Why NIBM Road is Witnessing High Demand for Residential Units

Several areas of Pune have shown tremendous real estate growth in the last five to six years. This has been primarily due to improved connectivity and enhanced physical and social infrastructure facilities. NIBM (National Institute Banking Management) Road, which is located close to Pune’s centre, is one such area that has shown considerable growth and transformed into one of the hotspot areas for real estate investment. The demand for residential units in NIBM Road can also be gauged by the fact that it is among the top five areas of the city that has seen remarkable growth and increased property sales in the last three years.

The growth of NIBM Road in real estate radar has been contributed to its excellent connectivity and easy accessibility to social infrastructure amenities. Unlike areas like Kharadi and Wakad, NIBM is located closer to the city centre. NIBM Road is located just 7 to 9 kms from Pune railway station, around 6 kms from MG Road and Swargate and around 14 kms from Pune Airport. The area also offers excellent transportation facilities by way of frequently plying buses and auto rickshaws. Besides this, NIBM Road is located close to areas like Hadapsar, Kondhwa, Undri and even Camp.

In terms of social infrastructure, NIBM Road offers nearly all kinds of amenities and facilities that are required for a comfortable living. Prominent educational institutions like Delhi Public School, Bishop School, SSM Society College of Engineering, National Institute of Bank Management, BEP Global Vision and Vishwakarma Institute of Technology are all located within 3-5 kms radius from this area. Clinics, hospitals, eateries, shops, banks, ATMS, post office, the new Bizzbay mall, the upcoming Dorabjee Paradise mall and clubs like Corinthian Club are other facilities that are easily accessible in the area and also why people prefer to invest and reside here.

Witnessing the growing demand for residential units in NIBM Road, several reputed developers have made their presence felt through their quality housing projects. Kolte Patil Developers Ltd, Ahura Builders, Urban Homes, Shobha Developers, Goel Ganga Developers, Ekta World, Lushlife Developers, Niche Constructions and Brahma Builders are some of the prominent realty developers who have their projects here. These developers have mostly developed housing projects offering 2BHK residential units while some of them also offering 1 to 4 BHK for prospective buyers.

A well-developed locality that offers lush green surroundings and a relatively pollution-free environment, NIBM Road is a delight for buyers. The current property rates for buying a flat in a multi-storey apartment in this area vary between Rs. 5500-Rs. 5850 per sq. ft., which has only risen in the last five years. In fact experts assert that property investments made now will reap good returns in the coming three years. These claims definitely make NIBM Road a good place for investment.

Though this very popular area is getting saturated, it is still a preferred area for many. According to data, a major number of buyers in this area are end users who are typically well-educated professionals working in neighbouring IT and industrial areas. This fast-developing locality presently offers a number of new residential projects and with property rates also increasing rapidly; there are lots of options for investment as well as rentals. Prospective buyers can find their desired residential project offered with the best of specifications and features and that too within their budget.

A highly planned and maintained locality, NIBM Road is one of the nice and prime localities of Pune city that offers nearly all facilities to its dwellers. A cosmopolitan locality that is well-connected, safe and offers good returns on investment is certainly one of the most promising areas to look for investment in Pune.