Shastrinagar Property Rates — ₹13,750/sq ft

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Property Rates in Shastrinagar

Property rates in Shastrinagar average ₹13,750 per sq ft. This micromarket shows consistent demand, with new launch projects currently priced at ₹11,400 per sq ft. The area maintains a healthy rental yield of 5.06%, supported by an average rental rate of ₹58 per sq ft. These indicators highlight Shastrinagar as a steady investment destination in East Pune, balancing competitive entry-level pricing with solid rental returns for property owners.

Asking Sale Price

₹ 13,750/Sq.Ft.

For Apartment

Average Rental

₹ 58/Sq.Ft.

Rental Yield

+ 5.06%

Insights

Insights for Shastrinagar, Pune Real Estate Market Overview

Shastrinagar serves as a vital residential hub in Pune, maintaining a stable property market with an average asking price of ₹13,750 per sq ft. The region supports a diverse housing supply, ranging from ready-to-move units to fresh inventory, ensuring options for both immediate residents and long-term investors. Rental market activity remains robust, with a notable yield of 5.06% and average monthly rentals that attract a steady stream of tenants. Developers continue to focus on this locality, leveraging its connectivity and proximity to key commercial hubs to drive project interest. The market structure reflects a balanced growth trajectory, favoring both capital appreciation and consistent rental income.

The micromarket reports an average rental rate of ₹58 per sq ft, outperforming many surrounding areas.
New launch projects are currently priced at ₹11,400 per sq ft, offering an attractive entry point for buyers.
Ready-to-move and well-occupied properties both command prices around ₹11,100 to ₹11,150 per sq ft.
The area demonstrates strong rental yields of 5.06%, highlighting its appeal for buy-to-let investors.
Leading projects like Hermes Heritage Homes and Ramesh Hermes Heritage Phase 2 anchor the rental market.

Market Strengths

A solid rental yield of 5.06% positions Shastrinagar as a reliable income-generating location.
The area maintains a premium average price of ₹13,750 per sq ft, reflecting high desirability.
Top projects like Hermes Heritage Homes sustain a rental rate of ₹58 per sq ft, well above the local average.
Strong price growth in established projects, some exceeding 58%, shows high buyer confidence.
The supply mix includes well-occupied properties at ₹11,150 per sq ft, ensuring long-term value stability.

Market Challenges

Rental rates for several neighboring areas like Yerawada and Kalyani Nagar are currently lower at ₹50 per sq ft, suggesting competitive pressure.
The negative growth of -17.29% in nearby Vishrantwadi highlights the volatility in surrounding micromarkets.

Investment Opportunities

The 5.06% rental yield provides a strong incentive for investors looking for consistent monthly returns.
New launch projects at ₹11,400 per sq ft present a lower entry cost compared to the overall locality average of ₹13,750 per sq ft.
Rental rates of ₹58 per sq ft for top projects indicate high demand for quality housing in the area.
The 18.91% growth in new launch pricing signals positive momentum for early-stage investors.

Top Localities in Shastrinagar, Pune

Nagar Road

Avg Price ₹ 10,000 /Sq.Ft.

LISTINGS 1

Airport Road

Avg Price ₹ 10,200 /Sq.Ft.

LISTINGS 1

Yerawada

Avg Price ₹ 15,200 /Sq.Ft.

Avg Rent ₹ 50 /Sq.Ft.

YIELD + 3.95

LISTINGS 8

Price Trend

Shastrinagar, Pune Property Price Trends and Appreciation

The Shastrinagar market shows a stable pricing trend with an average rate of ₹13,750 per sq ft. This level reflects the current market demand compared to the micromarket average of ₹11,400 per sq ft.

Asking Price Trends

₹ 13,750/Sq.Ft

Sep 2025 — Jun 2026

Quarter	City Rate
Jun 2026	0
Mar 2026	0
Dec 2025	0
Sep 2025	13750

About Asking Price Trends

Shastrinagar Property Price Comparison

By Localities
By Property Status

Location	Rate (₹/Sq.Ft)	Change %
Kalyani Nagar	26,450	16.8
Koregaon Park	16,350	8.7
Viman Nagar	17,100	3.8
Wadgaon Sheri	12,850	-4.7
Vishrantwadi	9,650	-17.3
Koregaon Park Annexe	25,900	-
Dhanori	9,750	0.3
Sangamvadi	22,800	14.2
Mundhwa	13,650	4.5

Shastrinagar functions as a key residential node within Pune East, surrounded by diverse neighborhoods with varying price points. Kalyani Nagar commands a premium at ₹26,450 per sq ft, while Viman Nagar and Koregaon Park also maintain higher price brackets at ₹17,100 and ₹16,350 per sq ft respectively. In contrast, locations like Dhanori and Vishrantwadi offer more accessible options, hovering around ₹9,750 and ₹9,650 per sq ft. This geographical spread allows Shastrinagar to remain a competitive middle-ground for property seekers.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	3	11,117	59.1
New Launch	1	11,400	18.9

The Shastrinagar market offers properties across various development stages catering to different buyer timelines. Ready-to-move inventory averages ₹11,100 per sq ft, while well-occupied properties trade at ₹11,150 per sq ft. New launch projects are available at ₹11,400 per sq ft, enabling buyers to balance possession timing with their specific pricing preferences.

