From Rent to Groceries: The Real Cost of Living in Pune

Posted On June 4, 2024

In the heart of Maharashtra, lies Pune, a city renowned as the “Oxford of the East” for its esteemed educational institutions, rich cultural heritage, and thriving IT industry.

Pune’s magnetic appeal extends to students, professionals, and retirees alike, making it a hub of diversity and opportunity. For those considering a new life chapter in Pune, understanding the city’s cost of living is essential.

This blog offers a detailed exploration of Pune’s cost of living, covering housing, transportation, food, healthcare, education, and entertainment to provide a comprehensive insight for prospective residents.

Housing Costs

Housing is one of the major expenses for residents in Pune. The city offers a wide range of accommodation options, from luxurious villas to affordable apartments.

Rental properties suitable for various budgets are available, with monthly rents typically ranging from Rs 8,000 to Rs 60,000, depending on factors such as location and size.

Consideration of factors like location, amenities, and accessibility to work and educational institutions is crucial as they significantly influence rental prices.

Rent Costs

• One Bedroom Hall Kitchen (1 BHK): Monthly rent for a 1 BHK apartment ranges from ₹8,000 to ₹17,500.
• Two Bedroom Hall Kitchen (2 BHK): A 2 BHK apartment typically costs between ₹17,500 to ₹25,000 per month.
• Three Bedroom Hall Kitchen (3 BHK): For larger families, a 3 BHK apartment might cost between ₹25,000 to ₹60,000 per month.
• Paying Guest (PG): PG accommodations are also popular, with rents ranging from ₹7,000 to ₹17,000 per month.

Areas to Consider

Your lifestyle and costs can significantly change depending on where you choose to live in Pune.

While more reasonably priced communities like Waghori-Bakori and Bhugaon offer options that are more affordable, posh areas like Koregaon Park and Kothrud offer first-rate living experiences with first-rate amenities.

The city also offers some of the greatest PG lodgings for both professionals and students in areas like Kharadi and Narhe.

• Posh Areas: Koregaon Park, Kothrud, Shivaji Nagar, Magarpatta area, Ashok Nagar, Sangamwadi, and Viman Nagar.
• Affordable Areas: Waghori-Bakori, Bhugaon, Pune-Mumbai Expressway, Undri-Pisoli, Hadapsar, Katraj, and Akurdi.
• Best PGs: Kharadi, Narhe, Baner, Karve Nagar, Wadgon Sheri, Tahawada, and Wakad.

Utility Costs

While creating a housing budget in Pune, utility costs are yet another important factor to consider.

The average monthly cost of basic utilities, such as garbage disposal, water and electricity, heating, cooling, and power, is around Rs 2,000 to Rs 3,000.

You should also account for the cost of internet and mobile plans, which can vary from Rs 200 to Rs 1,500 per month based on usage and plan.

• Basic Utilities (Water, Heating, Cooling, Electricity, Garbage): ₹2,000 – ₹3,000 per month.
• Prepaid Mobile Tariff: ₹200 – ₹500.
• Internet (Unlimited Data, Cable/ADSL): ₹500 – ₹1,500.

Transportation Costs

Getting around Pune is convenient due to the variety of transportation options available. Public transportation is affordable, with one-way tickets ranging from Rs 15 to Rs 50.

For regular commuters, monthly passes are available for Rs 600 to Rs 2,000.

If you prefer taxis or personal vehicles, it’s important to budget for fuel and taxi fares, which can vary based on distance and waiting times.

Public Transport:

• One-way Ticket (Local Transport): ₹15 – ₹50.
• Monthly Pass (Regular Price): ₹600 – ₹2,000.

Auto-rickshaws and Taxis:

• Taxi Start (Normal Tariff): ₹30 – ₹100.
• Taxi 1km (Normal Tariff): ₹12 – ₹30.
• Taxi 1hour Waiting (Normal Tariff): ₹60 – ₹200.

Personal Vehicles:

• Gasoline (1 litre): ₹90 – ₹100.

Food and Grocery Costs

Your lifestyle and dietary preferences can have a big impact on how much food and groceries cost in Pune.

While grocery stores and neighbourhood markets provide reasonably priced options for everyday necessities, eating out can offer anything from low-cost meals to elegant dining experiences.

You can effectively organize your monthly food budget by being aware of these expenses.

