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Pune, also known as the ‘Queen of Deccan’ is a well-developed and leading city in India. It is famous for its pleasant weather, educational institutes, multinational companies, industries, and many tourist attractions nearby. These qualities, have made Pune a hotspot for people wanting to live in.
Pune is the city that provides all the amenities that a person expects from his dream city like pleasant weather, great job opportunities, educational institutes, etc. Not, only the ‘Queen of Deccan’ but, Pune is also known as the ‘Oxford of the East’ mainly because of the presence of highly reputed educational institutes, colleges, or universities.
Once a popular destination for retirees to settle down for a peaceful life, Pune has now turned into the most vibrant city in India that attracts millions of people towards it.
With a great climate, lip-smacking foods, vibrant nightlife, and plenty of holiday destinations nearby– makes Pune the best option for residential living. Though the city is famous for its fashionable and modern lifestyle, the people of the city still maintain the ground of their cultural value.
Pune is the second-largest city in Maharashtra with more than 4.5 million population, happily living in the city. If you are also planning to shift to Pune, then here is the list of the top 21 residential localities in Pune to live in.
Posh Localities in Pune
If we talk about the posh localities in Pune then you will hardly be surprised to know that you can afford a much larger residential property in a posh area of Pune in comparison with a small flat to buy in a decent locality in Mumbai. This means you will have to pay the double amount to buy a small flat in Mumbai, on which you can buy a large flat or house in a posh area in Pune.
So, if you have money in hand and want to buy an apartment in Pune then, these are the posh areas you can consider for residential living.
1. Boat Club Road
Boat Club Road is the top residential locality in Pune. The locality is named Boat Club Road because of the renowned Royal Connaught Boat Club (RBC) which is located in this area. With lots of activities around the area, Boat Club Road is one of the most active and lively localities in the city. The area is located very close to the Railway Station and Airport, making it easier for the residents to travel around.
You will find several commercial shops here like shopping malls, restaurants, food stalls, market place, etc. Apart from all these, educational institutions and healthcare facilities are the things that add to the localities’ allure. From 2BHK apartment to 4BHK villa, you can find plenty of residential units in Boat Club Road, Pune.
According to the latest study, the average cost of residential apartments in the area is Rs 15,000 per sq. ft. And the rental rates are quite high here as it can be up to Rs 50,000 per month for the 3BHK apartments, depending on the facilities offered.
2. Model Colony
Model Colony is another posh locality in Pune, Maharashtra, which is situated close to the Railway Station and many educational institutions. With all the basic amenities like schools, colleges, markets, and hospitals in the close vicinity, Model Town is considered to be one of the best residential areas in Pune.
The area has very good transport connectivity with the rest of the city, making it the first choice for home buyers. With plenty of eating joints, restaurants, shopping malls, theatres, and market place nearby, the locality is the perfect residential area for families to settle down in Pune.
Model Colony is very near to Pune University, Agricultural College of Pune, and College of Engineering Pune. And Shivaji Nagar Railway Station is the nearest railway station to Model Colony. Capital values in this area are approx. Rs 13,000 per sq.ft. And monthly rentals may vary from Rs 15,000 to Rs 25,000 depending on the type of rental unit.
3. Senapati Bapat Road
It is another affluent locality and perfect for residential living in Pune. It is said that the limited supply combined with well-developed infrastructure and excellent facilities makes an area just like Senapati Bapat Road in Pune, the first choice amongst the high-income or elite-class residents.
As per the latest data, the capital values in this locality are around Rs 13,000 per sq. ft. And the most special part of this area is that it mostly offers spacious 3-5BHK residential units in the luxury category. If you are planning to relocate to one of the posh areas in Pune with your family then, you will get the best options to choose from in Senapati Bapat Road.
Wadarwadi, Shivaji Housing Society, Botarwadi are the nearby localities to Senapati Bapat Road, Pune Maharashtra.
All the areas mentioned above are already well-established but, Erandwane has witnessed huge growth in recent 3-5 years. Due to the redevelopment activities, the area is now counted as one of the best and most expensive residential areas in Pune. This area offers a large number of bungalows and even the apartments here are built keeping in mind the upper class and high-income people. The average capital rates in Erandwane are around Rs 12,000 per sq. ft.
The locality is very close to Central Pune and offers both types of residential and commercial properties. The easy access to the railway station, airport as well as IT areas of Pune, makes Erandwane the best place to live in Pune. This is also known for being the location of the famous Films and Television Institute of India (FTI).
5. Koregaon Park
Located just at a distance of 6km from the Pune Airport, Koregaon Park is one of the best and most expensive residential destinations in Pune. It is one of the major CBD areas of Pune and this boasts state-of-art infrastructure.
Here the capital values range vary from Rs 13,000 – 16,000 per sq. ft. depending on the type of residential unit. The range of flats for sale in Pune at Koregaon Park is increasing day by day.
But, the buyers of apartments in Koregaon Park can enjoy a smooth commuting experience because the locality is well-connected to the city center through the Agha Khan Bridge.
