Pune
Sector 23 has established itself as a significant residential pocket in Pune, currently commanding an average asking price of ₹11,800 per sq ft. The rental market across the surrounding region remains consistent, with many nearby localities maintaining an average rental rate of ₹50 per sq ft. Investors and tenants alike find a uniform rental landscape in the vicinity, which simplifies comparisons for those looking at properties in Nigdi, Pradhikaran, and Akurdi. The market dynamics show a steady flow of interest, driven by the connectivity and infrastructure that define this part of the city.
As of June 2026, the average asking price in Sector 23 is ₹11,800 per sq ft. This rate has remained stable, showing a 0% change, which indicates a period of price consolidation in the local residential apartment market.
The micromarket rate in Sector 23 has shown a consistent upward trajectory throughout the recent quarters. As of June 2026, the rate stands at ₹12,850 per sq ft, rising from ₹12,500 per sq ft in March 2026 and ₹12,250 per sq ft in December 2025. This steady quarter-over-quarter growth reflects a sustained demand for residential properties in the area.
Property rates in the vicinity of Sector 23 vary significantly, reflecting diverse market dynamics across the region. For instance, Sector 21 commands a higher average asking price of ₹14,900 per sq ft, having appreciated by 6.88% compared to previous periods. Conversely, more affordable options are available in areas like Dehu at ₹8,600 per sq ft (up 1.17%) and Mamurdi at ₹8,900 per sq ft (up 4.18%). Kiwale is currently seeing a price correction, with rates at ₹8,900 per sq ft, reflecting a depreciation of 6.78%.
Rental rates across the neighbourhoods surrounding Sector 23 are currently uniform at ₹50 per sq ft, though their growth patterns differ significantly. For example, Nigdi has seen a notable rental appreciation of 25%, while Chinchwad has experienced a 9.52% increase. In contrast, areas like Akurdi have seen a slight rental depreciation of 2.63%, and Jambhe has recorded a sharper decline of 20% in rental rates as of June 2026.
Investors looking at areas near Sector 23 should note that while the average rental rate is consistent at ₹50 per sq ft across many locations, the varying appreciation and depreciation percentages signal different levels of tenant demand. Areas like Nigdi and Chinchwad, which show strong positive rental growth, may suggest a more robust rental market compared to locations like Jambhe or Akurdi, where rental rates have seen recent downward adjustments. Understanding these micro-trends is essential for assessing the long-term income potential of a property in this region.
