Pune’s eastern corridor is now set for another connectivity upgrade, with new flyover projects in Yerawada and plans to improve airport access. The project will ease connectivity between Pune Airport, Nagar Road, Yerawada, Kalyani Nagar, Viman Nagar, and key commercial hubs in the eastern part of the city. The key question is whether these developments will translate into higher property values across these localities.
While infrastructure alone cannot drive real estate growth, improved connectivity often creates long-term value when supported by strong housing demand and employment hubs. Based on Square Yards Data Intelligence, East Pune already has many of these fundamentals in place.
Yerawada is becoming a key connectivity junction
Today, Pune Airport is primarily connected to the city via the Bund Garden Bridge and the Sangamwadi Bridge, both of which meet at Yerawada. This junction experiences heavy congestion during peak hours, affecting travel towards the airport and Nagar Road.
To ease this bottleneck, the Pune Municipal Corporation is developing two major road infrastructure projects. The first is the Shastrinagar Flyover and Subway, a multi-level project that will separate through traffic from local traffic. The second is the Bindu Madhav Balasaheb Thackeray Chowk Flyover and Grade Separator, which aims to provide smoother movement between Bund Garden Road, Nagar Road, and the airport corridor. In parallel, Pune Metro has also proposed extending metro connectivity from Kalyani Nagar to Lohegaon Airport. Although this project is still in the planning stage, it strengthens the long-term vision of improving airport access across eastern Pune.
Together, these projects are expected to reduce congestion, improve travel time, and create a more efficient transport network for residents and businesses.
East Pune already has strong real estate fundamentals
Unlike emerging corridors that depend entirely on future infrastructure, East Pune is already one of the city’s most active residential and commercial markets.
According to Square Yards Data Intelligence:
- Viman Nagar has an average residential price of ₹16,500 per sq. ft.
- Yerawada averages ₹15,200 per sq. ft.
- Hadapsar stands at approximately ₹14,450 per sq. ft.
- Kharadi records average asking prices close to ₹14,000 per sq. ft.
These locations benefit from established social infrastructure, proximity to Pune Airport, major IT parks, educational institutions, and commercial centers. The city itself also continues to witness healthy market activity. Square Yards Data Intelligence recorded over 42,000 property registrations in Pune between July 2025 and June 2026, highlighting sustained demand despite a moderation in overall housing sales.
Property prices are already showing positive momentum
Among East Pune micro-markets, Yerawada has witnessed one of the strongest recoveries in recent months. Square Yards Data Intelligence shows that average apartment prices increased from around ₹9,600 per sq. ft. in December 2025 to ₹15,200 per sq. ft. by March 2026, indicating a sharp improvement in buyer sentiment.
Viman Nagar has continued its steady upward trajectory with average prices touching ₹16,500 per sq. ft., supported by strong rental demand and its established premium residential profile. Kharadi has also maintained consistent appreciation, driven by its position as one of Pune’s largest IT and commercial hubs. Although quarterly price growth has been moderate, demand remains stable due to ongoing job creation.
This indicates that East Pune’s growth is not entirely dependent on the upcoming infrastructure. Instead, new connectivity projects could act as an additional catalyst for already active markets.
Airport infrastructure to improve connectivity
Recent Square Yards market studies suggest that airports are increasingly serving as catalysts for broader economic development rather than standalone transportation projects.
The upcoming Noida International Airport is a good example.
Instead of focusing only on airport construction, authorities are simultaneously investing in expressways, industrial zones, logistics parks, metro connectivity, and commercial infrastructure. Recent developments include a proposed 120-meter-wide access road connecting the airport with surrounding economic hubs, alongside continued investments in multimodal transport infrastructure. An equally important observation is that property markets often begin responding well before the airport becomes operational. Infrastructure announcements, road construction, and public investment improve buyer confidence long before the final project is completed.
Why East Pune is different from the greenfield airport corridors
Unlike developing airport regions such as Jewar, East Pune is not an emerging market waiting for economic activity to arrive. The region already has established residential communities, strong employment centers, and mature commercial infrastructure. Kharadi continues to serve as one of Pune’s largest IT destinations. Viman Nagar has evolved into a premium residential and retail hub. Yerawada enjoys strategic connectivity between central Pune and the airport, while Hadapsar remains an important commercial and residential destination. This means airport connectivity improvements are likely to enhance an already functioning ecosystem rather than create a completely new one. Such markets generally experience more stable and sustainable appreciation compared to locations that rely solely on future infrastructure announcements.
Rental demand could also improve
Better connectivity benefits not only homebuyers but also tenants. Professionals working in IT parks, aviation, logistics, and corporate offices often prioritize shorter commutes and quicker access to airports. Square Yards Data Intelligence shows rental yields of approximately 4.03% in Yerawada and 3.78% in Viman Nagar, indicating healthy rental demand in both markets. As airport connectivity improves, these localities could become even more attractive to working professionals, thereby supporting long-term rental demand.
