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Pune is one of the most preferred real estate destinations after Mumbai. Pune real estate is experiencing a shift toward luxury and ultra-luxury properties due to the growing demand for palatial homes with advanced facilities by IT professionals and white-collared individuals.
Real estate developers in Pune are catering to the evolving needs and aspirations of homebuyers. The supply of mid-segment and luxury has gradually increased, meeting the growing demand among homebuyers.
As stated in the Knight Frank Residential Report H1, the new unit launches in Pune increased by 40% annually. Around 28,047 units were launched in the H1 of 2024 whereas 31,501 units were launched in the second half. Therefore, a total of 52,346 units were supplied in the Pune real estate market with Hinjewadi dominating the supply and sales.
Note:
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How Is The Price Growth In Pune Real Estate?
The property prices in the Pune real estate market saw a significant growth of 6% in H2. Backed by the robust demand for luxury housing units, property price appreciation in Pune reached up to 12% by the 2024 year-end, as per the Cushman and Wakefield Q4 report on Pune real estate.
Compared to other metropolitan cities in India, Pune offers relatively affordable yet premium residences. This has led to sustained price appreciation in the city. Due to increased disposable income and preference for a larger home, Pune witnessed rising launches of premium properties.
The properties ranging below ₹ 50 Lakhs saw a decline in their supply. Whereas properties ranging between ₹ 50 Lakhs – ₹ 1 Crore are dominating the Pune real estate market with stable demand. However, the demand for properties priced over ₹ 1 Crore grew by 5% than the previous year. There is also a resilient demand for ready-to-move flats in Pune.
Due to its growing IT infrastructure and industrial base, the rental value in Pune is also upgrading. Pune had a 5% rental value appreciation in 2024. Rents in major micro markets remained stable, however, they are expected to rise by 3% – 4% by the 2025 year end, as stated in the reports.
Also Read: Mumbai Real Estate 2025: A Complete Overview
Current Property Price Trends In Pune Real Estate
| Localities | Prices |
| Kharadi | ₹ 10,100 per sq. ft. |
| Viman Nagar | ₹ 11,000 per sq. ft. |
| Hinjewadi | ₹ 10,000 per sq. ft. |
| Baner | ₹ 11,200 per sq. ft. |
| Mahalunge | ₹ 9,000 per sq. ft. |
| Manjari Khurd | ₹ 6,300 per sq. ft. |
| Mamurdi | ₹ 6,500 per sq. ft. |
| Mundhwa | ₹ 8,100 per sq. ft. |
| Pimpri Chinchwad | ₹ 6,100 per sq. ft. |
| Bavdhan | ₹ 8,500 per sq. ft. |
| Wagholi | ₹ 6,500 per sq. ft. |
| Wakad | ₹ 8,200 per sq. ft. |
Is Demand For Luxury Homes Rising In Pune Real Estate?
The mid-segment housing options kept their dominance in the Pune real estate market. The growth in Pune real estate was due to the upgrading demand for mid-range and luxury properties. The areas near the commercial and IT hubs saw a stupendous rise in residential demand.
The mid-segment properties ranging between ₹ 50 Lakhs – ₹ 1 Crore constituted 45% of the total sales volume in Pune. Even the sales volume of the properties priced above ₹ 1 Crore increased from 18% in H2 2023 to 23% in H2 2024.
This indicates a significant shift in homebuyers’ preference toward premium housing. Working individuals are opting for bigger homes with advanced amenities, work-from-home spaces, and green spaces within gated communities. They are willing to pay generously for a comfortable yet convenient lifestyle within the proximity of their workplace.
The property launches in Pune are catering to the evolving needs of the homebuyers. Developers are supplying larger and more lavish homes in the residential market to meet the growing demand of homebuyers. With developers maintaining the supply to fulfill the resilient demand, the sales volume of luxury properties in Pune will continue to rise.
The property prices in Pune will continue to appreciate with increasing homebuyers’ confidence and growing IT sector. The comparative affordability and larger spaces in Pune residential market makes it an ideal destination for investment than Mumbai and Bangalore.
Also Read: Luxury Apartments In Pune 2025
Which Micromarkets Are Leading In Pune Real Estate?
Micro markets in the Western region of Pune, including Hinjewadi, Aundh, Baner, and more, are poised to flourish with their proximity to the IT hubs. Hinjewadi constituted 50% of the total new launches in Q4. The demand for housing in these regions is stimulated by the upcoming Ring Road project and metro connectivity.
The eastern region of Pune also saw an increased demand for residential properties due to the flourishing commercial sector in Kharadi, Kalyani Nagar, Viman Nagar, Magarpatta City, and Hadapsar. Its proximity to the Pune-Bangalore Highway and Pune Ahmednagar Road is an added advantage for homebuyers. Pune International Airport is also in this region.