6. Sopan Baug
Located in the North region, Sopan Baug is one of the posh areas in Pune. It is a well-established residential locality with sound connectivity and infrastructure. The best part of this locality that attracts people is the green, clean and open spaces. It is also located very near to the Airport, Railway Station, and the Central Business District (CBD).
The high-end residential projects in this locality include modern amenities like private pools and landscaped gardens. Here you will get a lot of options available ranging from Rs 2 to 5 crore. So, it has recorded an increased demand for luxury property.
The average capital values in the locality are around Rs 10,000 per sq. ft. And if you want to rent a residential property in Sopan Baug then you can rent a 2 BHK unit at Rs 18,000 – Rs 20,000 per month, while a 3BHK flat is available at a monthly rental of Rs 30,000 – Rs 35,000.
Affordable Residential Localities in Pune
A large number of people move to Pune to study or work every year and not everyone can afford to live in such posh localities of the city. So, this pushes the demand for rental housing in the city. If you have a low budget and want to live in the best yet affordable localities in Pune then, here we list the top 15 budget-friendly localities, where you can buy your own house or rent a residential property to live in.
Kothrud is located in the western suburbs of Pune and has many IT companies and colleges. Both working professionals and students always look for the best rental deals in the locality. The area has a well-developed social and civic infrastructure. It is considered not only as one of the best residential areas for home buyers or renters but among the most affordable localities in Pune, especially for rental properties.
Whether to buy a property or rent a residential property in Pune, Kothrud can be the best option for those, who want to live affordably in Pune. It is located just 12 km from the Mumbai-Pune expressway and the proximity to both the expressway and the heart of the Pune is what attracts the people towards it. The greenery is an added attraction.
You will be surprised to know that according to the Guinness Book of World Records, Kothrud is named as one of the fastest developing suburbs in Asia.
Located in the east of Pune, Hadapsar is among the best and most well-developed localities in Pune and best to settle down with a family. This locality is lying close to two special economic zones – The Fursungi IT Park and the Magarpatta City, the biggest attraction of the locality.
Through National Highway 9 and 27 it is connected to prominent cities like Nagpur and Mumbai. The railway station is just 4.5 km from Hadapsar and Airport is 15 km. The bus transport service connects it to the rest of the city. Hadapsar earlier was nothing but farmlands, but now it has transformed into the city’s IT hub.
The big Multinational Companies like IBM, Accenture, and TCS have set up their offices in this locality. The city has seen immense real estate development in the last few years. So, it is the perfect locality in Pune for families to live in.
Located in the Northwest, Wakad is a Pune suburb. This locality has ample educational institutions and many housing societies. Whether you want to buy your property or rent an apartment, the locality emerges as one of the luxury property markets of Pune.
Here you can find nearly 700 properties, a mix of both apartments and villas that could be easily rented here. But, most of these apartments are in 2BHK and 3BHK configuration, making it for the family to settle down.
Wakad lies near Pune Expressway and Mumbai Expressway. The distance of International Airport from Wakad is around 20 km while the Railway Station is just 12 km.
10. Viman Nagar
Located near the Pune Airport, Viman Nagar is one of the best and most affordable residential areas in Pune, Maharashtra. The locality has lots of banks, shopping malls, food outlets, restaurants, and IT Parks, which are the essentials of any residential locality.
Great residential units, proximity to the airport, 2 major IT Parks, malls such as Inorbit and Phoenix Market City, and good transport facility, what else can you expect from a residential area that too within your budget? The best part of living in the area is that there are no power cuts or shortage of water supply.
The apartments you can buy here are in very good condition at very affordable prices. Even the renters, who are looking for rental properties at an affordable price can prefer to reside in this locality, where they can get a single rental unit on an average range of INR 8,000.
Once a barren land, now transformed into a major residential and commercial hub of Pune, Kharadi is one of the best localities in Pune to live with your family. Kharadi is located near to the Airport and the major residential areas like Koregaon Park, and Cyber City but it has excellent road connectivity that makes the locality easily accessible to all the major parts of the city.
Kharadi has affordable housing available, making it ideal for the people, who are looking to invest in properties. If you are looking for sale properties in Pune then, this area can be the best option for you. It is among the premium rental markets in Pune.
So, by buying a residential unit in Kharadi, you can turn it into your rental property. The Railway Station is just 15km away from Kharadi while the Airport is only 8 km. And, it is also well-connected to the other IT hubs.
12. Wadgaon Sheri
Wagaon Sheri also spelled as Vadagaon Sehri is located near the Mundwa-Nagar Bypass, and is a neighborhood of Pune, Maharashtra. This locality is known as the commercial and residential hub of Pune. And now, it is also one of the upmarket areas of Pune, with really high prices of real estate.
The Pune Junction is 6.5 km from Wadgaon Sheri and Pune International Airport is just about 5 km away. All the other top localities like Shivajinagar, Deccan Gymkhana, Mahatma Gandhi Road (MG Road), Camp, and Hadapsar are all within a radius of nine to ten kilometers.
