Pimple Nilakh- Favorable Location for the Real Estate
Pune, prominent as IT and educational hub is also making a large growth in real estate. Pune is a rich city has come a long way and has transformed itself as one of the happening metropolis of India. People from far and wide come down to the city either for education or job purpose. And this is the big breakthrough for the real estate sector. Each part of the Pune city has an advantage to purchase a home. You can see the pun as the best option while Mumbai real estate prices are sky-rocketing.
Looking at the western part of Pune, we must say, Pimple Nilakh the best affordable with luxurious choice for property purchase. Pimple Nilakh falls under the Pimpri Chinchwad Municipal Corporation (PCMC) and is located centrally between Aundh and Pimpri.
Location and Accessibility:
Located close to Mumbai-Pune expressway, Pimple Nilakh is accessible to places like Wakad, Hinjewadi, Baner, Aundh, and Rahatni, among others. The nearest airport is from the Pimple Nilakh is the Lohegaon airport. Pimple Nilakh is the most preferred address by IT and working people as it is just 6 km away from Hinjewadi IT Park and 5 kms from Bhosari MIDC. Due its proximity to the Mumbai - Pune expressway and Hinjewadi IT Park, Pimple Nilakh came into the limelight. With its nearness to established locations like Baner and Aundh, where property prices are at their peak and unaffordable for the mid-income segment, Pimple Nilakh seemed a fair option.
Facilities and Infrastructure:
The area is best suited for residential development due to its proximity to various facilities. Many pre-primary and primary schools are in proximity to this area. The infrastructure is in process with construction of new roads and road widening. It is improving with Pimpri-Chinchwad Municipal Corporation taking development works in the area. The road widening process of Ravet is happening at a faster speed that connects to Aundh later. The connectivity to Mumbai-Pune expressway has attracted buyers from Mumbai as well. Apart from this, various hospitals and clinics for the convenience of the residents are also present close by. The famous Aditya Birla Hospital is just 8 km away. There are also many banks present here. Pune Mahanagar Parivahan Mahamandal Limited (PMPML) is trying providing buses that connect Pimple Nilakh to the main city and its suburbs.
Developers and Builders in Pimple Nilakh:
Pimple Nilakh’s proximity to places like Aundh, Baner and Wakad has made it a preferred destination, and developers like Goel Ganga Group, Kolte Patil Developers Ltd and Nandgude Patil, among others, have projects here. Goel Ganga Group has their project Ganga Panama in Pimple Nilakh. Kolte Patil Developers Ltd has offers the luxurious project, Glitterati as well as 24K Jazz under their brand 24K here. Not only the residential but the commercial establishments also around have impacted the realty market of Pimple Nilakh to some extent, with the affordability factor acting as a catalyst for buyers in Pimple Nilakh.
Property Price Trend in Pimple Nilakh:
The price for the residential projects in pimple Nilakh was Rs.5074 per sq.ft. in Oct-Dc.2011. After 2011 price depreciated to Rs 4901 in the next quarter of Jan-Mar 2012. In Oct- Dec 2012, price appreciated to Rs 5169 per sq. ft. It continues in 2013. After 2013, the Rate has increased by Rs. 400-600 per sq.ft. Now the approximate current rate is Rs 5700-5900 per sq.ft.
Though Pimple Nilakh was under the area of Aundh and Baner earlier, it is now making its existence felt in the real estate market of Pune.Google+ image
Category : Flatons Advisors Blog