Property Rates in Shastrinagar, Pune 2026

Property rates in Shastrinagar have shown an upward trajectory over the last few quarters, moving from ₹11,400 per sq ft in September 2025 to the current level of ₹13,750 per sq ft as of June 2026. This steady increase from the ₹13,400 per sq ft recorded in March 2026 suggests resilient demand within the micromarket.

Property rates in Shastrinagar, currently at ₹13,750 per sq ft, sit in the mid-range when compared to surrounding Pune localities. For instance, Kalyani Nagar commands a higher average of ₹22,650 per sq ft (which depreciated by 2.62%), while more affordable options like Dhanori are available at ₹9,700 per sq ft, which appreciated by 1.1% from the previous period.

As of June 2026, Ready To Move projects in Shastrinagar are priced at an average of ₹7,000 per sq ft, reflecting a depreciation of 3.69% compared to the prior period. In contrast, New Launch projects command a premium at ₹9,600 per sq ft, having appreciated by 14.46% over the same timeframe, signaling strong developer confidence in upcoming supply.

The average rental rate in Shastrinagar is ₹56 per sq ft as of June 2026, with rates remaining stable at 0% change. The locality currently offers a rental yield of 4.89%, which serves as a key metric for investors evaluating the income potential of their capital outlay in this residential market.

Apartments in Shastrinagar command an average rental rate of ₹50 per sq ft as of June 2026. This rate has seen a modest appreciation of 1.79% compared to the previous period, reflecting a consistent demand for apartment-style living in the locality.

As of June 2026, Hermes Heritage Homes leads the rental market in Shastrinagar with a rate of ₹58 per sq ft, showing 0% change. It is followed by Ramesh Hermes Heritage Phase 2, which rents at ₹55 per sq ft, also maintaining stable pricing with 0% change, highlighting these as premium choices for tenants in the area.

Investors should note that Shastrinagar has experienced a price increase from ₹13,400 per sq ft in March 2026 to ₹13,750 per sq ft in June 2026. This upward trend, combined with a rental yield of 4.89%, suggests that the market is currently balancing capital appreciation with steady rental income potential, making it a point of interest for long-term hold strategies.

Renuka Brzee is currently the most premium project by listing rate in Shastrinagar at ₹9,600 per sq ft as of June 2026, having appreciated by 14.46% compared to the previous period. Other notable projects include Sayali Terrace and Ramesh Hermes Heritage Phase 2, both priced at ₹7,000 per sq ft, though these have seen slight depreciations of 5.17% and 3.65% respectively.