10 Best Places for Real Estate Investment in Pune in 2024-25

Buying your dream home involves a lot of research regarding locality, weather, accessibility, and interiors. Don't buy the first house you see when looking for real estate investment in Pune. Plenty of research goes on before you make a huge decision like this. It would help if you looked at housing market predictions and trends and identified the Best Place to invest in Pune this year to ensure your budget and several considerations, like price inflation over the past year.

Knowing that the real estate market in Pune is so hard to manoeuvre, We decided to bring some ease and transparency into the market by creating a Real Estate Report. This report contains insights from over 10 million customers who use our platform. To find out more, we even designed a comprehensive survey that had 17,652 respondents. We combined all this data to help you get a clear forecast of the market in 2024 for Pune. Here, we will look at trending localities you can invest in and are not doing well. So, if you are wondering about the best place to invest in property in Pune, read on! 

List of 10 Best Places to Invest in Pune

Below is a list of the best places to invest in Pune in 2024 based on factors like infrastructure, real estate growth, connectivity, and proximity to commercial hubs:

1. Wakad
2. Pimpri-Chinchwad
3. Pimple Gurav
4. Wadgaon Sheri
5. Kothrud
6. Hinjewadi
7. Baner
8. Hadapsar
9. Magarpatta
10. Balewadi

Best Location in Pune for Investment in 2024-25

Many localities that once did well slowly slipped from the top spot, and some that you would not expect to do well surprised us. But what is Pune's best area in which to buy a flat this year? To answer this question, here are the localities that saw the most interest from buyers in 2024 and are a safe bet in 2024.

1. Wakad, Pune

Located near the Rajiv Gandhi Infotech Park of Hinjewadi, Wakad is a great emerging neighbourhood for techies and residential populations. The Pimpri Chinchwad municipal corporation provides all the necessary amenities. 

Quick Information About Wakad

Location	Pune, Maharashtra, India
Connectivity	Excellent road connectivity, close to Mumbai-Pune Expressway, upcoming Metro project
Infrastructure	Well-developed roads, drainage system, reliable electricity and water supply
Real Estate Growth	15% growth over the past three years, 16% increase in property rates over the last five years
Rental Yield	Average rental yield of 2.5% to 3.5% per annum
Nearby Amenities	Schools, hospitals, shopping centres, recreational facilities, IT hubs
Price Range	₹6,600 - ₹9,700 per sq. ft
Best Property Types	2 BHK and 3 BHK apartments, luxury apartments, villas
Future Developments	Upcoming Metro project, Ring Road project, new residential and commercial projects
Ideal for	IT professionals, families, investors

2. Pimpri-Chinchwad, Pune

Located in the northwestern part of Pune, Pimpri-Chinchwad has not only all the municipality amenities but is also one of the major industrial hubs on the Asian continent. This means residents in the locality will have access to all the major modern developments available to citizens in the nation.

Quick Information About Pimpri-Chinchwad

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road and rail connectivity, close to Mumbai-Pune Expressway
Infrastructure	Well-developed with industrial and residential areas
Real Estate Growth	10% growth over the past three years
Rental Yield	Average rental yield of 3% to 4% per annum
Nearby Amenities	Schools, hospitals, shopping centres, IT parks
Price Range	₹5,000 - ₹8,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Upcoming commercial and residential projects
Ideal for	Professionals, families

3. Pimple Gurav, Pune

Located in the northwestern part of Pune, Pimple Gurac has several scenic neighbourhoods off the National Highway 48 and several vital railway lines. Its good connection to transport hubs and citywide infrastructure makes it a great residential destination.

Quick Information About Pimple Gurav

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road connectivity, close to Hinjewadi IT Park
Infrastructure	Developing with residential and commercial areas
Real Estate Growth	8% growth over the past three years
Rental Yield	Average rental yield of 2% to 3% per annum
Nearby Amenities	Schools, parks, shopping centres
Price Range	₹4,500 - ₹7,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Upcoming residential projects
Ideal for	Families, young professionals

4. Wadgaon Sheri, Pune

Mostly a commercial and residential hub of Pune in the heart of Pune, Wadgaon or Vadgaon Sheri is an upscale neighbourhood with strategically posh areas like Kalyani Nagar and Viman Nagar nearby. 

Quick Information About Wadgaon Sheri

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road connectivity to major parts of the city
Infrastructure	Well-established with residential areas
Real Estate Growth	7% growth over the past three years
Rental Yield	Average rental yield of 2.5% to 3.5% per annum
Nearby Amenities	Schools, colleges, hospitals, shopping centres
Price Range	₹6,000 - ₹9,000 per sq.ft
Best Property Types	Villas, bungalows
Future Developments	Residential growth
Ideal for	Families, professionals

5. Kothrud, Pune

Always a preferred upscale residential market, Kothrud has been the centre of rapid expansion and development, which is why it may also be known as the capital of Pune itself. You may consider it the best place to buy a plot in Pune.

