Property Rates in Shukrawar Peth, Pune 2026

Property price trends in Shukrawar Peth have shown a downward trajectory in the micromarket rate over the last few quarters. The micromarket rate decreased from ₹20,700 per sq ft in June 2025 to ₹15,700 per sq ft as of March 2026, reflecting a market correction or adjustment in supply-side expectations during this period.

Property rates in Shukrawar Peth, currently at ₹9,750 per sq ft, are significantly lower than several surrounding areas. For instance, Deccan Gymkhana commands a higher average rate of ₹25,950 per sq ft (which appreciated by 0.8% from previous periods), while Shivajinagar stands at ₹22,950 per sq ft (appreciating by 1.33%). Other nearby areas like Sadashiv Peth and Navi Peth also maintain higher price points at ₹19,650 per sq ft and ₹20,300 per sq ft respectively, highlighting Shukrawar Peth as a more accessible entry point in this part of Pune.

As of March 2026, Ready To Move properties in Shukrawar Peth are priced at an average of ₹11,250 per sq ft, having appreciated by 18.01% compared to previous cycles. In contrast, Under Construction properties are priced slightly higher at an average of ₹11,450 per sq ft, which reflects an appreciation of 17.36%. This narrow price gap suggests that buyers are currently paying a premium for the immediate availability of finished units while maintaining confidence in ongoing project developments.

Gokhale Annapurna Smruti leads the list of premium projects in Shukrawar Peth with a current listing rate of ₹17,900 per sq ft, having appreciated by 2.53%. Other notable high-value projects include Ganesh Prasad Apartment at ₹16,350 per sq ft (appreciating by 29.39%) and Lagoo Anand at ₹15,700 per sq ft (appreciating by 16.86%). These projects demonstrate strong value growth, with several others like Swasti Apartment and Kiankush Araham Tower also showing significant appreciation, indicating robust interest in these specific developments.

The rental market across Shukrawar Peth and its neighbouring localities, including Sadashiv Peth, Navi Peth, and Erandwane, currently shows a consistent average rental rate of ₹50 per sq ft. This stability in rental pricing across the region, with a 0% change percentage, suggests a balanced supply and demand environment for tenants looking for residential options in these central Pune localities.

The Government Registration Rate in Shukrawar Peth is currently listed as ₹12,750 per sq ft. Buyers should use this figure as a benchmark for stamp duty and registration calculations, which may differ from the market-driven average asking price of ₹9,750 per sq ft. Understanding this gap is essential for accurately estimating the total cost of acquisition beyond the base property price.

With 89 transactions recorded between June 2025 and May 2026, resulting in a gross value of ₹76 Cr, Shukrawar Peth demonstrates steady market liquidity. This volume of activity provides a reliable baseline for buyers and investors to assess the market's health and the frequency of property turnover in the locality.