The property prices in East Pune range between ₹ 9,500 per sq. ft. and 16,500 per sq. ft. Whereas the property prices in West Pune range from ₹ 6,500 per sq. ft. to ₹ 16,400 per sq. ft. The property prices in Central and South are mostly stable with sustained demand.
The North Zone of Pune including Punawale, Tathawade, Talegaon, and Pimpri Chinchwad is gaining traction with around 24% of total sales in the first half of 2024. The rental growth has been exponential in the micro markets near the IT and industrial hubs.
How Does Infrastructure Boost Pune Real Estate?
The infrastructural growth in Pune is further accelerating the real estate growth of the city. The ongoing development of the 168 km long Pune Ring Road has uplifted the demand for properties in North and West Pune.
Pune railway station is serving the city from the Northern point to Hadapsar in the Southern region. Moreover, operational and upcoming metro connectivity have made commuting easier for residents. The metro expansion via the Purple and Aqua Lines has uplifted the property prices in their peripheral regions.
Upcoming metro connectivity in West Pune has already accelerated the prices in top localities, such as Kalyani Nagar, Baner, Wakad, Kothrud, and more. The growing IT infrastructure has stimulated property prices in Kalyani Nagar, Kharadi, and Hadapsar. Upcoming commercial and industrial developments are bound to impact the real estate growth in Pune. Hence, it is ideal to buy a flat in Pune.
Is Commercial Market Booming In Pune Real Estate?
Commercial real estate in Pune has been flourishing since the last decade. Known for its IT infrastructure and manufacturing industries, Pune has become one of the most popular employment hubs besides Mumbai. Considering its affordability and scope of space, working professionals are opting for this city rather than Mumbai and Bangalore.
So, the demand for commercial spaces has increased exponentially. As per the Knight Frank H2 2024 Office Market Report, the commercial property transactions grew by 4% – 5% in Kharadi, Viman Nagar, Hinjewadi, Wakad, and Bavdhan.
The PBD East, including Kharadi and SBD East, including Kalyani Nagar, Hadapsar, Nagar Road, and Yerwada, are leading the commercial real estate market in Pune. The Peripheral Business District (PBD) East and the Secondary Business District (SBD) East accounted for 33% and 28% of transactions in H2 2024, respectively.
With an increasing preference for hybrid work models, flexible workspaces have seen a huge demand among investors. A health startup ecosystem has stimulated the transactions of flex spaces in Pune. Moreover, the rental growth of the commercial market in Pune has gone up by 5%. Global Capacity Centres, BFSI, and IT/ITeS sectors will continue to boom, thereby elevating the growth of the Pune commercial real estate market.
Which Are The Top Real Estate Developers In Pune?
Gera Developments
Gera Developments Pvt. Ltd. is a visionary developer with 50+ years of expertise in delivering quality-conforming homes. It is the first developer to have designed child centric homes in India. It has 62 luxury residential and commercial properties with 8.34 M+ sq. ft. of land under construction. Gera Developments Pvt. Ltd have their presence in Pune, Bangalore, Goa and even in San Francisco, California in USA. The developer aims to outdo innovation and transparency, and enhance customer experience. Below are the top projects by Gera Developments.
| Gera’s World Of Joy | Gera’s Planet Of Joy | Gera’s Island Of Joy |
| Gera’s Greenville | Gera’s Isle Royale | Gera’s Adara |
Nyati Group
Nyati Group is one of the renowned real estate developers in Pune. Since its formation in 1997, the group has been successful in delivering exemplary services in the residential, commercial, healthcare, and hospitality sectors. It has till now delivered 68 projects and has a portfolio of 14,000+ happy families. Nyati Group’s focus relies on exceptional design, aesthetics, and innovation to meet several aspirations of their customers. Below are the top projects by Nyati Group.
| Nyati Tathawade | Nyati Emerald | Nyati Elan West III |
| Nyati Equinox | Nyati Enthral | Nyati Embrace 1 |
Goel Ganga Group
Goel Ganga Group has been at the forefront of transforming the skyline of Pune for the last 40 years. The group has successfully completed 100+ projects across Pune, Nagpur, and Mumbai. Their landmark projects reflect the group’s unique design principles, evolving innovation, and integrity to better customer services. The group is the first real estate developer to obtain ISO 9001 Quality Management Certification in 1997. Below are the top projects by the Goel Ganga Group.
| Goel Ganga Avanta | Ganga Platinum | Ganga Millennia |
| Ganga Hillshire | Ganga Altus | Ganga Fernhill |
VTP Realty
VTP Realty is one of the leading real estate developers in Pune. With a legacy of over 39 years, the developer has pioneered in designing and delivering thoughtful homes with luxury spaces and architectural excellence. It has 30+ projects and 3 Crore+ sq. ft. of under-construction land on its portfolio. VTP Realty has several residential and commercial properties and integrated township developments. Below are the top projects by VTP Realty.
