Karve Road area, Pune

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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.

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News

Pune Metro Flyover Designs Finalised for Karve Road and Warje

Hindustan Times · · Infrastructure

MahaMetro finalised designs for two double-decker flyovers on the proposed Nal Stop–Manikbaug Metro extension, with combined works preliminarily estimated at ₹404 crore.

Key facts
  • The proposed flyovers at Karve Statue and Dr Babasaheb Ambedkar Chowk in Warje will carry road traffic below and the Metro viaduct above. Their combined preliminary estimate, including viaduct works, is ₹404 crore, based on 2021 rates with escalation to 2026; the tendered cost could vary by up to 10%.
  • The 1.6-km Karve Statue flyover will run from near the Hanuman temple at Karishma Chowk on Karve Road to the Hotel Mirch Masala area near Dahanukar Colony. Its estimate is ₹327 crore; road widening is needed at some locations.
  • The 500-metre Warje flyover will run from near D-Mart Chowk to about 50 metres before Canal Road. Its estimate is ₹77 crore.
  • MahaMetro has asked Pune Municipal Corporation (PMC) to fund the additional construction cost. PMC says it will bear the project cost but will scrutinise estimates and designs through a mutually agreed third party. Formal cost-sharing confirmation is pending; PMC approval for the Karve Road flyover was expected within a week. Approvals and tendering are next.
Pune Plans Two Flyovers on Karve Road to Ease Traffic

The Free Press Journal · · Infrastructure

Pune Municipal Corporation plans flyovers at Karve Statue Chowk and Ambedkar Chowk, alongside the proposed metro route, after detailed traffic, land, environmental and financial studies.

Key facts

Pune Municipal Corporation plans two flyovers on Karve Road at Karve Statue Chowk and Ambedkar Chowk in Karvenagar, linking the area to the Mumbai-Bengaluru bypass. They will be developed alongside the proposed Pune Metro line from SNDT to Manikbaug via Warje; officials say major road works will be difficult after the metro opens. The stretch between Paud Phata and Warje will then have three flyovers, including the existing one at Karvenagar. The Ambedkar Chowk proposal dates to 2018 and has been revived with the addition of the Karve Statue Chowk flyover.

Before construction, PMC will conduct seven-day automatic-camera traffic surveys covering weekdays and holidays, assessing flow, travel patterns, speeds, delays, congestion, signals and junction waiting times. Studies will cover traffic modelling and impacts, land acquisition and affected owners, tenants and structures, five years of accident records, environmental effects on water, greenery, wildlife, air and noise, and possible resident relocation. A financial assessment will estimate land, construction, utility-shifting and maintenance costs, as well as benefits including travel-time and fuel savings, reduced pollution and commuter stress.

Pune Plans Two Flyovers Along Karve Road Amid Metro Work

News18 · · Infrastructure

PMC will study flyovers at Karve Statue Chowk and Ambedkar Chowk, coordinating construction with the Pune Metro spur from SNDT to Manikbaug via Warje.

Key facts
  • Pune Municipal Corporation (PMC) plans flyovers at Karve Statue Chowk and Ambedkar Chowk in Karvenagar to ease congestion on Karve Road, which connects the locality to the Mumbai-Bengaluru bypass.
  • The Ambedkar Chowk flyover, first proposed by the state government in 2018 but never built, will be revived. With the existing Karvenagar flyover, the stretch from Paud Phata to Warje will have three flyovers. The existing flyover will be integrated with the elevated Metro route; the two new flyovers will be coordinated with the Pune Metro spur from SNDT to Manikbaug via Warje.
  • PMC will conduct a week-long weekday and weekend traffic survey using automated cameras, plus origin-destination studies, traffic counts, speed and delay analysis, simulation modelling, impact assessments, and reviews of signal timings and surrounding congestion.
  • The study will include land acquisition details for landowners, tenants and occupants, including built-up area and construction information; five years of accident data; and an Environmental Impact Assessment covering water bodies, greenery, wildlife, noise, air quality and resident rehabilitation.
  • PMC will assess construction, maintenance, land acquisition and utility-shifting costs, as well as benefits including travel-time and fuel savings, reduced pollution and commuter well-being. Officials aim to complete upgrades before the Metro corridor opens, when major road interventions may no longer be feasible.
News items are reports published elsewhere, condensed; follow the link for the full report. PropertyWala.com is not their source.

Sale Properties

2BHK for sale in Gokhale Shreekunjshree, Ideal Colony, Pune

2BHK Flat for sale in Ideal Colony

Apartment / Flat

: Gokhale Shreekunjshree lies at the very prime location of Ideal Colony, Pune offers residential project that host 2 and 3 bhk apartments in various sizes.
2BHK for sale in Gokhale Manishkunj, Ideal Colony, Pune

2BHK Flat for sale in Ideal Colony

Apartment / Flat

: Gokhale Manishkunj lies at the very prime location of Ideal Colony, Pune offers residential project that host 2 and 3 bhk apartments in various sizes.
3BHK for sale in Gokhale Shreekunjshree, Ideal Colony, Pune

3BHK Flat for sale in Ideal Colony

Apartment / Flat

: Gokhale Shreekunjshree lies at the very prime location of Ideal Colony, Pune offers residential project that host 2 and 3 bhk apartments in various sizes.
3BHK for sale in Gokhale Manishkunj, Ideal Colony, Pune

3BHK Flat for sale in Ideal Colony

Apartment / Flat

: Gokhale Manishkunj lies at the very prime location of Ideal Colony, Pune offers residential project that host 2 and 3 bhk apartments in various sizes.
2BHK for sale in Gokhale Harikrupa, Dahanukar Colonys, Pune

2BHK Flat for sale in Dahanukar Colonys

Apartment / Flat

: Gokhale Harikrupa by Gokhale Constructions at the very prime location of Dahanukar Colonys, Pune offers residential project that host 2 and 3 bhk apartments in various sizes.
3BHK for sale in Gokhale Harikrupa, Dahanukar Colonys, Pune

3BHK Flat for sale in Dahanukar Colonys

Apartment / Flat

: Gokhale Harikrupa by Gokhale Constructions at the very prime location of Dahanukar Colonys, Pune offers residential project that host 2 and 3 bhk apartments in various sizes.
2BHK for sale in Gokhale Manomay, Karve Nagar, Pune

2BHK Flat for sale in Karve Nagar

Apartment / Flat

: Gokhale Manomay by Gokhale Constructions at the very prime location of Karve Nagar in Pune offers residential project that host 2 bhk apartments in various sizes.
2BHK for sale in Parth Enclave Building F, Karve Nagar, Pune

2BHK Flat for sale in Karve Nagar

Apartment / Flat

: Parth Enclave Building F by Parth Developers at the very prime location of Karve Nagar, Pune offers residential project that host 2 bhk apartments in various sizes.

Price Trends

Also known as: Karve Rds
Locality ID
A419551111
PinCode
411038