
What would be worth ₹1.5 crore in today’s real estate market? In Pune, it would be generally a spacious, modern apartment. In Mumbai, it usually means compromising on space for location and connectivity. If you’re confused about where your money gets you a better deal, this Pune vs. Mumbai homes comparison gives you specifics on what the same budget will get you or cost in each city.
Pune: A comfortable 2BHK, sometimes even a 3BHK, in outskirts areas such as Hadapsar, Kharadi, Viman Nagar, Wakad, or parts of Baner. You can expect 800–1,200 sq ft of carpet space depending on the age and location of the apartment. These locations have modern apartments, and great amenities and offer good rental returns for IT professionals and families.
Mumbai: Space is the premium you pay for. ₹1.5 crore in mainstream Mumbai (Western Suburbs like Andheri, Goregaon, and Bandra East pockets) often gets you a compact 1BHK or a small 2BHK (sub-500–650 sq ft) in older towers. To get a larger 2BHK, you’ll likely need to move to Navi Mumbai/Thane/Panvel/Mira Road, where 2BHKs are feasible but with longer commutes. For the same money, Pune gives you more square footage and modern layouts; Mumbai gives you location, brand value, and liquidity.
Pune picks:
Kharadi/Viman Nagar: Good for IT and multinational commutes, ready rentals, coffee shops, and short commutes to offices. Expect modern apartments and reliable water and power backup in most complexes.
Hadapsar / Wakad: Better value for larger flats; Wakad attracts techies working in Hinjewadi; Hadapsar is mixed and better for families who want schools and hospitals close.
Baner/Aundh: You may get slightly older flats with character and better connectivity to Pune’s western nodes.
Mumbai Picks
Andheri East / Goregaon / Malad (older towers): Compact flats, higher maintenance, but the city connectivity is real, airports, offices, and media hubs.
Navi Mumbai / Panvel / Kalyan / Thane: You can buy modern 2BHKs for ₹1.5 crore, but expect longer commutes; these areas could be an excellent choice if your job is in the suburbs or you prioritize space over daily travel time.
Pune offers smoother daily living but is more dependent on cars. Commuting is easy if your home and workplace are aligned. If your job is in Mumbai, buying in Pune may save money on paper but cost hours every week in travel or relocation stress.
Rental Income & Yield Comparison
Pune rentals:
Mumbai rentals:
Resale Value & Liquidity:
Maintenance Costs & Hidden Expenses
Risk Factors Buyers Should Know
Pune risks
Mumbai risks
| Factor | Pune | Mumbai |
| Typical Configuration | Spacious 2BHK / Compact 3BHK | 1BHK or very small 2BHK |
| Carpet Area | 800–1,200 sq ft | 400–650 sq ft |
| Building Age | Mostly new / mid-aged | Often older buildings |
| Popular Localities | Hadapsar, Kharadi, Wakad, Viman Nagar, Baner | Andheri East, Goregaon, Malad, Navi Mumbai, Thane |
| Lifestyle | Calm, spacious, family-friendly | Fast-paced, compact, city-centric |
| Commute | Car-dependent, smoother intra-city | Train/metro driven, time-efficient |
| Rental Yield | 3–4% (better value) | 2–3% (high rents, high prices |
| Resale Liquidity | Medium (location dependent) | High (especially near transit hubs) |
| Maintenance Cost | Moderate | Higher |
| Best For | Families, WFH buyers, end users | Career-focused buyers, short holding periods |
Universal Checks
Pune-Specific Buyer Checklist
Mumbai-Specific Buyer Checklist
For space, affordability, and family living, yes, Pune often makes a great choice.
Yes, but expect a smaller home or an older building unless you move to extended suburbs.
Yes, but expect a smaller home or an older building unless you move to extended suburbs.