Pimple Gurav property market: An overview

[ecis2016.org] Pimple Gurav is one of the rapidly developing suburban areas of Pune and is located very close to the industrial zones and the IT hubs of Pune. The area has good civic amenities and is very well-connected to the other parts of the greater city of Pune

Pimple Gurav is a premier residential area located in the north-western suburbs of Pune, which was a rural area till recent times.

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It has the famous Dinosaur Park, which is a major entertainment zone for the residents of the area. Nearby Pimple Gurav localities include many famous areas of the city of Pune such as Chinchwad, Pimpri, Bhosari and Sangvi. All these localities along with a few other areas, form the urban agglomeration of Pimpri-Chinchwad. The varieties of projects available in this area are many and they range from affordable to luxurious.

There are a lot of reputed builders like Kalpataru Group, Mahindra Lifespaces and Sukhwani Group, who are working on their different projects in Pimple Gurav. Some of the premier projects in Pimple Gurav include Sukhwani Kingston Avenue and Kalpataru Estate.

Due to advent of various IT majors and other multi-national companies (MNCs), the city of Pune has been witnessing a rapid growth in influx of working population from outside the city. As a result, there has been a surge in the demand for residential apartments in Pimple Gurav, with it being one of the noted suburbs of Pune. Although the prices of the flats in Pimple Gurav are going up at a rapid pace, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can still be found here.

Pimple Gurav has seen a lot of development in the last few years and a number of projects are on the cards for this area. The civic amenities have also improved. The industrial growth and the growth of the IT sector have led to the development of the retail and hospitality sectors in the area.

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Connectivity with nearby Pimple Gurav localities

• There are a few major roads which run through the area – the Pune-Nashik Road, the Mumbai-Pune Expressway, Kalewadi Main Road and Spine Road.
• The area has extensive bus services and the Pimpri Bus Stand and Chinchwad Bus Stand lie in close vicinity.
• There re railway stations at Pimpri, Chinchwad and Shivaji Nagar, from where the railway services can be availed.
• It takes about half an hour from Pimple Gurav to reach the airport in Pune.

[ecis2016.org] Property rates & trends in Pimple Gurav, Pune

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Employment hubs near Pimple Gurav

• Rajiv Gandhi InfoTech Park is located at a distance of approximately 12 kilometres from Pimple Gurav.
• DLF Akruti IT Park is located at a distance of approximately 14 kilometres.
• RMZ Westend is approximately 6 kilometres
• Pimpri Chinchwad Bhosari Industrial Area is located approximately 7 kilometres away from the locality.

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Schools in Pimple Gurav and other social amenities

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Pimple Gurav offers very good social infrastructure to its residents. Some of the reputed schools in Pimple Gurav include the Kendriya Vidyalaya Pune, St Joseph High School and Wisdom World School. Some of the leading hospitals in Pimple Gurav include the Oyster and Pearl Hospital, Aditya Birla Memorial Hospital and Kotbagi Hospital. The shopping needs of the residents are catered by malls in Pimple Gurav such as the Ozone Mall, Jewel Square Mall and Laxmi Road.

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Price trends in Pimple Gurav

• Price appreciation- Around 20% in the last one year.
• Current property rates- Rs 5,015 –Rs 7,586 per sq ft.

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Reasons to invest in Pimple Gurav

Considering the price trends in Pimple Gurav and the rising demand, the locality would prove to be a good option for investment. There is excellent appreciation of property rates with a number of projects being developed here. Moreover, the area is also located at a very close proximity to the IT/ITeS hubs and industrial zones of Pune. The government has given its permission to many projects in Pimple Gurav and so, the scope of development of infrastructure facilities is also there. Considering all these factors Pimple Gurav is an excellent place for investment.

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Source: https://ecis2016.org
Category: Lifestyle