Pune recorded 90,127 residential unit sales in 2024 — the highest single-year figure in the city's tracked history — and average prices reached ₹6,590 per sq ft, an 11% annual increase according to a Gera Developments report. In 2024, average housing prices reached a record high of ₹6,590 per square foot, marking an 11% annual increase, complemented by strong home sales of 90,127 units. At the macro level, Pune's real estate market recorded 53,553 transactions valued at ₹43,842 crore between May 2025 and April 2026. The citywide average asking price has moved steadily upward: from ₹10,611 per sq ft in June 2025, the average city rate appreciated to ₹12,875 per sq ft by December 2025, and further to ₹12,961 per sq ft as of March 2026.
North-West Pune and Pimpri-Chinchwad emerged as the top-performing markets in 2024, while South-West Pune recorded the highest growth in average home prices and Pune Central saw steady expansion in high-value housing. At the sub-market level, Pune Central commands the highest average rates at ₹16,140 per sq ft; Pune West follows at ₹13,053 per sq ft with a 5.39% year-on-year increase; and Pimpri-Chinchwad has seen a remarkable 31.66% year-on-year surge to average ₹12,226 per sq ft.
Residential demand in Pune traces directly to a concentrated corporate occupier base. Pune's office market recorded a gross leasing volume of approximately 2.09 MSF in Q1 2026, with Global Capability Centres accounting for a 69% share of leasing. Sector-wise, IT-BPM dominated, followed by engineering, manufacturing, and BFSI firms. Office rentals rose 3.5% year-on-year, reflecting sustained occupier preference for high-quality Grade A office assets across key business corridors.
The city's GDP growth rate stood at 5.40% in Q2 FY24–25, supported by a thriving IT sector, educational institutions, and manufacturing hubs. Major IT parks in Hinjewadi, Kharadi, and Magarpatta continue to drive demand for both residential and commercial properties. The three corridors — Hinjewadi in the west, Kharadi in the east, and Magarpatta-Mundhwa in the south-east — account for the bulk of employment-led housing absorption.
West Pune has seen substantial development over the last decade, with Baner, Wakad, Hinjewadi, and Balewadi becoming hotspots for IT professionals due to their proximity to tech parks and expressways. Mid-income residential markets in this belt — Wakad, Hinjewadi, Ravet, and Bavdhan — carry housing prices between ₹6,000 per sq ft and ₹8,000 per sq ft, while upscale localities such as Aundh, Balewadi, Kothrud, and Baner start above ₹8,000 per sq ft.
Mahalunge, immediately north of Baner along the Baner–Mahalunge Road, has emerged as a distinct sub-market. Developing neighborhoods like Punawale, Tathawade, and Mahalunge have witnessed property appreciation rates of 12–15% annually, attributed to their proximity to business hubs and infrastructural projects like the Pune Metro and Ring Road. Godrej Properties has built a significant land bank here: in 2026, the company acquired an 8.5-acre land parcel in Mahalunge, Pune, through an outright purchase. Godrej Hillside 3, part of a 42-hectare integrated township along Baner-Mahalunge Road, sits within this corridor.
East Pune, comprising Viman Nagar, Kharadi, and Wagholi, is among the most dynamic real estate zones, with proximity to Pune Airport and the IT corridor making it attractive for both working professionals and investors. Affordable areas in East Pune carry property rates below ₹6,000 per sq ft, mid-segment hubs like Hadapsar, Keshav Nagar, and Manjari Budruk sit up to ₹8,000 per sq ft, and premium hubs such as Kharadi, Koregaon Park, and Magarpatta command upwards of ₹8,000 per sq ft.
Keshav Nagar, on the Pune–Ahmednagar Highway corridor adjacent to Kharadi, positions buyers close to the Kharadi IT hub while retaining a riverside character. Godrej Aqua Vista is located here, with direct access to the Mula-Mutha riverfront that Keshav Nagar's eastern edge borders.
Northern and peripheral zones such as Chakan, Moshi, Talegaon, and Charholi are emerging as affordable residential clusters, with industrial and logistics growth driving demand. Areas such as Talegaon Dabhade, Chakan, Alandi, and Charholi Kurd offer inventory in the affordable budget segment, priced up to ₹5,000 per sq ft. Pimpri-Chinchwad's stronger price growth — a 31.66% year-on-year jump — reflects the upgrade demand from the manufacturing workforce base in this belt.
