Property Rates in Lulla Nagar, Pune 2026

Property rates in the Lulla Nagar micromarket have shown a fluctuating trajectory throughout 2026. As of September 2026, the micromarket rate is ₹12,200 per sq ft, following a peak of ₹12,500 per sq ft in June 2026. Prior to this, the area saw rates at ₹12,000 per sq ft in March 2026 and ₹11,850 per sq ft in December 2025, indicating that while the market saw growth earlier in the year, it has experienced a minor softening in the most recent quarter.

Property prices in Lulla Nagar vary significantly by project status as of September 2026. Ready To Move projects are priced at ₹10,100 per sq ft, having depreciated by 3.65% over the observed period. In contrast, Under Construction projects command a higher average of ₹11,850 per sq ft, showing a significant appreciation of 43% compared to the previous period, suggesting strong demand for new inventory. New Launch projects are currently priced at ₹13,050 per sq ft, reflecting a 1.12% depreciation, while the limited Well Occupied segment is at ₹9,000 per sq ft, which has appreciated by 7.27%.

The average rental rate in Lulla Nagar is ₹35 per sq ft as of September 2026. This rate has appreciated by 2.94% compared to the previous period, signaling a steady demand for rental properties in the locality. For those specifically looking at apartments, the average rental rate is ₹50 per sq ft, which has also seen a 2.94% appreciation, highlighting the consistent rental value of apartment-style housing in this market.

As of September 2026, the top projects by rental rates in Lulla Nagar include Anchorage Apartment at ₹41 per sq ft, followed by Manikchand Malabar and Aditya Towers Lulla Nagar, both at ₹34 per sq ft. Other notable projects include Sudhir Mandke Advantage CHS at ₹33 per sq ft, Corner Stone Apartments Lulla Nagar at ₹26 per sq ft, and Gagan GM Axia at ₹25 per sq ft. Rental rates for all these projects have remained stable with 0% change, reflecting a consistent pricing environment for these premium residential options.

Rental rates across the broader micromarket surrounding Lulla Nagar are currently uniform at ₹50 per sq ft for most neighboring areas, including Gangadham, Nibm Road, Salisbury Park, Market Yard, Gultekdi, Nibm Annexe, Wanwadi, Nibm, and Kondhwa. While the base rate is consistent, performance varies: Nibm Annexe has seen a notable 10.34% appreciation, while Salisbury Park has experienced a 4.35% depreciation as of September 2026. This comparison helps investors identify which specific pockets are seeing upward rental momentum versus those undergoing a correction.

As of September 2026, Nyati Elenor leads the market in Lulla Nagar with a listing rate of ₹26,700 per sq ft, maintaining stable pricing with 0% change. Other high-value projects include Bramhacorp Bramha Memories at ₹18,150 per sq ft (depreciated by 0.72%) and Bafna Arisha at ₹16,700 per sq ft (stable at 0%). These projects represent the premium segment of the locality, offering higher-end pricing compared to the broader apartment average.

Buyers in Lulla Nagar should note that as of September 2026, Under Construction properties are priced at ₹11,850 per sq ft, which is higher than the ₹10,100 per sq ft average for Ready To Move projects. The 43% appreciation in Under Construction rates indicates a strong market appetite for future supply, while the 3.65% depreciation in Ready To Move units may present a value opportunity for end-users seeking immediate possession. Comparing these figures allows buyers to weigh the benefits of immediate occupancy against the potential for capital appreciation in newer, under-construction developments.