Pune, the cultural capital of Maharashtra has its own mood and being the home to various reputed educational institutions, workplace of every IT and MNC Company, this peaceful city is attracting people every minute. The spectacular view of the city, awesome weather, job opportunities and scope to grow make people live on rent in this city.
Hence, below we have listed the top rental localities in the Pune city:
This is a suburb area in the city and is planned in three phases that are Hinjewadi Phase 1, Hinjewadi Phase II and Hinjewadi Phase III. This locality is popular for having India’s largest IT Park that is spread across 2800 acres and is located off the Dehu Road-Karjat Bypass. The standard housing unit here in the Hinjewadi locality range between 600-1500 sqft for which a monthly rental of Rs. 5,000 to Rs. 45,000 can be earned.
This eastern suburb of the Pune city was used to be a small village that had farms all around. This locality was developed after 1990s and now is a big industrial hub of the city. The locality falls under the jurisdiction of the Pune Municipal Corporation and is located on Mumbai-Hyderabad Highway as this highway also connects Pune and Solapur city of Maharashtra. The rental accommodation here is easy to find in the size of 500 to 3,000 sqft and a monthly rental between Rs. 7,000 to Rs. 3 lakh can be yielded easily.
This is a suburb of Pune but is located near to the Pimpri Chinchwad. This is also the fastest emerging locality in the city. Also, the proposed Infotech and Biotechnology parks in Hinjewadi that is close to Wakad is attracting tenants. Another important factor for making this a top rental locality in Pune is connectivity. Apart from this, the proposed buildings close to this area by the Pimpri Chinchwad civic body is increasing people’s interest here.
You can find a rental accommodation in between the size of 1,000 to 2,700 sqft from a monthly rental of Rs. 4,500 to Rs. 95,000.
Located in the extreme east, this is a major investment locality and its prestigious history is the reason behind this. The area is proposed to have metro rail soon. However, the locality is famous for its furniture mall and silk sarees. Apart from this, you can opt for rental accommodation with the number of amenities as per the need. The monthly rental in this locality ranges between Rs. 4,500 to Rs. 1 Lakh.
This suburb is located on the banks of river Mula-Mutta. The Kharadi area is famous for IT and business parks such as EON Free Zone, World Trade Centre and Zensar park. The maximum numbers of IT, advertising, marketing, data service professionals prefer this area to reside in. The monthly rental amount that can be yield here range between Rs. 5,000 and Rs. 1.50 lakh depending on the size of housing unit.