How to find accommodation in Pune? Which is the best neighborhood for expatriates? Find some tips in this article.
Pune is the second biggest city of the State of Maharashtra after Mumbai. It is also one of the country's biggest metropolis, with more than 8,242,142 inhabitants in 2014, along with being an industrial hub. Hence, Pune is deemed to be one of the best destinations for expatriation, especially for foreign professionals looking for career prospects. Indeed, the city hosts several expatriates communities coming from, namely, South-east Asia, the Middle-East and Africa.
Pune also attract foreign students in large numbers, not only for its huge cultural legacy but also for the presence of its university and several higher education institutions. This situation has rather encouraged the growth of the rental market so as to cater for the demand. Therefore, you should be able to find accommodation easily.
Pune is divided into four zones, namely the Old City, the Inner New City, the Outer New City and the outskirts. It should soon be extended so as to include 28 other surroundings villages. The Old City consists of 17 neighborhoods which are also known as Peths. The ewer zones, for their part, consist of residential and business neighborhoods, namely Deccan Gymkhana, Erandwane, Karvenagar, Shivajinagar, Camp, Bund Garden, Khadki, Aundgh, Ganeshkhind, Korthrud, Paul Road and Wadgaon Sheri.
Note that many higher education institutions are found in Kothrud, Nagar Road, Bund Garden and Dhandkawadi. In the outskirts, you will find Baner, Balewadi, Pashan, Bavdhan, Wadgaon Budrukh, Mundhwa, Kalas and Dhanori, etc. Viman Nagar, Kharadi, Kalyani Nagar, Koregaon Park, Bund Garden, Camp and DP Road are the most popular neighborhoods with expatriates due to their proximity with Pune's main commercial areas.
JM Road, FC Road, SB Road and Baner, which are found in the city-center, are also very popular with expatriates.
Good to know:
Koregaon Park and Kalyani Nagar are upscale neighborhoods where you are likely to find modern and luxurious accommodation. But this also means that rent prices will be higher, both for apartments and villas.
As in most Indian cities, rent prices in Pune vary from one neighborhood to another and according to the type of accommodation. However, these are quite higher compared to other big cities. Thus, you will need an average of INR 12,400 per month to rent a single-bedroom apartment in the city-center and an average of INR 8,400 per month for the same type of accommodation in the outskirts.
For a three-bedroom apartment, you will need an average of INR 26,900 per month in the city-center and around INR 18,200 per month in the outskirts.
First of all, check out offers on the Internet thanks to several general and specialized housing websites. But you stand more chances of finding accommodation according to your criteria and budget by registering with a real estate agency. Consider checking out classified ads in local newspapers as well.
Finally, word-of-mouth may help if you have friends or contacts on the spot.
Expat.com – Housing in Pune
Grab House grabhouse.com
99 Acres www.99acres.com
Magic Bricks www.magicbricks.com
Common Floor www.commonfloor.com