Overview of Shastri Nagar, Pune

Location and Connectivity

Shastri Nagar is situated in the Yerawada part of Pune and is famed for its superb connectivity. It's near major employment sites like Hadapsar and Kharadi, plus the Pune International Airport. The area also neighbors places such as Kalyani Nagar, Ramwadi, Adarsh Nagar, Pratik Nagar, and Sanjay Park.

Infrastructure and Amenities

A dynamic community life and modern amenities make this place highly sought after by homebuyers. Residents have access to different facilities, such as schools like Don Bosco Junior & Senior College, Don Bosco High School, and SNBP School & College.

Real Estate Market

Property Prices

• Entry-level property prices in Shastri Nagar start around Rs. 12,500 per square foot, with an average Rs. 13,624 per square foot[2|].
• Property rates have seen a 10.23% year-over-year increase, showing a growing market.

Property Types

• The area provides a variety of residential options, including 1, 2, and 3 BHK apartments and independent houses and villas. High-demand options are 1 BHK units, followed by 2 BHK units[4|].

• Commercial spaces like office spaces, PG accommodations, shops, and warehouses are available for rent.

Developers

• Key developers in the area are Hermes Ramesh Builders, Bramhacorp Builders, Sagittarius Ecospaces LLP, Ramesh Builders, and K Raheja Construction.

Rental Market

• Renting options consist of semi-furnished and fully furnished flats, as well as luxury homes in upscale neighborhoods. Rental rates vary; for instance, a 1-bedroom flat rents at roughly ₹26,000 per month.

Demand and Supply

• There's a high demand for apartments, at 86% with 83% supply. Villas and independent houses hold a notable presence.

Employment Hubs

• Several large employment sites are nearby, including Cybercity Magarpatta, SP Infocity, EON Free Zone, and Commerzone IT Park in Hadapsar, located about 7 kilometers away.

PropertyWala's Conclusion

Shastri Nagar offers a great chance for buyers and renters in Pune. Its strategic site, great connectivity, and solid infrastructure are key features. This place has a vibrant community, is close to major employment sites, and has climbing property prices. Whether you’re after a modern flat or a lavish villa, Shastri Nagar has a wide array of selections to suit different needs and budgets.