The locality has ample educational institutions, IT companies, and healthcare centers. It is a well-connected locality to other parts of the city both by road and rail. Due to its popularity among the renters, real estate is developing fast here.
The best part is that this is an affordable locality to live in for both bachelors and families. The apartments could be rented here for Rs 8,000 – 10,000 depending on the configuration and amenities of the apartment.
One of the very popular and busy residential areas in Pune is Wagholi. The real estate of this area is in high demand. Wagholi is surrounded by universities and colleges, which makes it an apt choice for young students.
And this is one of the main reasons the average rent in Wagholi starts from INR 5,000 and goes up to Rs 12,000. Well, not only for the renters but it is the perfect location for the home buyers with a small budget. It is counted among the most affordable localities in Pune for both rental and residential units.
And as it has good connectivity with IT hubs in Hadapsar and Kharadi, it is a good choice for first-time buyers with a tight budget or people who can’t afford expensive rental units. The locality boasts of residential and rental properties including apartments, builder floors, and villas most of which are in 2BHK configuration.
14. Kalyani Nagar
If we talk about the prominent and established commercial as well as residential real destinations on the Eastern Corridor of Pune then, it is Kalyani Nagar. It is located in between Koregaon Park and Viman Nagar.
The major role of making Kalyani Nagar an ideal destination for IT companies is its proximity to the airport, railway station, and close connection to Kharadi and Hadapsar.
All the reputed builders in Pune have at least one luxury residential project here. The capital values in the locality vary from Rs 9,000 – 19,000 sq. ft. depending on the type of property.
Hinjewadi is another of the best and most affordable locality in Pune with all the facilities for the residents. This is the IT hub of Pune high in demand and ITES professionals from all over the country. This locality is the house of many IT companies and is very close to Rajiv Gandhi Infotech Park.
This locality is perfect for the office-goers as here they find a mix of affordable and luxury properties. Since, the demand for rental units is higher here so this is a perfect place for investors, who are looking for some handsome rental amount.
16. Magarpatta City
Once it was farmland in Hadapsar, owned by the Magar Family. One of the prime attractions of Pune is Magarpatta City, one of India’s smart cities. It is a gated community in the Hadapsar area.
Magarpatta city is the best place to live in Pune and is also a commercial zone in Magarpatta, which is also located close to the residential areas. You will find top-class IT Parks that house many IT giants and several corporations and firms.
And due to this, there are numerous employment opportunities in the area. Entertainment and safety are the two main important factors, which make the area a great place to live in. Magarpatta City, Pune is home to mega shopping complexes, restaurants, etc. It is situated near the central areas of Pune as well as not far drive from the Airport and Koregaon Park.
17. Karve Nagar
It is one of the fastest developing locality/areas in Pune. Proximity to the Pune City market area, Kothrud Industrial Estate as well as the elite residential colonies have increased the demand for real estate in Karve Nagar.
Apart from this, the main reason for the high demand for real estate is the proximity of this locality to Mumbai Bangalore Highway and also it is located close to Hinjewadi IT Park.
Here you will get both premium and affordable apartments as both projects are in demand. However, there is a preference for low-rise independent floors over multistorey apartments. 2BHK apartments can cost around Rs 55 -70 Lak, and 3BHK costs approximately Rs 90 Lakh onwards.
Baner Road is Located close to the Hinjewadi IT Hub, downtown areas of Pune city, and even Mumbai, which is just three hours away. Its proximity to top localities of Pune and easy access to the highway makes it a highly desirable location for IT Professionals and also the people working in nearby areas.
So, you will get both residential and rental properties in this locality at the best price.
One of the very good and affordable places to live in is Phursungi. The locality has IT Park like SP Infor City and some of the best schools in the town. Phursungi is just 2 Kilometer from Hadapsar Bus Stand.
It also provides good employment opportunities as the new companies opening and starting their offices in nearby places. It is a very prime and decent locality with a good environment and all the basic facilities like schools, banks, ATMs, and hospitals are available nearby the locality.
20. Pimple Saudagar
If we talk about the most happening locations of Pune, then it is Pimple Saudagar, which is also one of the most known or famous areas in Pimple Saudagar. The locality has a good ambiance with overall market facilities, good schools nearby, hospitals, and also better connectivity to Aundh and Nashik Phata.
It is well connected to Shivaji Nagar, IT Park, and also Mumbai Bypass. If you want to make money then, you can buy and give your property on rent because rents are quite higher in this locality.
Talawade is a well-developed industrial area, located in the Southern part of Pune. It is home to an IT Park with many industries. As it is a bit away from the city, the rental price in this area is pretty much affordable. So, if you love to settle down away from the city’s chaos then, Talawade is the best option for you.
Over to You
I have listed here the 21 best residential areas in Pune that you can consider for your new home in the city. If you are looking for a new home in Pune or relocating to Pune from another Indian city, then you can consider these localities. If you have finalized your new home in any one of the prominent localities of Pune and then you might need a company of professional packers and movers in Pune to shift your belongings into your new home. Moving Solutions is the best relocation service booking portal through which you can find and hire a dependable company of packers and movers in Pune at an affordable price.
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