Property Rates in Shivajinagar, Pune

Shivajinagar, a prominent locality in Pune, currently shows an average asking price of ₹22,952 per sq ft, while the registered rate stands at ₹19,187 per sq ft. Over the past year, from March 2025 to December 2025, the market experienced a downward price correction, with location rates decreasing from ₹24,846 to ₹22,670 per sq ft, suggesting a period of adjustment. When comparing with neighboring areas, Shivajinagar's average rate of ₹20,983 per sq ft is competitive with Model Colony at ₹21,021 per sq ft, though significantly lower than premium areas like Deccan Gymkhana, which averages ₹25,617 per sq ft. Property type analysis reveals office spaces are priced slightly higher at ₹23,989 per sq ft, despite a marginal dip of 0.24%, whereas apartments, at ₹22,952 per sq ft, have seen a positive growth of 1.24%. The market offers a substantial inventory of 'Ready To Move' properties (154 units), albeit with a notable price decline of 12.31%, averaging ₹14,892 per sq ft. 'Under Construction' and 'New Launch' segments also show price adjustments, reflecting buyer caution. Top projects by listing rates, such as Runwal Pratishtha (₹27,168 per sq ft) and Pandit Javdekar Dharmesh (₹26,446 per sq ft), indicate a strong demand for premium offerings. Government registration data highlights a robust transaction volume of 178 deals, contributing ₹432 Crore to the market, with an average registered rate of ₹19,200 per sq ft. Urban Life Ventures was a notable developer by transaction count, though overall transaction activity for specific projects remains modest.