Exploring Pimple Gurav, Pune

Pimple Gurav is emerging as a notable locality in Pune, Maharashtra, particularly recognized for its advantageous location and burgeoning real estate market.

Location and Accessibility

• Pimple Gurav is strategically located near the Pavana river and is close to prominent IT hubs such as Hinjewadi and Kharadi. This positioning makes it a fantastic spot for tech-industry professionals.

Cost of Properties

Buying

• In Pimple Gurav, the average price of property hovers around ₹7,078 per sqft. Prices range from ₹4,111 to ₹10,714 per sqft.
• For specific property types:
  • 1 BHK flats: ₹25 lakhs - ₹48.65 lakhs.
  • 2 BHK flats: Prices vary from ₹4,600 to ₹9,100 per sqft, which translates into a broad price range of ₹45 lakhs to ₹1.2 crores based on area and amenities.

Renting

• Rent figures:
  • 1 BHK flats: ₹8,875 - ₹17,625 per month.
  • 2 BHK flats: ₹15,800 - ₹28,400 per month.
  • 3 BHK flats: ₹32,400 - ₹39,600 per month.

Property Types and Facilities

• Pimple Gurav features a blend of Builder Floors and various size Apartments.
• The amenities you may find include 24-hour water supply, car parking, gas hookups, and maintenance services.

Market Evolution

• Property values in Pimple Gurav have appreciated by 7.66% over the past year and 23.7% in the last decade.
• Over the past year, flat prices have increased by 3.7%. For the last three years, they rose by 2.2%, and in the last five years, prices climbed about the same amount.

Popular Units

• The most sought-after unit sizes fall between 500-750 sqft.

Sub-Localities

• Sub-localities within Pimple Gurav provide varied price ranges:
  • Ram Nagar: ₹6,886 per sqft (range: ₹4,111 - ₹10,123).
  • Netaji Nagar: ₹5,557 per sqft (range: ₹4,222 - ₹6,923).
  • Jawakar Nagar: ₹8,131 per sqft (range: ₹8,036 - ₹8,036).
  • Defence Area: ₹8,953 per sqft (range: ₹8,286 - ₹10,714).
  • Pawan Nagar: ₹6,272 per sqft (range: ₹5,223 - ₹7,321).

Summary by PropertyWala

Pune’s Pimple Gurav stands out due to its enticing real estate market with both budget-friendly and premium properties. Its accessibility to major IT hubs, moderate property rates, and rising property values make it attractive for buyers and renters alike. Whether you’re looking for a 1 BHK, 2 BHK, or 3 BHK unit, Pimple Gurav offers various choices in price, features, and location. The area shows ongoing development and positive market trends, indicating a potentially profitable real estate investment in this locality.