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Latest Property Rates in Pune: Area-Wise Price Per Sq. Ft and Rental Trends in 2025
Published : May 22, 2025, 11:54 PM
Updated : May 22, 2025, 11:54 PM
Author :
Vivek
Table of Contents
Considering a move to Pune? Understanding Property Rates in Pune is crucial for navigating the city's real estate market. This vibrant city offers a diverse range of options, from luxury apartments to affordable plots. The property appreciation rate in Pune has been positive in 2025, with some areas experiencing a significant increase in residential property value. In this guide, we'll delve into current property rates across various localities, helping you find the perfect fit for your budget and lifestyle.
Key Reasons Why Property Rates in Pune are Increasing
Below are key reasons behind Pune's sharp rise in property rates, including growing infrastructure, IT hubs, connectivity, and increasing demand for residential and commercial spaces.
1. Favourable Stamp Duty & GST Rates
As a means of reviving the state’s slow real estate market, which the pandemic has hampered, the Pune government agreed on August 26, 2020, to temporarily reduce stamp duty rates from 5 per cent to 2 per cent, which helped buyers avail attractive property prices in Pune. Pune’s stamp duty and local body tax (three per cent stamp duty plus one per cent local body tax) were relaxed too, further affecting land prices in Pune. Several real estate developers are willing to pay the GST on behalf of the buyer. This is considered one of the primary reasons for the 58 per cent increase in sales between July to September 2020. While the property registrations in March 2024 surged by 52% compared to the same period in 2023. Also, there's a strong demand for mid-range and luxury properties, with average selling prices increasing by 11%.
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2. Technology-Enabled Real Estate with a Wide Range of Offerings
During the lockdown period and the months after its termination, real estate developers in Pune and other Indian metropolises have actively improved their technology capabilities. Technology integration into our business practices, such as virtual house tours, video conferencing, and targeted digital advertising, resulted in low demand and falling flat rates in Pune. Real estate builders in Pune are eager to eliminate their unsold inventory. They have marketed several packages, including a minimum expression of interest, cash discounts, and freebies, leading to better property rates in Pune. With area-wise property rates in Pune varying significantly, it's crucial to research specific localities before finalising a flat.
3. Excellent Employment Opportunities
Pune has been a popular location for job seekers due to the city's flourishing information technology sector and rising employment opportunities in various industries. Many professionals who migrated to the city a decade ago now own plots or apartments, as the 1 guntha price in Pune has been favourable to the buyers. Pune is also considered the educational centre of the state since it is home to several well-known schools and institutions that maintain high educational standards. The migration of young people due to job opportunities is the most significant factor affecting the rent rates in Pune.
4. The Benefits of Slow Business to the Buyers
The pandemic harmed Pune's commercial real estate industry, with the economic downturn stopping many enterprises' growth and employment plans. Specific locales such as Kharadi, Baner, and Hinjewadi, which have an abundance of ready-to-move housing units, mainly residential flats, have many people eager to lease property for rent in Pune. The spreading IT/ITes centres in these three cities will provide a solid foundation for positive real estate situations at reasonable Pune prices.
5. Improving Infrastructure & Public Transport
Increased development in the city's outskirts, particularly in areas like M.G. Road, Koregaon Park, and Bund Garden, has resulted in a significant rise in infrastructure, leading to better property rent in Pune. Air, rail, and road connections link Pune to other cities and international destinations within the region and to other cities and international destinations. They are amongst the real estate price trends in Pune. The Pune Mahanagar Parivahan Mahamandal Limited (PMPL) offers a city bus service that makes it convenient to travel inside and outside of the city, hence indirectly contributing to the rise in the value of Pune real estate properties.
Real Estate Overview Pune in 2025
properties. The real estate market in Pune is influenced by several factors, including government policies, construction rates, and property valuation. In recent years, Pune has become a hotbed for property investment, with many people looking to purchase homes in the city’s prime locations.
Key Sub-Markets in Pune
Pune has several key sub-markets, each with its unique features and benefits.
1. High-end Segment Sub-Markets in Pune
For those looking for luxury homes in Pune, the city has several high-end sub-markets to choose from. These areas offer a mix of upscale homes, prime locations, and top-notch amenities.
Some of the most sought-after high-end sub-markets in Pune include Koregaon Park, Bund Garden Road, Aundh, Boat Club Road, Mangaldas Road, Baner, Kalyani Nagar, Viman Nagar, Sopan Baug, Uday Baug, Hadapsar, Deccan Gymkhana, Model Colony, Prabhat Road, Erandwane, Bhosale Nagar, and more.
2. Mid-Segment Sub-Markets in Pune
For those looking for affordable homes in Pune, the city has several mid-segment sub-markets to choose from. These areas offer a mix of budget-friendly homes, convenient locations, and essential amenities.
