Overview of Narhe, Pune

Narhe, sitting at the western edge of Pune, is rising as a vital residential and commercial real estate center.

Strategic Placement

• Narhe sits conveniently near employment zones like Hinjewadi, Katraj, and Baner.
• It's well-connected to industrial locales including Shirwal MIDC and Chakan.
• The locality is reachable via Sinhagad Road and the Mumbai-Bangalore Highway[5>.

Property Prices

• Starting property prices in Narhe start at Rs. 2,857 per square foot.
• Average property prices in Narhe are Rs. 5,580 per square foot.
• The most expensive property listed in Narhe is priced at ₹14,000 per square foot.

Property Kinds

• Apartments: Available across various price ranges, from affordable to luxury. Prices typically range from ₹6,500 to ₹8,500 per square feet.
• Independent Homes: Usually priced around ₹1.5 Crore.
• Plots and Commercial Land: Ideal for long-term investment.

Development and Amenities

• Infrastructure Improvement: Upgrades in road networks and public transport have improved connectivity.
• Education: Nearby include Sinhagad College of Engineering and Zilha Parishad Schools.
• Healthcare: Nearby hospitals include Bharti Hospital and Sahyadri Hospital.
• Shopping and Leisure: Nearby malls such as Abhiruchi Mall and local markets for daily needs.
• Recreation: Nearby Sinhagad Fort and Khadakwasla Dam for outdoor activities.

Investment Opportunities

• Narhe is seen as a promising spot for real estate investment by reason of its affordability and growing infrastructure.
• The ROI in Narhe is viewed positive, due to ongoing infrastructure works and increasing demand.

Rental Options

• Residential properties: Forms include 1/2/3 BHK flats, builder floors, and independent houses.
• Commercial properties: Includes office spaces, warehouses, and land for rent.
• Rent Prices: Varies. For example, semi-furnished apartments range ₹8,000 to ₹40,000 per month depending on the project and amenities.

Trends in Property

• Yearly Growth: Property rates in Narhe have seen a 6.51% increase over the past year.
• Market Trend: The price trend indicates profitable buying and selling potential in Narhe.

PropertyWala’s Take

In summary, Narhe, Pune, stands out as a compelling option for buyers and renters due to its strategic positioning, affordable housing, and evolving infrastructure. It combines urban convenience and natural settings, making it attractive whether you are looking to invest or reside here. The growing real estate market and good potential returns make Narhe a must-consider in your property planning.