Pune 2014 : Rental Property Tracker
Top 10 Rental Markets in Pune based on Availability and Rental Yield
| Top 10 Rental Markets based on Availability | Top 10 Markets based on Rental Yield | |||
| S No | Localities | S No | Localities | |
| 1 | Hadapsar (E) | 1 | Kharadi (E) | |
| 2 | Wakad (W) | 2 | Kalyani Nagar (E) | |
| 3 | Kharadi (E) | 3 | Viman Nagar (N) | |
| 4 | Wagholi (E) | 4 | Shastri Nagar (W) | |
| 5 | Baner (W) | 5 | Hadapsar (E) | |
| 6 | Viman Nagar (N) | 6 | Pune Sholapur Road (E) | |
| 7 | Kalyani Nagar (E) | 7 | Pimple Saudagar (N) | |
| 8 | Pimple Saudagar (N) | 8 | Hinjewadi (W) | |
| 9 | Hinjewadi (W) | 9 | Wanowrie (E) | |
| 10 | Sinhagad Road (S) | 10 | Hingne Khurd (S) | |
Salient Points
- Out of the Top 10 rental localities in Pune, based on availability, four micro markets are spread across East Pune followed by three in West, two in North and one in South.
- In East Pune, Kalyani Nagar, Wagholi, Kharadi, Hadapsar and Sholapaur Road markets are multiplier effects of Magarpatta Cyber City, Koregaon Park, EON Free Zone, Commerzone, Embassy Tech Park and Marisoft IT Park.
- The demand for Viman Nagar, Pimple Saudagar, Baner, Wakad, Hinjewadi, Shastri Nagar markets in North and West are driven by Rajiv Gandhi IT Park at Hinjewadi and Panchshil Tech Park and MIDC Software Technology Park at Talawade.
- Sinhagad Road is witnessing high rental demand owing to the increased connectivity through planned Bus Rapid Transit System and 9kms road leading to the Sinhagad Fort.
- In contrast to rental markets based on availability, gross rental yield markets mainly comprise of those residential markets that are still developing or upcoming markets as compared to the established rental ones. Although these areas are still developing, they command good rentals as they are located close to workplaces and offer multiple lifestyle amenities.
- Hence, the gap between the rental and sale prices is less compared to other established markets. This indirectly signifies that these localities are good for investors who are looking to rent out their property. The high demand is fuelled by the young IT/ITES professionals who are coming in from different parts of the country.
- Interestingly, Shastri Nagar in West Pune and Kalyani Nagar in East are already established luxury markets with good gross rental yield. However, due to less gap between the rental and sale prices these two localities are among the top markets here.
| The purpose:1) Help the consumer to understand availability of rental properties in the Bangalore and Pune markets respectively.2) Assist the consumer to understand the top markets for rental returns in the respective city.The data: The data is taken from listings done by builders/ brokers/ individuals to rent out their properties through CommonFloor.com from July till date. |
—————————————————————————————————————————————————-
Disclaimer: The document above is written by the Domain Research Team at Commonfloor.com, India’s fastest growing real estate website known for its unbiased prognosis in Real Estate sector.
The information provided in this report is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps.
It should be considered as a guideline and not in absolute certainty. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is confidential and the sole property of CommonFloor.com. It should not be reproduced in any form, in part or whole, without prior permission.
