Overview of Shivane, Pune

Location and Popularity

Shivane, a favored residential area in Pune, highlights its growing demand and strategic positioning. It is adjacent to multiple IT centers and key services, making it a top pick for both people buying and those renting.

Property Types

• Apartments: With diverse sizes and styles, these dominate the Shivane property scene in 1, 2, and 3 BHK sizes.
• Builder Floors: An alternative housing option featuring comparable amenities to apartments.
• Villas: Less common, these cater to those wanting more elegance and roominess.

Property Prices

• Apartments:
  • Price range: Rs 3,450 - Rs 5,600 per square foot (sq ft).
  • Average price: Around Rs 4,586 per sq ft.
• Builder Floors:
  • Price range: Rs 3,500 - Rs 5,450 per sq ft.
• Overall Price Range:
  • Starting price: Rs 2,941 per sq ft.
  • Average price: Rs 4,586 per sq ft.
  • Top end: As high as Rs 8,888 per sq ft.

Price Trends

• Year-over-Year (YoY) Growth: Property prices in Shivane dipped by 2.53% last year.
• Long-term Appreciation: Rates climbed 10.8% over 5 years and 12.2% over 10 years, despite some short-term changes.
• Quarterly Patterns: Prices vary a lot, with a jump of 7% in the last quarter of 2024 and a fall of -14% in the first quarter of 2024.

Amenities and Infrastructure

• Schools and Hospitals: Near top schools like Prestige Public School and healthcare services such as Nanded Hospital.
• Parking and Other Amenities: Many projects offer basic parking options.

Rental Options

Renting in Shivane offers:

• Flats/Apartments: Options from 1 to 3 BHK with monthly rents from ₹14,000 to ₹25,000.
• Houses and Builder Floors: Available with several options: furnished or semi-furnished.

PropertyWala's Final Thoughts

Shivane, Pune, boasts an active real estate scene blending affordability with luxury. With recent price swings, a positive long-term appreciation trend looms larger. Being near important things and tech hubs draws investors and residents alike. Whether buying or renting, Shivane features a variety of property choices for varied budgets and desires. Still, keeping track of current trends and market states helps in well-rounded decision-making.