- https://www.nobroker.in/1bhk-flats-for-rent-in-pune_pune
- https://www.nobroker.in/flats-for-sale-in-baner_pune
- https://fulinspace.com/top-5-rental-yield-spots-in-pune-baner-vs-wakad/#Baner_35%E2%80%9348_Yield
- https://www.nobroker.in/flats-for-sale-in-pune_pune
- https://www.nobroker.in/2bhk-flats-for-rent-in-pune_pune
- https://www.nobroker.in/property/commercial/rent/pune
- https://igrmaharashtra.gov.in
Table of Contents
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Latest Property Rates in Pune: Area-Wise Land Prices, Flat/Apartment Costs and Rental Prices in 2025
Table of Contents
The Pune property rate [1] in 2025 offers exciting investment opportunities across both emerging and established localities. Property rates range from ₹5,000 per sq ft in developing areas like Undri and Moshi to ₹22,000 per sq ft in premium zones such as Baner and Kharadi. Backed by the Pune Metro expansion, ring road projects, and enhanced connectivity to Mumbai, the city continues to see steady appreciation. Pune’s property landscape balances affordability, convenience, and modern lifestyle appeal for both homebuyers and investors.
Current Property Rates in Pune (2025 Overview)
Pune’s growing IT sector, new metro lines, ring road projects, and strong educational institutions are turning the city into a promising place for both homeowners and investors. In 2025, property prices in Pune range from ₹5,000 to ₹22,000 per square foot, depending on the area, property type, and available amenities. South Pune properties usually cost between ₹6,000 and ₹9,000 per square foot. Central Pune is more expensive, with prices from ₹14,000 to ₹22,000. In West Pune, rates are typically ₹8,000 to ₹12,000, while Suburban and North Pune offer more budget-friendly options at ₹5,000 to ₹8,000 per square foot.
Here is a table showing the current land rates per square foot in popular areas of Pune
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| Locality | Average Price (₹/sq.ft) | Property Type | Trend (YoY) |
| Koregaon Park (Central) | ₹18,000 – ₹22,000 | Premium Apartments / Villas | Steady Rise |
| Kalyani Nagar (East) | ₹14,000 – ₹18,000 | Apartments / Mixed-Use Spaces | Consistent Growth |
| Baner (West)[2] | ₹10,000 – ₹14,000 | Premium Apartments / Gated Communities | Strong Demand |
| Wakad (West) | ₹9,000 – ₹11,000 | Mid-Segment Apartments | Upward Trend |
| Hinjewadi (West) | ₹7,000 – ₹9,500 | Affordable & Mid-Segment Flats | High Demand |
| Undri (South) | ₹5,000 – ₹7,000 | Budget Apartments / Plots | Moderate Growth |
| Wagholi (East) | ₹5,000 – ₹6,500 | Affordable Housing | Growing |
| Kothrud (Central-West) | ₹12,000 – ₹15,000 | Apartments | Stable |
| Viman Nagar (East) | ₹13,000 – ₹17,000 | Premium Flats | Appreciating |
| Pimple Saudagar (West) | ₹8,000 – ₹10,000 | Family Apartments | Steady Demand |
Area-Wise Breakdown - Property Rates in Pune
Property prices in Pune vary based on infrastructure, proximity to employment hubs, and lifestyle amenities. While Central Pune commands the highest rates, suburban belts are gaining traction among younger buyers and first-time investors.
