This blog highlights 12 best areas to buy a Flat in Pune – along with their highlights, property prices, the importance of area selection, expert tips, market trends, developer credibility, legal diligence, financing options, and more.
The cultural capital of Maharashtra offers a captivating blend of tradition and progress, with its rich history and contemporary IT boom. Nestled amidst the scenic Sahyadri ranges, this dynamic city beckons with its pleasant weather, delicious cuisine, and vibrant cultural scene.
Choosing the right area to buy a flat in Pune is important for a fulfilling homeownership experience. With diverse neighbourhoods catering to distinct lifestyles and budgets, this guide will help you navigate Pune’s vibrant real estate landscape.
Table of Contents
Factors to Consider When Choosing an Area To Buy a Flat in Pune
For investors and homebuyers, selecting the ideal area to buy flat in Pune entails careful consideration of several key factors. This comprehensive evaluation will help you take informed decisions aligned with your lifestyle preferences and investment goals.
- Proximity to Workplaces: This is a critical factor when deciding where to buy a flat in Pune. Choose a location that is close to key office areas, leading to reduced commute times and enhanced work-life balance. Also, this saves time and reduces transport costs, making it a practical choice to streamline your daily routine.
- Availability of Amenities: Access to leading schools, colleges, hospitals, shopping avenues, and recreational facilities is essential to lead a comfortable lifestyle. Proximity to quality healthcare, education, and entertainment options enhances the overall liveability of the area – making it appealing for families and individuals alike.
- Connectivity: Seamless travel within and beyond Pune is an important criterion while judging an area. Locales with efficient transport systems offer residents ease of access to different parts of the city. Proximity to key highways and transit hubs can facilitate daily commute.
- Safety and Security: Prioritise neighbourhoods with low crime rates, well-lit streets, and reliable security measures – ensuring peace of mind.
- Future Development Prospects: Assess these to enhance your long-term investment potential. Areas undergoing infrastructural upgrades, commercial expansion, or planned residential projects often experience growth in property values and improved living standards. Look for neighbourhoods with a clear vision for development.
- Budget Considerations: Different areas offer varying property prices and rental yields. While buying a flat in Pune, set a realistic budget to narrow down choices and ensure you do not compromise on desired amenities or location preferences.
Top 12 Areas to Buy a Flat in Pune
Offering a unique blend of cultural richness and rapid urban development, Pune has a wide variety of neighbourhoods ideal for flat buyers. This guide highlights the top 12 areas, such as Koregaon Park for luxury living, Hinjewadi and Kharadi for proximity to IT hubs, and Pimple Saudagar and Balewadi for family-friendly environments & sports facilities. Read on to understand the highlights and property prices of these areas, to navigate Pune’s vibrant real estate market effectively.
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Koregaon Park
For those seeking to buy a luxury flat, Koregaon Park is one of the most sought-after localities in Pune. The residential appeal of this area is undeniable, with a range of luxurious apartments, villas, and premium branded projects catering to discerning homebuyers.
Apart from that, the locale hosts international restaurants and is known for vibrant night life. Koregaon Park’s well-equipped facilities and excellent connectivity via major roads further enhances its desirability for those looking to buy a flat in Pune.
The average price of residential properties in Koregaon Park is ₹14,300 per sq ft.
Highlights: Luxury residential developments, premium retail, vibrant social scene
Amenities: Top-notch schools (The Lexicon International School), hospitals (Noble Speciality Clinics, Ruby Hall, Jehangir), and shopping avenues (The KOPA, Pinnacle Building)
Connectivity: Bund Garden Road, North Main Road, South Main Road, Ahmednagar Highway
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Baner
Baner has transformed into a hub of residential and commercial development, catering to the needs of the growing population. The area is home to many prominent IT companies, providing ample employment opportunities for professionals. This proximity to workplaces, coupled with well-developed connectivity, makes Baner a preferred destination for those looking to buy flat in Pune.
The average price of residential properties in Baner is ₹9800 per sq ft.
