Pune: Cost Of Living

Pune is among India’s fastest developing and most pleasant cities. Despite being only a few hours away from Mumbai, the prices are cheaper here. It is even less pricey than Delhi, offering it a cheaper place to reside. However, when comparing the living costs in Pune to Bangalore, Chennai, Hyderabad, and other southern cities, the prices for residing here may appear to be greater.

The total cost of living in the city is determined by a variety of aspects such as lodging type, location, and many more. Examine the average rent for:

  • Students and bachelors: The living cost in Pune for a bachelor or student is cheaper than in other major cities such as Mumbai or Delhi. For a monthly rent of 15,000, you may locate a 1 BHK in Kothrud or Wakad.
  • Couples: If you and your spouse wish to live in a posh neighbourhood like Koregaon Park or Viman Nagar, the cost of living would be exorbitant. In these wealthy districts, a leased 1 BHK costs between 20,000 and 25,000 per month.
  • Family with children: You may require a two-bedroom apartment to live modestly with your spouse and children. Monthly rent for a 2 BHK in trendy areas like Koregaon Park ranges between 30,000 and 45,000. In Kothrud, you may acquire a comparable effect for a monthly rent of 20,000 to 30,000. A two-bedroom apartment in Vishal Nagar or Wakad may be found for 20,000 to 25,000.

Variables that affect the cost of living in Pune

Here is a breakdown that demonstrates how many variables affect your overall living costs in Pune.

  1. Arrangements

The monthly rent for a house is determined by its location and size. If you want to stay in an upscale location in Pune, such as Koregaon Park or Viman Nagar, you will have to spend a premium price. Rent for a one-bedroom apartment in these locations can range between 20,000 and 25,000 per month. A 2 BHK may cost between 30,000 and 45,000 per month.

There are several suburban areas in which the rent is relatively reasonable. Kothrud, Asia’s fastest-growing neighbourhood, is located in Pune. A 1 BHK may be rented for roughly 15,000 per month, while a 2 BHK can be rented for 20,000 to 30,000 per month. Wakad, Vishal Nagar, and Hadapsar are some more areas where rent is reasonably priced. 

  1. Journeying

Pune’s transit system is not appropriate for regular commuters. A monthly bus pass to commute within the city costs between $580 and $1,500, yet the buses still do not serve all neighbourhoods. On a contrary, the majority of city dwellers choose vehicles for their everyday journey, leading to traffic jams. Taxis and rickshaws are other options for transportation. If you want to take advantage of these options, you can set aside 2,500 each month. One point worth mentioning is that work on the Pune Metro train system is moving quickly. Transportation difficulties will be addressed to a certain degree once it is functioning.

  1. Food

When you’re used to placing meals from restaurants daily, this is the most suitable solution and will probably cost $6,000 per month. Pune, unlike Mumbai, has ‘Dabbawalas.’ For a monthly fee of 4,000, you may use their meal delivery service. You might also try cooking your meals or employing a chef. A housekeeper and a cook will cost you between $3,000 and $5,000 each month.

  1. Groceries

If you prefer to cook at home, groceries will increase your Pune living expenditures, but it will still be less expensive than dining out often. Normal foods are slightly more costly in Pune than in other cities, but you can simply get them brought to your house. Monthly grocery might range between $4,000 and $6,000 based on your food patterns.

  1. Schooling for children

The average residential cost in Pune for parents is determined by their children’s educational costs. A typical pre-school may charge roughly 2,500 per month, whereas a reputed institution may charge over 8,500 per month. There are also several foreign schools in the city, with annual prices ranging from 60,000 to 2 lakh.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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