Central Pune (Premium Zones)
Central Pune is among the city’s most prestigious regions, featuring areas like Koregaon Park, Kalyani Nagar, and Boat Club Road. These zones boast luxury homes, green surroundings, and premium social infrastructure.
| Parameter | Details |
| Zone | Central Pune |
| Average Property Rate | ₹14,000 – ₹22,000 per sq.ft |
| Property Type | Premium apartments, villas, heritage homes |
| Buyer Segment | High-income professionals, business owners |
| Connectivity | Excellent road & metro links to major business hubs |
| Nearby Landmarks | MG Road, Pune Railway Station, Koregaon Park Plaza |
| Real Estate Trend | Consistent appreciation with stable demand |
South Pune (Affordable to Mid-Segment Belt)
South Pune offers a blend of affordability and upcoming growth opportunities. Regions such as Undri, Kondhwa, and NIBM Road are seeing steady development due to expanding connectivity and new infrastructure projects
| Parameter | Details |
| Zone | South Pune |
| Average Property Rate | ₹5,000 – ₹8,000 per sq.ft |
| Property Type | Affordable housing, plotted developments |
| Buyer Segment | Mid-income homebuyers, new families |
| Connectivity | Well-connected via Pune-Bengaluru Highway & internal roads |
| Nearby Landmarks | NIBM Road, ISKCON Temple, Bishop’s School |
| Real Estate Trend | Gradual appreciation with strong end-user demand |
West Pune (IT & Emerging Residential Hubs)
West Pune has seen remarkable development in the last decade. Localities like Baner, Wakad, Hinjewadi, and Balewadi have become hotspots for IT professionals due to their proximity to tech parks and expressways.
| Parameter | Details |
| Zone | West Pune |
| Average Property Rate | ₹8,000 – ₹12,000 per sq.ft |
| Property Type | Apartments, gated communities, modern townships |
| Buyer Segment | IT professionals, young families |
| Connectivity | Excellent via Mumbai-Pune Expressway and Metro Line 3 |
| Nearby Landmarks | Hinjewadi IT Park, Balewadi High Street |
| Real Estate Trend | High absorption rate with strong rental potential |
East Pune (Commercial & Airport Proximity Zone)
East Pune, comprising Viman Nagar, Kharadi, and Wagholi, is among the most dynamic real estate zones. Its proximity to Pune Airport and the IT corridor makes it ideal for both working professionals and investors.[3]
| Parameter | Details |
| Zone | East Pune |
| Average Property Rate | ₹9,000 – ₹17,000 per sq.ft |
| Property Type | Premium apartments, mixed-use properties |
| Buyer Segment | IT professionals, NRIs, high-income families |
| Connectivity | Excellent via Nagar Road, Airport Road, and Metro extensions |
| Nearby Landmarks | EON IT Park, Phoenix Market City |
| Real Estate Trend | Fast-growing zone with high capital appreciation potential |
North & Suburban Pune (Affordable and Developing Zones)
Northern and peripheral zones such as Chakan, Moshi, Talegaon, and Charholi are emerging as affordable residential clusters with industrial and logistics growth driving demand.
| Parameter | Details |
| Zone | North Pune / Suburbs |
| Average Property Rate | ₹4,500 – ₹7,000 per sq.ft |
| Property Type | Budget apartments, plotted developments |
| Buyer Segment | First-time buyers, industrial workforce |
| Connectivity | Access via Pune-Nashik Highway, Ring Road project |
| Nearby Landmarks | MIDC Chakan, Talegaon Industrial Area |
| Real Estate Trend | Early-stage growth with future potential |
Property Rates in Pune
Pune continues to be a top real estate destination, driven by its IT hubs, reputed educational institutions, and strong lifestyle appeal. Property rates in Pune range from around ₹5,000 to ₹13,000 per sq. ft., depending on the area. Prime locations like Baner, Kothrud, and Koregaon Park see premium prices, while suburbs such as Undri and Wagholi offer affordable options. Here’s what you need to know for deciding on property investment in Pune:[4]
Apartment Configuration in Pune
The Pune real estate market caters to diverse buyer needs, offering a range of apartment configurations. The most common options are 1BHK, 2BHK, 3BHK, and 4BHK apartments, with 2BHK being the most in-demand among professionals and small familiess
| Configuration | Popular Localities | Avg. Price Range (₹) | Buyer Type |
| 1 BHK | Undri, Moshi | ₹35 lakhs to ₹50 lakhs. | Young professionals, small families |
| 2 BHK | Baner, Kharadi | ₹55 lakhs to ₹95 lakhs. | Working couples, growing families |
| 3–4 BHK | Koregaon Park, Viman Nagar | ₹1 crore and ₹2 crores (Premium areas) | Premium buyers, NRIs |
Affordable Properties on Rent
For tenants seeking budget-friendly accommodation, Pune offers several affordable areas. The pune land rates in these areas remain moderate, keeping rent prices accessible for middle-income groups.