Highlights: Residential and commercial hub, home to prominent software companies
Amenities: Schools (The Orchid School), Hospitals (Jupiter Hospital), Malls (Golden Empire, Primrose Mall)
Connectivity: Mumbai-Satara Highway / Dehu Road-Katraj Bypass, Baner-Aundh Road, Baner-Pashan Link Road
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Hinjewadi
Located in northwest Pune, Hinjewadi is a dynamic IT and residential hub, housing major MNCs and startups. The locale has been attracting professionals seeking proximity to prominent IT and business centres. With its strategic location near Mumbai-Pune-Satara highway, the area offers excellent connectivity to key areas of the city and state. Residential offerings in Hinjewadi range from apartments to villas, supported by robust social infrastructure including schools, hospitals, malls, and recreational facilities.
The average price of residential properties in Hinjewadi is ₹7500 per sq ft.
Highlights: Rajiv Gandhi Infotech Park, Dynamic IT and residential hub
Amenities: Schools (Mahindra International School), hospitals (Sanjeevani Multispeciality Hospital), recreational facilities (Xion Mall)
Connectivity: Mumbai-Pune Expressway, Dange Chowk Road, Bhujabal Chowk / Hinjawadi flyover
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Wakad
Situated in the northwestern part of the city near Hinjewadi, Wakad is a vibrant neighbourhood offering a perfect blend of residential, commercial, and infrastructural development. Its key highlights – exceptional connectivity, proximity to major thoroughfares, excellent social infrastructure, and proximity to IT hubs – further add to its desirability.
The average price of residential properties in Wakad is ₹7550 per sq ft.
Highlights: Perfect blend of residential, commercial, and infrastructural development
Amenities: Well-known schools (EuroSchool), hospitals (Lifepoint Multispeciality Hospital), and entertainment hubs (Phoenix Mall of the Millennium, The Address Commercia)
Connectivity: Mumbai-Pune Expressway, Pune-Bengaluru Highway, Aundh-Ravet BRTS Road, Wakad Bhusari BRTS Road
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Kharadi
Located in Pune’s eastern corridor, Kharadi is a dynamic residential and commercial hub known for its strategic location near major IT parks. Enhanced by excellent roadways and metro access, the area offers a variety of housing options from compact apartments to luxurious homes within integrated townships. With essential social infrastructure, Kharadi is an ideal choice for buyers looking to invest in Pune’s thriving real estate market.
The average price of residential properties in Kharadi is ₹9250 per sq ft.
Highlights: EON IT Park, World Trade Center Pune, residential areas
Amenities: Schools (Eon Gyanankur School), Hospitals (Rising Medicare Hospital), Recreational Spaces (Phoenix Marketcity, Arissa Avenue)
Connectivity: Nagar Road, Pune-Solapur Highway, Magarpatta Road, proximity to the airport, and Ramwadi metro station.
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Viman Nagar
If you are looking for a vibrant residential area with proximity to the airport, Viman Nagar is the place to be. Ideal for those looking to buy a flat in Pune, it offers proximity to necessary social infrastructure such as educational institutions and hospitals. Viman Nagar is well-connected to key business districts of the city, and ensures easy access to employment hubs and commercial centres.
The average price of residential properties in Viman Nagar is ₹ 10,550 per sq ft
Highlights: Proximity to business districts, vibrant residential areas
Amenities: Schools (The Rosary School), Hospitals (Konark Multispeciality Hospital), Shopping Areas (Phoenix Marketcity)
Connectivity: Pune-Ahmednagar Road, Pune Airport, Symbiosis Road
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Hadapsar
Located in Pune’s eastern corridor, Hadapsar is a thriving residential and industrial hub known for strategic location and robust commercial growth. Ideal for investors looking to buy a flat in Pune, the area hosts significant IT parks and industrial zones. With excellent connectivity, Hadapsar ensures convenient access to major business districts. Residential options range from budget-friendly apartments to spacious villas, complemented by essential amenities.
