If you’re on the hunt for a new place to rent in Pune, you might want to consider the bustling areas of Hinjewadi and Wagholi. These neighborhoods have seen a significant increase in property prices and rents, making them hotspots for those working in the IT industry.
In Hinjewadi, the average price of a 2 BHK apartment measuring 1,000 sq. ft. has shot up from Rs 5,710 per sq. ft. in 2021 to Rs 7,800 per sq. ft. in 2024, marking a 37% increase. And if you’re looking to rent in this area, be prepared to shell out Rs 28,000 per month for a 2 BHK, up from Rs 17,800 just a few years ago.
Over in Wagholi, a similar trend can be seen with the price of a 2 BHK flat of the same size jumping from Rs 4,951 per sq. ft. in 2021 to Rs 6,800 per sq. ft. in 2024, also showing a 37% increase. Renting in Wagholi will cost you Rs 23,500 per month for a 2 BHK, up from Rs 14,200 in 2021.
The demand for rental homes in these areas is being driven by the influx of IT professionals and migrants who prefer to live close to their workplaces. With prices and rents on the rise, it’s clear that Hinjewadi and Wagholi are definitely areas to watch in the Pune real estate market.
Thanks For Reading Report of Punepress.com