Project & Developer Insights

Top Residential Projects and Developers in Shastrinagar

Godrej Ivara ₹ 1.27 Cr - ₹ 3.14 Cr

Pune East, Pune

VTP Altamira ₹ 1.39 Cr - ₹ 2.12 Cr

Pune East, Pune

Kohinoor Kaleido ₹ 89.90 L - ₹ 1.37 Cr

Pune East, Pune

Vilas Javdekar K38 ₹ 36.44 L - ₹ 1.9 Cr

Pune East, Pune

Vilas Javdekar Yashwin Enchante ₹ 95.71 L - ₹ 1.15 Cr

Pune East, Pune

Vilas Javdekar Kharadi Indiworks ₹ 66.95 L - ₹ 13.74 Cr

Pune East, Pune

Mahindra IvyLush ₹ 1.05 Cr - ₹ 2.18 Cr

Pune East, Pune

Gera Garden In The Sky ₹ 1.36 Cr - ₹ 3 Cr

Pune East, Pune

Purva Atmosphere ₹ 1.05 Cr - ₹ 1.82 Cr

Pune East, Pune

Godrej Aqua Vista ₹ 97 L - ₹ 1.37 Cr

Pune East, Pune

New Launch

Under Construction

Ready to Move

Renuka Construction Co ₹ 34 L - ₹ 1.31 Cr

16 Projects

Ramesh Builders ₹ 48 L - ₹ 1.12 Cr

14 Projects

Sofotel Infra Pvt Ltd

1 Projects

Top Projects by Listing Rates

Listing Rate
By Rental

Project Name	Rate (₹/Sq.Ft)	Change %
Renuka Brzee, Shastrinagar	11,400	18.9
Ramesh Hermes Heritage Phase 2, Shastrinagar	11,150	58.6
Sayali Terrace, Shastrinagar	11,150	58.6
Binarius Tech Park, Shastrinagar	11,100	60.1

Premium residential developments in Shastrinagar set the benchmark for value, with several projects showing significant upward trends. Renuka Brzee leads the new launch segment at ₹11,400 per sq ft, reflecting an 18.91% increase. Ramesh Hermes Heritage Phase 2 and Sayali Terrace both trade at ₹11,150 per sq ft with a 58.55% change, while Binarius Tech Park offers units at ₹11,100 per sq ft, demonstrating a 60.07% growth rate.

Project Name	Rate (₹/Sq.Ft)	Change %
Hermes Heritage Homes, Shastrinagar	58	-
Ramesh Hermes Heritage Phase 2, Shastrinagar	55	-

Hermes Heritage Homes leads the rental segment with a rate of ₹58 per sq ft, while Ramesh Hermes Heritage Phase 2 follows closely at ₹55 per sq ft. Both projects maintain stable rental demand, serving as key benchmarks for the local market.

Rental Trends

Rental Trends and Average Rent in Shastrinagar, Pune

Rental rates in the vicinity are largely consistent, with areas like Yerawada, Kalyani Nagar, and Viman Nagar averaging ₹50 per sq ft. While some locations like Koregaon Park show a 12.96% increase, most surrounding neighborhoods maintain stable rental demand. Apartments in Shastrinagar remain the primary rental property type, averaging ₹50 per sq ft. This segment has shown a steady 3.57% increase in rental value over the past year. Hermes Heritage Homes leads the rental segment with a rate of ₹58 per sq ft, while Ramesh Hermes Heritage Phase 2 follows closely at ₹55 per sq ft. Both projects maintain stable rental demand, serving as key benchmarks for the local market.

Shastrinagar Rent Comparison

By Location
By Property Type

Locality	Rate (₹/Sq.Ft)	Change %
Yerawada	50	-2
Ganesh Nagar	50	-7.5
Kalyani Nagar	50	8.9
Ashok Nagar	50	3.5
Sakore Nagar	50	-11.8
Koregaon	50	14.3
Koregaon Park	50	13
Adarsh Colony	50	11.8
Viman Nagar	50	5.8
Wadgaon Sheri	50	-

Property Type	Rate (₹/Sq.Ft)	Change %
Apartment	50	3.6

Apartments in Shastrinagar remain the primary rental property type, averaging ₹50 per sq ft. This segment has shown a steady 3.57% increase in rental value over the past year.

