Pimpri, Pune

Standing on Old Mumbai Pune Highway and Nigadi-Bhosari Road, Pimpri is a promising locality, situated in the northwestern quadrant of Pune. The locality lies in proximity to Pawana River, along with areas like Bhosari, Chinchwad, Rahatani, and Pimple Saudagar. This area is neatly divided into several sub-areas, a few of them being Atlas Colony, Amruteshwar Colony, Hindustan Antibiotics Colony, Shastri Nagar, Mahesh Nagar and Bodha Nagar.

Pimpri has eccentric social infrastructure with noteworthy educational institutions such as Vidya Niketan High School, Audyogik Shikshan Mandal, Padmashree Dr. D.Y. Patil Institute of Engineering & Technology and Elixir, along with hospitals such as Nehru Nagar Hospital, Y.C.M Hospital, Sainath Orthopedic Hospital and Om Hospital situated in the area.

The locality enjoys adequate supply of water and electricity, provided by civic authorities like the Maharashtra Water Supply and Sewerage Board and Pune Electricity Supply Board respectively.

The area lies in proximity to a number of commercial establishments. The malls and stores situated close by include Mega Mart, More, Prim Mall, CityOne Mall, and Croma. A plethora of multiplexes and small shopping complexes, along with an array of restaurants such as The Square Meal, Tiranga Restaurant, Gut-Gutya and Sai Restaurant adorn the streets of Pimpri.

Key Projects in Pimpri :

Connectivity and transit points

Old Mumbai Pune Highway connects Pimpri to the likes of Dehu Road, Talegaon Dabhade, Vadgaon, Lonavala and Khandala towards the north and to Chikkalvadi, Wakadewadi and Baluchi Vasti down south. This highway further connects to NH-50, which links the neighbourhood to Nashik. The area is connected to the likes of Bhosari and Nigdi via Nigadi-Bhosari Road.

MSRTC buses ply from Pimpri-Chinchwad Bus Stop, facilitating intra-state travel.Locals can board trains from Pimpri Railway Station and travel to places such as Dehu Road, Talegaon Dabhade, and Lonavala. Pune Railway Station is situated 14 km from Pimpri and facilitates inter-state travel to Gujarat, Rajasthan and Madhya Pradesh, among others. Pune International Airport, which aids air travel, lies 17 km from here, and can be reached within 40 minutes via Old Mumbai Pune Highway.

Major landmarks

•         Pimpri Chinchwad Municipal Corporation Office
•         Military Farm
•         ICC Devi Gaurav Technology Park
•         Ginger Hotel
•         Vishal E Square Multiplex
•         Pimpri Bus Stop
•         Yashwantrao Chavan Rose Garden
•         Vidya Niketan High School
•         Shewale Park
•         Jogging Park
•         Ashok Theatre
•         Mohal Complex
•         Vaishno Devi Temple
•         Sai Chowk Mata Vaish
•         Kharalai Garden

Factors for growth in the past

Establishment of roads such as Old Mumbai Pune Highway and Nigadi-Bhosari Road was one of the major factors that improved Pimpri’s connectivity, linking it comfortably to the rest of Pune. Presence of an active transport system also contributed in enhancing the locality’s connectivity, making it more accessible from various other places.

Availability of land was another factor that paved the way for significant growth in the area. This aspect caught the interest of many well-known builders such as Goel Ganga Group, Arun Developers, Geeta Builders Pune and Sukhwani Constructions, persuading them to establish several projects. As a result, several residential and industrial units mushroomed in this planned locality.

Pimpri’s proximity to saturated cities such as Mumbai and Navi Mumbai worked well in its favour. Affordable property prices offered by this locality appealed to working professionals, who moved to this region in large numbers, enhancing the area’s real estate demand to a great extent.

Residential and Commercial Market

Residential market trends

Pimpri is an amalgam of properties such as apartments, independent houses, and residential plots. The dominant property type here is apartments, which sell at an average rate of about Rs 5,200 per sq. ft. The average rate of independent houses in Pimpri  is Rs 4,650 per sq. ft, whereas residential plots in Pimpri are priced lesser, and sell at an average rate of Rs 3,500 per sq. ft.

The price of 1-3BHK houses range between Rs 30 lakh and Rs 85 lakh, while the price range of 2 BHK houses lie between Rs 38 lakh and Rs 66 lakh. Residential plots fall within a price range of Rs 60 lakh and Rs 4 crore.

The rent culture in Pimpri is quite upbeat. The average rent of apartments in this area is Rs 13 per sq. ft, whereas the average rent of independent houses is Rs 12 per sq. ft. The rental price of 1-3BHK apartment units range from Rs 8,500 per month to Rs 19,500 per month. The rent of 2BHK independent houses lie between Rs 10,000 per month and Rs 12,500 per month.

Commercial market trends

The commercial market in Pimpri is on par with its residential market. The average rate of offices is Rs 10,150 per sq. ft., while the average rate of shops is Rs 11,200 per sq. ft. The average rate of commercial plots here is Rs 3,200 per sq. ft.

The price range for offices in this area lie between Rs 65 lakh and Rs 1 crore, whereas the price for shops range from Rs 39 lakh to Rs 1 crore. The price for commercial plots range between Rs 8 crore and Rs 25 crore.

The locality’s commercial rental properties are on the rise. The average rent for offices in the region is Rs 47 per sq. ft, while the average rent for shops is Rs 51 per sq. ft. The rental for offices range from Rs 25,000 per month to Rs 91,500 per month. The rent prices for shops lie between Rs 15,000 per month and Rs 39,500 per month.

Major challenges

Bad roads, poor garbage disposal issues, ill-maintained public toilets and water scarcity are a few of the civic issues hovering over Pimpri for the last few years. Although the civic authorities are making an attempt to tackle these challenges, these issues persist.

Factors for growth in the future

The completion of residential projects such as Antheia, Sukhwani Niketan, Wisdom Park and Vaibhav Arcade shows that the residential market of Pimpri is in good health. More builders are now showing interest and it’s likely that a large number of mid-segment and premium apartment projects will come up in the locality.

The Pune International Exhibition and Convention Center (PIECC) is a major project that’s soon going to come up in the region around Pimpri. The Pimpri-Chichwad New Town Development Authority (PCNTDA) is responsible for completing this project, which will host office spaces as well as reputed hotels, and prove to be a prominent trade center for the city. Once launched, it would enhance growth in the Pimpri Chinchwad area, thereby transforming it into a self-sufficient locality.