Pune’s Real Estate in 2024: A Look at Market Trends, Prices, and Forecasts

Pune’s real estate market has been on a steady growth trajectory, driven by its status as a major IT hub, educational center, and cultural hotspot. As we delve into 2024, the city’s property market continues to show resilience and potential. This blog explores the current market trends, property prices, and forecasts for Pune’s real estate landscape in 2024.

Market Trends in 2024

1. Sustained Demand for Residential Properties

The demand for residential properties in Pune remains robust. Key areas such as Baner, Wakad, Hinjewadi, and Kharadi are witnessing high demand due to their proximity to IT parks and excellent connectivity. Additionally, suburban areas like Wagholi, Undri, and Tathawade are gaining popularity among homebuyers seeking affordable housing options.

2. Rise of Integrated Townships

Integrated townships are becoming a significant trend in Pune’s real estate market. These self-sustaining communities offer residential, commercial, and recreational facilities within a single project. Developers like Kolte-Patil and Godrej Properties are focusing on creating such townships to cater to the evolving preferences of homebuyers who seek convenience and a holistic living experience.

3. Luxury and Premium Housing

The luxury housing segment in Pune is witnessing a surge, driven by high-net-worth individuals and NRIs investing in upscale properties. Areas like Koregaon Park, Boat Club Road, and Viman Nagar are seeing the development of premium apartments and villas with state-of-the-art amenities.

4. Focus on Sustainable and Smart Homes

Sustainability and smart home features are no longer optional but essential for modern homebuyers. Developers are incorporating green building practices, energy-efficient systems, and smart home technologies to attract environmentally conscious buyers. Projects like Godrej Elements and Panchshil Towers are prime examples of this trend.

Property Prices in 2024

As of 2024, property prices in Pune continue to show an upward trend, albeit at a moderate pace. Here’s a snapshot of the average price per square foot in key areas:

  • Hinjewadi: ₹6,500 – ₹8,500
  • Kharadi: ₹7,500 – ₹10,000
  • Baner: ₹7,000 – ₹9,500
  • Wakad: ₹6,500 – ₹8,000
  • Viman Nagar: ₹8,000 – ₹12,000
  • Koregaon Park: ₹10,000 – ₹15,000

The suburban areas are more affordable, with prices ranging between ₹4,500 to ₹6,500 per square foot, making them attractive for budget-conscious buyers and investors.

Forecasts for Pune’s Real Estate Market

1. Stable Growth and Appreciation

Pune’s real estate market is expected to maintain stable growth in 2024, with property prices appreciating at a steady rate. The ongoing infrastructure projects, such as the Pune Metro and improved road networks, will enhance connectivity and drive demand.

2. Increased Investment in Commercial Properties

The commercial real estate segment is poised for growth, with a significant influx of IT and corporate firms setting up offices in Pune. The demand for office spaces, coworking centers, and retail spaces will continue to rise, leading to increased investment in commercial properties.

3. Emergence of New Micro-Markets

With the city’s expansion, new micro-markets are emerging as real estate hotspots. Areas like Ravet, Mahalunge, and Moshi are gaining traction due to their strategic location and affordable property rates. These areas are expected to witness substantial development and appreciation in the coming years.

4. Rise of Rental Market

The rental market in Pune is also on an upswing, driven by the influx of students, IT professionals, and young families. Areas close to educational institutions and IT hubs will see high rental demand, providing lucrative opportunities for investors.


Pune’s real estate market in 2024 is characterized by sustained demand, steady price appreciation, and evolving buyer preferences. The city’s robust infrastructure development, thriving IT and education sectors, and focus on sustainability are key factors driving its growth. As Pune continues to expand and innovate, its real estate market remains a promising avenue for homebuyers and investors alike. Whether you’re looking for a smart home in an integrated township or a luxury apartment in a prime location, Pune offers diverse options to cater to various needs and preferences.

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