Explore the most developing areas in Pune – including Kothrud, Kharadi, Hinjawadi, and Baner – known for modern infrastructure, excellent connectivity, and excellent real estate investment opportunities.
The most developing areas in Pune offer unmatched opportunities for property investment. Driven by rapid infrastructure development and proximity to IT hubs, these neighbourhoods attract homebuyers and investors seeking high returns.
Table of Contents
5 Factors Contributing to Pune’s Development
Pune’s rapid growth is driven by its thriving IT sector, educational excellence, and robust infrastructure development. These factors have transformed it into a hub for real estate opportunities and urban living.
- IT Sector Expansion: The city has become a major IT hub, hosting prominent companies in Hinjawadi, Kharadi, and Baner – that are some of the fastest growing areas in Pune.
- World-class Educational Institutions: With reputed universities and colleges attracting students from across the globe, areas around these institutions such as Shivajinagar and Kothrud have witnessed rapid development.
- Infrastructure Development: Ongoing infrastructure projects – including metro connectivity, ring roads, and flyovers – have improved accessibility.
- Real Estate Growth: The rise of premium residential projects has attracted diverse buyers. Locations such as Wakad, Undri, and Pisoli are gaining traction for offering properties with high ROI.
- Industrial and Manufacturing Zones: The presence of industrial hubs in Chakan and Talegaon has further enhanced Pune’s position as an economic powerhouse, driving residential demand in nearby areas such as Moshi.
Importance of Identifying Developing Areas for Investments and Living
Investing in the fastest growing areas in Pune offers potential for high returns and value appreciation. These neighbourhoods have benefited from improving infrastructure, growing employment opportunities, and lifestyle amenities – making them ideal for both investors and end-users.
Why Pune is a Hotspot for Growth?
The most developing areas in Pune offer unmatched opportunities – resulting in the city emerging as a leading economic and real estate hub in India. Here are the key reasons behind its rapid development:
- Thriving IT and Industrial Sector
The city’s IT hubs, such as Hinjawadi and Kharadi, have made it a top destination for professionals. These fastest growing areas in Pune are driving demand for residential and commercial real estate. - World-class Education Institutions
Known as the Oxford of the East, Pune attracts students from across the world. Locales near these institutions such as Kothrud, are some of the best areas to buy property in Pune, due to their popularity among students and families. - Infrastructure Development
Pune’s infrastructure is advancing rapidly, with metro connectivity and improved road networks enhancing accessibility. Developing areas in Pune, including Pisoli and Moshi, are gaining attention for their growing infrastructure. - High-quality Lifestyle Options
Many localities combine modern living with green spaces and rich cultural heritage, making them the most desirable residential hubs in Pune. - Real Estate Investment Opportunities
Fastest growing areas in Pune, such as Baner and Wakad, provide diverse and excellent real estate investment opportunities – especially luxury apartments.
Read More: Luxury Real Estate Market in Pune – A Buyer’s Guide for 2024-25
Top 8 Developing Areas in Pune
The real estate market in Pune is thriving as these neighbourhoods stand out for their proximity to IT hubs, infrastructure development, and lifestyle amenities, making them ideal for investment and living. The 8 most developing areas in Pune described below are attracting investors and homebuyers alike.
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Hinjawadi
One of the fastest growing areas in Pune, Hinjawadi is a major IT hub hosting Rajiv Gandhi Infotech Park. It attracts professionals and investors due to its thriving job market and modern facilities.
Connectivity
Hinjawadi is well-connected via Mumbai-Pune Expressway / Dehu Road – Katraj Bypass / Pune-Bangalore Highway. The upcoming Pune Metro Line 3 will further enhance its accessibility. The locality also has good road connectivity to Wakad and Baner. Key landmarks include the Rajiv Gandhi Infotech Park, that hosts IT giants like Infosys, Wipro, and TCS.
Infrastructure Development
Hinjawadi offers modern facilities with reputed educational institutions like Blue Ridge Public School and Symbiosis Institute of International Business. Healthcare is supported by Ruby Hall Clinic Hinjawadi and LifePoint Multispeciality Hospital. Shopping and leisure options include Xion Mall and nearby food courts.
