Pune
Model colony presents a stable real estate environment in Pune, characterized by a balanced mix of residential and commercial offerings. The market shows varied pricing across development stages, with ready-to-move units providing immediate access for occupants while under-construction projects cater to long-term investors. Rental demand remains consistent, particularly for 3 BHK apartments, which command an average monthly rent of ₹67,500. Investors benefit from a healthy rental yield of 3.19%, making it a compelling choice for those seeking both capital appreciation and recurring income. Developers continue to focus on premium projects that align with the high standards of this prime locality.
As of September 2026, the average asking price in Model Colony is ₹21,800 per sq ft. This figure reflects a depreciation of 5.92% compared to the previous period, suggesting a market correction in the locality's residential segment.
Property price trends in Model Colony have shown a mixed trajectory leading up to September 2026. While the locality rate was ₹21,300 per sq ft in December 2025, it rose to ₹23,150 per sq ft in March 2026, before adjusting to ₹21,800 per sq ft in June 2026. These fluctuations indicate a dynamic market where buyers and investors should monitor quarterly shifts to gauge the best entry points.
Property rates in Model Colony vary significantly when compared to surrounding neighbourhoods. As of September 2026, nearby areas like Deccan Gymkhana command a higher average asking price of ₹26,650 per sq ft (which has appreciated by 2.63%), while areas like Sadashiv Peth are more accessible at ₹19,450 per sq ft (marking a depreciation of 0.96%). Other nearby locations include Shivajinagar at ₹22,400 per sq ft and Erandwane at ₹23,250 per sq ft.
As of September 2026, there is a notable price premium for under-construction properties, which are priced at ₹26,300 per sq ft, having appreciated by 5.2% over the comparison period. In contrast, ready-to-move properties in Model Colony are available at an average of ₹19,200 per sq ft, which has seen an appreciation of 6% from the previous period. This gap suggests that buyers pay a premium for new developments, while ready-to-move units offer a more stable, lower-entry price point.
The average rental yield in Model Colony is 3.19% as of September 2026. For investors, this yield represents the annual return on investment from rental income relative to the property's purchase price. Given the current average asking price of ₹21,800 per sq ft for apartments, this yield provides a benchmark for evaluating the income-generating potential of residential assets in the area.
Rental rates in Model Colony vary by property type as of September 2026. Shops command the highest average rental rate at ₹150 per sq ft, having appreciated by 5.26%. Office spaces are available at ₹100 per sq ft, showing a depreciation of 3.85%, while apartments are rented at an average of ₹50 per sq ft, which has depreciated by 3.45% compared to the previous period.
As of September 2026, several projects in Model Colony stand out for their premium rental rates. Ahura Nishant leads with a rental rate of ₹73 per sq ft, followed by Fortune Garud House Apartments at ₹65 per sq ft, and Swagat Classic at ₹64 per sq ft. Other notable projects include Marble Arch CHS, Pate Manas, and Sudhir Regency, all commanding ₹63 per sq ft. These rates have remained stable with no percentage change recorded for the current period.
As of September 2026, the average rent for a 3 BHK apartment in Model Colony is ₹67,500 per month. This data point is essential for tenants looking to budget for larger residential units in the area and helps landlords understand the current market positioning for premium apartment configurations.
Buyers should note that as of September 2026, apartments in Model Colony are priced at ₹21,800 per sq ft (depreciating by 5.92%), while office spaces are priced at ₹19,800 per sq ft (with stable pricing at 0% change). This indicates that residential apartments currently command a higher capital value than commercial office spaces in the locality, which may influence decisions based on whether the buyer is seeking an end-use home or a commercial investment.
As of September 2026, the 'New Launch' segment in Model Colony is priced at ₹23,150 per sq ft, having appreciated by 4.21%. Meanwhile, the 'Mid Stage' segment is priced at ₹17,950 per sq ft, showing a significant appreciation of 12.29%. These trends suggest strong developer activity and investor confidence in projects currently under development within the locality.