Some of the most popular mid-segment sub-markets in Pune include Kothrud, Kalyani Nagar, Yerwada, Shashtri Nagar, Viman Nagar, Old Airport Road, Vishrantwadi, Kharadi, Wagholi, Wadgaon Sher, Hadapsar, Manjri, Mundhwa, Keshavnaga, Wanowrie, NIBM Road, Lulla Nagar, Undri, and Kondhwa.
Property Trends That Affect Pune Real Estate Prices
- At present, more than 60,246 ready apartments are available in Pune, and around 9,150 flats are under development. Furthermore, the average capital value (CV) of properties in significant regions of Pune has increased in recent years due to the faultless infrastructural development in these locations.
- As previously stated, the CV has benefited from a well-balanced demand and supply chain. Pune's membership in the Hundred Smart Cities initiative has also worked in the city's favour, attracting notable developers and prompting them to create and launch luxurious real estate developments.
- Property developments such as Rohan Abhilasha in Wagholi, 7 Plumeria Drive in Tathawade, Kalpataru Jade in Baner, and Avon Vista in Balewadi have attracted the interest of real estate investors.
- While luxury houses are available in regions such as Balewadi because of the well-developed infrastructure there, areas on the periphery, such as Wagholi and Tathawade, offer budget house rates in Pune.
- People seek property only for investment reasons. With a budget ranging from Rs. 61 lakhs to Rs. 71 lakhs, they would have over 3,000 possibilities to pick from in regions such as Hinjewadi, Baner, Kothrud, and Kharadi, all of which offer over 3,000 property options at affordable Pune apartment costs.
- Pune's suburbs, including Pashan, Wakad, and Aundh, have developed robust infrastructure, which has resulted in a spike in demand for flats and improved plot rates.
- The demand for rental housing is increasing because of the influx of information technology businesses establishing offices in these locations. For those who want a more modest budget of Rs. 51 to Rs. 61 lakhs, there are around 3,553 apartment alternatives to select from, which is still impressive.
- It doesn't matter which neighbourhood or project you select; most housing societies will provide you with a list of facilities, typically including a clubhouse, children's play area, open garden, swimming pool, and 24-hour high-level security.
- Average Pune flat rates: 1BHK - Rs. 40 lakhs, 2BHK - Rs. 65 lakhs, 3BHK - Rs. 1.1 crores, 4 bhk - Rs. 3.8 crores. The average flat price in Pune depends on several factors, including the type of flat (apartment), size, location, and amenities.
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 2025 and 2024, as well as the growth rate in the cost. The price mentioned is the per square foot rate in Pune 2025.
| Locality Name | Buy Rates / Price Range (Rs. per sq. yd.) | ||
| 2025 | 2024 | 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
Here is a tabulation of Pune real estate prices area-wise for the top 15 localities for 2024 and 2025, and the growth rate in the cost. The price is given as per the Pune sq. ft rate.
| Locality Name | Pune Property Rates Area Wise Price Range (Rs. per sq. ft.) | ||
| 2025 | 2024 | Avg. Y/Y growth rate | |
| Katraj | Rs. 4,500 - 6,000/sq. ft. | Rs. 4,520 – 5,640/sq. ft. | Constant |
| Mundhwa | Rs. 6,000 - 8,000/sq. ft. | Rs. 5,980 – 6,995/sq. ft. | – 3-4% |
| Baner | Rs. 7,000 - 9,000/sq. ft. | Rs. 6,205 – 8,382/sq. ft. | 5-7% |
| Bhavani Peth | Rs. 8,000 - 10,000/sq. ft. | Rs. 6,250 – 7,855/sq. ft. | -4-7% |
| Camp Area | Rs. 10,000 - 12,000/sq. ft. | Rs. 6,020 – 7,850/sq. ft. | 1-3% |
| Kothrud | Rs. 8,538 – 10,715/sq. ft. | Rs. 8,538 – 10,715/sq. ft. | Constant |
| Sinhagad Road | Rs. 8,000 - 10,000/sq. ft. | Rs. 4,050 – 4,800/sq. ft. | 4-6% |
| Hadapsar | Rs. 5,000 - 7,000/sq. ft. | Rs. 5,145 – 7,012/sq. ft. | Constant |
| Hinjewadi | Rs. 4,000 - 6,000sq. ft. | Rs. 4,650 – 5,680/sq. ft. | 8-11% |
| Kalyani Nagar | Rs. 12,000 - 15,000/sq. ft. | Rs. 7,880 – 9,650/sq. ft. | -6-8% |
| Wakad | Rs. 7,000 - 9,000/sq. ft. | Rs. 5,952 – 6,680/sq. ft. | 1-3% |
| Aundh | Rs. 10,000 - 12,000/sq. ft. | Rs. 7,120 – 8,580/sq. ft. | 0.93% |
| Sadashiv Peth | Rs. 9,000 - 11,000sq. ft. | Rs. 8,740 – 10,378/sq. ft. | Constant |
| Koregaon Park | Rs. 12,000 - 15,000/sq. ft. | Rs. 8,728 – 11,950/sq. ft. | 2-5% |
| Shivaji Nagar | Rs. 15,000 - 20,000/sq. ft. | Rs. 10,400 – 13,945/sq. ft. | 7-9% |
Property Rent in Pune in 2025
Now we will take a look at average flat rents in Pune. We will discuss all kinds of apartments rent in Pune like 2 BHK, 3 BHK, 1 BHK, and 1 RK.
