Pune has emerged as a hub of education in recent years – an abode of premier colleges, top-ranking universities and coaching centres to mentor the youth for competitive exams. Students from all over the country flock to this destination to pursue a professional course or higher education. The city offers multiple opportunities to the aspirational youth – to transform their passion into a means of livelihood. As a result, it has become one of the most preferred cities to live in India.
Because of the influx of IT, residential demand has been very high in the last two years. The trend will continue as these are established destinations now. With the advent of gaming and biotechnology in addition to information technology, there is a growing demand for housing solutions in all sectors, with most working people looking for the walk-to-work concept.
There is a large segment of individuals who seek admission in this city every year and also look for residential options on rent. While many look for hostels or PG accommodation, there are some who prefer one-room flats, studio apartments, or independent bungalows. Whatever be the individual choice, it is important to rent a property in a suitable area that offers seamless connectivity, safety of living, and premium quality at affordable rates.
With dozens of companies relocating to Pune, many new residential projects are coming up. As overall cost of living is not high compared to the metros, the city is a very good option for residency. If you are looking for flats for rent, these are the top five localities to prefer in Pune.
This locality is ideal for the student community. It has plenty of transportation facilities, IT parks, banks, malls, entertainment options, eating joints. Besides, the basic services are interrupted. No power cuts, no water constraints. The area offers luxury housing option at an affordable rent. Its proximity to Pune airport, in comparison to other places in Pune, makes it a clear winner.
This area is an active residential hotspot. It has a large number of office-goers as well as students who look forward to renting a place here. The uniqueness of this area is defined by its highly affordable flats and apartments. Here the rental rates start at approximately Rs 5,000 and reach approximately Rs 12,000.
Hinjewadi is one of the large IT parks in the city. The residential flats and apartments in this area were earlier rented by the employees of the IT companies operating in this zone. With the setting up of colleges and educational institutes, the trend of PG in Hinjewadi has achieved popularity among the students. The PGs and flats are extremely affordable in this area. Also, this locality is well-connected to the other parts of the city.
Boat Club Road
This locality is ranked as one of the best in terms of residency. Located very close to the railway station as well as the airport, Boat Club Road is a cluster of malls, schools, B-schools, hospitals, departmental stores, and coaching centers. The affordable PGs and flats in this area – coupled with the basic amenities – make this locality popular among the students.
Honoured as one of the fastest developing suburbs by the Guinness World Records, Kothrud is one of the extremely urban localities. Owing to its convenient location and smooth connectivity with the rest of Pune, it is preferred by families and students who look for a place on rent in the city.