| Configuration | Localities | Avg. Rent (₹/month) | Highlights |
| 1 BHK | Moshi, Undri | 10,000–16,000 | Ideal for working professionals |
| 2 BHK | Charoli, Wagholi | 16,000–25,000 | Well-connected and affordable |
Top Localities for Rent in Pune
Pune has a mix of posh, mid-range, and affordable neighbourhoods suitable for every tenant type. Here are some popular rental localities:
| Locality | Why It Stands Out | Avg. Rent (₹/month) |
| Hinjewadi & Baner | Close to IT parks and offices | 18,000–30,000 |
| Kharadi & Magarpatta | Modern apartments, good social life | 25,000–40,000 |
| Koregaon Park & Aundh | Upscale lifestyle and dining | 40,000–80,000 |
Fully Furnished Rental Homes
Fully furnished homes in Pune are perfect for tenants seeking comfort and convenience. Equipped with furniture, appliances, and fittings, they save the hassle of setup. Prime areas like Kalyani Nagar, Baner, Koregaon Park, and Viman Nagar offer premium options, while Wakad and Hadapsar provide more affordable choices with lower Pune land rates.
| Locality | Avg. Rent (₹/month) | Configuration | Key Feature |
| Hinjewadi, Kalyani Nagar | 25,000–35,000 | 2 BHK | Ready to move with basic furniture |
| Baner, Viman Nagar | 45,000–55,000 | 2–3 BHK | Premium furnishings and amenities |
Luxury Properties on Rent
Pune’s luxury rental market is expanding steadily, attracting professionals and expatriates alike. Premium localities like Koregaon Park, Kalyani Nagar, Boat Club Road, and Baner feature upscale apartments and penthouses with rents often above ₹1 lakh, offering elegant interiors, modern amenities, and convenient concierge services.
| Locality | Avg. Rent (₹/month) | Property Type | Ideal For |
| Boat Club Road, NIBM | 80,000–1.5 lakh | 3–4 BHK apartments | Executives, expats |
| Kalyani Nagar | 1.5–2 lakh+ | Luxury penthouses | High-end tenants |
Villas / Independent Properties on Rent
Pune’s outskirts offer spacious independent villas for rent, perfect for families seeking privacy and comfort. Localities like Magarpatta City, Wagholi, NIBM Road, Bavdhan, and Baner feature gated villa communities with gardens, parking, and club access. These areas remain affordable, making them popular among corporate tenants and senior professionals.
| Locality | Avg. Rent (₹/month) | Features |
| Bavdhan | 60,000–1 lakh | Garden, parking, large layout |
| Baner & Hadapsar | 80,000–1.5 lakh | Gated community villas |
Rental Yield in Pune
Pune’s rental yield ranges from 3% to 4.5%, higher than many metros. Localities near IT hubs like Hinjewadi, Wakad, Baner, and Viman Nagar see strong demand, with projects like the Pune Metro and Ring Road likely to boost returns further.
| Locality | Avg. Rental Yield (%) | Demand Drivers |
| Hinjewadi | 5.0 | IT professionals |
| Kharadi | 4.5 | Corporate sector, tech parks |
| Wakad | 3.8 | Affordable homes and connectivity |
| Baner[7] | 4.0 | Premium residential growth |
Pune Flat Rate / Pune Apartment Cost
Here’s a quick look at the average Pune flat rates based on configuration:
- 1BHK: ₹38 Lakh
- 2BHK: ₹75 Lakh
- 3BHK: ₹1.35 Crore
- 4BHK: ₹2.8 Crore
Plot/Land Rates in Pune in 2025
The average land rate per square foot in Pune is ₹4846/sq. Ft. Here is a tabulation of land/ plot rates in Pune’s top 15 localities for 2026 and 2025 as well as the growth rate in the cost. The price mentioned is the per square foot rate in Pune for 2025.
