Pune
The Shikrapur real estate market currently presents a distinct price structure characterized by an average asking rate of ₹3,500 per sq ft. This figure highlights the accessibility of the region for prospective homeowners and investors looking for budget-conscious entry points in the Pune east corridor. Rental demand remains consistent across several neighboring localities, where average rental rates hover around ₹50 per sq ft. Recent government registration data indicates a volume of 21 transactions, contributing to a gross value of ₹8 Cr, which underscores the ongoing market activity. The residential segment continues to be the primary focus for new developments in this evolving area.
As of September 2026, the average asking price in Shikrapur is ₹3,500 per sq ft. This rate has remained stable with a 0% change, indicating that the market has held its valuation steady over the recent period.
Property rates in Shikrapur, currently at ₹3,500 per sq ft, are significantly more accessible than in many surrounding areas. For context, as of September 2026, neighbouring markets like Kharadi command a much higher average asking price of ₹14,950 per sq ft, which appreciated by 5.39% compared to the previous period. Similarly, Gahunje is priced at ₹15,100 per sq ft, having appreciated by 24.27%, while Wagholi sits at ₹8,850 per sq ft, reflecting a depreciation of 1.02% over the same timeframe.
The top projects in Shikrapur by listing rates as of September 2026 include Subhaj Garden City at ₹6,800 per sq ft, Sai Zion Apartments at ₹6,200 per sq ft, and Shri Siddhivinayak Eco Gram at ₹5,950 per sq ft. Other notable projects include Mhalsakant Vindhya Heights at ₹5,750 per sq ft and Nanda Harmony at ₹5,650 per sq ft. All these projects have maintained stable listing rates with a 0% change, reflecting a consistent pricing strategy across these developments.
Rental rates across the broader region surrounding Shikrapur are consistently observed at ₹50 per sq ft as of September 2026, though performance varies by locality. For instance, rental rates in Kharadi have appreciated by 8.51%, while Wagholi and Lohgaon have seen appreciation of 2.78% and 2.86% respectively. Conversely, some areas have experienced rental depreciation, such as Gahunje, which saw a 21.62% decline, and Charholi Budruk, which saw a 7.89% decline in rental rates over the measured period.
A rental rate of ₹50 per sq ft, as observed in September 2026 across various nearby localities, provides a baseline for tenants to estimate their monthly housing costs. While this rate is uniform across several areas like Manjari and Manjri Budruk, where it has remained stable with 0% change, tenants should note that market dynamics in other areas like Kharadi have led to an 8.51% appreciation in rental rates. This suggests that while the base cost is currently accessible, demand-driven pressures can lead to localized rental increases.
The Government Registration Rate in Shikrapur is currently ₹9,250 per sq ft as of September 2026. This figure serves as a benchmark for stamp duty and registration calculations, which may differ from the current average asking price of ₹3,500 per sq ft. Buyers should note that the registration rate is often used by authorities for valuation purposes and may not always align with the current market-driven listing prices, making it a critical data point for calculating total acquisition costs.
The property price trend in Shikrapur has shown stability, with the micromarket rate holding at ₹13,400 per sq ft from December 2025 through March 2026, before moving to ₹14,100 per sq ft in June 2026. As of September 2026, the market has stabilized, providing a predictable environment for prospective buyers. This trajectory suggests a period of consolidation following the fluctuations observed in the first half of the year.
