Top 7 Pune’s Most Expensive Localities to Invest

Pune is one of the fastest growing and trending cities in the country that combines old-world charm and modern-day hustle and bustle to rank quite high in the living quality index. The city gives you a comfortable lifestyle with access to all modern amenities in countless upmarket and middle-income localities. It is also home to most of India’s leading real estate players and this serves the consumers well as the competition augurs well for the quality and standards. Since the boom began about two decades ago; several localities now stand out in terms of quality of life and quality amenities where the reality rates match with the best in the country. Following are the 7 most expensive localities of Pune to invest in.   

      1) Koregaon Park 

Koregaon Park is cosmopolitan with an abundance of eateries, clubs and businesses and is home to the iconic OSHO Ashram. It is well connected to the airport which is around 6 km and the railway station which is approximately 3 km away. In addition, it has five-star hotels and is just a stone’s throw away from Kalyani Nagar, Yerwada, Mundhwa and Boat Club Road. 

KP shares the expensive tag with other expensive locations like Tardeo, Worli and Mahalaxmi in Mumbai and it was among the top 10 most expensive realty markets in the country.

 Rate: Rs 8,000 to 13,000 sq ft approx 

      2) Boat Club Road

Centrally located, Boat Club Road is home to many expats. The new modern residential projects are enticing buyers who are looking for a quaint locality with a great green cover. Also having the metro line running adjacent is a major plus. The biggest tick in our boxes is the Royal Connaught Boat Club which has a major pull. With a major hospital like Ruby Hall Clinic just down the road, baking systems, and restaurants (Sunmoi, Zamus, Brasserie Cinq, Nandus) it is a well-sought-after locality to park your money in.

 Rate: Rs 10,000 to 16,000 approx 

      3) Phrabat Road

In fact, the tranquil residential neighbourhood in Pune’s southwestern region has the name of the renowned Prabhat Studios. The renowned Film and Television Institute of India is located at one end, while a confluence of various roads leading from Kothrud to Deccan Gymkhana is located at the other. Due to its proximity to FC Road, Shivaji Nagar, Symbiosis College, and Kamla Nehru Park, purchasing or renting a home here can result in a more laid-back way of life.

Rate: Rs 12,000 to 18,000 approx 

      4) Kalyani Nagar

Due to significant construction over the last ten years, Kalyani Nagar has risen to the status of being one of Pune’s most upscale and pricey real estate areas. Kalyani Nagar is home to the elite of Pune, with Trump Towers, Bishop’s School, and Marigold Multiplex, and is surrounded by IT hubs.

 Rate: Rs 7,000 to 12,000 approx

       5) Salisbury Park 

It is conveniently situated halfway between West Pune and South Pune in the city’s suburbs. It connects Gultekdi, also known as Seven Loves Chowk, on one side, and Golibar Maidan, which leads to Camp and Lullanagar and Kondhwa on the other. The Poonawallas, whose enormous guarded villa gave the neighbourhood its elegant reputation and appeal to Pune’s ultra-wealthy and elite, also live there.

Rate: Rs 4,000 to 16,000 approx

    6)  Senapati Bapat Road

Senapati Bapat Road, a well-known area in West Pune, has gained enormous popularity since Symbiosis College opened there. The straight road is bordered by a mall with a multiplex, a hospital, Chaturshringi Temple, and 5-star hotels. Meanwhile, commercial tower towers are continuing to spring up nearby and cast a shadow over the older businesses.

 Rate: Rs 11,000 to 13,000 approx

       7) Gokhale Nagar

High rises and luxury residences can be found in Gokhale Nagar, which is directly behind E-Square. These neighbourhoods are ideal for individuals seeking an opulent and slightly more comfortable lifestyle. Your entertainment and shopping requirements are taken care of because a multiplex is nearby and Pune Central is only a road cross away.

Rate: Rs 5,000 to 15,000 approx 

Top 8 Affordable Residential Localities in Pune to Invest

Pune is a prominent city in Maharashtra. There are various Investment options available in Pune. Here is the list of a few localities where a Homebuyer or an Investor should look for Investment in Pune. 

1. Balewadi

In the city’s northwest, on the outskirts of its historic districts, is the Pune suburb of Balewadi. Here is where the Shiv Chhatrapati Sports Complex is. The Mumbai-Pune Expressway, Aundh, Baner, and Balewadi are all conveniently close by. Balewadi properties are so highly sought-after. The main hospitals in Balewadi are LifeLine Hospital, Apex Eye Care Clinic, and Pearly White Dental Clinic.

