Property Rent Rates & Price Trends in Pune - 2019
Pune is a healthy investment ground, both in terms of the capital market or renting. A report released by the World Economic Forum, titled Migration and its Impact On Cities said that Pune had now emerged as a counter magnet to Mumbai attracting skilled migrant workers from across India. High property prices and congested living conditions in the so called ‘affordable’ localities of Mumbai have been good news for Pune where tenants are assured of comparatively lower rents in Pune and a serene environment as well.
If you are looking at taking up a property on rent in Pune, where should you look?
In terms of configuration, 2BHK units are the most popular property in Pune with over 20816 units listed for rent. The next popular category is that of 3BHK units where there are over 13715 properties on rent in Pune as per data with Makaan.com.
There are over 5,000 properties on rent within Rs 20,000 per month in Pune. Wadebholai, Balewadi, Chakan, Bhor, Pradhikaran Nigdi, Daund, Wakad, Mahanlunge, Kharadi, Keshav Nagar, Hadapsar, Magarpatta, Hinjewadi, Dhanori, Kothrud, Dange Chowk, Baner are areas where you could look for a 2BHK within this range. Do note that not all properties in these localities are priced within this range. Rents may vary depending upon various determinants such as quality of construction, exact location of the house, proximity to strategic locations, facilities that the tenants can avail etc.
The rental range in top localities where liveability quotient is high include Aundh where rents are between Rs 6,000 to Rs 2 lakh per month. In Kalyani Nagar, rental range is between Rs 6,500 to Rs 5 lakh while in Shaniwar Peth rents may vary from anywhere between Rs 3,500 to Rs 20,000 per month. Configurations may vary.
Across Pune, there are 9,340 fully-furnished homes as of February 2018. You can see an exhaustive list of property on rent with prices here.
Luxury properties on rent priced above Rs 5 lakh per month include Viman Nagar, Kalyani Nagar, Koregaon Park and Boat Club Road. Security deposits may go up to Rs 15 lakh.
If you are looking at villas and independent homes in Pune, there are over 2,000 options that command anywhere between Rs 5,000 and Rs 8 lakh per month. Configurations and prices vary in different localities. You can opt for affordable villas on rent in Madhav Nagar, Uruli Kanchan, Tathawade, MB Camp Road, Lohegaon, Dhayari Village, Nadhe Nagar Road, Wakad, Hadapsar, Pimple Saudagar, Aundh, Vishal Nagar are some areas where you could get affordable independent homes on rent in smaller configurations.
- If you are looking at popular locations in East Pune, Mundhwa is an option you can bank on. There are 164 properties on rent in here.
- In West Pune, Hinjewadi with 494 units on rent, Baner with 449 properties on rent and Kothrud with 289 units on rent are the most popular destinations with maximum supply.
- In North Pune, Dhanori with 80 properties on rent, Tingre Nagar with 28 units on rent and Chakan with 12 properties on rent boast maximum supply.
- If you are banking on South Pune, turn to Kondhwa with 740 properties, Dhayari with 491 units and Undri with 331 units on rent are the top localities.
- Besides, Shastri Nagar with 102 properties on rent is also popular among tenants.
- The annual rental yield in Pune is 3.335392 percent . This means you could recover 3.335392 percent of the property cost in a year if you put the property on rent. This calculation is based on the average rates in the city and is not fixed.
|Locality Name||Rental Rates|
|1 BHk||2 BHK||3 BHK|
|Rent range||Avg rent||Rent range||Avg rent||Rent range||Avg rent|
|Kharadi||7,000 - 12,000||9,800||15,500 - 85,000||28,380||23,000 - 2 L||45,272.73|
|Kalyani Nagar||14,000 - 24,000||21,636.36||24,000 - 80,000||35,79.37||30,000 - 1.7 L||66,578.43|
|Viman Nagar||8,000 - 45,000||20,000||8,000 - 1.2 L||34,969.14||28,000 - 1.5 L||50,391.88|
|Wagholi||7,000 - 10,000||8,600||25,000||25,000||15,000 - 30,000||19,357.14|
|Koregaon Park||20,000 - 40,000||24,875||27,000 - 60,000||41,952.38||31,000 - 1.6 L||63,683.17|
