Pune : Pune’s real estate landscape continues to witness sustained momentum as major infrastructure upgrades reshape demand, supply, and price trajectories across the city. Fresh insights from Magicbricks indicate that the Pune Ring Road (PMRDA) and the upcoming Purandar International Airport—both integral components of Pune’s evolving Growth Corridor—are emerging as the city’s strongest catalysts for residential activity, significantly influencing both interest and pricing across several micro-markets.
When viewed collectively, these two infrastructure projects are redefining the city’s broader real estate dynamics. According to Magicbricks, Pune has recorded a 2.1% rise in demand over the past year despite a 14.8% drop in supply, contributing to a notable 41.4% annual increase in average city-level prices. Homes priced up to ₹75 lakh continue to lead overall demand, accounting for 58% of all searches, while the ₹75 lakh–₹1 crore and ₹1 crore–₹1.5 crore brackets also maintain steady traction.
Localities situated along the Ring Road alignment are seeing a visible uptick in demand and supply, with Ambegaon, Hinjawadi, Moshi, Chakan–Chikhali, Pirangut, and Wagholi among the biggest beneficiaries. Year-on-year demand has risen sharply in key nodes such as Hinjawadi (15.17%) and Ambegaon (13.61%), supported by steady or improving supply levels. Price appreciation has also been substantial over the last 2–3 years, with micro-markets like Wagholi (82.02%), Hinjawadi (44.48%), and Moshi (36.09%) reflecting strong capital value growth. Multistorey apartments dominate demand in these pockets, accounting for nearly 97% of all searches, with up to ₹50 lakh and ₹50 lakh–₹1 crore emerging as the most preferred budget segments.
The proposed Purandar International Airport is further amplifying Pune’s residential growth story. Magicbricks data shows that proximal locations such as Kondhwa, Hadapsar, Fursungi, Handewadi, Pisoli, Saswad, Shewalewadi (Hadapsar Annexe), and Undri have recorded clear improvements in interest following land acquisition updates and progress on the Detailed Project Report. Demand has increased across most of these catchments, led by Kondhwa (15.47%), Fursungi (14.33%), and Pisoli (14.20%). Price growth has remained consistently upward, with Fursungi rising from ₹4,773 per sq. ft in 2023 to ₹6,217 in JAS 2025, while Hadapsar has crossed the ₹10,000 per sq. ft mark. This zone remains largely end-user driven, with 92% of demand concentrated in multistorey apartments and budgets up to ₹1 crore holding the maximum interest.
Rental activity is also strong, with Hinjawadi, Kharadi, Wakad, Baner, Kothrud, Viman Nagar, Hadapsar, Wagholi, Balewadi, Punawale, Magarpatta, and Amanora Park Town ranking among Pune’s most active localities for both demand and supply.
As Pune prepares for the completion of these transformative infrastructure projects, Magicbricks insights suggest that residential momentum—across both end-user and investor cohorts—is likely to remain robust, particularly in high-growth corridors shaped by enhanced connectivity and emerging economic hubs.
