Top Areas in Pune for Retired Individuals from Mumbai

Choosing the right place to retire in Pune can be a daunting task, especially for individuals who are shifting from the bustling city of Mumbai. In this guide, we will explore some of the best areas in Pune and its suburbs, and provide a range of flat costs and rents for your consideration.

Overall Considerations

Pune was known as a quiet haven for retirees in the 1970s and 1980s, offering a serene lifestyle away from the chaos of the city. However, Pune today is a bustling Tier 1 city with all the advantages and disadvantages. While it may not offer the same quiet life as in the past, it is still a preferable option over Mumbai for many retirees. The decision largely depends on personal preferences and priorities.

Preferred Areas for Different Groups

Based on various factors, including cultural background and economic class, we can recommend some areas in Pune that might suit different groups of retirees. These groups include:

Group A: Maharashtrians, neo-Maharashtrians, Gujaratis, and possibly South Indians Group B: North Indians, East Indians, Hindi dominating, and possibly South Indians Group C: Middle-class residents

High-End and Upper Middle-Class Residents

For the more affluent Maharashtrians, neo-Maharashtrians, Gujaratis, and possibly South Indians, we recommend the following areas:

Prabhat Road, Bhandarkar Road, Law College Road: Typical rental costs range from 30,000 to 35,000 per month for a 3-bedroom flat. New property prices range from 18,000 to 25,000 per square foot, with resale options between 12,000 and 200,000 per square foot. Model Colony, Modi Bagh, Range Hills, Shivaji Nagar: These areas offer new home prices between 16,000 and 22,000 per square foot, and resale prices between 10,000 and 170,000 per square foot. Rental costs typically range from 25,000 to 30,000 per month for a 3-bedroom flat. Aundh, ITI Road: New home prices in Aundh range from 15,000 to 18,000 per square foot, with resale options similarly priced. Rental costs typically range from 20,000 to 25,000 per month for a 3-bedroom flat.

For the affluent who prefer a non-gated community living close to the city, options like Boat Club Road, North Main Road, and Pune Camp are also available.

Boat Club Road: New home prices range from 30,000 to 45,000 per square foot, with resale prices between 25,000 and 300,000 per square foot. Rental costs typically range from 50,000 to 60,000 per month for a 3-bedroom flat. North Main Road: New home prices range from 18,000 to 25,000 per square foot, with resale prices between 12,000 and 200,000 per square foot. Rental costs typically range from 30,000 to 35,000 per month for a 3-bedroom flat. Pune Camp: New home prices range from 15,000 to 18,000 per square foot, with resale prices between 10,000 and 150,000 per square foot. Rental costs typically range from 20,000 to 25,000 per month for a 3-bedroom flat.

Middle-Class Residents

For middle-class residents, we recommend the following areas:

Kothrud/Paud Road, Erandwan: New home prices range from 16,000 to 22,000 per square foot, with resale prices between 10,000 and 170,000 per square foot. Rental costs typically range from 25,000 to 30,000 per month for a 3-bedroom flat. Swargate/Maharshi Nagar, Sahakar Nagar: These areas offer new home prices between 16,000 and 22,000 per square foot, with resale prices between 10,000 and 170,000 per square foot. Rental costs typically range from 25,000 to 30,000 per month for a 3-bedroom flat. Banares: New home prices range from 16,000 to 22,000 per square foot, with resale prices between 10,000 and 170,000 per square foot. Rental costs typically range from 25,000 to 30,000 per month for a 3-bedroom flat.

Other popular areas for middle-class residents include Kalyani Nagar, Yerwada/Viman Nagar, and NIBM/Kondhwa.

Conclusion

By far and wide, Pune's Boat Club Road and Prabhat Road are the places to own and be proud of. While the prices suggested here are indicative, it is important to note that actual prices can vary based on specific facilities, amenities, and location.