Top Localities In Pune For Buying Or Renting Property

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Every year, Pune witnesses a significant influx of people coming to the city for work or higher education. This has made Pune’s property market one of the most active in the country. We Mahindra Tathawade have curated a list of top localities in Pune for investment or even if you are intending to stay on rent.

1. Baner

A residential-cum-commercial area in northwest Pune, Baner is strategically located, surrounded by Balewadi and Aundh, and also in proximity to the Hinjewadi IT hub. The housing demand herein is driven mostly by working professionals. You have a lot of choices when it comes to homes to rent or buy, as per current listings. The 23.3-km Metro along Hinjewadi Phase III-Civil Court will further improve the connectivity in this area, which is currently served by the Pune Mahanagar Parivahan Mahamandal Limited (PMPML).

2. Hinjewadi

A prominent job hub, Hinjewadi in northeast Pune is a popular locality when it comes to investment. The locality is well-connected with other strategic areas such as Wakad, Baner, Tathawade, and Balewadi. The downside of Hinjewadi is perhaps the traffic, especially at peak hours, but there is no dearth of housing demand, given its popularity among all sections of home buyers.

3. Kharadi

Located on the eastern side of Pune, Kharadi has blossomed into a massive urban area. Kharadi was once a vast expanse of barren land, but now it is dotted with residential and commercial projects. It is located close to the airport and major areas such as Koregaon Park, Cyber City, and Kalyani Nagar. The connectivity by road also is a boon, with road development projects being completed in this area. Owing to the development and availability of affordable housing, Kharadi is a very good option to buy a house.

4. Wakad

Wakad is an ideal example of a rural area undergoing a transformation, and Wakad has emerged as a major urban area. Good infrastructure, and continuous water and power supply have been key in making Wakad a sought-after place of residence by many individuals. It is easy to find a flat to rent in Pune if you start from Wakad. The major hospitals in Wakad are Polaris Healthcare, Life point Multispeciality Hospital, etc.

5. Hadapsar

The IT and ITES hub of Pune, Hadapsar, has undergone an immense transformation. Hadapsar had farms at one point in time but now, it has seen a drastic makeover. Corporate companies such as IBM, Accenture, TCS, and SAS, to name a few, have their offices here. Magarpatta city and Fursungi IT Park are standout names in this region. From the residential point of view, there are many entertainment and recreational facilities, and the development in the real estate makes it a good option to settle down.

6. Viman Nagar 

Viman Nagar offers good transportation facilities to its residents, proximity to the airport, and two major IT Parks. It offers affordable luxury housing, as well, which makes it a place worth residing in. With an infrastructure that is improving and a moderate cost of living, Viman Nagar has all it takes to be a place worth shifting to. The major shopping malls in Viman Nagar are Inorbit and Phoenix Market City.

7. Pimple Nilakh

Pimple Nilakh is one of the finest locations in the suburbs of Pune. The location enjoys all the advantages that the prime locations in the city enjoy. There are many IT companies in the area, giving an impetus to residential developments in Pimple Nilakh. Wadhwani Constructions, Muktaa Developers, etc., are the notable builders in Pimple Nilakh.

8. Mundhwa

Mundhwa is an area towards the east of Pune. It is bound by the Mula River on its north, Manjri towards the east, Hadapsar in the south, and Ghorpadi towards the west. The neighborhood is close to east Pune information technology hubs like Magarpatta and Kharadi. Property rates in Mundhwa are quite affordable at present. Rise High School, Orbis School, and Rajashree Shahu Maharaj Vidyalaya are the major schools in Mundhwa. The area is also equipped with big hospitals like Gaikwad Hospital, etc.

9. Balewadi

Balewadi is a north-western suburb of Pune, located on the outskirts of the city’s older areas. It is famous for housing the Shiv Chhatrapati Sports Complex. Balewadi enjoys proximity to Aundh, Baner, and the Mumbai-Pune Expressway. Hence, properties in Balewadi are highly desirable. Pearly White Dental Clinic, Apex Eye Care Clinic, and lifeline Hospital are among the major hospitals in Balewadi.

10. Kondhwa

One of the oldest colonies, situated towards the southeast of Pune, is Kondhwa. It is among the most recently developed residential areas and fastest-growing suburbs in Pune. Kondhwa enjoys connectivity to Pune railway station, Baner, the airport, etc. Kondhwa is strategically connected to the Mumbai-Pune Highway through the Katraj-Pisoli Road. Satyanand Hospital, National Hospital, and Wankhede Hospital Maternity & General are some well-known hospitals in Kondhwa.


With major developments in the city’s infrastructure, Pune, also referred to as the Queen of the Deccan, has become an attractive location for people to reside. With many companies shifting to Pune, residential projects being taken up by prominent builders, and an affordable cost of living, the city is a very good option for residencies. We at Mahindra Tathawade provide a wide range of properties in Pune. Please visit our website for the best option for your property buying in Pune.

Chetan Kapoor

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