The average price of residential properties in Hadapsar is ₹6645 per sq ft
Highlights: Residential Area / Industrial Zones / IT parks
Amenities: Schools (The HDFC School), Hospital (Noble Hospital), Shopping Avenues (Destination Centre, Amanora Mall)
Connectivity: Pune-Solapur Highway, Saswad Road, Magarpatta Road
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Pimple Saudagar
Offering a tranquil residential environment, Pimple Saudagar is ideal for those looking to buy a flat in Pune. Known for family-friendly facilities and serene ambiance, it features many parks, open areas, and recreational spaces. Excellent connectivity ensures easy access to major IT hubs and commercial centres. Residential options range from compact apartments to spacious residencies, with necessary social infrastructure located in the vicinity.
The average price of residential properties in Pimple Saudagar is ₹8150 per sq ft
Highlights: Green areas, recreational spaces
Amenities: Schools (Challenger Public School), Hospitals (Lotus Multispeciality Hospital), Recreational facilities (GK Mall, Vision 9)
Connectivity: Mumbai-Pune Expressway, Wakad-Hinjewadi Road, Aundh-Ravet BRTS Road, Wakad-Bhusari BRTS Road
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Balewadi
Known for exceptional sports facilities and residential appeal, Balewadi is a prime area to buy a flat in Pune. Home to the renowned Shree Shiv Chhatrapati Sports Complex that hosts national and international events, Balewadi offers a vibrant community environment with ample green spaces and recreational amenities. Enhanced by its connectivity via the Mumbai-Pune-Kolhapur-Bangalore Highway and Baner Road, the area ensures easy access to major IT hubs and commercial centres.
The average price of residential properties in Balewadi is ₹7988 per sq ft
Highlights: Residential area, sports facilities
Amenities: School (Shradhey Public School), Hospital (Mauli Hospital), Recreational Centres (Empire Green Shopping Centre)
Connectivity: Mumbai-Bangalore Highway, Baner Road
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Aundh
Northwest Pune has established residential areas with comprehensive amenities, making it a top choice to buy a flat in Pune. Aundh is known for well-developed infrastructure, top-notch educational institutions, healthcare facilities, shopping complexes, and recreational centres. With excellent connectivity via roadways, the area ensures easy access to major business hubs and commercial centres.
The average price of residential properties in Aundh is ₹10,465 per sq ft
Highlights: Established residential area, well developed infrastructure
Amenities: Educational Institutions (DAV Public School, Savitribai Phule Pune University), Hospitals (AIMS Hospital and Research Centre), Recreational Centres (Westend Mall)
Connectivity: Aundh-Baner Link Road, Baner Road, Ganeshkhind Road, Aundh-Ravet BRTS Road
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Kothrud
Known for its strong residential appeal, Kothrud has abundant green spaces, seamless connectivity, and world-class infrastructure – making it one of the top areas to buy a flat in Pune. This highly sought-after locale offers a serene lifestyle amidst lush greenery, with well-planned infrastructure providing access to essential facilities such as schools, hospitals, shopping malls, and avenues for recreation.
The average price of residential properties in Kothrud is ₹13,150 per sq ft
Highlights: Green spaces, hills, excellent infrastructure
Amenities: College (Sahyadri International School), Hospitals (Lifeline Hospital), Shopping Malls (Revolution Mall)
Connectivity: Karve Road, Paud Road, Chandani Chowk, Mumbai-Pune-Kolhapur-Bangalore Highway, multiple metro stations
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Pimpri Chinchwad
Located in Pune’s northwestern region, Pimpri-Chinchwad is renowned for its robust industrial and commercial growth. It serves as a major industrial hub with thriving manufacturing units and IT parks like Hinjewadi and Talawade – offering abundant employment opportunities. With a dedicated municipal corporation, Pimpri-Chinchwad is the fifth largest city in Maharashtra, and features renowned schools, colleges, hospitals, shopping areas, and recreational facilities.
