Overview of Tilak Road Area, Pune

Location and Infrastructure

Tilak Road, in the core of Pune, is a prestigious residential area along the Mutha River. It's nearby other key zones like Shivajinagar, Erandwane, and Sadashiv Peth. The area showcases excellent social and civic amenities, a lively neighborhood, and sturdy public transit, attracting homeowners and tenants.

Property Types and Prices

• Residential Choices: Here, you'll find single-family homes, bungalows, and multi-story apartments for sale or rent. Properties vary from 1 BHK to 5 BHK apartments, plus office spaces.
  • 1 BHK Apartments: Prices range from ₹49.95 lakhs to ₹72.25 lakhs, with spaces from 666 sq.ft to 850 sq.ft.
  • 2 BHK Apartments: Prices run from ₹85.51 lakhs to ₹1.75 crores, with sizes from 676 sq.ft to 1150 sq.ft.
  • 3 BHK Apartments: The prices go from ₹1.61 crores to ₹5.85 crores, with sizes from 863 sq.ft to 3532 sq.ft.
  • 4 BHK and 5 BHK Apartments: Prices range from ₹3.42 crores to ₹10 crores, with sizes up to 3532 sq.ft.
• Price per Square Foot: Properties start at roughly ₹9,259 per sqft, peaking at ₹12,380 per sqft, with an average of ₹10,451 per sqft.

Market Trends

• Current Market: The property prices in Tilak Road-Sadashiv Peth dropped by 23.24% over the past year. Nevertheless, the zone remains profitable for both buying and selling.

Amenities and Connectivity

• Connectivity: The area has excellent links to industrial and IT zones, benefiting professionals.
• Social Infrastructure: The area features robust social infrastructure including a lively neighborhood and solid public transport.

Pros

• Prime Spot: Tilak Road stands among the top residential spots in central Pune.
• Safety and Environment: Known for secure surroundings and known builders.
• Amenities: Features solid social and civic infrastructure like schools, hospitals, and shopping areas.

PropertyWala's Verdict

When it comes to living in a sophisticated and well-connected area, Tilak Road in Pune is an outstanding choice. Its strong infrastructure, prime location, and various property options make it a great investment. Buyers should look into current market trends and the extensive selection of property types to find the best one for their needs and budget.