| Locality Name | Buy Rates / Price Range (Rs. per sq. yd.) | ||
| 2026 | 2025 | Avg. Y/Y growth rate | |
| Katraj | Rs. 40,000 - 60,000/sq. yd. | Rs. 33,900 – 47,752/sq. Yd. | -9.09% |
| Mundhwa | Rs. 60,000 - 80,000/sq. yd. | Rs. 19,508 – 29,835/sq. Yd. | Constant |
| Baner | Rs. 70,000 - 90,000/sq. yd. | Rs. 32,925 – 43,900/sq. Yd. | 3% |
| Bhavani Peth | Rs.80,000 - 1,00,000/sq. yd. | Rs. 31,365 – 38,632/sq. Yd. | Constant |
| Camp Area | Rs. 1,00,000 - 1,20,000/sq. yd. | Rs. 1,43,438 – 1,84,748/sq. Yd. | Constant |
| Kothrud & Karve Nagar | Rs. 80,000 - 1,00,000/sq. yd. | Rs. 9,060 – 9,800/sq. Yd. | 4% |
| Sinhagad Road | Rs. 60,000 - 80,000/sq. yd. | Rs. 44,050 – 63,000/sq. yd | -7% |
| Hadapsar | Rs. 50,000 - 70,000/sq. yd. | Rs. 70,762 – 91,035/sq. Yd. | Constant |
| Hinjewadi | Rs. 40,000 - 60,000/sq. yd. | Rs. 70,762 – 91,035/sq. Yd. | Constant |
| Kalyani Nagar | Rs. 1,20,000 - 1,50,000/sq. yd. | Rs. 60,965 – 70,150/sq. Yd. | 1% |
| Wakad | Rs. 70,000 - 90,000/sq. yd. | Rs. 17,000 – 19,008/sq. Yd. | -6.98% |
| Shivaji Nagar | Rs. 1,50,000 - 2,00,000/sq. yd. | Rs. 11,200 – 13,950/sq. Yd. | 5.88% |
| Aundh | Rs. 1,00,000 - 1,20,000/sq. yd. | Rs. 40,450 – 49,350/sq. Yd. | 8.33% |
| Sadashiv Peth | Rs. 90,000 - 1,10,000/sq. yd. | Rs. 59,288 – 69,615/sq. Yd. | Constant |
| Koregaon Park | Rs. 1,20,000 - 1,50,000/sq. yd. | Rs. 1,32,400 – 1,63,000/sq. Yd. | -5-8% |
House Rates in Pune (Independent)
The average Price for independent house rates in Pune is as follows:
- 1BHK- 35 L
- 2BHK- 85 L
- 3BHK- 2.4 crores
- 4BHK- 3.9 crores
Independent houses in Pune have become a preferred choice for families seeking privacy, spacious layouts, and long-term investment value. The price of these homes varies significantly depending on location, connectivity, and property size.
Here’s a quick look at property rates per sq. ft for 2025, projected values for 2026, and the estimated year-on-year (YoY) growth.
