Overview of Karve Road Area, Pune

Location and Connectivity

• Located in the western outskirts of Pune, the Karve Road area sits close to places like Kothrud, Bavdhan, Dhayari, Pirangut, and Narhe.
• It's accessible through highways such as Satara Road, the Mumbai-Bengaluru Highway, and Paud Road.
• Kothrud Bus Stand and Bus Depot provide easy access, and the Shivaji Nagar railway station is around 7-8 kilometers away. The Pune Airport is a 45-minute drive from here.

Property Prices and Trends

• On average, residential properties here are priced at ₹14,055 per square foot. The prices start at ₹14,141 and peak at ₹14,814. There’s been a 7.28% decrease in property rates last year.
• Residential plots vary greatly in price, from ₹16.8 Lac to ₹11.87 Cr, all depending on their size and location.

Types of Properties Available

• Flats and Apartments:
  • You’ll find several new projects available, having 2, 3, and 4 BHK flats. For example, Ranjekar Dhansampada in Erandwane features flats priced at ₹21.96 K per sqft and due in March 2026.
• Independent Houses and Plots:
  • A good number of plots are up for sale. You can choose from smaller ones of about 1076 sqft to larger sizes up to 40500 sqft. Some even have multiple-floor construction permissions (up to 7 floors in certain cases).

Rental Options

• If you prefer renting, there are options like 2 BHK flats at affordable rates, around ₹28,000 per month.

Amenities and Infrastructure

• This area has top-notch civic amenities, with schools such as Rosary School, Tree House High School, and Millennium National School.
• Top hospitals like Shashwat Hospital, Khenat Hospital, and Sahawas Hospital are nearby.
• Close to retail and commercial hubs, this area has ease of access to department stores and shopping centers.

Investment Potential

• Karve Road in Pune offers great opportunities due to its close proximity to corporate districts and IT/ITES clusters. There’s a surge in property prices because more people are demanding homes.
• This area shows rapid development in property values due to increasing interest.

PropertyWala's Conclusion

Karve Road in Pune is an attractive option for both buyers and renters. It's strategically situated with good connectivity. With a range of properties from budget-friendly to luxurious, it meets numerous needs and budgets. The area’s infrastructure, especially its educational and medical facilities, makes it appealing for residential purposes. The rising demand and property prices indicate it's a promising place for real estate investment.