Punawale is a fast-growing residential locality in west Pune, located 2–3 km from Hinjewadi IT Park Phase 3 (Cognizant, IBM, HCL). It offers the most affordable 2BHK options in the Hinjewadi corridor — rents from ₹13,000/month and resale from ₹40 lakh — making it ideal for first-time homebuyers and IT professionals seeking value-for-money housing close to work.
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Punawale is a fast-growing residential locality in west Pune, located just 2–3 km from Hinjewadi IT Park Phase 3. It offers significantly lower property prices compared to Wakad and Baner, making it the top choice for first-time homebuyers and IT professionals seeking value-for-money housing.
Punawale's position along the Hinjewadi-Wakad corridor gives residents access to both the IT hub and the expressway in under 10 minutes. With several large township projects launched since 2020, the area is rapidly developing its social infrastructure.
Rajiv Gandhi Infotech Park Phase 3
~2.5 kmNewest IT phase — Cognizant, IBM, HCL campuses
Rajiv Gandhi Infotech Park Phase 1
~5 kmInfosys, Wipro, TCS — via Hinjewadi-Wakad Road
Quadron Business Park
~3 kmEuroSchool Punawale
Most accessible school within the locality
Indira National School, Punawale
~1.5 kmOrchid School, Baner-Wakad Road
~3 kmLifepoint Multispeciality Hospital
~3 km24x7 emergency — nearest major hospital
D Y Patil Hospital, Pimpri
~5 km500+ bed facility
Hinjewadi Metro Station (Purple Line Extension)
Expected 2027 — 2 km from Punawale, reducing commute to Shivajinagar significantly
| Type | BHK | Price Range | As of |
|---|---|---|---|
| rental | 1 BHK | ₹9K – ₹14K/mo | May 2026 |
| rental | 2 BHK | ₹13K – ₹21K/mo | May 2026 |
| rental | 3 BHK | ₹21K – ₹33K/mo | May 2026 |
| resale | 2 BHK | ₹40L – ₹65L | May 2026 |
| resale | 3 BHK | ₹60L – ₹95L | May 2026 |
Looking beyond Punawale? Browse properties in these nearby localities.
Locality data last reviewed: 20 May 2026