| VTP Flamante | VTP Bellissimo | VTP Blue Waters |
| VTP Earth One | VTP Magnum Opus | VTP Leonara |
Kalpataru Group
With its 55+ years of legacy in the real estate industry, Kalpataru Group has excelled in developing exquisite residential elevations, townships, communities, and commercial spaces. It has around 110+ landmark projects and 19,000+ happy families in its portfolio. Below are the top projects by the Kalpataru Group.
| Kalpataru Blossoms | Kalpataru Jade Residences | Kalpataru Harmony |
| Kalpataru Serenity | Kalpataru Exquisite | Kalpataru Splendour |
Godrej Properties
Godrej Properties is one of the most credible developers in India. It has a total of 102 ongoing and upcoming projects across various locations in the country. Since its inception in 1990, Godrej Properties has expanded its portfolio into residential, commercial, retail, industrial, etc. Below are the top projects by Godrej Properties.
| Godrej Forest Grove | Godrej Hillside | Godrej The Rivergreens |
| Godrej Evergreen Square | Godrej Hill Retreat | Godrej Park World |
Kolte Patil Developers
Incorporated in 1991, Kolte Patil Developers is a trusted name in the real estate landscape of Pune. With over 64 projects across residential, commercial, and IT domain, the group has around 28 million sq. ft. of land across Mumbai, Pune, and Bangalore. The developer aims to create future-perfect and aesthetically appealing homes and commercial spaces. Below are the top projects by Kolte Patil Developers.
| Kolte Patil Life Republic | Kolte Patil Baner | Kolte Patil 24 K Manor |
| Kolte Patil Little Earth | Kolte Patil 24 K – R5 – Sector | Kolte Patil Springshire |
Lodha Group
Lodha Group is one of the prestigious names in the Indian real estate industry. Known for its exquisite skyscrapers and the finest township developments, Lodha Group has a legacy of excellence, integrity, and unmatched quality. Lodha has delivered some ultra-luxurious projects with innovative technologies and curated facilities. Below are the top projects by Lodha Group.
| Lodha Giardino | Lodha Panache | Lodha Palais |
| Lodha Bella Vita | Lodha Bavdhan | Lodha Belmondo |
Kohinoor Group Constructions
Kohinoor Group Constructions is one of the reputed developers in Pune with 41 years of legacy. It has 45 landmark projects across Pune with 9 million sq. ft. of area delivered till now. Their concept of Sada Sukhi Raho is reflected in their products and services. The developer aims to build long-lasting customer relationships with integrity, transparency and quality.
| Kohinoor Central Park | Kohinoor Greentastic | Kohinoor West View |
| Kohinoor Satori | Kohinoor Famville | Kohinoor Sportsville |
Rohan Builders
Rohan Builders is one of the prestigious developers in Pune with a consistent DA2+ certification by CRISIL. It reinstates the developers’ commitment towards impeccable quality and timely project executions. Rohan Builders has an extensive work portfolio across residential, commercial, and infrastructural developments.
| Rohan Saroha | Rohan Viti | Rohan Nidita |
| Rohan Harita | Rohan Abhilasha | Rohan Ekam |
What is the price of 2 BHK flat in Pune?
The price of 2 BHK flat in Pune ranges from ₹ 35 Lakhs to ₹1.60 Crore.
What is the price of 3 BHK flat in Pune?
The price of 3 BHK flats in Pune is between ₹ 70 Lakhs and ₹ 3.50 Crores.
Which are the top projects offering 4 BHK flat in Pune?
Some of the top projects, including Kolte Patil Life Republic, Kalpataru Blossoms, Pride World City, Mahindra Citadel Bastion, Lodha Palais, and more, offer a luxurious 4 BHK flat in Pune.
Prestigious projects like Godrej Evergreen Square, Godrej Hill Retreat, Godrej Park World, Godrej Woodsville, and Kohinoor Sportsville offer a premium 1 BHK flat in Pune.
FAQs
| Which are the popular micro markets in Pune real estate?
Kharadi, Hinjewadi, Baner, Balewadi, Kalyani Nagar, Hadapsar, Punawale, Tathawade, and Magarpatta are some of the most popular micro markets in Pune. These localities offer affordable and luxury properties. |
| How was the price growth in the Pune real estate market in 2024?
The Pune real estate market had a price growth of 12% annually in 2024. This price appreciation was due to the resilient demand for mid-segment and premium properties. |
| Which is the most preferred housing segment in Pune real estate?
The most preferred housing segment in the Pune real estate market ranges between ₹ 50 Lakhs and ₹ 1 Crore. |
| Do properties in Pune provide good rental yields?
Properties in Pune have witnessed a 5% of rental appreciation in 2024 with the future growth assumed between 3% – 4%. The rental demand will continue to sustain in Pune among students and working professionals. |
| What is the average price of properties in Pune?
The average property price in Pune is between ₹6,500 per sq. ft. – ₹ 15,000 per sq. ft. |
