[ecis2016.org] Tingre Nagar, located very close to the industrial zones and IT hubs, is one of the rapidly developing suburban areas in Pune. The area has good civic amenities and is very well-connected to other parts of the city
Tingre Nagar is a premier residential area located in the eastern suburbs of Pune, which lies very close to the Pune airport. The locality has a number of tourist spots. Nearby Tingre Nagar localities include many famous areas of the city such as Viman Nagar, Kalyani Nagar, Yerwada, Vishrantwadi, Dhanori-Lohegaon, etc. A variety of projects are available in the area and range from affordable to luxurious. There are a lot of reputed builders like BU Bhandari, Ashirwadh Promoters and Builders and Nyati Group, who are working on their different projects in Tingre Nagar. Some of the premier projects in Tingre Nagar include Kumar Samruddhi Society, Choice 24 Goodwill, BU Bhandari Aakanksha, etc.
You are reading: Tingre Nagar property market: An overview
Due to the advent of various IT majors and other multi-national companies, Pune has been witnessing a rapid influx of working population. As a result, there has been a surge in the demand for residential apartments in Tingre Nagar, being one of the noted suburbs of Pune. Although prices of the flats in Tingre Nagar are increasing, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can still be found here.
The civic amenities have also improved here. The industrial and IT sectors’ growth, have led to the development of the retail and hospitality sectors, as well.
Connectivity with nearby Tingre Nagar localities
- There are a few major roads which run through the area – Sant Jnaneshwar Marg, Nagar Road, Deccan College Road, etc.
- The area has an extensive bus service and the Dhanori Bus Stand, Viman Nagar Bus Stand and Shivaji Nagar Bus Stand lie in close vicinity.
- There is a railway station at Shivaji Nagar. The Khadki railway station is also approximately about 10 kilometres away from Tingre Nagar.
- It takes about 5 minutes from Tingre Nagar to reach the airport in Pune.
Employment hubs near Tingre Nagar
- Phursungi IT Park, Magarpatta City and Amanora Park Town are located about 12 kilometres from the locality of Tingre Nagar.
- The Tech Park One Yerwada and Weikfield IT-CITI Infopark are located at a distance of approximately 4 kilometres.
- RMZ Westend is approximately 13 kilometres away.
- World Trade Centre, Cerebrum IT Park and EON IT Park are located approximately 6-7 kilometres away from the region.
Tingre Nagar offers very good social infrastructure to its residents. Some of the reputed schools in Tingre Nagar include the Symbiosis International School, Lexicon International School, Bishops School, etc. Some of the leading hospitals in Tingre Nagar include the Columbia Asia Hospital, Shree Hospital, Ruby Hall Clinic, etc. The shopping needs of the residents are catered by malls in Tingre Nagar such as the Phoenix Market City, Inorbit Mall Pune, Lunkad Skymax Mall, etc.
Price trends in Tingre Nagar
- Price appreciation—Around 24% in the last one year.
- Current property rates—Rs 4,120-Rs 6,621per sq ft.
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Reasons to invest in Tingre Nagar
Considering the price trends in Tingre Nagar and the rising demand, the locality is touted to become a good investment region in future. There are chances of good appreciation of property rates with a number of projects being developed here. Moreover, Tingre Nagar itself being an IT/ITeS hub and industrial zone, the demand for property here is only slated to move northward. What more? Tingre Nagar is developing at a fast pace and the government is also planning to develop it further. So, the scope of development of infrastructure facilities is also good here. Considering all these factors, Tingre Nagar can be an excellent place for investment.
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