune. The Pune-Mumbai highway keeps this locality well connected to the rest of the city and is also a key reason for its growth. You get all the amenities required within a 2 km radius. The rentals are very high as this place is one of the luxury areas in Pune. Boat Club Road is near a railway station and airport which makes it easy to travel. Since there are many entertainment options like malls, food stalls, market places, etc., the Boat Club Road is very lively and most active of all.
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Popular places near Boat Club Road: Bhuleshwar temple, Rajgad fort, Peshwa Udyan, etc.
6. Kothrud
Did you know that Kothrud has a place in the Guinness Book of World Records as Asia’s fastest developing suburb? Kothrud is situated in the South-West region of Pune and has experienced rapid growth in real estate in the past few years. It has some lush residential properties and also commercial buildings. The well-developed social and civic infrastructure makes Kothrud the most in-demand residential place among all the others. The IT companies and the well-known colleges here make this place a favourite for both professionals and students.
Popular places near Kothrud: Peshwa temple, the Tekdi, Cycle Museum of Vikram Pendse, Museum of miniature railways, etc.
7. Wadgaon Sheri
Catering to many IT companies, educational institutions, health centres, and eateries, Wadgaon Sheri is one of the popular posh localities in Pune. The connectivity to this place is very well suited for all and is the most sought locality for residential purposes. Being just 5 km away from Pune International Airport and 6.5 km from Pune Railway station, Wadgaon Sheri has become one of the upmarket areas in Pune. You can rent a house or apartment at around Rs. 8,000 to 10,000 based on your requirement.
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Popular places near Wadgaon Sheri: Raje Chatrapati Shivaji Maharaj Udyan, Shaniwar Wada, Khadakwasla Dam, Morya Gosavi Ganapati Mandir, etc.
8. Senapati Bapat Road
Senapati Bapat Road is one of the well-known posh areas in Pune which is located on the West side of Pune. It gained popularity because of Symbiosis College. This is a straight road comprising malls, hospitals, temples, and tall towers. The area connects Aundh, Model colony, Baner, Pashan, Pune University, Shivaji Nagar, and many more areas. You can rent villas, bungalows, and apartments for your luxury living.
Popular places near Senapati Bapat Road: Keventers, Pune Baking Company, Paasha, Swig, Open-air gym, Chaturshrungi temple, etc.
9. Model Colony
Situatedvery close to the Railway station and many other educational institutions, Model Colony makes it to the posh areas in Pune list. The basic amenities like hospitals, schools, colleges, markets, malls, etc. can be found near Model Colony. Hence, this is one of the poshest areas in Pune. This is the first choice of the home buyers as it has many eateries, hotels, shopping malls, markets, theatres, etc. The rent for this place varies from Rs. 15,000 to 20,000.
Popular places near Model Colony: La-Ka-Ki bird watching, Rock climbing, Chittaranjan Vatika, Charka story, etc.
10. Sopan Baug
Sopan Baug is located in the Northern region of Pune which has a very well-planned infrastructure and connectivity to the other places of Pune. This makes Sopan Baug one of the posh places in Pune. This place attracts people with its green, clean, and wide-open spaces. It is located near the Railway station, Airport, and Central Business District (CBD), which makes it a favourite place for residents to live in. The amenities available are high-end like private pools, landscaped gardens, etc. along with all other basic amenities like schools, colleges, restaurants, and pubs. The house rentals are around Rs. 30,000 to 50,000 for a 3 BHK flat.
Popular places near Sopan Baug: Devi Empress Court, Malshej Ghat, Shree Dnyaneshwar Maharaj Sansthan Committee, Bund Garden, Pawana Lake, etc. among other popular places in Pune.
Property Rates at Posh Areas in Pune
| AREA | AVERAGE RATE PER SQ. FT. |
| New Kalyani Nagar | ₹10,900 |
| Erandwane | ₹14,000 |
| Shivaji Nagar | ₹12,250 |
| Koregaon Park | ₹13,213 |
| Boat Club Road | ₹12,000 |
| Kothrud | ₹11,850 |
| Wadgaon Sheri | ₹8,800 |
| Senapati Bapat Road | ₹12,521 |
| Model Colony | ₹13,480 |
| Sopan Baug | ₹8,800 |
Which area in Pune has the highest rent?
It is difficult to determine a specific area in Pune that has the highest rent as it can vary depending on the type of property and location. However, generally speaking, areas such as Koregaon Park, Kalyani Nagar, and Baner tend to have higher rental prices compared to other areas in Pune.
The booming IT sector, pleasing climate, tourism, educational opportunities, etc. make Pune a wonderful place to reside in. We have collated our top 10 posh areas in Pune to live a luxurious life by comparing various pointers like amenities, connectivity, lifestyle, educational facilities, healthcare, eateries, etc. If you are planning to buy a home or relocate to Pune, you can have this list handy. Book your home without making a dent in your pocket as the real estate is just rising and you can get steal deals while buying properties with NoBroker. If you need a bit of assistance, why not click the link below to find your home faster and WITHOUT brokerage?
FAQs For Posh Areas in Pune
Q1. Which is the poshest area in Pune?
Ans. Posh areas in Pune include areas like Sopan Baug, Model Colony, Wadgaon Sheri, etc. To know the full list of posh areas in Pune, you can check out this article.
Q2. What amenities does a posh area have?
Ans. A posh area offers you a high standard of living with amenities like private pools, landscaped gardens, etc.
Q3. Is Pune more expensive than Bangalore?
Ans. Bangalore is a bit more expensive when compared to Pune. The great news is that you can find the same amenities that Bangalore posh areas have in Pune too.
Q4. Do posh areas in Pune have good commuting facilities?
Ans. Yes, almost all the posh areas in Pune have connectivity to the airport and railways.
Q5. What is the starting rent for a house in a posh area in Pune?
Ans. The rentals may vary from Rs. 15,000 to 50,000 for a 2 BHK flat in Pune, based on the locality.