Groceries

• Milk (regular), (1 litre): ₹50 – ₹60.
• A loaf of Fresh White Bread (500g): ₹25 – ₹50.
• Rice (white), (1kg): ₹45 – ₹60.
• Eggs (regular) (12): ₹60 – ₹70.
• Local Cheese (1kg): ₹400 – ₹500.
• Chicken Fillets (1kg): ₹200 – ₹300.
• Apples (1kg): ₹145 – ₹200.
• Banana (1kg): ₹50 – ₹60.
• Oranges (1kg): ₹90 – ₹100.
• Tomato (1kg): ₹30 – ₹40.
• Potato (1kg): ₹40 – ₹60.
• Onion (1kg): ₹35 – ₹50.
• Lettuce (1 head): ₹40 – ₹50.
• Water (1.5-liter bottle): ₹15 – ₹20.

Dining Out

• Meal, Inexpensive Restaurant: ₹100 – ₹400 per person.
• Meal for 2 People, Mid-range Restaurant, Three-course: ₹600 – ₹1,500.
• McMeal at McDonald’s (or Equivalent Combo Meal): ₹250 – ₹350.
• Cappuccino (regular): ₹60 – ₹250.
• Coke/Pepsi (0.33-liter bottle): ₹25 – ₹60.
• Water (0.33-liter bottle): ₹15 – ₹20.

Healthcare Costs

Healthcare expenses in Pune can fluctuate significantly based on the choice between public and private healthcare services.

Public hospitals provide more affordable care, while private clinics and hospitals may have higher fees.

It’s important to allocate funds for routine check-ups, unexpected medical circumstances, and health insurance to guarantee access to high-quality healthcare.

Consultation Fees:

• General Practitioner: ₹300 – ₹500 per visit.
• Specialist: ₹500 – ₹1,500 per visit.

Hospitalization:

• The cost of hospitalization in private hospitals varies widely but generally starts at ₹10,000 per day, including room charges, doctor fees, and basic treatments.

Health Insurance:

• A comprehensive health insurance policy for a family of four can cost between ₹15,000 to ₹50,000 annually, depending on the coverage and the insurer.

Education Costs

In Pune, you’ll find a diverse range of educational institutions, catering to various levels of schooling and higher education.

The expenses for education can fluctuate depending on the type of institution and the level of education.

Whether it’s private preschools or international schools, it’s important to plan for tuition fees and other associated costs to facilitate a seamless educational experience for your children.

Schooling:

• Preschool or Kindergarten, Full Day, Private, monthly for 1 Child: ₹5,000 – ₹6,000.
• Primary Schools: ₹7,000 – ₹10,000 annually.
• International Primary School, yearly for 1 Child: ₹1,00,000 – ₹2,00,000.

Higher Education:

Tuition fees for undergraduate programs at private colleges and universities range from ₹1 lakh to ₹5 lakhs per year, while government institutions are relatively more affordable.

Entertainment and Leisure Costs

When it comes to leisure and entertainment, Pune offers a wide range of activities to cater to diverse interests.

Whether you’re into movies, fitness, or sports, there’s something for everyone.

Movies and Theatres:

• Cinema, International Release, 1 Seat: ₹200 – ₹400 per person.

Fitness and Sports:

• Fitness Club, Monthly Fee for 1 Adult: ₹600 – ₹3,000.
• Tennis Court Rent (1 Hour on Weekend): ₹200 – ₹1,000.

Clothing Costs

The cost of clothing can fluctuate depending on your preference for branded or local items.

On average, a good pair of jeans may range from ₹2,000 to ₹3,000, while a summer dress from a chain store can vary between ₹2,000 to ₹4,000.

It’s important to consider footwear and accessories as well when budgeting for clothing expenses.

• 1 Pair of Jeans (Levis 501 Or Comparable): ₹2,000 – ₹3,000.
• 1 Summer Dress in a Chain Store (Zara, etc.): ₹2,000 – ₹4,000.
• 1 Pair of Adidas Walking Shoes (Mid-Range): ₹3,000 – ₹4,000.
• 1 Pair of Men Leather Business Shoes: ₹2,000 – ₹3,000.

Pune is a city that offers a diverse range of opportunities and experiences, catering to different lifestyles.

It’s important to understand the key expenses, such as housing, transportation, food, healthcare, education, and entertainment, to effectively plan your finances.

By budgeting wisely for these expenses, residents and newcomers can fully enjoy Pune’s offerings without straining their finances.

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