Property Rates in Shukrawar Peth, Pune 2026

The micromarket rate in Shukrawar Peth has shown a positive trajectory, moving from ₹15,700 per sq ft in March 2026 to ₹16,650 per sq ft as of June 2026. This upward movement suggests a steady strengthening of demand in the area over the last quarter. Investors and homebuyers should note that while the broader micromarket rate has increased, individual project pricing may vary based on specific amenities and building age.

Property rates in Shukrawar Peth, currently at ₹9,750 per sq ft, are generally more accessible than several surrounding premium neighbourhoods. For comparison, Deccan Gymkhana commands a higher average of ₹26,650 per sq ft (which has appreciated by 2.63% from previous periods), and Erandwane stands at ₹23,250 per sq ft, which has seen a minor depreciation of 0.37%. Other nearby areas like Sadashiv Peth are priced at ₹19,450 per sq ft, reflecting a 0.96% depreciation, while Gultekdi has seen significant growth, appreciating by 8.81% to reach ₹16,800 per sq ft.

As of June 2026, Under Construction projects in Shukrawar Peth are priced at an average of ₹14,300 per sq ft, having appreciated by 4.92% compared to previous cycles. In contrast, Ready To Move properties are available at an average of ₹12,150 per sq ft, which has seen a depreciation of 14.96%. This pricing dynamic indicates that newer, under-construction inventory currently commands a premium over established, ready-to-occupy units in this specific locality.

As of June 2026, Lagoo Anand leads the market with a listing rate of ₹21,900 per sq ft, marking a significant appreciation of 37.15%. Other premium projects include Hublikar Amber Society at ₹20,600 per sq ft (up 67.5%) and Gokhale Annapurna Smruti at ₹19,200 per sq ft (up 13.42%). These projects represent the higher end of the market spectrum in Shukrawar Peth, reflecting strong value appreciation for premium residential developments in the area.

Rental rates across the vicinity of Shukrawar Peth are highly uniform, with many neighbouring areas like Sadashiv Peth, Navi Peth, Dattawadi, Parvati Paytha, and Deccan Gymkhana all recording an average rental rate of ₹50 per sq ft as of June 2026. While the base rate is consistent, growth patterns vary significantly; for instance, Somwar Peth has seen a notable rental appreciation of 30.23%, and Parvati Paytha has appreciated by 15.79%. Conversely, Prabhat Road has experienced a rental depreciation of 10.29%, highlighting that while the entry-level rent is similar, demand dynamics differ by specific micro-location.

The Government Registration Rate in Shukrawar Peth is ₹12,750 per sq ft, which sits higher than the current average asking price of ₹9,750 per sq ft as of June 2026. Buyers should interpret this as a signal that the market asking price is currently trading below the government-benchmarked value, which can be a point of negotiation or an indicator of market correction. Always verify the specific registration requirements for your chosen project, as these rates are used by authorities for stamp duty and registration fee calculations.

As of June 2026, New Launch projects in Shukrawar Peth are priced at ₹10,950 per sq ft, which reflects a depreciation of 21.99% compared to previous periods. This downward adjustment in new launch pricing may signal a strategic move by developers to attract buyers in a competitive market or an adjustment to align with current demand levels. Prospective investors looking for entry-level opportunities in new developments may find this price point particularly noteworthy.