When it comes to real estate investment in Pune, rental yield—a measure of annual rent income generated relative to property value—is key to evaluating returns. In 2025, Pune’s average gross rental yield stands at around 5.24%, above the national average of ~4.84%. But some neighborhoods punch above this mark, especially prime suburban hubs. Let’s dive into the top five rental yield hotspots, with a detailed comparison between Baner and Wakad—two of Pune’s most sought-after locations.
Top 5 High Rental-Yield Localities in Pune (2025)
Based on recent market data:
- Wakad – ~4.8% to 5.2%
- Hinjewadi – ~5.5% to 6%
- Kharadi – ~4.5% to 5.5%
- Viman Nagar – ~4.5% to 5%
- Baner – ~4.2% to 4.8%
Wakad leads among residential suburbs in gross rental yield, while Baner stays strong as a premium catchment for IT professionals and families.
Baner: 3.5%–4.8% Yield
- Rental Yield Range:
- FirstPremises: 3.5%–4%
- Bramha Realty: 4.2%–4.8%
- FirstPremises: 3.5%–4%
- Why Investors Like Baner:
- IT proximity (Hinjewadi ~4 km away) ensures steady tenant demand.
- Lifestyle draws—cafés, eateries, boutique fitness studios—boost rental appeal.
- Strong capital appreciation: annual growth ~10%+ .
- IT proximity (Hinjewadi ~4 km away) ensures steady tenant demand.
- Market Snapshot:
- 2 BHK rents: ₹28,000–45,000/month
- Property prices: ₹11,000–17,000 per sq. ft.
- 2 BHK rents: ₹28,000–45,000/month
Example:
- A 900 sq. ft. flat at ₹13,000/sq. ft. (₹1.17 crore) rents for ₹32,000/month → about 3.3% gross yield.
- Market conditions can lift yields towards ~4.5%, especially in premium pockets.
Wakad: 4.8%–5.2% Yield
- Rental Yield: Bramha Realty: 4.8%–5.2%
- Supporting insights:
- National average 3–4% for Wakad, but selective pockets outperform.
- Lodha reports ~10% rental yield—likely referring to premium projects.
- Popular with IT workers from Hinjewadi, strong infrastructure, and mid-range pricing.
- National average 3–4% for Wakad, but selective pockets outperform.
- Market Snapshot:
- Property prices: ₹9,000–14,000 per sq. ft.
- 2 BHK rents: ₹22,000–35,000/month
- Property prices: ₹9,000–14,000 per sq. ft.
Example:
- 900 sq. ft. flat at ₹11,000/sq. ft. (₹99 lakh) rents for ₹30,000/month → ~3.6% yield baseline.
- In premium inventory, yields approach or exceed 5%, due to balanced pricing and rent demand.
Why Wakad Typically Outpaces Baner on Yield
- Affordable Price Point: Lower per sq. ft. cost means rents make up a higher percentage of property value.
- Steady Tenant Demand: Proximity to Hinjewadi attracts transient IT workforce needing flexible monthly housing.
- Volume & Turnover: Wakad sees frequent rental turnover—key for optimizing gross yield before vacancy or brokerage overhead.
Comparative Yield Snapshot
| Locality | Avg. Price (₹/sq.ft.) | Rent Range (2 BHK) | Estimated Yield |
| Baner | 11,000–17,000 | ₹28 – ₹45k | 3.5%–4.8% |
| Wakad | 9,000–14,000 | ₹22 – ₹35k | 4.8%–5.2% |
| Hinjewadi | 8,000–12,500 | ₹25 – ₹40k | 5.5%–6.0% |
| Kharadi | 10,000–16,000 | ₹30 – ₹45k | 4.5%–5.5% |
| Viman Nagar | 12,000–18,000 | ₹35 – ₹50k | 4.5%–5.0% |
Note: Yields assume gross figures; net returns will be ~1.5–2% lower after maintenance, brokerage, and downtime.
What Makes a Location Yield Well?
- Ideal Pricing + Rent Potential: More affordable inventory with solid rental demand = higher yield (e.g., Wakad).
- Tenant Profile: Young IT professionals (Hinjewadi, Wakad, Kharadi)—often corporate-sponsored rent—means stability.
- Supply Constraints: Limited new inventory keeps rents firm; gated communities or premium projects amplify this.
- Amenities & Connectivity: Strong infrastructure (schools, malls, metro access) supports both rent and resale value.
Targeting the Right Tier: Yield vs. Appreciation
- Maximizing Yield (Cash Flow):
- Go for Wakad or Hinjewadi, where prices are modest and rents high.
- Go for Wakad or Hinjewadi, where prices are modest and rents high.
- Growth + Yield Balance:
- Baner and Kharadi offer respectable ~4–5% yield, plus 10–13% annual capital appreciation.
- Baner and Kharadi offer respectable ~4–5% yield, plus 10–13% annual capital appreciation.
- Premium Living + Yield:
- Viman Nagar balances high rent with capital growth in a convenient, family-friendly environment.
- Viman Nagar balances high rent with capital growth in a convenient, family-friendly environment.
Investment Tips for High-Yield Rentals
- Focus on 1–2 BHK units: These attract higher per-sq-ft yields than larger flats.
- Furnish Strategically: A furnished unit can fetch 15–20% more rent and qualify for corporate rentals.
- Be Close to IT or Transport Links: Metro line expansion and IT parks drive efficiency and demand.
- Manage Vacancy: Block allocation and responsive maintenance reduce income loss.
- Structure Finances Wisely: Use this data-driven yield analysis to justify EMIs and ROI projections to lenders.
Suggested Investor Profiles
- Yield-Focused: A ₹1 crore flat in Wakad yields ₹5 lakh annually—good for stable income without speculation.
- Growth + Yield: A ₹1.5 crore flat in Baner yields ₹4.5 lakh/yr, while gaining 12%+ in capital value.
- Balanced Play: Viman Nagar offers ₹4–5 lakh yield with strong long-term appreciation—ideal for longer holds.
Final Take
- Wakad: Strongest rental yield among Pune suburbs (~4.8–5.2%). Ideal for investors seeking steady cash flow.
- Baner: Slightly lower yields (~3.5–4.8%) but backed by premium pricing and vibrant lifestyle culture.
- Hinjewadi, Kharadi, Viman Nagar: Offer balanced yield and growth, each with distinctive tenant appeal.
If your aim is consistent rental returns, Wakad leads the pack. But if you’re okay with slightly lower yield for higher growth prospects, Baner, Kharadi, and Viman Nagar are smart bets. Choose your neighborhood based on priority: cash flow vs. capital appreciation.
Source : fulinspace.com