| Locality | 2025 Avg Price (per sq. ft) | 2026 Avg Price (per sq. ft) | Average Y/Y Growth |
| Baner | ₹11,200 | ₹12,000 | 7% |
| Kharadi | ₹10,100 | ₹10,900 | 8% |
| Viman Nagar | ₹11,000 | ₹11,800 | 7% |
| Hinjewadi | ₹10,000 | ₹10,800 | 8% |
| Wakad | ₹8,200 | ₹8,800 | 7% |
| Aundh | ₹11,500 | ₹12,200 | 6% |
| Kothrud | ₹10,800 | ₹11,400 | 6% |
| Magarpatta | ₹9,000 | ₹9,600 | 7% |
| NIBM | ₹8,700 | ₹9,200 | 6% |
| Bavdhan | ₹9,400 | ₹10,000 | 6% |
| Hadapsar | ₹8,600 | ₹9,100 | 6% |
| Mundhwa | ₹8,100 | ₹8,700 | 7% |
| Manjari Khurd | ₹6,300 | ₹6,800 | 8% |
| Undri | ₹6,700 | ₹7,200 | 7% |
| Moshi | ₹5,900 | ₹6,300 | 6% |
Property Rent in Pune in 2025
1 BHK Rent in Pune
The average 1 BHK rent in Pune is Rs. 11,979. Here we have tabulated the flat rent rates in Pune’s top 15 localities for 2025 and 2026 and the growth rate in the rent.
| Locality | Avg. Rent (2026) | Avg. Rent (2025) | YoY Growth |
| Hinjewadi | ₹17,500 | ₹15,800 | 10.8% |
| Baner | ₹19,000 | ₹17,000 | 11.8% |
| Kharadi | ₹18,500 | ₹16,800 | 10.1% |
| Wakad | ₹16,000 | ₹14,500 | 10.3% |
| Viman Nagar | ₹22,000 | ₹20,000 | 10% |
| Kalyani Nagar | ₹23,500 | ₹21,500 | 9.3% |
| Koregaon Park | ₹26,000 | ₹24,000 | 8.3% |
| Hadapsar | ₹15,500 | ₹14,000 | 10.7% |
| Bavdhan | ₹14,800 | ₹13,200 | 12.1% |
| Pimple Saudagar | ₹16,500 | ₹15,000 | 10% |
| Aundh | ₹20,000 | ₹18,500 | 8.1% |
| Magarpatta City | ₹21,000 | ₹19,500 | 7.7% |
| NIBM Road | ₹17,000 | ₹15,500 | 9.7% |
| Wagholi | ₹13,500 | ₹12,000 | 12.5% |
| Undri | ₹12,800 | ₹11,500 | 11.3% |
2 BHK Rent in Pune
The average 2 BHK rent in Pune is Rs. 21,790. Here we have tabulated the property rent prices in Pune’s top 15 localities for 2024 and 2025 and the growth rate in the rent.
| Locality | 2026 Avg Rent approx | 2025 Avg Rent approx | YoY Growth |
| Hinjewadi | ₹22,000 | ₹20,000 | 10.0% |
| Baner | ₹25,300 | ₹23,000 | 10.0% |
| Kharadi | ₹24,200 | ₹22,000 | 10.0% |
| Wakad | ₹18,700 | ₹17,000 | 10.0% |
| Viman Nagar | ₹27,500 | ₹25,000 | 10.0% |
| Kalyani Nagar | ₹29,700 | ₹27,000 | 10.0% |
| Koregaon Park | ₹32,450 | ₹29,500 | 10.0% |
| Hadapsar | ₹20,900 | ₹19,000 | 10.0% |
| Bavdhan | ₹18,700 | ₹17,000 | 10.0% |
| Pimple Saudagar | ₹20,900 | ₹19,000 | 10.0% |
| Aundh | ₹25,300 | ₹23,000 | 10.0% |
| Magarpatta City | ₹26,400 | ₹24,000 | 10.0% |
| NIBM Road | ₹22,000 | ₹20,000 | 10.0% |
| Wagholi | ₹15,400 | ₹14,000 | 10.0% |
| Undri | ₹14,300 | ₹13,000 | 10.0% |
3 BHK Rent in Pune
The average rent for a 3 BHK in Pune is Rs. 32,244. Here we have tabulated the flat rent rates in Pune’s top 15 localities for 2020 and 2021 and the growth rate in the rent.