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 Name | Average Rental Rates of 2 BHK in Pune | ||
| 2025(Rs) | 2024 (Rs) | Avg. Growth Rate Y/Y | |
| Katraj | 13,000 - 18,000 | 14,000 | -12-15% |
| Mundhwa | 16,000 - 22,000 | 14,848 | 7-10% |
| Baner | 18,000 - 25,000 | 18,197 | -9-17% |
| Bhavani Peth | 20,000 - 28,000 | 15,851 | 10% |
| Camp Area | 25,000 - 35,000 | 24,198 | -17-23% |
| Kothrud | 18,000 - 24,000 | 14,500 | 5-13% |
| Sinhagad Road | 15,000 - 20,000 | 8,581 | 15-23% |
| Hadapsar | 12,000 - 16,000 | 13,939 | 10-19% |
| Hinjewadi | 10,000 - 14,000 | 12,626 | 12-20% |
| Kalyani Nagar | 22,000 - 30,000 | 21,000 | 20-23% |
| Wakad | 16,000 - 22,000 | 14,125 | 8-15% |
| Aundh | 20,000 - 28,000 | 17,514 | -2-3% |
| Sadashiv Peth | 18,000 - 24,000 | 14,937 | 5-8% |
| Koregaon Park | 22,000 - 30,000 | 23,774 | -6-10% |
| Shivaji Nagar | 25,000 - 35,000 | 21,820 | 14-20% |
3 BHK Rent in Pune
The average 3 BHK rent 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 Name | Average Rental Rates of 3 BHK in Pune | ||
| 2025(Rs) | 2024 (Rs) | Avg. Growth Rate Y/Y | |
| Katraj | 18,000 - 25,000 | 15,600 | -12-15% |
| Mundhwa | 22,000 - 30,000 | 23,848 | 7-10% |
| Baner | 25,000 - 35,000 | 28,197 | -1-5% |
| Bhavani Peth | 28,000 - 40,000 | 18,851 | 10% |
| Camp Area | 35,000 - 50,000 | 26,200 | Constant |
| Kothrud | 24,000 - 32,000 | 28,500 | 13-20% |
| Sinhagad Road | 20,000 - 28,000 | 14,581 | 15-18% |
| Hadapsar | 16,000 - 22,000 | 24,939 | 10-19% |
| Hinjewadi | 14,000 - 20,000 | 21,626 | -12-18% |
| Kalyani Nagar | 30,000 - 42,000 | 38,000 | 10-18% |
| Wakad | 22,000 - 30,000 | 18,125 | 18-25% |
| Aundh | 28,000 - 40,000 | 27,500 | -13-15% |
| Sadashiv Peth | 24,000 - 32,000 | 25,937 | -8-17% |
| Koregaon Park | 30,000 - 42,000 | 37,774 | 10-20% |
| Shivaji Nagar | 35,000 - 50,000 | 27,820 | 14-20% |
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 2024 and 2025 and the growth rate in the rent.
| Locality Name | Average Rental Rates of 1 BHK in Pune | ||
| 2025 (Rs) | 2024 (Rs) | Avg. Growth Rate Y/Y | |
| Katraj | 8,000 - 12,000 | 7,000 | Constant |
| Mundhwa | 10,000 - 15,000 | 8,480 | 17% |
| Baner | 12,000 - 18,000 | 9,897 | 5-15% |
| Bhavani Peth | 14,000 - 20,000 | 8,500 | 15-20% |
| Camp Area | 18,000 - 26,000 | 15,200 | Constant |
| Kothrud | 12,000 - 16,000 | 10,500 | 20% |
| Sinhagad Road | 10,000 - 14,000 | 7,500 | Constant |
| Hadapsar | 8,000 - 12,000 | 7,539 | 10-19% |
| Hinjewadi | 7,000 - 11,000 | 8,626 | 13% |
| Kalyani Nagar | 16,000 - 22,000 | 11,000 | 10-20% |
| Wakad | 12,000 - 18,000 | 9,700 | Constant |
| Aundh | 14,000 - 20,000 | 13,000 | 3-5% |
| Sadashiv Peth | 12,000 - 16,000 | 13,237 | -8-17% |
| Koregaon Park | 16,000 - 22,000 | 15,774 | 10-20% |
| Shivaji Nagar | 18,000 - 26,000 | 27,820 | 14-20% |
How NoBroker Can Help?
In the eyes of investors, Pune ranks as one of the most feasible and attractive locations for making real estate investments, and Pune’s real estate rates favour it. If you need help finding the right property, you will surely find it at NoBroker. Please leave a comment below this article; our executive will contact you shortly.
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.
Answer – Hadapsar and Ambegaon are the best areas to buy land in Pune.
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