Rental Cost and Avg. Property Price Ranges
The average property price in Hinjawadi is ₹7750 per sq ft. Rental prices for a 2BHK apartment range from ₹18,000 to ₹30,000 per month. -
Kothrud
One of the fastest growing areas in Pune, Kothrud offers a mix of modernity and tradition. It features highly sought-after gated communities that offer luxury apartments and modern amenities.
Connectivity
Kothrud is centrally located, with easy access to Karve Road, Paud Road, JM Road, FC Road, and Pune-Bangalore Highway. It is well-connected to the city’s key commercial areas and CBD.
Infrastructure Development
The area hosts reputed educational institutions such as MIT School, City International School, MIT World Peace University, and more. Healthcare facilities include Deenanath Mangeshkar Hospital and Sanjeevan Hospital. Shopping and dining needs are served by numerous outlets and restaurants on Karve Road.
Rental Cost and Avg. Property Price Ranges
Rentals for a 2BHK range between ₹15,000 and ₹30,000 per month. The average property price in Kothrud is ₹13,100 per sq ft. -
Wakad
One of the fastest growing areas in Pune, Wakad is a preferred choice for families and professionals due to its proximity to IT hubs and well-planned infrastructure.
Connectivity
Wakad is strategically located near Mumbai-Pune Expressway / Pune-Bangalore Highway and offers smooth access to Hinjawadi and Pimpri-Chinchwad. The area is also part of the upcoming Pune Metro Line 3. It is well-connected to Balewadi High Street for entertainment and dining.
Infrastructure Development
Educational institutions like Indira National School and Podar International School cater to families. Healthcare is provided by Lifepoint Multispeciality Hospital and Surya Mother and Child Care Hospital. Shopping centres such as Phoenix Mall of the Millennium serve the community.
Rental Cost and Avg. Property Price Ranges
Property prices in Wakad average around ₹7550 per sq ft. Rent for a 2BHK apartment ranges from ₹18,000 to ₹30,000 per month. -
Kharadi
One of the most developing areas in Pune, Kharadi is a thriving IT and commercial hub that seamlessly blends residential and business spaces.
Connectivity
Kharadi enjoys seamless connectivity to Pune Airport and Magarpatta City – with both about 6 km / 20 mins away. The planned Khadakwasla-Kharadi metro rail route expansion is set to further boost accessibility. Key tech parks include EON IT Park and World Trade Centre.
Infrastructure Development
The area is home to leading schools like Victorious Kidss Educares and EON Gyanankur School. Healthcare services include Manipal Hospital and Rising Medicare Hospital. Retail and dining needs are catered to by Seasons Mall and Global High Street Kharadi.
Rental Cost and Avg. Property Price Ranges
The average property price in Kharadi is around ₹10,350 per sq ft. Rental rates for a 2BHK apartment range from ₹25,000 to ₹30,000 per month. -
Baner and Balewadi
Known for their proximity to IT parks and vibrant social scenes, Baner and Balewadi are upscale residential hubs and two of the fastest growing areas in Pune.
Connectivity
Baner and Balewadi are located along Mumbai-Pune Expressway / Dehu Road – Katraj Bypass / Pune-Bangalore Highway, and are well-connected to Hinjawadi, one of the largest IT hubs in Pune. The Balewadi Sports Complex is a notable landmark.
Infrastructure Development
Educational institutions such as MITCON / MIS International School and The Orchid School are in the vicinity. Healthcare facilities include Jupiter Hospital and Vitalife Clinic. Shopping and dining options include Westside, Primrose Mall, Atria Mall, and Balewadi High Street.
Rental Cost and Avg. Property Price Ranges
Property prices in Baner average around ₹10,600 per sq ft. Rent for a 2BHK apartment ranges from ₹25,000 to ₹40,000 per month. -
Pimpri-Chinchwad
A key industrial and residential hub, Pimpri-Chinchwad is known for its balanced development and affordability.
