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There is a moment in every rising real estate market when smart money moves quietly. This is before the hoardings go up before the brochures flood your inbox and before the price list gets revised upward. In Pune that moment is called pre-launch. If you have been watching the market you already know that June 2026 is a window that investors will look back on years later and say, I should have moved then.
Pune has changed a lot. It is not just Indias Oxford of the East or a sleepy retirement town anymore. By 2026 Pune will have over 1,500 IT and tech companies in areas like Hinjewadi, Kharadi and Baner. These companies are bringing in high-income professionals, which keeps the demand for housing. The Pune Metro expansion, the Hinjewadi-Shivajinagar Line 3 has already increased property prices by 15 to 20% along its route. The proposed 170-km Pune Ring Road is changing the investment map of the citys periphery. Pre-launch projects in Pune are at a price point: before the prices go up but after they have gained credibility.
This blog will tell you about the five pre-launch projects in Pune that you should consider this month. It will explain what these pre-launch projects offer, where they are located and why buying into them early can be an idea. The pre-launch projects, in Pune can give you an advantage if you invest in them now.
Before we start looking at projects it is helpful to know about the benefits that come with investing in something before it is launched.
Developers usually sell units before they are launched for 15 to 25% less than they will cost when they are finished. They are not doing this to be nice. They need money to pay for things like getting approvals and starting construction. They use lower prices to get that money quickly. For the person buying this means they get a price than they would if they waited until the project was finished. In a place like Pune, where the value of property is going up by 8 to 15% every year getting a price now can make a big difference over the next 3 to 5 years.
Another good thing about investing in something before it is launched is that you can often pay for it in parts. Sometimes you only need to pay 10% of the price to start. This makes the idea of investing in something before it is launched attractive. You are basically getting to be a part of a market that is going up without having to pay the price.
Course there are risks. Projects are not yet completely approved and things can get delayed. It is very important to make sure the person building the project is trustworthy and that they are following all the rules. The projects listed below were chosen because they are being built by people we trust they are, in locations and they are offering good deals to people who invest early.
Godrej Properties is a known name in the Indian real estate market and their Mahalunge project is doing very well in west Pune. This project is located in an area that is close to Baner, Hinjewadi and the Mumbai-Pune Expressway. What is really special about Mahalunge is that it has a lot of space which is hard to find in Punes western corridor.
Godrej Hillside 2 is a part of the original Hillside project that will have 2 and 3 bedroom apartments in mid-rise buildings. These buildings are designed to take advantage of the beauty of the area with plots that are elevated and face the Sahyadri foothills. If you invest in Godrej Hillside 2 before it launches you can get a unit for 8 to 10% less than the price that will be announced when it launches. You can expect to get the keys to your unit by 2028. Godrej Properties has a history of making their investors happy with property values going up by 15 to 20% within three years of the project being completed.
One thing that makes Godrej Hillside 2 really interesting now is that it is close to Metro Line 3. When the metro is fully running it will be easy for people who live in Mahalunge to get to the IT park in Hinjewadi which will make a lot of people want to rent apartments in this area. So if you are thinking about investing in Godrej Hillside 2 you should think about when you want to invest, not the project itself. Investing before the project launches is an idea.
The deal for investors is very good. You can book a unit with 10% of the price and you do not have to pay the rest of the money all at once. You can pay it in parts as the building is being constructed.. If you are one of the first 30 people to book a unit you will not have to pay extra for a unit, on a higher floor.
Kharadi seems like a place to invest in Pune right now. It has rental income and also has room for growth. This area has EON IT Park and the World Trade Centre which’re big corporate and IT hubs. Many new offices are coming up. People are taking them up quickly. The airport is also nearby which makes it more attractive.
The Riverdale project by Kohinoor Group in Kharadi is now open for booking. It has 2 and 3 BHK flats with areas ranging from 700 to 1,050 feet. Kohinoor Group is a known developer in Pune and they tend to sell out their projects fast. Riverdale is located near the Mula River, which makes it a nice and green place to live in a commercial area.
In Kharadi you can get an income of 3.5 to 4%. A 2 BHK flat can fetch you ₹35,000 to ₹45,000 per month. If you book now you can get a deal. Kharadi is a place to invest if you want regular rental income and also want your investment to grow over 5 to 7 years. The Riverdale project is an option to consider.
There’s an offer for early birds. If you book now you get a discount of ₹300 per foot. You also get a payment plan and a free modular kitchen, for the first 50 bookings.
Hinjewadi is the place to be for technology in Pune. The Rajiv Gandhi Infotech Park is really big. Has three phases with over 230 companies like Cisco, Capgemini, Infosys and Wipro. The price of land here has gone up a lot, 120 percent in the last five years. This makes it a good place to invest in.. It is getting harder to get in because the prices are going up. That is why the pre-launch of VJ Eternitys Phase 2 is a deal.