The average price of residential properties in Pimpri Chichwad is ₹6750 per sq ft
Highlights: Industrial and Commercial Areas, IT parks
Amenities: Schools (ORCHIDS – the International School), Hospitals (Ozone Superspeciality Hospital), Shopping Centres (Deluxe Fortune Mall)
Connectivity: Mumbai-Pune Expressway, Old Mumbai Road, Nashik-Pune Road, multiple metro stations
Comparison of the Top 12 Areas in Pune
The comparison of the top areas to buy flat in Pune provides a detailed analysis of key neighbourhoods, offering insights into their unique characteristics, amenities, and average property prices.
|
No |
Area | Description & Highlights | Pros |
Cons |
| 1 | Koregaon Park | Upscale, trendy area with a vibrant nightlife and international restaurants | Bustling social scene, abundant restaurants and cafes | High property prices, limited green spaces, high traffic during peak hours |
| 2 | Baner | Well-developed area with strong IT presence, offering premium lifestyle | Excellent connectivity, proximity to Hinjewadi, good social infrastructure | Premium property prices, can be noisy due to traffic, limited public transport options in some pockets |
| 3 | Hinjewadi | IT hub with excellent employment opportunities and modern residential projects | Abundance of job opportunities, well-planned infrastructure, good rental yields | Can be crowded due to IT professionals, distance from city centre, limited non-IT related businesses |
| 4 | Wakad | Well-connected area known for its infrastructure and proximity to Hinjewadi | Excellent connectivity to Mumbai-Pune Expressway, good social infrastructure, family-friendly environment | Property prices on the rise, can be noisy due to traffic on certain roads |
| 5 | Kharadi | IT hub with a growing commercial sector and a mix of residential options | Proximity to EON IT Park and Koregaon Park, good connectivity, developing nightlife | Traffic congestion during peak hours, limited green spaces in some areas, ongoing construction projects can be disruptive |
| 6 | Viman Nagar | Offers convenient airport access and proximity to educational institutions | Excellent connectivity to the airport, presence of good schools and colleges, developing commercial area | Property prices can be higher due to airport proximity, limited nightlife options, can be noisy due to flights |
| 7 | Hadapsar | Witnessing industrial and commercial growth, affordable housing options | Affordable property prices, good rental yields, presence of industrial areas and logistics companies | Developing infrastructure, limited high-end amenities, can be dusty due to industrial activity |
| 8 | Pimple Saudagar | Family-friendly area with focus on amenities and a strong community vibe | Safe and secure environment, good schools and parks, well-maintained societies | Property prices on the rise, limited nightlife options, high distance from some commercial hubs |
| 9 | Balewadi | Offers excellent sports facilities and a serene residential environment | Presence of sporting facilities, peaceful surroundings, good air quality | Limited shopping and entertainment options, distance from city centre, can be isolated for some |
| 10 | Aundh | Established residential area hosting robust amenities and a premium lifestyle | High standard of living, excellent social infrastructure, good connectivity, presence of reputed schools and hospitals | High property prices, limited availability of new projects, some pockets can be crowded |
| 11 | Kothrud | Well-connected area known for its green spaces and residential appeal | Abundance of green spaces, good connectivity, established residential area | Traffic congestion can be an issue |
| 12 | Pimpri Chinchwad | Industrial and commercial hub with good connectivity and infrastructure, offering a mix of residential options | Affordable property prices, good connectivity to Mumbai and key areas of Pune, presence of industrial giants | Industrial activity could lead to pollution, limited high-end amenities, some areas could be noisy |
Expert Tips on Areas To Buy a Flat in Pune
Understanding market trends, ensuring developer credibility, conducting thorough legal due diligence, and exploring financing options are key steps while buying a flat in Pune. Staying updated on market trends helps in taking informed decisions, while verifying builder credibility ensures reliability and durability. The tips described below will enhance your homebuying journey.
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Understanding Market Trends
When looking to buy flat in Pune, staying updated on current market trends is essential. Analyse recent sales data, property appreciation rates, and fluctuations in prices to strategise your purchase effectively.
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Checking Developer’s Credibility
Before buying a flat in Pune, thoroughly research the credibility of the developer. Review their track record, completed projects, and reputation in the market. Look for certifications and read customer reviews to assess their reliability and commitment to quality.
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Conducting Legal Due Diligence
Ensure a smooth purchase process by conducting comprehensive legal due diligence. Verify all necessary approvals and clearances from local authorities to prevent potential legal issues. You can also engage a legal expert to scrutinise the sale agreement and ensure compliance with all legal formalities.