| Locality | 2026 Avg Rent approx | 2025 Avg Rent approx | YoY Growth |
| Hinjewadi | ₹38,500 | ₹35,000 | 10.0% |
| Baner | ₹44,000 | ₹40,000 | 10.0% |
| Kharadi | ₹42,350 | ₹38,500 | 10.0% |
| Wakad | ₹33,000 | ₹30,000 | 10.0% |
| Viman Nagar | ₹48,400 | ₹44,000 | 10.0% |
| Kalyani Nagar | ₹52,800 | ₹48,000 | 10.0% |
| Koregaon Park | ₹57,200 | ₹52,000 | 10.0% |
| Hadapsar | ₹36,300 | ₹33,000 | 10.0% |
| Bavdhan | ₹33,000 | ₹30,000 | 10.0% |
| Pimple Saudagar | ₹36,300 | ₹33,000 | 10.0% |
| Aundh | ₹44,000 | ₹40,000 | 10.0% |
| Magarpatta City | ₹46,200 | ₹42,000 | 10.0% |
| NIBM Road | ₹38,500 | ₹35,000 | 10.0% |
| Wagholi | ₹27,500 | ₹25,000 | 10.0% |
| Undri | ₹25,300 | ₹23,000 | 10.0% |
1 RK Rent in Pune
The average 1 RK rent in Pune is ₹8,900. Below is a table showing the average flat rent rates in Pune’s top 15 localities for 2025 and 2026, along with the year-on-year growth based on current rental trends in the city.
| Locality | 2026 Avg Rent approx | 2025 Avg Rent approx | YoY Growth |
| Hinjewadi | ₹9,500 | ₹8,600 | 10.5% |
| Baner | ₹11,000 | ₹10,000 | 10.0% |
| Kharadi | ₹10,800 | ₹9,800 | 10.2% |
| Wakad | ₹8,800 | ₹8,000 | 10.0% |
| Viman Nagar | ₹12,100 | ₹11,000 | 10.0% |
| Kalyani Nagar | ₹13,200 | ₹12,000 | 10.0% |
| Koregaon Park | ₹14,300 | ₹13,000 | 10.0% |
| Hadapsar | ₹9,900 | ₹9,000 | 10.0% |
| Bavdhan | ₹8,800 | ₹8,000 | 10.0% |
| Pimple Saudagar | ₹9,900 | ₹9,000 | 10.0% |
| Aundh | ₹12,100 | ₹11,000 | 10.0% |
| Magarpatta City | ₹12,650 | ₹11,500 | 10.0% |
| NIBM Road | ₹10,450 | ₹9,500 | 10.0% |
| Wagholi | ₹8,250 | ₹7,500 | 10.0% |
| Undri | ₹7,700 | ₹7,000 | 10.0% |
Commercial Property Rates in Pune
Pune’s real estate market offers solid investment potential, supported by rapid infrastructure growth and expanding business districts. Key areas such as Hinjewadi, Kharadi, Baner, and Viman Nagar continue to see steady price appreciation across both commercial and residential spaces.
| Locality | Avg. Price (₹/sq.ft) | Property Type | Trend (YoY) |
| Hinjewadi | ₹8,500 – ₹12,000 | IT Parks, Co-working Offices | ↑ 7% |
| Kharadi | ₹10,000 – ₹14,000 | Commercial Office Spaces | ↑ 8% |
| Baner | ₹9,000 – ₹13,000 | Mixed-use Developments | ↑ 6% |
| Viman Nagar | ₹11,000 – ₹15,000 | Retail & Office Spaces | ↑ 7% |
| Pimpri-Chinchwad | ₹7,000 – ₹10,000 | Industrial & Warehouse Units | ↑ 5% |
Best Areas to Invest in Pune (2025)
Planning to invest in Pune? Explore top-performing localities that promise steady appreciation, high rental demand, and long-term value, making them ideal choices for smart property investments in 2025.
| Locality | Why It’s Best to Invest? | Investment Appeal |
| Hinjewadi | Hub of Pune’s IT industry with strong rental demand | Steady appreciation and high occupancy rates |
| Kharadi | Rapidly growing IT and commercial hub near the airport | Ideal for both office and residential investments |
| Baner-Balewadi | Excellent infrastructure and upcoming metro connectivity | Balanced lifestyle and long-term capital growth |
| Wagholi | Affordable plots and improving infrastructure | High potential for future appreciation |
| Undri & NIBM | Peaceful residential zones near schools and malls | Increasing demand from end-users and investors |
How to Check Property Guidance Value in Pune?
