What Is The Cost Of Living In Pune?
What is the cost of living in Pune for a couple, family, bachelors? On the basis of the cost of buying or renting a home, the cost involved in commuting to and fro workplace, cost of household utilities, childcare costs and more, cost of living in Pune ranges from Rs 5,000 to Rs 1.2 lakh. MakaanIQ compiles a detailed list of prices in Pune for food, housing, transportation, hangouts, living rental cost in residential areas of Pune and calculates the actual cost of living in the city.
Cost of Living in Pune City
|Expense Item||Average Cost|
|2BHK on rent||₹ 17,000|
|Cost of 2BHK||₹ 43.88 lacs|
|Local travel ( monthly pass for train)||< ₹ 1,500|
|Electricity, Water, Garbage) for apartment||₹ 1,839|
|Cost of pre-school/ kindergarten||₹ 2,500-8,500|
|Maid (cook, clean)||₹ 6,000|
|Cost of 1 meal in inexpensive restaurant (per person)||₹ 270|
|Miscellaneous (water tankers, repair costs per month)||₹ 2,000 onwards|
What researches say about Pune
In the liveability index released by the Union Housing and Urban Affairs ministry, Mumbai’s affordable cousin, Pune was ranked numero uno in the liveability meter. The liveability index is based on the accessibility to various facilities and on a comparative meter, Pune has outdone all other 110 cities that were surveyed by the ministry. Pune bagged the second position under the ‘assured water supply’ category as also ‘reduction in pollution’ while it stood at the fourth position when it comes to ‘health’ and ‘public open spaces’. In terms of education, Pune is at the eighth position. ‘Housing and inclusivesness’ took a backseat where Pune bagged the 23rd position, 25th for safety and security while the city’s poorest performance was in terms of mixed-land use. This has not stopped Pune from putting its best foot forward even in future. Reports confirm that the Pune Municipal Corporation (PMC) is hiring a private agency that will help the city get a better ranking in the Swachh survey. The agency will need to study PMC’s cleanliness initiatives and assist in working on the problem areas. The need arose because Pune slipped two position and was at the 13th position in Swachh Surveshan 2017 under the flagship, Swachh Bharat Mission.
Rent an apartment in Pune
If you have a budget of Rs 6,000 and above, you could look for rental homes in Pune. Such accommodations range up to Rs 10 lakh per month. However, on an average, you could find a comfortable 2BHK unit for Rs 17,000-25,000 per month. Other determinants such as the exact location of your rental home, accessibility, social and physical infrastructure in the locality, amenities provided to you will affect the price of your rental property. Security deposit is also another budget that you will need to reserve.
Buy an apartment in Pune
It is no surprise that Pune is an affordable counterpart to Mumbai. However, of late, property prices in Pune has spiralled owing to the housing demand and remote hamlets are also developing to cater to the additional residential demand. If you are looking at a 2BHK apartment to buy, your options start at a price of Rs 10 lakh and may go up to Rs 17 crore depending on the kind of property and the luxury you are aspiring for. Top localities for sale in Pune include Kalyani Nagar, Shaniwar Peth, Budhwar Peth, Aundh, Baner, Wakad, Kharadi, Hinjewadi, Wagholi among others. As of early 2018, the average price of a property in Pune is Rs 8,371 per sq ft, up from Rs 6,872 which was the average value way back in 2015.
Local travel in Pune
The monthly pass in the buses will cost you anywhere between Rs 580 to Rs 1,500 per month. In a fresh development, PM Modi laid the foundation stone for the third metro line between Hinjewadi and Shivajinagar, being implemented by the Pune Metropolitan Region Development Authority on a public-private partnership basis on December 18. Pune Metro is expected to lower the congestion and provide affordable rides to locals commuting for work every day.
Household utility cost
Numbeo estimates electricity, water and garbage handling charges for residential properties to be anywhere between Rs 1,000-3,000 per month.
Childcare cost in Pune
To calculate childcare cost in Pune, it would be necessary to understand the kind of schooling and training you want to provide your child. The minimum you would be spending on a toddler who is ready for pre-school is Rs 2,500 per month but costs could go up to Rs 8,500 per month for a reputed facility. An international-standard school in Pune will cost you anywhere between Rs 60,000 to Rs 2 lakh per year.