Cost of living in Pune: Here’s a guide on average rent and other monthly expenses

[ecis2016.org] The cost of living in Pune, will depend a lot on the location and type of home ownership. We have compiled a list of some basic expenses that contribute to living cost in Pune

The cost of living in Pune for a resident, primarily depends on the location of residence and type of home ownership. The Pune cost of living includes cost involved in commuting between one’s office and home depends on how far the residence is from your office, as public transportation is quite limited in Pune. Cost of living is an important factor that home seekers often consider when moving to a new city.

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ecis2016.org News has compiled a detailed list of expenses that you are likely to incur, to support a decent lifestyle in a city like Pune. The Pune living cost includes all the major expenditures that you have to pay for if you are staying alone, with friends, with family or as a couple.

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Cost of living in Pune

Source: Numbeo.com

Cost of living in Pune for students and bachelors

Average rent for apartments: : If you will be staying alone, you can opt for a paying guest accommodation in Pune or a co-living apartment where all the facilities and amenities are included in the rental amount. This may cost you an average rent in Pune of around Rs 15,000 – Rs 25,000 per month, depending upon the location and other comforts available in the unit. When you calculate living cost in Pune for students, if you are looking for a 1BHK, it would cost you around Rs 10,000 -12,000 per month, depending upon the location. You can also opt for shared living in a bigger apartment, which can bring down the overall cost to Rs 8,000.

Household cost: If you are opting for a shared apartment with two other friends, you would have to split all the household cost, which will be equivalent to a family of three, thus bringing down your Pune living cost. This cost will also include expenses for cook/maid, maintenance charges of the flat, Wi-Fi bill, etc. In Pune, living cost can go up to Rs 3,000 per month, depending upon the usage. In addition to this, add Rs 2,000 for meals, if you are planning to cook at home.

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Transportation cost: Usually, companies provide cabs to pick up and drop the employees. However, if you have to travel by your own means, you have to depend on private taxis for daily commuting. This can cost you up to Rs 3,000, depending upon the distance you have to travel, contributing to your overall living expenses in Pune. Car fuel is equally expensive and it would cost you almost the same.

Pune cost of living for family with children

Average rent in Pune for apartment: When you calculate Pune cost of living for family, if you want to live in one of the posh areas in Pune, you might need to shell out Rs 30,000 – Rs 40,000 per month, for a 2BHK flat. However, if you are looking for 2BHK apartments in Pune in an average locality, you may find a decent option in the range of Rs 20,000 – Rs 30,000.

Average price of apartment: Again, while estimating the Pune cost of living for family, if you want to buy a home in a posh locality in Pune, a 2BHK apartment would be Rs 1 crore onwards. However, if you are looking for a similar-sized apartment in an average locality, you may find a good option for Rs 60 lakh to Rs 70 lakh.

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Household cost: A household, which includes a family of three/four, may have a number of expenses such as utility bills, school fees, food, clothing, maid’s salary, day-care or nanny’s salary and other lifestyle-related expenditure. This may cost you around Rs 20,000 – Rs 25,000 per month, depending upon how extravagant your living standard is.

Transportation cost: If you travel in your own vehicle, you have to spend on car fuel, which may vary depending upon the distance you travel and the prevalent fuel rates. At the present rate, you may have to shell out a minimum of Rs 4,000 per month, depending upon the type of vehicle you own and the distance that you travel every day and this will be added to your living cost in Pune.

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Cost of living in Pune for couples

Average rent of apartment in Pune for couples: If you are looking for a 1BHK flat on rent in Pune, you may need to spend Rs 12,000 – Rs 15,000 per month, depending upon the property size, location, housing society, property type and amenities available.

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Average cost of apartment for couples: A 1BHK property will cost you around Rs 40 lakh – Rs 60 lakh, depending upon the location and quality of construction. You might need to spend more (up to Rs 2 crore), if you want to stay in posh localities of Pune.

Household cost: The usual cost will include maintenance charges, cook/maid salary, electricity and Wi-Fi bill, etc. This will not exceed Rs 10,000, depending upon the housing society, number of appliances and other factors.

Transportation: If you own one vehicle, the car fuel cost will be around Rs 3,000 – Rs 5,000. If you use two vehicles, the transportation cost, which includes car maintenance, car cleaning and parking charges for the additional car, along with car fuel, will add up to Rs 12,000 per month.

Source: ecis2016.org

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(Additional inputs: Surbhi Gupta)

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