Let's Find Your Property

Pune is Maharashtra's second city for jobs and housing demand, and the choice of address matters more than the choice of city. Its IT parks, car plants and universities attract a large workforce, which has spread the city out towards its edges. Metro Line 3 is close to opening and will improve connections between the western suburbs and the centre.

The economy behind the housing

Pune's housing demand is driven by three types of employer:

• IT and services. Hinjewadi in the west and Kharadi in the east are the city's two main office clusters. The Hindustan Times reported in April 2026 that Welspun Enterprises had leased 4.5 lakh sq ft at Radius IT Park in Hinjewadi on a five-year lease, with total rent above ₹82 crore.
• Manufacturing. Pimpri-Chinchwad, Chakan and Talegaon form the car and engineering belt. Mahindra's EV facility at Chakan and defence manufacturing projects are expected to drive the next round of hiring.
• Pharma and education. The Serum Institute and the city's colleges provide a steady base of doctors, faculty, researchers and students, keeping the rental market busy.

Prices and rents

PropertyWala's asking prices put apartments for sale in Pune at about ₹13,070 per sq ft (2026 Q1 to Q4), up 12.8% on the year before.¹ From 2022 to 2026, the city average rose 45%, from ₹9,014 per sq ft, or about 9.7% a year. Apartments account for most listings, followed by residential land. Independent houses, offices and shops make up the small remainder.

Rents tell a different story. Apartments for rent are listed at about ₹28 per sq ft per month (2025 Q4 to 2026 Q3), down 3.2% on the year before. Two-bedroom flats for rent are listed at roughly ₹18,000 to ₹40,000 a month. Wagholi is at the cheaper end, while Kharadi is at the top. Two-bedroom rentals across Pune are listed on the search page.

The sales market is cooling. Mirror Now reported in September 2026 that Pune recorded 15,690 new home sales from July to September, a 6% fall on the quarter. It cited cautious buyers and a shift in demand towards prime, well-connected locations.

The main residential zones

West: the IT corridor

Hinjewadi is the largest office hub. Flats there averaged ₹10,656 per sq ft in 2025, up from ₹9,045 in 2022. Road access is poor, and Metro Line 3 is intended to serve commuters from the area. Wakad, beside Hinjewadi, is dearer. Flats there averaged ₹13,059 per sq ft in 2026, up from ₹12,853 in 2025, after rising from ₹10,402 in 2024. Tathawade, Punawale, Ravet and Pimple Saudagar extend the belt towards Pimpri-Chinchwad, with newer towers at lower prices than Wakad.

North-west: Baner and Balewadi

Baner is the premium end of the western suburbs. Flats there averaged ₹14,280 per sq ft in 2025, up 50% from ₹9,502 in 2022, the steepest rise among the localities tracked. Baner lies on the Hinjewadi-Shivajinagar corridor, as does Balewadi. Both are closer to the city centre than Hinjewadi and have a range of restaurants and shops.

East: Kharadi and the Nagar Road side

Kharadi is the eastern IT hub and PropertyWala's busiest locality. Flats averaged ₹11,484 per sq ft in 2025, up from ₹9,455 in 2022. Viman Nagar, Koregaon Park and Kalyani Nagar are established neighbourhoods near the airport. Wagholi, beyond Kharadi, is the value option, with some of the city's cheapest rents.

South-east: Hadapsar and Magarpatta

Hadapsar is a mid-priced option. Flats there averaged ₹10,433 per sq ft in 2025, up from ₹8,288 in 2022. It combines offices and industry with large residential townships such as Magarpatta. Mundhwa and the southern areas of Kondhwa, NIBM and Undri offer family housing at lower rates than the west and east.

The old city side

Kothrud, Aundh and Bavdhan are long-established residential areas, with schools, markets and the university nearby. Few flats in Kothrud are on the market, but those listed are priced well above the city average. The area suits owner-occupiers looking for an established neighbourhood.

