Top 7 areas to live in Pune for every budget

Pune, India, is well-known for its rich cultural heritage and is the state’s second-most populous city after Mumbai. Keep reading to learn the best areas in Pune and the surrounding benefits.

Pune, also known as the “Queen of the Deccan,” is a lush green cosmopolitan city known for its weather, educational institutions, and proximity to numerous tourist attractions. As a result of having all of these qualities, Pune has become a popular destination for people looking to relocate to the city. 

Pune is also known as the “Oxford of the East,” owing to the presence of prestigious educational institutions. Pune has seen significant growth in the IT sector, with many major corporations establishing their headquarters here. As a result, Pune has become a popular destination for students and working professionals. Let’s find out more about the areas and pg in Pune.


Rent for 1 BHK in Katraj- Rs. 7,200-8,400

Katraj, a popular residential area for young students and salaried professionals, is located near NH-4, which connects Kolhapur and Bangalore. Katraj is well-known for its Rajiv Gandhi Zoo and Katraj Lake. A giant statue of the warrior and king Chattatrapti Shivaji Mahara stands on an island in the lake. It is an ideal place to live, surrounded by greenery.

Because students and young professionals dominate the area, Katraj offers reasonably priced residential flats. It is also close to the Swargate bus stop, a public bus hub that runs throughout Pune daily. 

Nearby social facilities

  • Educational facilities- Sarhad School, Huzur Paga School, Sant Tukaram English Medium School, National Public School, Sinhagad College of Kondhva, Jaikranti College
  • Hospitals- Jeewandhara Multispeciality Hospital, Sai Sneh Hospital and Diagnostic Center, Bhakare Super Speciality Hospital and Research Institute
  • Malls- Kadam Plaza


Rent for 1BHK in Hinjewadi- Rs. 8,500-9,500

Hinjewadi is Pune’s IT hub and a popular destination for young professionals. Pune’s rapid growth can be attributed to the IT hub in Hinjewadi. It is teeming with young professionals who prefer to share living quarters, making it one of the cheapest areas in Pune to rent a flat. It is also great as a single occupancy pg in Pune.

In Hinjewadi, students can find many PGs and co-living spaces at reasonable prices. Hinjewadi, located in North-West Pune, is also densely packed with eateries, entertainment, and shopping areas.

Nearby social facilities

  • Educational facilities- VIBGYOR High, Pawan Public School, Blue Ridge Public School, International Institute of Information Technology, Alard College of Engineering and Management
  • Hospitals- Sanjeevani Multispeciality Hospital, Hinjewadi Hospital, Ayushree Hospital, Ruby Hall Clinic
  • Malls- Grand Highstreet Mall, Fountain Market


Rent for 1 BHK in Bhosari- Rs.  8,700-9,700

Bhosari is a new neighborhood ideal for those who want to escape the city life’s hustle and bustle. Bhosari is rapidly developing and considered the most popular area of Pimpri Chinchwad.

In addition, Bhosari is a well-known industrial area in Pune, home to several well-known companies such as Tata Motors, Thermax, MIDC, and others. Because of the low cost of living and proximity to the industrial area, salaried professionals prefer to live here.

Nearby social facilities

  • Educational facilities- Priyadarshani School, Master Mind Global School, Priyadarshani School, Sidheshwar High School, Pawana Shikshan Prasarak Mandal Art’s And Commerce College, Rajmara Jijau College
  • Hospitals- Anand Multispeciality Hospital, Shree Multispeciality Hospital, Sabales Superspeciality Hospital, Pataskar Hospital
  • Malls- M Mart Mall, Indrani Mall


Rent for 1 BHK in Warje- Rs. 7,800-8,500

Warje is located 12 kilometers from the city center, on the banks of the Mutha River. Warje, once farmland, is now a well-developed Pune neighborhood. Warje is well-known as the “spiritual extension” of Kothrud, one of the most expensive areas in Pune.

Warje, close to the National Defence Academy (NDA), attracts many people from all over the country for training. Furthermore, because of the affordable residential areas in Warje, many people prefer to rent a house here.

Nearby social facilities

  • Educational facilities- Aaryans World School, Sahyadri National School, Bombay Cambridge School, Sanskar Mandir Sansthas Arts & Commerce College, Modern College of Arts, Science and Commerce
  • Hospitals- Mai Mangeshkar Hospital, Chaitanya Hospital, LFG Cares Shree Hospital, Anand Hospital
  • Malls- JVA Mall


Rent for 1 BHK in Wagholi- Rs. 6,800 – 7,700

Due to various factors, if you work in an IT company and are new to Pune, your colleagues will most likely recommend looking for a flat to rent in Wagholi. For starters, it is close to various IT parks, such as Eon IT Park and Giga Space IT, which house thousands of professionals. Surprisingly, Wagholi has lower flat rental rates than the surrounding areas of Viman Nagar and Kharadi. Wagholi also has the advantage of being close to the Pune International Airport. It is one of the most economical places to find a pg in Pune.

Nearby social facilities

  • Educational facilities- Imperial College of Engineering, Bharatiya Jain Sanghatana’s College
  • Hospitals- Lifeline Hospital, Imax Multispeciality Hospital
  • Malls- Epic Shopping, BA Shopping Hub
  • Parks- Wagheshwar Park

Koregaon Park

Rent for 1 BHK in Koregaon Park- Rs. 18,000-20,000

Koregaon Park is one of Pune’s most affluent and prestigious neighborhoods. Koregaon Park, originally a residential area, is now a commercial marketplace. KP, which is densely packed with restaurants and pubs, is a popular hangout for young people. Furthermore, the lush green surroundings and abundance of parks make it the best place to live in Pune. However, keep in mind that property prices in Koregaon Park are high. If you need a pg in Pune, this area will be perfect.

Nearby social facilities

  • Educational facilities- St.Miras School, Sardar Dastur Hormazdiar High School, The Bishops School
  • Hospitals- Cloudnine Hospital, Sahyadri Hospital, Petals Hospital, Inlaks and Bhudrani Hospital
  • Mall- Nitesh Hub, SGS Mall, Clover Center
  • Eateries- Belgian Waffle, Naturals, The Sassy Spoon, Wadeshwar 


Rent for 1 BHK in Eran Dwane- Rs. 14,000-20,000

Erandwane is, without a doubt, one of Pune’s most affluent neighborhoods. The streets are spotless. The surroundings are lush with vegetation. It also has luxurious villas and bungalows. So, renting or owning a home here will cost you a fortune. But, you know, your life would be pretty organized. People would be perplexed if you said you stayed at Erandwane, which sounds like a posh neighborhood in the United States or the United Kingdom.

All previously mentioned locations are well-established, but Erandwane has grown dramatically in the last 3-5 years. As a result of the reconstruction efforts, the area is now considered one of Pune’s nicest and most expensive residential neighborhoods. 

Nearby social facilities

  • Educational facilities- Symbiosis Statistical Institute, Indian School Of Business Management and Administration, Mit College Of Management
  • Hospitals- Ace Hospital, Deenanath Mangeshkar Hospital, PranaVeda Healthcare
  • Malls- DTC mall, Reliance Mall, Pune Central Mall, Revolution Mall

All the above areas have their own budget sets. You can choose from any according to your convenience. Finding a PG in Pune will be much easier if you look out for these areas.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top