Looking To Rent A 1BHK Flat In Pune? Here Are 5 Localities To Explore

● Identify houses for rent keeping in mind proximity to work
● Kothrud and Wakad are good for those working in Hinjewadi
● Hadapsar and Balewadi offer a blend of work and leisure
● Secure a flat with Bajaj Finserv’s Rental Deposit Loan

Pune, the second largest city of Maharashtra, ranks number one in India in terms of ease of living. The city has a pleasant climate throughout the year and boasts of renowned educational institutions. It is also a growing IT hub and is home to tech parks and over a hundred MNCs. If you are looking to relocate to the city, you may want to rent a home in Pune for your stay. However, when scouting for a flat for rent in Pune, one of the things you’ll have to decide upon is the location, as it determines everything from your daily commute to the options you have for recreation.

To streamline your search, take a look at some of the neighborhoods you should consider when you are looking for a 1 BHK flat for rent in Pune.

Kothrud

Featured in the Guinness Book of Records as one of Asia’s fastest developing suburbs in the world, Kothrud is a viable choice for IT professionals given its proximity to the Hinjewadi Software Park. Further, it is also an option for those pursuing further studies as it is home to educational institutions like Maharashtra Institute of Technology. It offers good connectivity to Mumbai by road courtesy of a Pune-Mumbai highway. Despite being a well-developed area in Pune, you can find 1 BHK house for rent in Kothrud with a budget of around Rs.12,000 to Rs.18,000.

Wakad

Wakad is another upcoming suburb and this locality owes its rapid transformation to factors such as its proximity to Hinjewadi and the Pune-Mumbai Expressway. It serves as a good base for professionals working in IT companies like Infosys, Wipro, and TCS. The best part is that you can get a 1 BHK for rent in Pune, Wakad, for around Rs.15,000 to Rs.20,000 per month without any hassles. Additionally, if you are considering moving to Wakad with your family, you should know that the area is dotted with reputed schools and provides easy access to civic amenities.

Kharadi

If you are looking for a locality that offers quick connectivity to the airport and the railway station, Kharadi is a good pick. Moreover, it is currently considered to be a very popular area because of renowned IT parks like EON Free Zone and World Trade Center that attract a host of young professionals. Further, since Kharadi is an upcoming neighborhood, you stand a chance to get a flat for rent in Pune at a pocket-friendly rate. In fact, you can find a 1BHK flat here starting at around Rs.10,000 per month.

Hadapsar

Previously surrounded by farms, Hadapsar now offers the perfect balance between having historical tourist sites like Purandar Fort and Kanifnath Temple, and bustling IT centers and recreational avenues like SP Infocity and Amanora Park. Further, this region lies in eastern Pune and is within a few kilometers’ radii of the international airport, railway station, and Koregaon Park. Additionally, Hadapsar has reputed hospitals, schools, and other necessary civic amenities, thus offering comfortable living at an affordable price. Here, rent ranges between Rs.10,000 and Rs.20,000 for a 1BHK configuration.

Balewadi

Balewadi is the most suitable option if you are working in Hinjewadi but are looking to rent a home in Pune that’s away from the hustle and bustle of the city. This region also boasts of a mix of residential and commercial development, is home to good schools and hospitals, and promises a comfortable lifestyle. Moreover, the Pune Metropolitan Region Development Authority has plans to kickstart the Hinjewadi-Balewadi metro by 2020. However, all this makes Balewadi a slightly expensive place to stay in with the rent for a 1BHK ranging from Rs.17,000 to Rs.20,000.

Apart from these areas, other top destinations include Koregaon Park and Kalyani Nagar, which though thriving and easily accessible, are heavy on the pocket with rent crossing the Rs.25,000 mark.

Regardless of the area you choose, remember that in order to secure a 1 BHK flat for rent in Pune, you will have to pay your landlord a security deposit. The rent deposit in Pune is at least a few months’ rent, making it a big expense that can run into lakhs.

To tackle this cost and the other expenses you incur when relocating, you can take the help of a Rental Deposit Loan from Bajaj Finserv. The NBFC offers loans of up to Rs.5 lakh for a tenor ranging up to 36 months so you can pay the deposit, packers and movers, and other incidental expenses too. In order to finance your monetary needs on the go, you can also opt for the Flexi Hybrid facility. Here, you can withdraw from your sanction in parts, multiple times, as and when required. Interest is levied only on the borrowed amount, and by choosing to pay just the interest as EMIs during the tenor, you can reduce your outgo by up to 45%.

Finally, if you are moving to Pune soon and require instant financing, don’t forget to check your pre-approved offer by Bajaj Finserv. The customized deal enables you to access funds even quicker so that you can secure a great apartment for rent in Pune.