If you compare the top localities from 2022 to 2021, you’ll notice that Waked, Kothrud, and Pimpri-Chinchwad have held on to their top spots, and the two new entries are Pimple Gurav and Wadgaon Sheri.

Quick Information About Kothrud

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road connectivity to the city centre
Infrastructure	Well-planned with residential and commercial areas
Real Estate Growth	10% growth over the past three years
Rental Yield	Average rental yield of 3% to 4% per annum
Nearby Amenities	Schools, colleges, hospitals, shopping centres
Price Range	₹7,000 - ₹10,000 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Residential projects
Ideal for	Professionals, families

6. Hinjewadi, Pune

In Pune's western suburbs, Hinjewadi stands out as a real estate powerhouse in 2024. Home to India's largest IT park, the Rajiv Gandhi Infotech Park, and a vibrant community of IT firms and educational institutions, it's a magnet for both residential and commercial Pune investments. Its top-notch infrastructure, strategic location connecting major IT hubs, and the flourishing IT industry make Hinjewadi an irresistible choice for real estate investors. With government-backed infrastructure development and a rising demand for quality housing, Hinjewadi is the ultimate destination for savvy investors in Pune.

Quick Information About Hinjewadi

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Excellent road connectivity, close to Mumbai-Pune Expressway
Infrastructure	Well-developed with IT parks and residential areas
Real Estate Growth	12% growth over the past three years
Rental Yield	Average rental yield of 3.5% to 4.5% per annum
Nearby Amenities	IT parks, schools, hospitals, shopping centres
Price Range	₹6,500 - ₹9,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	IT park expansions, residential projects
Ideal for	IT professionals

7. Baner, Pune

Baner will become a premier real estate investment locale in Pune's western suburbs. This upscale area, home to a thriving IT sector and educational institutions, boasts soaring demand for residential and commercial properties. Its robust infrastructure, excellent connectivity, and proximity to key IT hubs like Hinjewadi and Pimpri-Chinchwad make it a prime choice. With the IT industry's ongoing growth, government-backed infrastructure development, and a rising demand for quality housing, Baner presents an irresistible opportunity for savvy real estate investors in Pune.

Quick Information About Baner

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road connectivity to major parts of the city
Infrastructure	Developing with commercial and residential areas
Real Estate Growth	13% growth over the past three years
Rental Yield	Average rental yield of 3% to 4% per annum
Nearby Amenities	Shopping malls, restaurants, recreational facilities
Price Range	₹7,000 - ₹10,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Commercial and residential projects
Ideal for	Young professionals, families

8. Hadapsar, Pune

Hadapsar, situated in Pune's eastern suburbs, will take the spotlight as a top-performing real estate investment destination in 2024. Boasting a thriving IT sector and educational institutions, it's a magnet for demand for residential and commercial property. With a diverse property mix, strong infrastructure, and strategic connectivity to IT hubs like Hinjewadi, Hadapsar is affordable and offers proximity to essential amenities. As the IT industry continues to surge and the Maharashtra government invests in infrastructure, Hadapsar is poised for significant growth, making it an attractive choice for savvy real estate investors seeking high demand, quality infrastructure, and proximity to key IT centres in Pune.

Quick Information About Hadaspur

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road connectivity to the city centre
Infrastructure	Well-established with industrial and residential areas
Real Estate Growth	9% growth over the past three years
Rental Yield	Average rental yield of 2.5% to 3.5% per annum
Nearby Amenities	Schools, colleges, hospitals, shopping centres
Price Range	₹5,500 - ₹8,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Industrial and residential projects
Ideal for	Professionals, families

9. Magarpatta, Pune

Magarpatta, located in Pune's eastern suburbs, stands out as a top real estate investment hub in 2024. Home to thriving IT companies and educational institutions, it enjoys strong demand for residential and commercial properties. With excellent infrastructure, connectivity to major IT hubs, and a well-planned layout, Magarpatta offers a high quality of life. Its future shines brighter, driven by the IT industry's growth, government infrastructure investments, and the rising demand for quality housing. For Pune real estate investors seeking a blend of demand, infrastructure, and proximity to IT centres, Magarpatta is the place to be.