Vilas Javdekar Developers is a known name in Pune and they are starting Phase 2 of their Eternity project. It is 800 metres from Hinjewadi Phase 1. The first phase was done well which is good to know when you are thinking about investing. Phase 2 will have one, two and three bedroom apartments with carpet areas between 480 and 920 feet. This is good for people who want to rent out their apartments and for families who want to buy a home.
The new Metro Line 3 station is going to be very close to the project. This is the important thing that will make the price of the apartments go up. We have seen that properties near the metro station in Pune have already gone up in price by 15 to 20 percent. If you get into Eternity Phase 2 before the metro station is built you can get a deal.
The good thing about this deal is that you can book your apartment before it is officially launched and get a 12 percent discount. You also do not have to pay the amount now you can pay 10 percent now and the rest when you get the apartment. This is a good option, for people who are investing in many things at the same time.
The Kohinoor Riverdale is for people who want to live in a place near the river in Kharadi.. Vascons Forest Edge Phase 2 is different. It is about living with nature in the same area of east Pune that everyone wants to live in. Vascon Engineers is a known company in Pune that has built many things before like Forest County and Windermere.
Forest Edge Phase 2 is like the one but now they are selling 2 and 3 bedroom apartments. They want to make sure people have a lot of space and can see the forest from their homes. The apartments are big from 750 to 1,100 feet. This project is for people who want to live in Kharadi but do not want to feel like they are living in a city.
If you are thinking about investing in Forest Edge Phase 2 it is an idea because Kharadi is a great place to live. It is close to the airport, which’s important for people who travel a lot. Vascon is a company that builds nice things so people will pay more to live there. This means you can sell your apartment for a price later.
If you buy an apartment now you can get a deal. You will get a discount of ₹250 per foot if you are one of the first 40 people to buy. You can also choose which floor you want to live on and pay for your apartment, in parts over 30 months. You only have to pay 20% of the price when you book your apartment.
When you are making a list of places to buy in Pune before they are launched you have to include something in the Baner-Balewadi area. The Lodha Groups Giardino project is an example of this. It is a premium project that is meant for a kind of investor.
Baner is not a place for IT people like Hinjewadi is. It is a mix of being close to Hinjewadi and Kharadi and having a place to live. This makes it perfect for IT professionals, people who start their own companies and families from other countries who want more than just a place that is easy to commute to. In Baner you have schools, restaurants that serve all kinds of food, malls and hospitals. All these things make life easy. The price of houses in Baner is around ₹9,000 to ₹13,000 per foot. This is because the area has a lot of things that people want.
Lodha Giardino is a project that uses a garden design. It has houses with 3 and 4 bedrooms in a small tower with a lot of amenities. The area around Baner is good for office space. Can give a return of 7 to 9%. The people who live here are rich so it is easy to sell your house if you want to. Lodha is an well-known developer so they can sell houses quickly and for a good price.
If you have a bit money and you do not just want to rent out your house but you want to own a nice house that will increase in value over time then Lodha Giardino is a good choice. Especially when you can buy it before it is launched.
There is a deal for people who buy early. The price is 15% less, than what you would pay for a house that is already built in Baner. And there is a plan where the developer pays your loan until you get the house so you do not have to pay anything until you move in.
Let us look at the long term investment case with numbers because this is where the effect of compounding becomes very clear.
An investor buys a 2 BHK flat in Tathawade in 2026 for ₹80 lakhs. The cost of buying the flat including all costs is about ₹87 lakhs. The flat earns an income of ₹20,000 per month which is a reasonable estimate for this area or ₹2.4 lakhs per year. This means the investor gets 3 percent return on the ₹80 lakh property price.
Over 10 years if the property value increases by 8 percent every year it will be worth about ₹1.73 crores, which’s more than double the price the investor paid. The rental income over 10 years is ₹24 lakhs. So the total return on investment is ₹1.17 crores, which’s the increase in property value of ₹93 lakhs plus the rental income of ₹24 lakhs. When we subtract the tax on the increase in property value the investor gets about ₹1.05 crores over 10 years which’s about 120 percent return on the investment or about 8.3 percent per year.
This is an estimate. If the investor chooses an area like Punawale or Tathawade where property values have increased by 39 to 43 percent in 5 years the return on investment could be much higher over 10 years. Also the rental income will increase every year not stay the same.
