Overview of Tingre Nagar, Pune

Location

Tingre Nagar is a dynamic neighborhood located in the eastern area of Pune, Maharashtra, India. Known for being centrally positioned and close to key landmarks, this area draws many residents and investors alike.

Property Types and Prices

For Sale:

The average property cost in Tingre Nagar stands around ₹8,399 for every square foot. Prices span from ₹4,900 to ₹14,500 per square foot. Specifically, a 1 BHK flat can be purchased in the range of ₹35 lakhs to ₹45 lakhs, while a 2 BHK flat falls between ₹68 lakhs to ₹80 lakhs. The listed properties consist of apartments and villas of differing sizes and layouts.

For Rent:

Rental prices vary from ₹14,000 to ₹42,000 per month for apartments, with the following breakdown:

• 1 BHK: ₹14,000 to ₹25,000
• 2 BHK: ₹20,000 to ₹38,000
• 3 BHK: ₹11,000 to ₹42,000

Price Trends

Property values in Tingre Nagar have surged significantly in the last year, rising by 33.78% from the previous year. Although there was a -12.3% decline in flat rates in the last year, there has been an encouraging appreciation in flat values over longer periods: up by 17.2% in the last 5 years and 19.2% in the last decade.

Amenities and Developments

The neighborhood boasts numerous residential areas including societies such as Tirupati Campus, Mantra 29 Gold Coast, Navrang Plaza, Nyati Environ, and others. These societies provide a plethora of amenities and lifestyle experiences.

Rental Market

Rental options in Tingre Nagar feature furnished, semi-furnished, and unfurnished apartments. Additionally, independent houses are available for rent.

PropertyWala's Conclusion

Tingre Nagar holds a bright outlook for both buyers and renters thanks to its prime location, wide property choice, and notable appreciation in prices over the past few years. Though recent years show a modest drop in flat rates, the long-term trend remains positive. With a blend of budget-friendly and luxury options, the area appeals to various market segments. It’s advisable for prospective buyers and renters to keep an eye on market changes for well-informed decisions.