Quick Information About Magarpatta

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Excellent road connectivity, close to the city centre
Infrastructure	Modern with a self-sustaining township
Real Estate Growth	15% growth over the past three years
Rental Yield	Average rental yield of 3% to 4% per annum
Nearby Amenities	Schools, hospitals, shopping centres, IT parks
Price Range	₹6,500 - ₹9,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Township expansions, residential projects
Ideal for	Professionals, families

10. Balewadi, Pune

Balewadi, in Pune's western suburbs, will emerge as a premier real estate investment destination in 2024. Home to the prestigious Balewadi Sports Complex and a thriving working population, it fuels robust demand for both residential and commercial properties. With excellent infrastructure, including connectivity, renowned educational institutions, healthcare facilities, and shopping centres, Balewadi presents an enticing package for investors and end-users. Its pleasant climate, scenic beauty, and proximity to the Mumbai-Pune Expressway further enhance its residential appeal. As the IT industry continues its rapid growth and government investments in infrastructure escalate, Balewadi promises substantial potential for real estate investors seeking a harmonious blend of demand, infrastructure, and quality living in Pune.

Quick Information About Balewadi

Detail	Information
Location	Pune, Maharashtra, India
Connectivity	Good road connectivity to major parts of the city
Infrastructure	Developing with sports facilities and commercial areas
Real Estate Growth	12% growth over the past three years
Rental Yield	Average rental yield of 3% to 4% per annum
Nearby Amenities	Schools, hospitals, shopping centres, sports complexes
Price Range	₹6,000 - ₹9,500 per sq.ft
Best Property Types	Apartments, flats
Future Developments	Commercial and residential projects
Ideal for	Young professionals, families

Top Micro-Market in Pune in 2024

Micro-markets are pockets where, despite what was happening in the market, unique patterns of demand and growth were observed. These localities saw an increased interest from homebuyers in Pune and an appreciation in value. They are -

• Dhanori
• Chikhali
• Kharadi
• Chinchwad
• Warje

If you’re wondering where to buy a house in Pune in 2024, this data will help you decide. These localities are likely to remain popular and see demand growing.

Top Localities for Renters in Pune in 2024

This list is formed by compiling data from over 7 million NoBroker customers and from 12546 respondents to our survey. Renters have the flexibility to shift homes as often as they want, if fact, our survey showed that over 40% of them shift homes because of their office location, so this could be a reason why these are the trending localities for rent in Pune. The data gathered can show you how the city is growing and what key areas are seeing the most growth. 

• Wakad, Pune: Located near the Rajiv Gandhi Infotech Park of Hinjewadi, Wakad is an excellent emerging neighbourhood for techies and residential populations to rent a home with all the amenities provided by the Pimpri Chinchwad municipal corporation. It is often considered the best location for property investment in Pune.
• Kharadi, Pune: This suburb in the eastern metropolitan corridor of Pune is a vital hub of IT and business parks, making it a great residential area to rent a flat. 
• Baner, Pune: This suburb is located in the western metropolitan corridor of Pune and has several scenic locations, including the popular Baner Hill. 
• Ravet, Pune: Located at the intersection of the Mumbai-Pune Expressway and the Katraj Dehu Bypass, the suburb of Ravet is a popular residential area for IT professionals to rent a home. 
• Viman Nagar, Pune: An affluent retail and residential neighbourhood in the Eastern Metropolitan Corridor of Pune, Vimannagar has always been a very sought-after locality for renting a home or even office space.  

It is clear that localities like Wakad and Kothrud are favourites of both buyers and renters, these localities have seen rapid expansion and the local authorities have encouraged many residential and commercial establishments to come up in these areas. The other best areas in Pune for property investment include Hadapsar and Kharadi, as they attract renters as the most tech parks and offices are here. The last on the list is Wagholi, which is gaining importance due to the upcoming metro and commercial establishments and the many Pune Metropolitan Region (PMRDA) plans.

Popular Localities for Rent in Pune that have Seen an Increase in Rent

Few localities have seen a growth in demand and rent that is charged; these areas are – 

• Hinjewadi– rent increased by 18.75%
• Kharadi – rent increased by 16.37%
• Wakad – rent increased by 9.99%
• Dhanori – rent increased by 7.88%
• Pimple Saudagar – rent increased by 6.88%

With an abundance of tech companies, business parks, and commercial and residential projects in these localities, it is no wonder that most people are driving up their rent and demand.

Top Localities for Buyers in Pune 

If you are looking for the best place to buy property in Pune, this list of the best locations for investment can help. 