2. Hinjewadi

A popular location for investments is Hinjewadi, a significant employment area in northeastern Pune. The region has good connections to other important areas including Wakad, Baner, Tathawade, and Balewadi. The main drawback of Hinjewadi is arguably the traffic, especially during rush hours, yet there is always a demand for properties due to the area’s appeal to all types of property buyers.

3. Wakad

Wakad has developed into a big metropolis and serves as a great illustration of how a rural location may change. Because of its sound infrastructure and reliable access to water and electricity, Wakad has become a popular place to live. Finding a rental flat in Pune won’t be a problem if you start your search in Wakad. Other significant hospitals in Wakad include Polaris Healthcare, Lifepoint Multispecialty Hospital, and others.

4. Baner

With Balewadi, Aundh, and the Hinjewadi IT cluster surrounding it, the residential-commercial district of Baner in northwest Pune is well situated. The demand for homes in this area is primarily driven by working professionals. You have several possibilities when it comes to renting or buying a property, based on the most recent posts. The area currently served by the Pune Mahanagar Parivahan Mahamandal Limited would have improved connectivity thanks to the 23.3-kilometre metro line that would pass via Hinjewadi Phase III-Civil Court (PMPML).

5. Hadapsar

Pune’s IT and ITeS powerhouse, Hadapsar, has seen a significant transformation. Farmland once existed in Hadapsar, but the area has experienced a significant alteration. Corporations like IBM, Accenture, TCS, and SAS, to mention a few, have offices here. Magarpatta City and Fursungi IT Park are notable locations in this area. The real estate development makes it a popular spot to settle down, and there are many leisure and recreational amenities for inhabitants.

6. Kharadi

On the eastern outskirts of Pune, Kharadi has expanded into a sizable metropolis. Kharadi was once a sizable area of undeveloped land, but it is now dotted with residential and commercial construction projects. It is close to the airport as well as well-known places like Cyber City, Kalyani Nagar, and Koregaon Park. The completion of road improvement projects in this area has benefited road connectivity as well. Due to the growth and accessibility of affordable housing, Kharadi is a fantastic spot to buy a house.

7. Pimple Nilakh

Mundhwa is a neighbourhood on Pune’s eastern outskirts. It is bordered on the north by the Mula River, on the east by Manjri, on the south by Hadapsar, and on the west by Ghorpadi. Magarpatta and Kharadi, two information technology clusters in east Pune, are close by. Property prices in Mundhwa are currently very reasonable. The biggest schools in Mundhwa are Rise High School, Orbis School, and Rajashree Shahu Maharaj Vidyalaya. Large hospitals, such as Gaikwad Hospital, are also located in the vicinity.

8. Mundhwa

An area known as Mundhwa is located on Pune’s eastern fringes. The Mula River, Manjri, Hadapsar, and Ghorpadi form its northern, eastern, southern, and western boundaries. Two information technology clusters in east Pune are nearby: Magarpatta and Kharadi. The cost of real estate in Mundhwa is currently quite affordable. Rise High School, Orbis School, and Rajashree Shahu Maharaj Vidyalaya are the three largest schools in Mundhwa. There are other large hospitals in the area, like Gaikwad Hospital.

Related FAQs

Q1. Which area in Pune has the highest rent?

Vadgaon Budruk leads in maximum rent in Pune.

Q2. Which is the best area in Pune?

New Kalyani Nagar is evincing to be the best area to live in Pune.

Q3. Which area is best to buy property in Pune for investment?

Baner is the best-to-buy property in Pune for investment.

Q4. Which is the most developing area in Pune?

NIBM Road, Viman Nagar, Magarpatta City, and Kharadi are the most developing areas of Pune.

Q5. Is buying property in Pune a good investment?

Yes, buying a property in Pune will be the wisest decision that you will ever take.

Conclusion

Pune, also known as the ‘Queen of Deccan’ is a well-developed and leading city in India. It is famous for its pleasant weather, educational institutes, multinational companies, industries, and many tourist attractions nearby. These qualities, have made Pune a hotspot for people wanting to live in.

Pune is the city that provides all the amenities that a person expects from his dream city like pleasant weather, great job opportunities, educational institutes, etc. Not, only the ‘Queen of Deccan’ but, Pune is also known as the ‘Oxford of the East’ mainly because of the presence of highly reputed educational institutes, colleges, and universities.

Here is a list of projects offered by Raichandani Group

Swarna Vatika – NIBM Road
Pentagon Towers – Karve Road
The Shwet – Baner
Sunman – Shivaji Nagar
Kesar – Gangadham