Top Localities to Buy a Flat in Pune

Real estate

Pune, the second most populated city in Maharashtra and once a peaceful abode for people seeking a tranquil life post-retirement, has now become an education and industrial hub to reckon with. Adding to it, popular tourist sites, including pilgrimage spots and hill stations make Pune one of the more lucrative residential alternatives in the country.

If you are seeking out the dream home for your family, this rundown of some of the top residential areas in Pune can help you decide:

  1. Wagholi

Chock-a-block with educational institutions, medical institutions and commercial marketplaces, Wagholi is one of the best areas to invest in Pune. Moreover, Wagholi has been the most consistent in terms of sales of residential property and new launches as well. Additionally, its proximity to the major employment centers in the city such as Viman Nagar, Kharadi and Hadapsar, promises to make it a gold mine for investments in the very near future.

Average property prices here (per square feet) calculate to almost Rs. 4,500. You can rent your property out and earn around Rs. 11,500 as income. The best part of this locality is that property prices haven’t fluctuated over a considerable period of time. Wagholi is also the address of Rohan Abhilasha, one of the plusher upcoming residential projects of the Rohan Group.

  • Undri

One of the more popular areas among homebuyers, the average property price here calculates to Rs. 4,700 per square feet. This is significantly lower than the prevalent average prices in the city – around Rs. 7,400 per square feet. If you are considering renting out the property, you can pocket around Rs. 17,500 per month.

  • Ravet

As compared to Wagholi and Undri, property prices at Ravet are slightly on the higher side, amounting to Rs. 5,900 per square feet. However, if you invest in a property here and rent it out, you can earn up to as much as Rs. 15,000 every month. This can help you recover your investment outlay in no time at all.

  • Wakad

Located exactly underneath the NH4 Bypass market, Wakad has to it all the elements that should be there to a posh and comfortable residential area – proximity to business and IT sectors, well-defined connectivity and a social hub in its vicinity.

While property prices have remained steady over the past two years, Wakad continues to be one of the costliest residential stops in the city. The price tag of Rs. 6,000–6,500 per square feet, is justified in retrospect, considering Wakad ranks very high on the liveability index, according to aggregators. The outlay in your property would be worth every dime, considering you can earn almost Rs. 18,000 on an average, in case you decide to rent it out.

  • Hinjewadi

A lot is similar between Hinjewadi and Wakad, in terms of residential convenience and affordability, particularly among middle-class prospective home buyers. However, when it comes to the luxury home segment, Hinjewadi delivers with an array of choices on a platter for you.

Joyville Hinjewadi, for instance, is a residential complex by the Shapoorji Pallonji group and strategically located close to some of the leading educational institutions, healthcare facilities, banks, bustling marketplace and restaurant chains.