Now let us compare this to the case where the investor buys the property and sells it after a time. The investor buys the property for ₹87 lakhs. Sells it after 18 months for ₹92 lakhs, which is a 6.25 percent increase in price. After paying tax on the increase in price and the cost of selling the property the investor gets a profit of about ₹1.7 to ₹2.1 lakhs on an ₹87 lakh investment over 18 months. This means the investor gets about 1.5 to 1.9 percent return per year which’s less than what the investor would get from a savings account and much less than the return on investment if the property is held for a long time. For the investor to get a return on investment in a short time the property value must increase much faster than the average rate, in Pune, which is possible but not always certain.
The things that are making Punes real estate market move now are not happening by chance. The Metro Line 3 is getting closer to being fully ready IT companies are growing fast in Hinjewadi and Kharadi and the Pune Ring Road is being built in parts. People are still buying properties that cost between ₹70 lakhs and ₹2 crores even though they are careful about prices and the market does not have many unsold properties and people are buying to live in them.
Some new areas like Wakad, Balewadi and Mamurdi are seeing property prices go up by 8 to 12% every year. Areas like Kharadi and Baner that are already popular are giving rental income and the property prices are also going up. Punes property market is a place to invest because not many properties are empty and many professionals are moving to the city. If you buy a property before it is launched you can get returns because the price will be lower.
If you buy a property early you are not just getting a price. You are buying into a market where many new infrastructure projects and jobs are being created. This will make the property price go up. This is the time to invest in Punes real estate market and the five projects mentioned are good options.
Move early. Make an informed decision. In two to three years you will look back at June 2026. Think it was a good time to invest, just, like people who invested in 2020 think it was a good decision.
A pre-launch project is one that the developer announces before obtaining all the necessary regulatory and government approvals. Pricing at this stage is the lowest in the project’s lifecycle typically 15 to 25% below the official launch price. A new launch, by contrast, is a project that has received its key approvals and is being formally offered to the market with a registered RERA number. Pre-launch carries slightly higher risk (approvals can be delayed) but offers meaningfully better pricing. New launches offer more regulatory certainty but at a higher starting price.
The most important step is to check the project’s status on the MahaRERA portal (maharera.mahaonline.gov.in). While pre-launch projects may not yet have their RERA registration, you can verify the developer’s existing registered projects and their track record. Additionally, confirm the land title and ownership documents, check for environmental clearances, and verify the developer’s history of on-time delivery for previous projects. Engaging a qualified real estate lawyer for title due diligence before paying any booking amount is strongly advisable.
Budget 2026 made no changes to the LTCG framework on property. The rate remains 12.5 percent without indexation for properties acquired on or after 23 July 2024. For properties acquired before that date, taxpayers have the option to choose between 12.5 percent without indexation or 20 percent with indexation, whichever results in the lower tax liability a grandfathering provision specific to pre-July 2024 acquisitions.
It is as safe as the developer and location you choose. Pune has a large number of credible, RERA-registered developers with strong delivery track records. Pre-launch investment with such developers carries manageable risk, especially when done via construction-linked payment plans that tie your payments to actual construction milestones. The risk increases significantly with smaller or newer developers and in peripheral locations without established infrastructure. The five projects in this blog are specifically selected from established developers in high-demand corridors to minimise that risk.
An early bird deal refers to the special pricing, discounts, or benefits such as reduced per-square-foot rates, waived charges, complimentary fit-outs, or flexible payment plans that developers offer to the first set of buyers in a pre-launch or new launch phase. These deals are designed to generate early sales momentum and initial capital. They typically last until a certain number of units are sold (often the first 30 to 50 bookings) or until the developer moves to the official launch phase. Once the project is publicly launched and demand is established, these incentives are withdrawn and pricing moves up.
This depends heavily on location and developer, but data from Pune’s active corridors gives a reasonable benchmark. Properties in Hinjewadi have seen land prices jump approximately 120% over five years. Metro-adjacent properties have appreciated 15 to 20% since the announcement of Line 3 stations. Emerging micro-markets like Wakad and Balewadi are seeing 8 to 12% annual appreciation. For a well-selected pre-launch project, the combination of below-market entry pricing (10 to 15% discount) plus annual market appreciation (8 to 15%) over a three-to-five-year holding period can compound into a total return that significantly outperforms other asset classes over the same period.
Yes. Non-Resident Indians (NRIs) are fully eligible to purchase residential properties in India under FEMA (Foreign Exchange Management Act) regulations. Pune is, in fact, one of the most preferred NRI investment markets in the country, partly due to its strong developer ecosystem and partly because many NRIs have family connections to the city. NRIs can repatriate sale proceeds after paying applicable taxes. It is advisable for NRI buyers to engage a power of attorney holder in India for document execution and to consult a CA familiar with NRI taxation for structuring the purchase efficiently.
Disclaimer: Property prices mentioned are indicative based on market research as of 2024–25 and may vary based on project, floor, and amenities. Please contact our team for current pricing and availability.
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