Pune Top 10 Affordable Localities: Cheapest Place to Live in Pune for Budget Homebuyers and Renters

Pune, 24th May 2025: Pune, Maharashtra’s second most popular city, is renowned as a major center for education and a rapidly growing IT and industrial hub. This vibrant city attracts thousands of students and professionals every year, fueling a sharp rise in housing demand. As a result, Pune’s property market has seen prices soar, much like Mumbai, but there remain several neighborhoods where affordable living is still possible. For those seeking value, connectivity, and quality of life, here are the top 10 most affordable localities in Pune.

Pune’s Top 10 Most Affordable Localities:

1) Katraj
– Why it’s affordable: Near National Highway 4, close to Rajiv Gandhi Zoological Park and Katraj Lake
– Ideal for: Students, working professionals, businesspeople
– Housing: Reasonably priced residential flats

2) Hinjawadi
– Why it’s affordable: Largest IT hub in Pune, rapid development
– Ideal for: IT professionals, students
– Housing: Affordable shared accommodations and PGs

3) Dhankawadi
– Why it’s affordable: Home to prestigious colleges
– Ideal for: Students
– Housing: Affordable PGs and shared flats

4) Warje
– Why it’s affordable: Near Mutha River, 12 km from city center
– Ideal for: Families, professionals
– Housing: Budget-friendly rental options

5) Bhosari
– Why it’s affordable: Major industrial area (Tata Motors, Thermax)
– Ideal for: Industrial workers
– Housing: Low-cost homes near industry

6) Phugewadi
– Why it’s affordable: Near Mumbai-Pune Expressway
– Ideal for: Commuters
– Housing: Affordable residences

7) Lohgaon
– Why it’s affordable: Near Pune Airport, major highways
– Ideal for: Frequent travelers, professionals
– Housing: Low-cost housing with great connectivity

8) Wagholi
– Why it’s affordable: Connected to Pune-Ahmednagar highway
– Ideal for: Families, professionals
– Housing: Budget-friendly homes

9) Kharadi
– Why it’s affordable: In eastern Pune, popular for families
– Ideal for: Families, young professionals
– Housing: Affordable rentals

10) Chakan
– Why it’s affordable: Along Nashik-Pune Expressway
– Ideal for: Those seeking value
– Housing: Luxurious homes at low prices

Why Pune Is a Top Destination for Affordable Living

Pune’s blend of educational excellence, booming IT and industrial sectors, and expanding infrastructure makes it a magnet for homebuyers and renters. The city’s affordable localities provide not just low-cost housing, but also excellent connectivity, modern amenities, and a high standard of living. For those seeking the cheapest place to live in Pune, these top 10 localities offer unbeatable value for money.