Property Rates in Shastrinagar, Pune 2026

Property prices in Shastrinagar have shown an upward trajectory in recent quarters, rising from ₹13,400 per sq ft in December 2025 and March 2026 to the current rate of ₹13,750 per sq ft as of June 2026. This trend suggests a gradual strengthening of demand within the locality over the first half of the year.

The average asking price in Shastrinagar is ₹13,750 per sq ft as of June 2026, while the recorded Government Registration Rate for transactions between September 2025 and August 2026 is ₹11,500 per sq ft. This difference often reflects the premium associated with current market listings compared to historical transaction values captured in government records.

As of June 2026, ready-to-move projects in Shastrinagar are priced at ₹7,000 per sq ft, which has depreciated by 3.69% compared to the previous period. In contrast, new launch projects are commanding a higher average of ₹9,600 per sq ft, having appreciated by 14.46% over the same timeframe, reflecting the premium typically associated with modern amenities and newer construction standards.

As of June 2026, Renuka Brzee leads the list with a rate of ₹9,600 per sq ft, showing a significant appreciation of 14.46% compared to the previous period. Other notable projects include Sayali Terrace at ₹7,000 per sq ft (depreciated by 5.17%), Ramesh Hermes Heritage Phase 2 at ₹7,000 per sq ft (depreciated by 3.65%), and Binarius Tech Park at ₹6,950 per sq ft (depreciated by 3.73%).

The average rental yield in Shastrinagar stands at 4.89% as of June 2026. This yield is a key metric for investors, representing the annual rental income relative to the property's purchase price, and it helps in evaluating the income-generating potential of residential assets in this area.

As of June 2026, the average rental rate for apartments in Shastrinagar is ₹50 per sq ft, which has appreciated by 1.79% compared to the previous period. For those seeking premium options, projects like Hermes Heritage Homes command a higher rental rate of ₹58 per sq ft, while Ramesh Hermes Heritage Phase 2 is available at ₹55 per sq ft, both showing stable rental trends with 0% change.

Rental rates across the broader region are generally consistent, with many areas like Viman Nagar, Koregaon Park, and Wadgaon Sheri averaging ₹50 per sq ft as of June 2026. While the base rate is uniform, specific localities show varying growth; for instance, Koregaon has seen a 16.33% appreciation in rental rates, whereas Sakore Nagar has experienced a depreciation of 11.76% over the same period.

Buyers should note that as of June 2026, Shastrinagar offers a mix of inventory, with ready-to-move units priced at ₹7,000 per sq ft and new launches at ₹9,600 per sq ft. The depreciation in ready-to-move segments (3.69%) versus the appreciation in new launches (14.46%) suggests that investors and end-users are currently showing a stronger preference or higher valuation for newer, upcoming developments in the area.