Explore Property Rates in Top Cities

Thane

Avg. Asking Price ₹ 16,000 /Sq.Ft

Govt Registration Rate ₹ 9,650 /Sq.Ft

Pune

Avg. Asking Price ₹ 13,550 /Sq.Ft

Govt Registration Rate ₹ 8,750 /Sq.Ft

Noida

Avg. Asking Price ₹ 12,650 /Sq.Ft

Govt Registration Rate ₹ 9,100 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,400 /Sq.Ft

Hyderabad

Avg. Asking Price ₹ 9,400 /Sq.Ft

Govt Registration Rate ₹ 3,700 /Sq.Ft

Chennai

Avg. Asking Price ₹ 9,200 /Sq.Ft

Kolkata

Avg. Asking Price ₹ 6,800 /Sq.Ft

Lucknow

Avg. Asking Price ₹ 6,600 /Sq.Ft

Govt Registration Rate ₹ 7,550 /Sq.Ft

Micromarket-Wise Property Price Trends Around Shastrinagar, Pune

Pune Central

Avg. Asking Price ₹ 16,650 /Sq.Ft

Govt Registration Rate ₹ 13,500 /Sq.Ft

Pune East

Avg. Asking Price ₹ 14,100 /Sq.Ft

Govt Registration Rate ₹ 9,650 /Sq.Ft

Pune West

Avg. Asking Price ₹ 13,900 /Sq.Ft

Govt Registration Rate ₹ 9,850 /Sq.Ft

Pimpri Chinchwad PCMC

Avg. Asking Price ₹ 12,600 /Sq.Ft

Pune South

Avg. Asking Price ₹ 12,500 /Sq.Ft

Govt Registration Rate ₹ 8,050 /Sq.Ft

More insights about Shastrinagar, Pune

Shastrinagar, Pune Overview

FAQ

Frequently Asked Questions About Property Rates in Shastrinagar, Pune

What is the current average asking price in Shastrinagar, Pune?

As of June 2026, the average asking price in Shastrinagar stands at ₹13,750 per sq ft. This rate has remained stable, showing a 0% change, which indicates a period of price consolidation in the local residential market.

How have property prices in Shastrinagar trended recently?

Property prices in Shastrinagar have shown an upward trajectory in recent quarters, with the micromarket rate rising from ₹13,400 per sq ft in March 2026 to ₹14,100 per sq ft as of June 2026. This consistent growth suggests strengthening demand within this specific micromarket, providing a positive signal for potential investors and homeowners.

How do property rates in Shastrinagar compare to nearby areas in Pune?

Property rates in Shastrinagar, currently at ₹13,750 per sq ft, sit in the mid-to-high range compared to surrounding Pune localities. For context, Kalyani Nagar commands a higher average of ₹26,450 per sq ft (having appreciated by 16.79% from June 2025 to June 2026), while more affordable options like Vishrantwadi are priced at ₹9,650 per sq ft, which has seen a depreciation of 17.29% over the same period.

How does property status influence pricing in Shastrinagar?

Property pricing in Shastrinagar varies by project status, with New Launch projects currently commanding the highest average at ₹11,400 per sq ft as of June 2026, reflecting an appreciation of 18.91% compared to previous periods. Ready to Move properties are priced at ₹11,100 per sq ft, showing a significant appreciation of 59.31%, while Well Occupied units are priced at ₹11,150 per sq ft, also reflecting a strong appreciation of 58.55%.

What is the rental yield in Shastrinagar, and what does it mean for investors?

The rental yield in Shastrinagar is 5.06% as of June 2026, which represents the annual return on investment for property owners through rental income. With an average rental rate of ₹58 per sq ft, this yield provides a balanced income-generating profile for investors who are looking to hold residential assets in this locality.

What are the rental trends for apartments in Shastrinagar?

Apartments in Shastrinagar currently command an average rental rate of ₹50 per sq ft as of June 2026. This rate has appreciated by 3.57% compared to earlier periods, signaling steady demand for rental housing in the area, which is consistent with the overall market performance for residential rentals in this part of Pune.

Which projects in Shastrinagar currently command the highest rental rates?

As of June 2026, Hermes Heritage Homes leads the rental market in Shastrinagar with a rate of ₹58 per sq ft, maintaining stable pricing with a 0% change. Ramesh Hermes Heritage Phase 2 follows closely with a rental rate of ₹55 per sq ft, also reflecting price stability with a 0% change during the same period.

What are the most prominent projects in Shastrinagar by listing rates?

As of June 2026, Renuka Brzee is the highest-priced project in Shastrinagar with a listing rate of ₹11,400 per sq ft, having appreciated by 18.91%. Other notable projects include Ramesh Hermes Heritage Phase 2 and Sayali Terrace, both listed at ₹11,150 per sq ft with a 58.55% appreciation, and Binarius Tech Park at ₹11,100 per sq ft, which has seen an appreciation of 60.07%.

How should a buyer interpret the price stability in Shastrinagar?

The 0% change in the average asking price of ₹13,750 per sq ft as of June 2026 suggests a balanced market where supply and demand are currently in equilibrium. For buyers, this stability offers a predictable environment to evaluate property options without the pressure of rapid price fluctuations, while investors may view this as a period of consolidation before potential future growth.