• Wakad, Pune: Due to the developments in the Rajiv Gandhi Infotech Park of Hinjewadi, Wakad is a great residential neighbourhood. It is close to three Bus Rapid Transit (BRT) routes and is home to several tech companies, including Cognizant, TCS, Tech Mahindra, Wipro, and more. 
• Baner, Pune: This suburb is in Pune's western metropolitan corridor. It has several scenic locations, including the popular Baner Hill, making it one of the best places to invest in Pune.
• Kothrud, Pune: Always a preferred upscale residential market and one of the best areas to invest in, Pune Kothrud has been the centre of rapid expansion and development. This may explain why it is also known as the capital of Pune itself. 
• Pimple Saudagar, Pune: Located between the suburbs of Aundh and Baner, this popular neighbourhood is very close to the Rajiv Gandhi InfoTech park. It is very well connected with many educational institutions if you plan to move to Pune with your kids. 
• Pimpri Chinchwad, Pune: Located in the northwestern part of Pune, Pimpri-Chinchwad has all the municipality's amenities and is also one of the major industrial hubs on the Asian continent. This means residents in the locality will have access to all the major modern developments available to citizens in the nation.  

For those house owners looking to see their homes, you're in luck if your house is in any of these areas. Most buyers are looking for homes here, and those listed here move faster than homes in other localities. 

Worst Performing Micro-Market in Pune in 2024

While some micro-markets in Pune saw huge growth and interest from buyers, others saw a sharp fall in interest from buyers; these localities are –

• Hadapsar
• Hinjawadi
• Undri
• Kondhwa
• Nigdi

Localities that have Appreciated in Value in Pune 

There was a slowdown in the real estate market last year, but despite that, a few areas in Pune witnessed good demand and even appreciated. These localities are –

• Dhankawadi – prices increased by 16.19%
• Kothrud – prices increased by 15.90%
• Kharadi – prices increased by 15.74%
• Aundh – prices increased by 15.26%
• Kondhwa – prices increased by 10.78%

These localities are a mix of affluent areas and upcoming suburbs. The suburbs have rapidly grown over the last few years, and you’ll find an abundance of residential and commercial property here. The affluent areas still have great demand, but finding homes or commercial spaces to buy here is tougher. 

Top Projects in Best Localities of Pune 2024

The most sought-after real estate projects in Pune's prime localities for 2024:

• Delta Empress: Located in the heart of Sopan Baug Society, Pune, Delta Empress, a joint venture between Clover Realty & Paranjape Schemes, defines premium living. Offering an array of amenities such as a swimming pool, clubhouse, and gymnasium, it caters to those seeking luxurious residential experiences.
• Kohinoor Presidentia: Situated in Pune's coveted Sopan Baug Society, Kohinoor Presidentia by Kohinoor Group sets a new benchmark for luxury living. With top-notch amenities, including a swimming pool and clubhouse, it offers residents an opulent lifestyle.
• Total Environment Songs From The Wood Phase 1: Located in Sopan Baug Society, Pune, Total Environment Songs From The Wood Phase 1 offers sustainable urban living with modern comforts. Residents can enjoy amenities like a swimming pool and clubhouse.
• The Pride: The Pride by The Wadhwa Group, nestled in Kothrud, Pune's sought-after locality, caters to luxury enthusiasts. With amenities such as a swimming pool, clubhouse, and more, it ensures a high-end living experience.
• Godrej The Trees: Positioned in Kothrud, Pune's vibrant locality, Godrej The Trees is a premium project that offers top-notch amenities, making it ideal for those in pursuit of a comfortable lifestyle.
• Kolte Patil Ivy Towers: Located in Baner, Pune's thriving IT hub, Kolte Patil Ivy Towers provides luxury living with essential amenities, making it an excellent choice for IT professionals.
• Godrej Reflections: In Baner's IT hub, Godrej Reflections offers premium residences with top-tier amenities, ensuring residents enjoy the best city living.
• XRBIA Hinjewadi Phase 1: Located in Hinjewadi, Pune's bustling IT hub, XRBIA Hinjewadi Phase 1 is a township project that offers a comfortable lifestyle with modern facilities.
• Godrej Avenues: In Hinjewadi, Pune's thriving IT hub, Godrej Avenues offers premium living with all modern conveniences.
• Amanora Gateway Towers: Nestled in Magarpatta, Pune's well-planned township, Amanora Gateway Towers offers luxurious living with a range of amenities for a comfortable lifestyle.

Find your Dream Pune Home With NoBroker!

Finding your dream home at the right location and price while avoiding any risky price inflations can be a daunting task – physically, mentally, and financially. If you are a home seeker or an NRI looking for the best places to invest in Pune, check NoBroker for deals and assistance buying homes in any locality across Pune. You can even get assistance with loans and paperwork, and we can even assist you with property maintenance, amongst other things.

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