Connectivity
Pimpri-Chinchwad benefits from its proximity to the industrial zones of Chakan and Talegaon, as well as the Hinjawadi IT belt. The locality is accessible via Pune-Mumbai Expressway and well-connected public transport networks.
Infrastructure Development
With a dedicated municipal corporation, Pimpri Chinchwad has well-developed social infrastructure, with diverse options in education, healthcare, and retail such as St. Elias High School, Orchids The International School, Dr DY Patil College, Dhanashree Hospital, 7 Orange Multispeciality Hospital, Premier Plaza Mall, City One Mall, Elpro City Square Mall, and more.
Rental Cost and Avg. Property Price Ranges
Property prices in Pimpri-Chinchwad average around ₹6350 per sq ft. Rent for a 2BHK apartment ranges from ₹15,000 to ₹25,000 per month. -
Talegaon Dabhade
Talegaon Dabhade, a suburban area, offers a mix of industrial growth and serene residential options.
Connectivity
Located near both Mumbai-Pune Expressway and Old Mumbai-Pune Highway, Talegaon Dabhade offers excellent connectivity to Mumbai, Nasik, and Aurangabad. Also, industrial zones and developing areas in Pune, such as Chakan, Dehu Road, Ravet, and Moshi are located in the vicinity.
Infrastructure Development
Educational institutions such as Podar International School and Dr DY Patil College of Engineering are located in this upcoming neighbourhood. Healthcare services are provided by Harneshwar Multispeciality Hospital. Retail and leisure options are developing steadily.
Rental Cost and Avg. Property Price Ranges
Property prices in Talegaon Dabhade range around ₹4350 per sq ft. Rental costs for a 2BHK apartment range from ₹8000 to ₹15,000 per month. -
Undri & Pisoli
These areas are emerging as residential hubs, with premium housing options and proximity to key employment centres.
Connectivity
Undri and Pisoli are well-connected to NIBM Road, Hadapsar, and Magarpatta City. Upcoming road projects aim to improve accessibility further.
Infrastructure Development
These areas have multiple options in education, healthcare, and retail – such as The Bishop’s School Co-ed School, Delhi Public School, Ruby Hall Clinic Wanowrie, Motherhood Hospital, Royale Heritage Mall, Clover Hills Plaza, and more.
Rental Cost and Avg. Property Price Ranges
Property prices in Undri range around ₹6050 per sq ft. Rental prices for a 2BHK apartment range from ₹10,000 to ₹20,000 per month.
Read More: Best Places to Live in Pune for Families, IT Professionals, Students
5 Reasons Why You Should Invest in Developing Areas in Pune
The cultural & educational capital of Maharashtra presents excellent opportunities to property buyers and investors. The fastest growing areas in Pune are characterised by rapid growth in infrastructure and real estate, promising strong returns and world-class living environment.
- High RoI Potential
The most developing areas in Pune, including Kharadi and Wakad, offer high ROI due to proximity to IT hubs and ongoing infrastructure development in Pune. - Affordable Entry Points
Emerging neighbourhoods in Pune, such as Talegaon Dabhade and Wagholi, provide affordable housing options, making them some of the best areas to buy property in Pune. - Proximity to Employment Hubs
IT hubs in Pune like Hinjawadi and Kharadi enable shorter commutes for professionals – increasing rental demand and investment opportunities. - Diverse Property Options
The city’s real estate market caters to a wide audience, offering everything from affordable housing in rapidly developing localities to luxury apartments in Pune. - Strong Rental Market
Fastest growing areas in Pune near IT and industrial zones like Wakad and Pimpri-Chinchwad are ideal for rental income, due to consistent demand from working professionals.
Future Outlook for Pune Real Estate
With emerging opportunities in the most developing areas in Pune, the real estate market is set to grow further. Trends such as affordable housing, luxury apartments, and smart city features will shape the future of real estate investment in Pune.
