Koregaon Park Annexe, Mundhwa property market update — November 2026

Koregaon Park Annexe, Mundhwa property market update — November 2026

Koregaon Park Annexe, Mundhwa in Pune is seeing firmer asking prices and fresh construction this month. As of October 2026, the listed rate in the Annexe stands at ₹25,900 per sq ft, well above the wider Koregaon Park average. Two new residential projects in the area are under construction, and one of them has a possession month set for December 2026.

What Happened This Month

Asking rates in the Annexe have moved into higher territory. The current listed figure is ₹25,900 per sq ft as of October 2026. Across the broader Koregaon Park locality, the average asking rate reached ₹16,350 per sq ft in September 2026, up 8.65%. The gap between the two figures shows how much of a premium the Annexe address now commands over its neighbours.

Two projects also refreshed their listings on 28 October 2026. The first is a tower on North Main Road offering 2, 3 and 4 BHK homes, with possession listed for December 2026. The second, on Ghorpadi Road within the Annexe, offers 2, 3 and 3.5 BHK layouts. Both are under construction.

Impact on Homebuyers

For end users, the Annexe is no longer a bargain pocket. A buyer who wants a settled address in this micro-market should budget toward the upper end of the Koregaon Park range. Those comparing the Annexe with the broader locality will need to decide whether the extra cost per square foot buys something tangible, such as a specific road frontage, a quieter block or a newer building.

Under-construction stock brings its own trade-off. Buyers in the two new projects will pay for homes that are still being built, so the payment schedule and the timeline for handover deserve careful reading. For the North Main Road tower, that means testing the December 2026 possession date against the builder's track record.

Rental Demand and Yield

Rental figures for the wider Koregaon Park area offer a useful reference point. The average rent is ₹61 per sq ft per month, with a gross yield of 4.48%. These are locality-wide numbers, so an investor should treat them as a guide and check them against current listings on the particular street being considered.

Expert Analysis

The pattern here is premium pricing alongside a steady flow of new supply. A rate near ₹25,900 per sq ft in an established Pune pocket suggests buyers are paying for the location and for the reputation of the Annexe address. The two new listings widen the choice across 2 to 4 BHK configurations, which may restrain how fast the premium climbs. They also mean resale competition will grow once these homes are completed and handed over.

What to Expect Next

The next checkpoint is December 2026, when one of the listed projects reaches its stated possession month. Watch whether the Annexe rate holds at its current level after that handover. Further listing updates from the area will show whether the premium is widening or levelling off.

Related Projects and Areas Affected

• Koregaon Park (wider locality): the average asking rate of ₹16,350 per sq ft gives buyers a benchmark against which to measure the Annexe premium.
• North Main Road tower: a 2, 3 and 4 BHK under-construction project with possession listed for December 2026.
• Ghorpadi Road project: a 2, 3 and 3.5 BHK under-construction development within the Annexe.