Overview of Narayan Peth, Pune

Narayan Peth is a sought-after locality in Pune; it's known for its vibrant vibe and convenient amenities. Let's dive into the area from a real estate perspective.

Property Prices

• Apartments:
  • The average transaction rate for flats in Narayan Peth is around Rs. 10,600 to Rs. 10,819 per square foot.
  • Prices span from Rs. 9,627 to Rs. 11,875 per square foot.
• Independent Houses:
  • Buyers typically spent Rs. 4,645 per square foot for houses.

Price Trends

• Year-over-Year Growth:
  • Property rates in Narayan Peth have gone up by 2.59% over the last year.
  • Over the next 10 years, flat rates soared by 11.6%.
• Quarterly Appreciation:
  • The latest quarters showed a steady rise, gaining 7% from the April-June quarter to the July-September quarter of 2024

Sub-Locality: Pulachi Wadi

For people looking for properties in Narayan Peth, Pulachi Wadi is notable:

• Starting Price: Rs. 8,125 per square foot
• Average Price: Rs. 8,943 per square foot
• Price Range: Rs. 8,125 to Rs. 9,955 per square foot
• Year-over-Year Growth: The area saw a 6.0% increase over the past year.

Availability and Types of Properties

• Apartments: The main type of property, available in different sizes and styles, such as 1 BHK, 2 BHK, and 1 RK flats.
• Independent Houses: Less common, but available at cheaper rates compared to apartments.

Amenities and Infrastructure

• Proximity: Narayan Peth is centrally located, offering easy access to major parts of Pune.
• Community and Society: Several gated communities and societies like Akshay Samruddhi and Shri Shubhamshree are here.
• Parking and Other Amenities: Property owners usually offer amenities like bike and car parking, with well-maintained facilities.

PropertyWala's Conclusion

Narayan Peth, Pune, stands out in the real estate market with consistent price increases and a variety of property options. The locality suits both buyers and renters due to its central location, modern amenities, and varying costs. Following current trends, investing here could be profitable, whether for buying or renting. However, always do thorough research and look into individual property details before making any decision.