THE MOST PROMISING LOCALITIES FOR
REAL ESTATE INVESTMENT IN PUNE FOR 2023

Pune’s real estate market witnessed a high demand in 2022 after the pandemic. A higher interest rate by RBI and a rise in housing prices by 5% had little effect on the demand. Pune’s residential market showed an increase in demand from 3.9% in 2022 Q1 to 8.1% in Q2.
Many reasons make Pune one of the ideal cities to live and settle down in India. The lush greenery, thriving IT industry, and corporate offices of large-size companies are significant factors.
Good education institutions, increasing shopping centers, and affordable flat rates with multiple amenities are the major attractions. Pune is safe to live in as it is relatively less polluted and has various recreational centers.
Buying a residential property in Pune is worth it because of its pleasant climate that remains the same throughout the year. Nearby tourist attractions and pilgrimage centers include Alandi, Lonavala-Khandala, Jyotiba Temple, and more.

Pune Real Estate 2023 Facts:

– The Pune residential market is expected to remain active in 2023.
– High buyer demand and investment in residential projects.
– Mid-segment and luxury home buyers are ready to invest in promising projects with world-class amenities.
– Investors will emphasize 2,3 and 4 BHK apartments and high-grade projects.
– Housing prices are likely to increase by at least 2-3% as demand will increase for superior housing options in Pune in 2023.
– Townships and housing communities will be in high demand among home buyers in Pune. This follows the trend in 2022.

So, are you considering investing in Pune real estate? For your convenience, we have penned down the most promising localities worth investing in Pune real estate in 2023.

1. Baner
Baner lies adjacent to the Mumbai Bangalore National Highway. It is well known for its emerging residential and plush societies in Pune. Primrose Mall and Westside Baner are the nearby shopping centers, while NH-48, Baner Aundh Road, and the proposed metro line are neighboring transportation facilities.
Educational institutions like Orchids International School and Pune University are close to Baner. Hospitals like Elite Healthcare and Jupiter Hospital lie in proximity to Baner.
The average sale price of residential apartments in Pune is Rs 7500 per square foot.

2. Aundh
Aundh is considered one of the premium localities to buy a flat in Pune. Along with lush greenery, the area offers developed infrastructure facilities. It has many upcoming projects by real estate developers like Utsav Homes, Pride Purple Properties, and Satkar Developers.
Aundh enjoys good connectivity through nearby Shivajinagar Railway Station, Baner Aundh Road, and Shivajinagar to Hinjewadi metro route.
With an average sale price of Rs 9700 per square foot, Aundh has well-known educational institutes, shopping centers, and hospitals.

3. Wakad
Wakad is located on the Pune outskirts, but it has become the prime preference for residential societies. Its vicinity to Baner, Hinjewadi, and other IT hubs makes it a favorite choice for IT professionals.
Wakad offers an excellent investment opportunity for Pune real estate in 2023. Wakad is alongside Bangalore-Pune National Highway and Wakad Hinjewadi road.
The average sale price of residential apartments in Wakad is Rs 6500 per square foot. Developers like Mahindra Life and Godrej are launching new projects in the area. Wakad’s proximity to shopping centers, schools or colleges, and hospitals has increased its demand.

4. Hadapsar
Hadapsar is well known for its developed social and retail infrastructure. The area witnesses sound connectivity via roads to IT hubs like Phursungi and Hinjewadi. The proposed metro rail from Hadapsar to Hinjewadi and Phursungi will make the commute easy for daily travelers.
Some of the best education institutes like Lexicon school and S.M. Joshi College, shopping centers and hospitals make Hadapsar an attractive real investment option. Hadapsar, with an average sale price of Rs 7200 per square foot, is a dream destination for home seekers in Pune.

5. Hinjewadi
Hinjewadi is liked the most by the IT professionals in Pune. It has Rajiv Gandhi Infotech Park, other IT parks, and corporate offices of many MNCs. Hinjewadi has a great connectivity. You can transport through Rajiv Gandhi MIDC road and the Hinjewadi-Shivaji Nagar Metro corridor. The increasing number of educational institutes, hospitals, malls, sports complexes, and restaurants make Hinjewadi a favorite place for home seekers.
Hinjewadi’s infrastructural development along with sound social life with spacious homes and luxurious amenities is an attraction for the investors.

6. Pimple Saudagar
Pimple Saudagar is one of the affluent residential localities in Pune located adjacent to Wakad. It is clean, pollution-free, green, and a peaceful place to live in.
Its proximity to Hinjewadi, Bhosari MIDC, and Pune University make it an optimum location to settle down. Being close to the IT parks, Pimple Saudagar is one of the leading residential choices for home buyers in Pune.
The residential apartments in Pune will cost you an average sale price of Rs 7050 per square foot. Pune real estate in 2023 has a promising future with Pimple Saudagar.

7. Paud Road
Paud Road has become a key residential area in Pune recently. It is close to vital suburban localities like Pirangut, Bhugaon, and Bavdhan.
The area enjoys excellent connectivity to Hinjewadi and commercial centers like NH-48. Its social and retail infrastructure development has made it one of the first choices of home buyers. Paud Road is near NH-48, Vanaz and Anand Nagar Metro Station.
The area has all amenities, including schools, colleges, shopping centers, and hospitals. You will get residential flats on Paud Road at an average sale price of Rs 5,150 per square foot.

8. Wagholi
Wagholi, being one of the prominent localities for IT and other industries, is a developed suburb in Pune. You can find multi-storied apartments and villas here. Wagholi witnesses convenient transportation through Nagar Road (SH27) and Wagholi FC Road.
Various shopping malls, education institutes, and hospitals nearby Wagholi make it a well-known locality among investors in Pune. You can get your dream in Wagholi at an average sale price of Rs 4500 per square foot.

Summed Up!
You can consider the above locations for investing in Pune real estate in 2023. The localities have multiple projects having spacious homes with multiple amenities. Various developers are launching big projects in the areas owing to high demand.
For any help, you can refer to Prime City’s Properties and discover your perfect home. Our team is highly professional, having industry insights. We will understand your requirements and guide you throughout your home-buying journey in Pune.

Visit us and live your dream with us !