Before finalising a property deal, always verify the land price in Pune per square foot in Pune or the official government valuation. You can easily check it online by following these steps:
- Visit the official Maharashtra IGR website – https://igrmaharashtra.gov.in
- Select “E-search” or “Market Value Search” from the menu.
- Enter your district (Pune), taluka, and village/locality name.
- Choose the property type – residential, commercial, or plot.
- The website will display the current guidance value or ready reckoner rate for your selected area.
Government Regulations & RERA in Pune
Pune’s real estate sector operates under strict government regulations to ensure transparency, accountability, and buyer protection. Whether you are buying, selling, or renting a property, it is essential to understand the policies and RERA framework that govern the market.
Role of RERA Maharashtra (MahaRERA)
The Real Estate Regulatory Authority (MahaRERA) was introduced under the Real Estate (Regulation and Development) Act, 2016. It aims to make property transactions more transparent and safeguard the interests of homebuyers.
- Project Registration: All developers must register their residential and commercial projects on the MahaRERA portal.
- Verified Developers: Buyers can check project approvals, timelines, and legal documents before investing.
- Buyer Protection: If a project is delayed or not delivered as promised, buyers can file complaints directly with MahaRERA for resolution.
Stamp Duty and Registration in Pune
Property buyers in Pune must pay stamp duty and registration charges as part of the legal process.
- Stamp Duty in Pune (2025): 6% (5% state + 1% local body tax).
- Registration Charges: 1% of the property value (capped at ₹30,000 for women buyers).
These charges are mandatory for ownership transfer and are governed by the Maharashtra Stamp Act.
Development Control Rules (DCR)
The Pune Municipal Corporation (PMC) and Pimpri Chinchwad Municipal Corporation (PCMC) regulate construction through DCR norms.
- Defines FSI (Floor Space Index), open space, and setback requirements.
- Ensures proper building design, structural safety, and environmental compliance.
Environmental and Infrastructure Clearances
Large-scale developments in Pune require clearance from the Maharashtra Pollution Control Board (MPCB) and the Urban Development Department.
These ensure projects meet sustainability norms, manage waste efficiently, and follow green building guidelines.
Housing Policy and Government Incentives
Under initiatives like PMAY (Pradhan Mantri Awas Yojana), eligible buyers can avail of interest subsidies on home loans for affordable housing projects in Pune.
Additionally, the Maharashtra government encourages green and smart housing developments through incentives for sustainable construction.
Local Governance and Approvals
All real estate developments must obtain approvals from local authorities such as:
- PMC/PCMC: Building plan approval, occupancy certificate, water and sewerage connections.
- Town Planning Department: Layout and zoning approvals.
Factors That Affect Property Rates in Pune
Understanding property rates in Pune requires looking beyond location alone. The Pune property rates per sq ft are influenced by several interconnected factors that shape both short-term trends and long-term growth. Here’s a detailed look at the major factors homebuyers and investors should consider before making a decision.
- Location and Connectivity: The land price in Pune per square foot varies significantly depending on how well the area is connected to major roads, IT parks, and business hubs.
- Localities like Baner, Hinjewadi, Kharadi, and Viman Nagar command higher prices due to excellent road networks and proximity to commercial zones.
- Areas such as Moshi, Undri, and Wagholi offer more affordable options but are seeing steady appreciation due to new flyovers and metro line extensions.
- Good connectivity to the Pune-Mumbai Expressway, airport, and metro routes continues to be a key price driver.
- Infrastructure Development: Infrastructure growth has a direct impact on the per square foot rate in Pune.