Projects

Ready-to-move examples include Vilas Javdekar Yashwin Orizzonte in Kharadi, with 2 and 3 BHK flats priced at ₹1.02 crore to ₹1.35 crore. Shapoorji Joyville Sensorium in Hinjewadi offers 2 and 3 BHK flats at ₹1.01 crore to ₹1.15 crore. Elina Living in Mohamadwadi starts at ₹78 lakh for a 2 BHK. All completed projects are listed on the full page.

Under-construction projects show where new supply is coming:

• Sobha Nesara in Kothrud is partly ready, with the rest due in July 2027. It has 4 and 5 BHK flats priced at ₹3.09 crore to ₹5.55 crore.
• Pride World City Miami in Charholi is due in April 2029, with prices ranging from ₹88 lakh to ₹2.65 crore.
• Nexus Skydale in Punawale is due in April 2028, with prices ranging from ₹62 lakh to ₹1.19 crore.
• Miracle Imperio Towers in Tathawade is due in April 2032, with prices ranging from ₹1.01 crore to ₹1.53 crore.
• Godrej Evergreen Square in Hinjewadi Phase-3 is due in February 2031, with prices ranging from ₹85 lakh to ₹1.43 crore.
• Osian Almanova in Mundhwa is due in April 2032, with prices ranging from ₹1.42 crore to ₹4.11 crore.

Possession dates extend to 2032, with much of the long-term pipeline in the western and north-eastern fringes.

Infrastructure under way

Metro Line 3 (Hinjewadi-Shivajinagar). The 23-km corridor runs through Wakad, Balewadi and Baner and is the main project for IT commuters. The Hindustan Times reported on 30 September 2026 that the safety commissioner had cleared 17 of the 23 stations, with passenger services possible within 10 to 12 days of the remaining technical work. The Indian Express reported in September 2026 that the Legislative Council election code of conduct, in force through October, had delayed the opening again. The Times of India said in October 2026 that the project was about 96.5% complete. The opening date has slipped repeatedly this year, and the inauguration decision is still pending.

Hinjewadi and Chakan roads. The Hindustan Times reported in September 2026 that PMRDA and MIDC would share the ₹426-crore cost of a last-mile connectivity project for Hinjewadi metro users. Seven roads in the Chakan decongestion plan were under construction and due for completion in November and December, while land acquisition was under way for four more. The same report said PMRDA was targeting about 6,500 affordable homes in Moshi sector 12 by December 2026.

Air quality. The Times of India reported in October 2026 that the city's air quality index crossed 100 for the first time that week, with road dust and vehicle emissions the main pollutants. Doctors reported more allergy and asthma complaints. Construction dust is a concern in the fast-growing suburbs. The MahaMetro chief raised the issue at a sustainability conclave that month.

Who Pune suits

• IT professionals. Wakad, Baner and Balewadi suit those working in Hinjewadi, and the metro will benefit many of them. Kharadi, Wagholi and Hadapsar suit those working in the east.
• Factory and engineering staff. Pimpri-Chinchwad, Ravet and Talegaon put workers close to the Chakan and Pimpri plants.
• Families wanting an established neighbourhood. Kothrud, Aundh and Bavdhan have established infrastructure, but prices are well above the city average.
• Tenants. Rents have eased over the past year, and Wagholi and the outer fringes have the lowest asking rents.
• Buyers on a budget. Charholi, Punawale and Tathawade have new supply from about ₹55 lakh upwards, with possession dates extending to 2028 and beyond.

PropertyWala's verdict on Pune

Pune suits salaried buyers and tenants tied to Hinjewadi, Kharadi, Chakan or Pimpri-Chinchwad. They can choose a suburb to match their budget and commute. Buyers who need a short, reliable journey to the western IT parks will have to wait for the delayed Metro Line 3. Those looking for a quiet city with little construction dust should consider other options.