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Exploring Financing Options
Navigate this aspect before you buy a flat in Pune, by exploring various financing options. Compare interest rates, processing fees, and loan tenure options offered by different banks and financial institutions. Prepare all the required documents to expedite the loan processing.
Conclusion
Renowned for its dynamic real estate market, the city offers a plethora of choices for flat buyers, with each of the 12 top areas to buy a flat in Pune presenting unique advantages. From the luxurious appeal of Koregaon Park to Hinjewadi’s proximity to IT hubs and Aundh’s established social infrastructure, these best areas to buy a flat in Pune cater to diverse preferences and investment goals.
Visit these areas personally for a first-hand understanding of the infrastructure and community spirit. Also focus on the developer’s credibility, legal diligence, and financing options to take a well-informed decision. With the information detailed in this blog, you can secure a rewarding investment or find your ideal home in any of these 12 vibrant and evolving neighbourhoods in Pune.
FAQs
1. What are the best areas to buy a flat in Pune?
The best areas to buy a flat in Pune are Koregaon Park, Kothrud, Baner, Hinjewadi, Wakad, Kharadi, Viman Nagar, Pimple Saudagar, Balewadi, and Aundh. Each place offers distinct advantages in terms of social infrastructure, seamless connectivity, lifestyle opportunities, and apartment configurations.
2. What factors should I consider when choosing an area to buy a flat in Pune?
Factors that you should consider when choosing an area to buy flat in Pune are distance from workplaces, schools, colleges, hospitals, malls, multiplexes, & shopping avenues; accessibility via public transport and major roads; safety measures; future growth potential; and your budget.
3. Are there any upcoming areas in Pune that are good for real estate investment?
Yes, there are upcoming areas in Pune that are good for real estate investment, such as Undri, Talegaon, and Wagholi. These burgeoning areas present opportunities for growth, competitive property rates, and advancing infrastructure, appealing to both homebuyers and investors.
4. What is the average price range for flats in Pune's popular areas?
Average price range for flats in Pune's popular areas vary significantly as per the locale. Prime neighbourhoods such as Kothrud and Koregaon Park command higher prices (₹13,150 - ₹14,300 per sq ft), whereas developing areas like Hinjewadi and Wakad provide more economical choices (₹7500 - ₹7550 per sq ft). For precise price information, you can check leading real estate portals.
5. What are the legal aspects I should consider before buying a flat in Pune?
The legal aspects you should consider before buying a flat in Pune are possessing clear titles, obtaining all essential approvals from local authorities, thoroughly assessing the builder's reputation and past projects, seeking guidance from a legal advisor to scrutinise the sale agreement, and ensuring adherence to all legal obligations including registration and stamp duty requirements.
6. How can I finance my flat purchase in Pune?
You can finance your flat purchase in Pune with a home loan from any of the leading banks or financial institutions. Compare interest rates, processing fees, and loan tenure variations of different lenders, to select the most advantageous option. Confirm eligibility requirements and prepare all required documentation to facilitate smooth loan processing.
7. What are the potential returns on investment in Pune's real estate market?
The potential returns on investment in Pune's real estate market are excellent, especially in accessible and evolving neighbourhoods. Analyse market trends, rental yields, and upcoming infrastructure initiatives to assess potential investment returns. You can also seek advice from real estate consultants to gain valuable insights.
8. How can I ensure the quality of construction and amenities in a new flat?
You can ensure the quality of construction and amenities in a new flat, by preferring established developers known for consistently delivering high-quality projects, visiting model apartments and completed developments to evaluate construction standards & amenities, verifying certifications and reviewing feedback from current residents to gauge overall customer satisfaction.
9. What are the familiar challenges faced by homebuyers in Pune?
Familiar challenges faced by homebuyers in Pune are project delays, infrastructure challenges, rapid changes in property values, and incomplete understanding of legal intricacies. To address these effectively, stay well-informed, conduct comprehensive research, and consult real estate experts for guidance.
10. How can I find a reliable real estate professional in Pune?
You can find a reliable real estate professional in Pune by checking with acquaintances who have recently purchased property in the city, or utilising online resources to find reputable real estate consultants and reviewing their feedback.
