In this week’s ET Wealth realty hot spot series we take a look at an established residential market in Pune. Situated near Pune airport, Nagar Road is also close to several employment hubs and complexes such as Commerzone, Tech Park One and others.
Property price in Nagar road ranges from Rs 5,400-12,500 per sq ft. A 1-BHK, which covers area of approx. 620 sq. ft., costs Rs 46 lakh on average. The main localities in this area include Viman Nagar, Kalyani Nagar, Wadgaon Sheri and Sheri. 2-BHKs enjoy abundant supply here. Here are other highlights of Nagar Road, Pune that make it a real estate hot spot.
Locality Snapshot
Highlights
- Established location near Pune airport; hosts several residential localities, IT and business parks
- Major office complexes – Cerebrum, Commerzone, Tech Park One, EON, Weikfield IT Park and WTC
- Schools – Bishops, Lexicon and Symbiosis International; Hospitals – Cloud Nine, Columbia Asia and Sahyadri
- Malls – Phoenix Marketcity and Creaticity; Hotels – Four Points, Hyatt Regency, Novotel, Radison, Ritz-Cartlon
Supply by BHK
Consumer preference by budget segment (Rs)
Consumer preference by covered area (sq ft)
Schools 10+
Hospitals 10+
Restaurants 20+
Banks 20+
Grocery Stores 20+
Petrol Pumps 5+
Source: Magicbricks