- Expanding metro corridors, ring roads, and smart city projects are improving livability in many developing localities.
- Upcoming commercial complexes and educational institutions further enhance property values.
- Neighbourhoods with modern civic amenities, sewage systems, and water supply networks consistently show higher appreciation.
- Proximity to Employment Hubs: The presence of major IT and industrial parks boosts Pune land rates in surrounding localities.
- Areas near Hinjewadi IT Park, Magarpatta City, and Kharadi EON IT Park are witnessing high demand from working professionals.
- Investors often prefer these zones for steady rental income and long-term capital growth.
- The stronger the job market, the more resilient property demand becomes.
- Social Infrastructure and Lifestyle Amenities: Access to good schools, hospitals, shopping centres, and entertainment hubs significantly impacts property rates in Pune.
- Areas like Koregaon Park, Aundh, and Kalyani Nagar attract premium buyers due to their vibrant lifestyle offerings.
- In contrast, developing suburbs are gradually improving in social infrastructure, making them more appealing for first-time buyers.
- Government Policies and RERA Regulations: Transparent real estate practices enforced by MahaRERA (Maharashtra Real Estate Regulatory Authority) have built buyer confidence.
- Strict project registration norms ensure accountability and timely possession.
- Government initiatives like PMAY (Pradhan Mantri Awas Yojana) and reduced stamp duty rates during specific periods have encouraged more purchases.
- Demand and Supply Balance: Pune’s real estate market remains relatively stable due to balanced supply and sustained demand.
- In IT-dominated areas, rental demand keeps pushing prices upward.
- New housing projects in developing zones help stabilise property costs.
- This equilibrium ensures that Pune property rates per sq ft do not fluctuate drastically compared to other metros.
- Future Development Potential: Upcoming infrastructure projects like the Pune Ring Road, Metro Line extensions, and airport expansion are strong indicators of appreciation potential.
- Investors tracking these projects often enter early to capitalise on growth.
- Peripheral areas such as Tathawade, Ravet, and Wagholi are expected to see significant value increases in the coming years.
- Rental Yield and Investor Demand: Steady rental yield in Pune (around 3%–5%) continues to attract investors.
- Localities such as Baner, Wakad, and Kharadi deliver consistent rental income due to proximity to corporate offices and educational institutions.
- High rental potential ensures quicker ROI and helps sustain property demand.
- Economic and Market Trends: Lastly, overall economic growth, interest rates, and buyer sentiment directly affect property rates in Pune.
- Periods of lower interest rates or high employment growth typically see a surge in demand, while inflation or economic slowdowns can temporarily stabilise the market.
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Frequently Asked Questions
Ans. Despite the pandemic, the property rates in Pune are gradually increasing due to many factors such as great infrastructure, job opportunities and amazing higher education options.
Ans. The cost per square foot in Pune depends on the locality but the average rate ranges between Rs. 4500 per square feet (for affordable apartments) to Rs. 12,000 per square feet (for luxury apartments)
Ans. The cost of a 2-bedroom apartment according to the latest property rates in Pune is between Rs. 45 lakhs to Rs. 70 lakhs.
Ans. If you are a property investor, then it would be beneficial to know that property rent in Pune is best in localities such as Shivaji Nagar, Kothrud and Koregaon Park.
Ans: Hadapsar and Ambegaon are the best areas to buy land in Pune.
Ans: In 2025, the average Pune property rate per sq ft ranges from ₹5,000 to ₹13,000, depending on the locality. Premium zones like Baner, Kharadi, and Koregaon Park are on the higher end, while Wagholi, Moshi, and Undri remain more affordable.
Ans: Yes. Pune’s property prices are expected to rise by 6–9% in 2026, driven by expanding metro lines, IT park development, and growing housing demand across western and eastern corridors.
Ans: Top investment areas include Hinjewadi, Wakad, Baner, Kharadi, and Tathawade. These localities offer strong rental yields (3–5%), good infrastructure, and long-term growth potential.
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