- Increased Focus on Diverse Housing Options
Developers are likely to target affordable housing in rapidly developing localities like Wagholi, catering to mid-income buyers. - Integration of Smart City Features
The Smart Cities Mission will promote the development of sustainable and tech-driven projects, especially in suburban developments in Pune. - Rising Demand for Premium Housing
Luxury apartments in Pune – especially in highly sought-after residential hubs like Kothrud, Baner, and Undri – will continue to attract investors due to lifestyle amenities and excellent connectivity. - Expansion of Commercial Real Estate
The demand for office spaces in IT hubs like Hinjawadi and Kharadi will lead to increased commercial real estate investment opportunities in Pune.
Tips for Choosing the Right Area to Invest
Investing in rapidly developing localities in Pune can offer substantial returns, if approached strategically. By evaluating proximity, infrastructure, and expert insights, you can ensure a rewarding real estate investment in Pune.
- Assess proximity to workplaces and social infrastructure such as schools, colleges, hospitals, malls, transport hubs, shopping avenues, and more
- Check for upcoming projects and developments
- Consult real estate experts for insights
Conclusion
The city’s real estate market offers abundant opportunities in the most developing areas in Pune, from IT hubs like Hinjawadi to rapidly developing localities like Wagholi and Pisoli. By considering proximity to workplaces, infrastructure growth, and expert advice, you can identify the best areas to buy property in Pune that align with your investment goals. The city’s real estate growth promises high ROI and long-term value, creating excellent property investment opportunities in Pune.
FAQs
1. What are the fastest-growing localities in Pune for real estate investment?
The fastest-growing localities in Pune for real estate investment are Hinjawadi, Kharadi, Pisoli, Baner, and Pimpri-Chinchwad – driven by infrastructure development, proximity to IT hubs, and rising property demand.
2. Which areas in Pune offer the best combination of affordability and connectivity?
The areas in Pune offering the best combination of affordability and connectivity are Talegaon Dabhade and Wagholi, with proximity to industrial hubs and excellent road networks.
3. Which is the most developing area in Pune?
The most developing area in Pune is Hinjawadi, known for its thriving IT hub, modern infrastructure, and robust connectivity, making it a real estate hotspot.
4. Which is the upcoming area in Pune?
The upcoming area in Pune is Pisoli, recognised for its growing residential projects, improving infrastructure, and proximity to IT hubs.
5. Is Pune the fastest growing city?
Pune is one of the fastest growing cities in India, driven by rapid urbanisation, booming IT sector, industrial growth, and large-scale infrastructure development.
6. What makes Kothrud a prime location for residential and commercial projects?
Kothrud is a prime location for residential and commercial projects, due to excellent connectivity, luxury gated communities, strong social infrastructure, and proximity to schools & workplaces. It is also one of the fastest growing areas in Pune.
7. How does the Pune Metro impact property prices in developing areas?
Pune Metro impacts property prices in developing areas such as Hinjawadi, Baner, and Pimpri-Chinchwad – by significantly enhancing connectivity and accessibility, leading to increased demand.
8. Which areas in Pune are ideal for families looking for modern amenities?
Areas in Pune that are ideal for families looking for modern amenities are Baner, Kothrud, Kharadi, and Wakad – as they have renowned schools, hospitals, and premium residential projects, and are some of the top developing areas in Pune.
9. What are the top factors to consider while investing in developing areas in Pune?
The top factors to consider while investing in developing areas in Pune are proximity to employment hubs, upcoming infrastructure projects, and insights from real estate experts.
10. Why are localities like Hinjawadi and Kharadi gaining popularity among homebuyers?
Localities like Hinjawadi and Kharadi are gaining popularity among homebuyers, due to established IT hubs, excellent connectivity, modern infrastructure, and growing rental demand.
11. Are there any government infrastructure projects boosting growth in Pune?
Yes, there are government infrastructure projects boosting growth in Pune – such as Pune Metro, e-buses & dedicated bus lanes (Rainbow BRTS system), proposed ring roads, and initiatives under the Smart Cities Mission.
12. What is the future growth potential of developing areas in Pune over the next decade?
The future growth potential of developing areas in Pune over the next decade is excellent – driven by ongoing infrastructure development, increased demand for residential properties, and expansion of locales such as Talegaon and Pisoli.