|Hadapsar||3,500 - 15,000||7,500||10,000 - 15,000||12,125||17,000 - 70,000||31,545.45|
|Bavdhan||11,000 - 1.1 L||44,000||20,000||20,000||35,000 - 36,000||35,250|
|Undri||4,500||4,500||15,000 - 57,000||24,933.33||19,500 - 30,000||24,125|
|Baner||10,500||10,500||26,000||26,000||40,000 - 60,000||48,333.33|
|Wakad||15,000 - 20,000||17,500||15,000||15,000||30,000 - 64,000||50,500|
|Sangamvadi||6,500 - 25,000||17,409.09||50,000||50,000||55,000 - 2 L||95,000|
|Boat Club Road||22,000 - 25,000||24,142.86||30,000||30,000||50,000 - 2 L||89,500|
|Hinjewadi||5,000 - 1.8 L||18,590.41||75,000||75,000||7,000||7,000|
|Wadgaon Sheri||7,000 - 18,000||10,333.33||30,000||30,000||36,000 - 55,000||47,000|
|Kondhwa||6,500 - 10,500||7,833.33||19,500||19,500||29,000 - 32,000||30,500|
|Mundhwa||5,500 - 20,000||11,625||40,000 - 42,000||41,333.33||32,000 - 38,000||34,000|
|NIBM Annex Mohammadwadi||3,500 - 14,500||10,605.26||9,000 - 35,000||17,345.41||35,000||35,000|
|Lohegaon||5,000 - 20,000||8,525||7,000 - 15,000||9,833.33||10,000 - 25,000||19,35.71|
|Dhanori||9,000 - 12,000||9,750||10,000 - 16,000||12,500||20,000||20,000|
|Manjari||8,000 - 93,000||11,437.18||10,000 - 17,000||13,500||17,000 - 25,000||20,571.43|
|Pimple Saudagar||7,000||7,000||15,000||15,000||23,000 - 36,000||31,200|
|Aundh||35,000||35,000||22,000||22,000||36,000 - 1.1 L||73,000|
|Kothrud||8,000 - 16,000||12,666.67||14,000 - 28,000||20,666.67||10,000 - 40,000||25,000|
|Ambegaon Budruk||6,500 - 9,500||8,000||14,000||14,000||29,000||29,000|
|Ravet||8,000 - 16,000||11,673.08||12,000||12,000||15,000 - 24,000||18,944.44|
|Bund Garden||20,000 - 30,000||22,800||34,000||34,000||45,000 - 60,000||53,333.33|
|Moshi||8,000||8,000||10,000||10,000||15,600 - 17,000||16,400|
|Phursungi||4,999||4,999||4,750 - 26,000||14,940.63||8,000 - 28,500||21,692.31|
|Katraj||12,000 - 13,000||12,500||25,000||25,000||19,000||19,000|
|Tathawade||18,000||18,000||15,000 - 16,000||15,500||22,000 - 25,000||23,500|
|Pimple Nilakh||10,000 - 15,000||12,500||50,000||50,000||60,000||60,000|
|Karve Nagar||2,800 - 20,000||11,311.11||9,000||9,000||25,000 - 3 L||1,25,000|
|Sus||7,500 - 30,000||15,209.09||11,000 - 28,000||16,581.47||23,000 - 30,000||27,666.67|
|Handewadi||8,000||8,000||7,000 - 25,000||12,798.08||11,000||11,000|
|Pashan||10,500 - 22,000||14,833.33||13,000 - 45,000||20,575||21,000 - 55,000||29,422.22|
|Mahalunge||5,999 - 22,000||12,571.29||10,000 - 22,000||16,814.29||17,000||17,000|
|Gahunje||12,000 - 16,000||13,666.67||14,000 - 24,000||19,500||28,000 - 48,000||34,222.22|
|NIBM||10,000 - 14,900||12,347.37||32,000||32,000||32,000 - 38,000||35,000|
|Pashan Sus Road||11,000 - 18,000||14,800||12,000 - 22,000||16,250||22,000 - 40,000||27,000|
|NIBM Annexe||10,000 - 25,000||17,360||17,000 - 30,000||23,500||14,900 - 32,000||24,229.41|
|Chinchwad||6,000 - 12,000||9,375||12,000 - 15,000||13,500||35,000||35,000|
|Tingre Nagar||7,000||7,000||17,000 - 20,000||18,666.67||26,000 - 40,000||32,375|
|Bibwewadi||4,500 - 27,000||11,201.06||19,000 - 22,000||20,000||40,000 - 50,000||45,000|
|Vishrantwadi||2,000 - 14,000||8,000||18,000||18,000||23,000 - 33,000||29,111.11|
|Baner Pashan Link Road||17,560 - 17,999||17,779.5||18,000 - 25,000||20,187.5||25,000 - 60,000||34,500|
|Kondhwa Budruk||6,500 - 13,000||9,750||8,500 - 18,000||14,500||15,000||15,000|
|Magarpatta||16,000||16,000||14,000 - 56,000||26,881.36||36,000 - 50,000||45,250|
|Pimpri||12,000||12,000||12,000 - 27,000||18,812.5||35,000||35,000|
|Talegaon Dabhade||5,000 - 8,500||6,923.08||8,000 - 30,000||13,142.86||10,000||10,000|
|Dhole Patil Road||8,500 - 30,000||18,745.45||17,000 - 50,000||29,647.5||35,000 - 65,000||51,000|
|Yerawada||9,000 - 23,000||16,648.15||12,500||12,500||40,000||40,000|
|Chakan||7,500 - 13,000||10,250||6,500 - 19,000||10,000||12,000 - 15,000||13,500|
|Uruli Kanchan||2,000 - 5,000||3,833.33||4,000||4,000||-||-|
|Chikhali||3,500 - 7,000||6,000||15,000||15,000||13,000 - 14,000||13,500|
|Sasane Nagar||6,000 - 8,700||7,733.33||10,000||10,000||19,000||19,000|
|Shastri Nagar||16,900 - 23,000||19,487.5||18,000 - 40,000||32,928.57||35,000 - 40,000||38,333.33|