Over the last few years, several IT firms and offices have laid a foundation in Pune. Many academic institutions have also set up bases here. The city gives out a call to students, fresh graduates, and professionals from all around. And it has served the cause!
Pune is Maharashtra's cultural centre. The city is growing in significance when it comes to real estate prices. The number of posh areas in Pune has also increased. This is a result of fresh start-ups. Due to the same, millionaires seek to invest in these locations. This has also drawn high-rise builders, developers, and investors to the posh areas in Pune. So, if you want to know the best residential areas in Pune, Keep Reading!
Top Posh Areas in Pune
Do you want to buy flats in Pune? Do you need clarification about the best localities to do so? If yes, look at a detailed list of the most expensive areas in Pune.
Kothrud's real estate market has grown in recent years. It contains several beautiful residential residences as well as business ones. Kothrud is the most sought-after location to buy houses in Pune. This is due to its well-developed civic and social infrastructure. There are several IT corporations and well-known colleges in the area. All this makes this a popular destination for both students and working professionals.
Erandwane is home to various film schools. This includes the renowned Film and Television Institute of India. This location is one of the best residential areas in Pune, and it has expanded more over the last 3-5 years. It is one of the best areas to live in Pune, with well-established facilities and services.
3. New Kalyani Nagar
New Kalyani Nagar is seeing significant industrial and residential development. It is thus one of the topmost expensive areas in Pune. For a novice to the area, Kalyan Nagar is one of the top localities in Pune. New Kalyani Nagar is accessible from other popular areas in Pune. This location is one of the best in Pune and is near the airport and train station. Due to its status as an IT hotspot, it has acquired popularity among the IT community.
4. Shivaji Nagar
Shivaji Nagar is among Pune's greenest neighbourhoods. It has several key government departments, city courts, and academic institutions. The greenery of this locality is what earns this place a spot in our list of best areas to live in Pune. This location gained appeal as well-known builders purchased property here to construct homes. Because of rising housing demands, this area has developed into a wealthy neighbourhood.
5. Koregaon Park
Koregaon Park is famous for its lush flora and immaculate cleanliness. This is one of the best areas to buy houses in Pune with business companies and elegant houses. Nature envelopes the area throughout. Koregaon Park not only serves as a renowned residential area, but it has also become a business area.
6. Boat Club Road
Boat Club Road also serves as a fashionable and upscale neighbourhood in Pune. It offers villas and bungalows that are ultra-luxurious. The Royal Connaught Boat Club was named after this location, a popular hangout for start-ups in Pune. The Pune-Mumbai highway connects this area to the rest of the city. The highway serves as a significant factor in its expansion. Within a 2-km radius, you have access to all necessary amenities. Living in a rental house in Pune is especially expensive here. This is because it is one of the most affluent areas in Pune.
Property Prices in Posh Areas of Pune
Take a look at the following table to find out the property prices of the list of areas in Pune mentioned above.
* The average rents mentioned in the table are for 1 BHK flats in the respective areas.
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Pune is a beautiful city because of its thriving IT industry and pleasant temperature. The city also boasts spectacular tourism and a plethora of educational possibilities. We have compiled a list of the top 6 posh areas in Pune to enjoy a lavish life. Weigh several factors such as amenities, connection, lifestyle, educational institutions, healthcare, and cuisines. Make an informed decision after taking these factors into count. This list is helpful if you want to buy a property or migrate to Pune.
Q. Which are popular localities for buyers in Pune?
The buyers' best residential areas in Pune are Koregaon Park, Shivaji Nagar, Erandwane, New Kalyani Nagar, and Kothrud.
Q. Which is the poshest area in Pune?
The topmost Posh areas in Pune include Kalyani Nagar, KP, and Boat Club Road.
Q. Which are the best areas to live in Pune for an IT professional?
Hinjewadi is one of the best areas to live in Pune for an IT professional. It is home to several IT firms and is the city's largest IT hub.
Q. Is Pune expensive to live in?
No, Pune is not a very expensive city to live in. The total or net cost of living in Pune comes down to about Rs. 35,000 per month. This sum includes housing and leisure expenditures