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.
Hence we can say that 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 charged by the young IT/ITES professionals who are coming in from different parts of the country.
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 North and West the demand for Viman Nagar, Pimple Saudagar, Baner, Wakad, Hinjewadi, Shastri Nagar markets are driven by Rajiv Gandhi IT Park at Hinjewadi and Panchshil Tech Park and MIDC Software Technology Park at Talawade.
Out of the Top 10 rental localities in Pune, based on availability, 4 micro markets are spread across East Pune followed by 3 in West, 2 in North and 1 in South.
In East Pune, Kalyani Nagar, Wagholi, Kharadi, Hadapsar and Sholapaur Road markets are factor effects of Magarpatta Cyber City, Koregaon Park, EON Free Zone, Commerzone, Embassy Tech Park and Marisoft IT Park.
And the top 10 markets based on Rental yield are Kharadi (E), Kalyani Nagar (E), Viman Nagar (N), Shastri Nagar (W), Hadapsar (E), Pune Sholapur Road (E), Pimple Saudagar (N), Hinjewadi (W), Wanowrie (E) and Hingne Khurd (S).
Hi, Here are the top 10 rental markets based on Availability. These are Hadapsar (E), Wakad (W), Kharadi (E), Wagholi (E), Baner (W), Viman Nagar (N), Kalyani Nagar (E), Pimple Saudagar (N), Hinjewadi (W), Sinhagad Road (S).