As of December 2025, Pune Metro consists of two operational lines with a combined length of 32.97 km, with a third line under construction. The Purple Line (Line 1) runs from PCMC to Swargate, and the Aqua Line (Line 2) runs from Vanaz to Ramwadi. The transformative addition for west Pune is Line 3: the 23.3 km Pune Metro Line 3 will connect Hinjewadi with Shivajinagar's Civil Court through 23 elevated stations. The project is set to be completed in 2026, with construction taken up first between Hinjewadi and Balewadi, followed by the Balewadi–Shivajinagar section. Stations within the Hinjewadi Phase cluster — including Wipro Phase II, Infosys Phase II, and Embassy Quadron Business Park — will significantly reduce peak-hour commute times from residential addresses in Hinjewadi and Mahalunge.
The upcoming Metro Line 3 is expected to boost property values in the Hinjewadi corridor by 10–15% over the next five years. Beyond metro, major infrastructure projects including metro expansion, peripheral ring roads, and the Pune–Bengaluru highway are driving appreciation in connected suburbs. Phase 2 proposals include extensions toward Kharadi, Hadapsar, and Chandni Chowk, which would directly improve connectivity for East Pune micro-markets.
Pune's premium segment has expanded sharply. According to a CBRE report, Pune saw the sale of 825 luxury apartments in 2024, a sharp rise from 400 units in 2023, though new supply of only 295 units launched in 2024 compared to 390 in 2023 has kept inventory tight. The city is attracting high-net-worth individuals, NRIs, and professionals seeking premium residences priced at ₹3–4 crore and above.
High-end markets like Koregaon Park and Aundh-Baner maintain premium price brackets of ₹12,000–₹16,000 per sq ft, and the city witnessed a surge in luxury residential launches in Hinjewadi and the NH-4 Bypass region. Premium localities like Koregaon Park, Kalyani Nagar, Boat Club Road, and Baner feature upscale apartments with rents often above ₹1 lakh per month.
Rental yields in Pune are expected to remain between 3.5% and 6%, especially in IT-driven hubs like Hinjewadi, Baner, and Kharadi, as demand from working professionals continues. In 2023, Hinjewadi reported an average rental yield of 4.5%, one of the highest in the city. High rental rates for larger configurations — 4 BHK at ₹98,170 per month and 5 BHK at ₹2.15 lakh per month — indicate strong demand in the premium rental segment.
Godrej Properties was established in 1990 as the real estate development arm of the Godrej Group, a diversified Indian conglomerate founded in 1897. The company operates in 12 cities across India, including the Mumbai Metropolitan Region, Delhi-NCR, Pune, Bengaluru, and Hyderabad. By FY25, it achieved ₹29,444 crore in pre-sales, making it India's leading listed real estate developer by sales.
Pune is one of the company's most active markets. Godrej Properties has a substantial presence in Pune's real estate landscape, with projects in areas including Wagholi, Kharadi, Koregaon Park, Hinjewadi, Mahalunge, Manjari, Mamurdi, Keshav Nagar, Pimpri, Mundhwa, Undri, and Baner. As of 2025, there are approximately seven to eight major upcoming or under-construction Godrej projects in Pune, spanning high-growth corridors such as Hinjewadi, Kharadi-Manjari, Mahalunge, and Baner.
The company's current Pune pipeline spans a wide price spectrum. Godrej Park World at Hinjewadi Phase 1 is a township of over 50 acres; 50 acres of land in Hinjewadi is being developed under the Godrej Park World name. Godrej Evergreen Square occupies 10.9 acres at Hinjewadi Phase 3. In the east, Godrej Aqua Vista brings riverfront-adjacent living to Keshav Nagar. Godrej Hillside 3 extends the Mahalunge township where Godrej Properties acquired a 14-acre parcel in the Kharadi-Wagholi area with a developable potential of 3.7 million square feet and an estimated revenue of ₹4,200 crore.
Across its completed Pune projects — including Godrej Prana and Godrej Horizon in Undri, Godrej Infinity in Keshav Nagar, and the Manjari cluster of Godrej River Crest and Godrej Boulevard — the developer has established a consistent delivery record in a city that rewards verifiable track records. In 1996, Godrej Properties became the first Indian real estate company to receive ISO certification, marking a milestone in its commitment to quality standards.
| Zone | Representative Localities | Approximate Rate Range (per sq ft) |
|---|---|---|
| Central Pune | Erandwane, Prabhat Road, Boat Club Road | ₹13,000–₹16,000+ |
| West Pune (Premium) | Aundh, Baner, Balewadi | ₹8,000–₹13,000 |
| West Pune (Mid) | Hinjewadi, Wakad, Ravet | ₹6,000–₹8,000 |
| East Pune (Premium) | Kharadi, Koregaon Park, Magarpatta | ₹8,000+ |
| East Pune (Mid) | Keshav Nagar, Hadapsar, Manjari | ₹6,000–₹8,000 |
| Pimpri-Chinchwad | Mamurdi, Chakan, Moshi | ₹5,000–₹12,000 (wide spread) |
| North Pune | Talegaon, Chakan, Alandi | Up to ₹5,000 |
