Pune closed 2024 with average housing prices reaching a record ₹6,590 per sq ft — an 11% annual increase — while 90,127 units were sold during the year. North-West Pune and Pimpri-Chinchwad were 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. Projections suggest Pune will soon breach 1 lakh housing unit sales annually, placing it consistently among India's two or three most active residential markets.
The city recorded a GDP growth rate of 5.40% in Q2 FY24–25, supported by a thriving IT sector, educational institutions, and manufacturing hubs. On the commercial side, Pune's office market recorded gross leasing of approximately 2.09 million sq ft in Q1 2026, with Global Capability Centres (GCCs) accounting for a 69% share of that demand. Sector-wise, IT-BPM dominated, followed by engineering, manufacturing, and BFSI firms. This employment concentration across Hinjewadi, Kharadi, and Magarpatta directly translates into sustained residential absorption in their surrounding localities.
Pune's property market is not uniform. Price levels vary sharply across four broad directions:
According to a CBRE report, Pune saw the sale of 825 luxury apartments in 2024 — a sharp rise from 400 units in 2023 — while new supply remained constrained, with only 295 luxury units launched versus 390 the year before. The city has started 2025 on a high note in the luxury segment, now attracting high-net-worth individuals, NRIs, and professionals seeking premium residences priced at ₹3–4 crore and above. In ultra-luxury areas like Koregaon Park, prices can reach as high as ₹25,000 per sq ft. A noteworthy demographic shift underpins this: 55% of luxury homebuyers in Pune are under 40 years old, with 30% consisting of NRIs and expats.
As of December 2025, the Pune Metro system consists of two operational lines with a combined length of 32.97 km, with a third line under construction. The Purple (North–South) and Aqua (East–West) lines now run daily service extended to 11:00 PM since January 2025. The next significant step is Phase 2: the Union Cabinet approved two new corridors — Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B) — as extensions of the existing Vanaz–Ramwadi line, together spanning 12.75 km across 13 stations and connecting Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi. Property prices have already increased by 12–18% around existing metro stations, reflecting the network's emerging impact on residential values.
Located between Mundhwa and Hadapsar, Keshav Nagar finds itself in a uniquely balanced position in East Pune. Once known primarily for its industrial presence, the suburb is now drawing homebuyers with its strategic location, improving connectivity, and growing social infrastructure. The appeal to working professionals is direct: Magarpatta IT Park is approximately 4 km away and EON IT Park around 5.5 km, with Kharadi and Kalyani Nagar also within comfortable distance. Pune Railway Station is around 8 km away and Pune International Airport is within a 9 km radius.
On the infrastructure side, a proposed flyover connecting Kharadi to Keshav Nagar would reduce the otherwise 6 km road distance to barely 2 km. The average weighted price of apartments in Keshav Nagar currently stands at approximately ₹8,150 per sq ft, with a 4.5% movement recorded over the last year. Nearby social infrastructure includes schools like The Orbis School and Lexicon International, and hospitals such as Columbia Asia within reach. Puravankara has an active presence in this locality through Purva Atmosphere, its residential development in Keshav Nagar, alongside earlier completed projects including Purva Silversands and Purva Emerald Bay in the same eastern micro-market.
Puravankara Limited is a publicly listed real estate developer founded in 1975, which has grown from a regional developer to a pan-India player delivering residential and commercial projects across major metros and key cities. The group operates three brands: Puravankara for premium residential development, Provident Housing — launched in 2008 — for mid-income buyers, and Starworth Infrastructure and Construction for construction solutions. More than 93 projects have been completed across nine cities, covering over 55 million sq ft of delivered space.
In Pune specifically, the group's portfolio spans the eastern corridor: Purva Emerald Bay and Purva Silversands in Keshav Nagar and Mundhwa, Purva Aspire in Bavdhan on the western fringe, and the under-development Purva Atmosphere in Keshav Nagar. The group's broader geographic presence includes Bengaluru, Chennai, Hyderabad, Pune, Mumbai, Kochi, Goa, Coimbatore, and Mangaluru. Puravankara was one of the first developers in India to secure FDI in real estate, establishing a joint venture with Keppel Land, a development company owned by the Singapore Government.
Rental yields in Pune are expected to remain between 3.5% and 6%, particularly strong in IT-driven hubs like Hinjewadi, Baner, and Kharadi, as demand from working professionals continues. Hinjewadi reported an average rental yield of 4.5% in 2023, one of the highest in the city. At the premium end, localities like Koregaon Park, Kalyani Nagar, Boat Club Road, and Baner feature upscale apartments and penthouses with rents often above ₹1 lakh per month. In Keshav Nagar specifically, the average monthly range to rent a flat runs from ₹18,800 to ₹39,400.
The city is seeing a surge in sustainable and smart housing: approximately 45% of new developments incorporate green technologies, catering to growing demand for eco-friendly living. Puravankara is aligned with this direction at the corporate level — the group integrates energy-efficient materials, water conservation systems, waste management, native plants, and rainwater harvesting across its projects. The company reported pre-sales of ₹1,414 crore in Q3 FY26, with around 34 million sq ft of ongoing projects in its pipeline.
