Pimple Saudagar property market: An overview

[ecis2016.org] Pimple Saudagar 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 Saudagar 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

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Pimple Saudagar is a premier residential area located in the western suburbs of Pune, which was a rural area until the Rajiv Gandhi InfoTech Park came up in the neighbouring Hinjewadi area. Nearby Pimple Saudagar localities include many famous areas of the city of Pune such as Hinjewadi, Aundh, Pimpri and Sangvi. The varieties of projects available in the area are many and range from affordable to luxurious. There are a lot of reputed builders like RK Lunkad Housing Corporation, Sukhwani and Raviraj, who are working on their different projects in Pimple Saudagar. Some of the premier projects in Pimple Saudagar include Raviraj Tushar Garden, BU Bhandari Planet Millennium and Kasturi La Vida Loca.

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 of this there has been a surge in the demand for residential apartments in Pimple Saudagar, with it being one of the noted suburbs of Pune. Although the prices of the flats in Pimple Saudagar are going up at a rapid pace, still affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can be found here.

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The Maharashtra government has proposed to develop Pimple Saudagar as an integrated township and the plans for a number of infrastructure projects have been drawn to be implemented. Plans have been proposed by the Pune Metropolitan Region Development Authority to develop a metro route between Hinjewadi and Shivaji Nagar, which will boost the connectivity to Pimple Saudagar, as well. The civic amenities have 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.

Connectivity with nearby Pimple Saudagar localities

• There are a few major roads which run through the area – Wakad Road, the Mumbai-Bengaluru Highway and the Pune-Nashik Road.
• The area has extensive bus services and the Pune Chinchwad Bus Stand and Bhosari Bus Depot lie in close vicinity.
• There is a railway station at Kasarwadi from where the railway services can be availed. The railway station is approximately 8 kilometres away from Pimple Saudagar.
• It takes about half an hour from Pimple Saudagar to reach the airport in Pune.

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

Employment hubs near Pimple Saudagar

• Rajiv Gandhi InfoTech Park is located at approximately 6 kilometres from Pimple Saudagar.
• DLF Akruti IT Park is located at a distance of approximately 14 kilometres.
• Panchshil Tech Park is approximately 7 kilometres
• International Tech Park is located approximately 15 kilometres away from the locality.

Schools in Pimple Saudagar and other social amenities

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Pimple Saudagar offers very good social infrastructure to its residents. Some of the reputed schools in Pimple Saudagar include The Mercedes-Benz International School, DAV Public School and Wisdom World School. Some of the leading hospitals in Pimple Saudagar include the Aditya Birla Memorial Hospital, Seth Ramdas Shah Memorial Hospital & Research Centre and Oyster and Pearl Hospital. The shopping needs of the residents are catered by malls in Pimple Saudagar such as the Ozone Mall, MSM Mall and Juna Bazaar.

Price trends in Pimple Saudagar

• Price appreciation- Around 20% in the last one year.
• Current property rates- Rs 5,846 – Rs 7,758 per sq ft.

Reasons to invest in Pimple Saudagar

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

Check properties in Pimple Saudagar

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Category: Lifestyle