Affordable rental options around Pimpri Chinchwad in Pune Pimpri Chinchwad which is located about 15 km away from the heart of Pune along its north-west periphery via the Old Mumbai-Pune Highway is fast developing as a major destination for affordable residential accommodation. Falling under the administration of the Pimpri-Chinchwad Municipal Corporation (PCMC), there are various smaller areas or towns that fall under its jurisdiction. Many of these areas are known for offering affordable rental options. They include areas like Akurdi, Ravet, Bhosari, Thergaon, Rahatani andKalewadi, among others. Besides, these areas also provide good connectivity as well as infrastructure facilities due to which the demand for rental accommodation has increased considerably. Akurdi Akurdi is located about 4 km north-west of Pimpri Chinchwad and about 18 km from central Pune along the Old Mumbai Pune Highway. Some of the prominent completed apartment projects in the area are Aishwaryam Courtyard by Essen Group, Bhakti Desai Heights by Bhakti Group and Nirman Sankalp by Navjeevan Properties, among others. Rentals in Akurdi for 3 BHK apartments within 1000 and 1500 sq. ft. area cost about Rs 12,000 to Rs 15,000 per month while rentals for 2 BHK apartment of 800 to 1000 sq. ft. are between Rs 10,000-13,000 per month. For 1 BHK units with an area between 500 and 800 sq. ft., rentals range between Rs 7,000 and Rs 10,000 per month. Ravet Ravet is located about 10 km west of Pimpri Chinchwad along the Old Mumbai Pune Highway and about 20 km north-west of central Pune along the Aundh-Ravet Road. Some of the important completed apartment projects here are Runal Royal Casa by Runal Developers, Vakratund Aaditya Terraces by Vakratund Developers and Pristine Shatrunjay by Pristine Properties, among others. Rentals in Ravet for 3 BHK apartments of sizes between 1000 to 1500 sq. ft. range from Rs 12,000 to Rs 15,000 a month. Rentals for 2 BHK apartment of sizes 800 to 1000 sq. ft. are between Rs 9,000-12,000 per month. For 1 BHK units of area between 500 and 800 sq. ft., rentals range between Rs 7,000 and 9,000 per month. The average rentals per sq. ft. here are about Rs 13. Bhosari Bhosari is located about 6 km east of Pimpri Chinchwad along the Pimpri-Bhosari Road and about 17 km north of central Pune along the NH-50. There are many important completed apartment projects here that include Vishwa Vinayak Dwarka Vishwa by Vishwa Vinayak Developers, Sai Venkata Oxy Green Residency by Sai Venkata Group and Preetam Prakash Paradise by Prakash Construction Company, among others. Rentals in Bhosari for 3 BHK apartments with a sq. ft. area between 1200 and 1500 range between Rs 11,000-15,000 per month while for 2 BHK apartments of 800 to 1000 sq. ft. area, the rentals
are between Rs 9,000-11,000 per month. For 1 BHK units with an area between 500 and 800 sq. ft., rentals range between Rs 6,000 and 9,000 per month. Thergaon Thergaon is located about 6 km south-west of Pimpri Chinchwad along the Hedgewar Path, and about 15 km north-west of central Pune along the Aundh-Ravet Road. Some of the important completed apartment projects in Thergaon are ABC Nirman by ABC Properties, Kunal Residency by Kunal Group and Sai Krishna Park by Sai Erectors, among others. Rentals in Thergaon for 3 BHK apartments of sizes 1200 to 1700 sq. ft. range between Rs 12,000-15,000 per month while for 2 BHK apartments of 900 to 1200 sq. ft. area, the rentals are between Rs 10,000-12,000 per month. For 1 BHK units with an area between 600 and 900 sq. ft., rentals range between Rs 8,000 and Rs 10,000 per month. The average rentals per sq. ft. here are about Rs 14 with an appreciation of about 7 per cent compared to the previous quarter (Q1 2014). Rahatani Rahatani is located about 5 km south-west of Pimpri Chinchwad along the Hedgewar Path, and about 14 km north-west of central Pune along the Aundh-Ravet Road. The important completed apartment projects here include Kasturi Element 5 by Kasturi Housing, Mirchandani Palms by Mirchandani Group and Pristine Sunshine Greens by Pristine Properties, among others. Rentals in Rahatani for 2 BHK apartments of sizes 900 to 1200 sq. ft. range between Rs 10,000-15,000 per month. For 1 BHK units with an area of 500 to 1000 sq. ft., the rentals range between Rs 7,000 and 10,000 per month. The average rentals per sq. ft. here are about Rs 12. Kalewadi Kalewadi is located about 3 km south-west of Pimpri Chinchwad along the Hedgewar Path, and about 15 km north-west of central Pune along the Aundh-Ravet Road. Some of the prominent completed apartment project in the area include Sri Vardhaman Bhoomi by Sri Vardhaman Developers, Shivtirth Nagar by Behede Properties and Bandal Hari Om Plaza by Bandal Group, among others. Rentals in Kalewadi for 2 BHK apartments with area between 900 and 1200 sq. ft. are about Rs 12,000-15,000 per month. For 1 BHK units with an area between 500 and 800 sq. ft., rentals range between Rs 7,000 and 12,000 per month. The average rentals per sq. ft. here is about Rs 14 with an appreciation of about 7 per cent compared to the previous quarter (Q1 2014).
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