Pune Q2: Rental Property Tracker

 Salient Features:

•  Pune real estate market is one of the  fastest growing rental markets in  India. Rental demand in localities such  as Hadapsar, Wakad, Kharadi is  mainly due to the presence of IT parks  and SEZ.  As pre data, most top  markets based on availability and rental yield are skewed towards eastern  and western Pune.
•  Located in the eastern part of Pune,  rental growth in Hadapsar is mainly  due to the IT Parks and SEZs.  Educational institutions such as  Ayurvedic College, Sane Guruji  Vidyalaya are also attracting students  for rental accommodations here at  affordable rates.
•  Wakad is one of the fastest growing  micro markets in Pune from rental  perspective. The presence of Infotech  Park and the Pune-Mumbai  expressway has also increased rental  demand in the far-flung areas such as  Pimpri-Chinchwad good connectivity via BRTS is also available.
• Furthermore, the presence of good social infrastructure in the region has also boosted the rental availability and rental yield in the region.
• Viman Nagar, one of the top markets for both rental yield and availability, receives spill over demand from the nearby localities like Shivaji Nagar and Ashok Nagar where rental prices are unaffordable for many.
• Wadgaon Sheri, a purely residential neighborhood in Pune, lies in close proximity to the key CBD areas where rental prices are very high.
• Pune has one of the most sustainable and efficient transportation system, which makes the markets located towards the outskirts good rental options for several IT professionals and the students.

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