Pune: Affordable Co-Living Rentals Outshine Other Metros, Except Chennai
Co-living rentals in Pune are more affordable compared to other major metros in India, except Chennai. This is due to the lower average rent of entry-level apartments in the city, according to data from real estate services firm Colliers India.
ColivingReal EstatePuneRental PricesProperty MarketReal Estate PuneJun 04, 2025
The average co-living rent in Pune ranges from Rs 9,500 to Rs 15,700 per month, while the average rent of a premium co-living facility in a city like Bengaluru or Mumbai is Rs 23,700 and Rs 27,500 per month, respectively. The differential in rent between co-living and regular apartments for all cities is around 25-35%.
Despite being the cheaper option, availability of co-living facilities is very limited as it is a relatively untapped market. Colliers India estimated that the overall capacity of the co-living segment is very low at 3 lakh beds compared to 5 crore migrant population moving within the country. However, it is expected to grow to 10 lakh beds by 2030 as more developers enter the segment.
In Pune, developers are increasingly incorporating co-living units into standalone or mixed-use developments to cater to the growing demand, Manish Jain, president, Credai's Pune chapter, said. Co-living involves tenants sharing common facilities and spaces while having their own private rooms. It is particularly suitable for single occupants who are not immediately looking to buy a home, want to save on rent, and desire flexibility in the duration of their stay. Typically, the duration of stay ranges from eight to 12 months.
This sector has seen a rebound in Pune post-pandemic, especially during the last couple of years, with most companies from the IT sector adopting a flexible model for work from home and office, Saurabh Garg, co-founder, NoBroker, said. Co-living is mostly favoured among the service industry-intensive areas, such as Hinjewadi and Kharadi, on the western and eastern sides of the city, and in some pockets, including Vimannagar and Kalyaninagar. Besides single professionals, industry experts expect demand from postgraduate students, as not all educational institutes can accommodate the increasing number of students in their hostels.
Rising migration to the top metro cities and the growing preference of white-collar workers for professionally managed spaces are also driving growth in the co-living sector. With over 1,400 colleges and thriving job opportunities in areas like Hinjewadi, Kharadi, and Chakan, the city continues to attract young professionals and students aged 25–35. For this segment, co-living offers an ideal solution that is affordable, well-maintained, and in preferred locations, said Jain.
Frequently Asked Questions
What is the average co-living rent in Pune?
The average co-living rent in Pune ranges from Rs 9,500 to Rs 15,700 per month.
How does Pune's co-living rent compare to other metros?
Pune's co-living rent is more affordable compared to other major metros in India, except Chennai.
What is the expected growth in the co-living segment by 2030?
The co-living segment is expected to grow to 10 lakh beds by 2030 as more developers enter the market.
Which areas in Pune are popular for co-living?
Co-living is popular in service industry-intensive areas such as Hinjewadi and Kharadi, as well as in pockets like Vimannagar and Kalyaninagar.
Who are the primary users of co-living facilities in Pune?
Co-living facilities in Pune are primarily used by single professionals and postgraduate students, particularly those aged 25–35.
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