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- August 26, 2022
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10 facts about NIBM that you should know
Buying a home is a big decision you need to make after weighing several factors. You may have some stringent terms for buying a home. That way, you can ensure your family’s safety, accessibility to important places nearby, and better returns if you only want to invest in a property.
If you are looking to buy a property at NIBM Road in Pune, there can be several aspects you might want to consider. However, to simplify it for you, we have narrowed them down to ten. So here are some things you need to know about NIBM Road.
- Plenty of residential options
NIBM Road has a range of residential options from 1-3 BHK homes to independent floors and lavish villas. The locality has been a hot favorite among young and old families, retired professionals, IT industry folks, defense veterans, etc. Even NRIs couldn’t resist investing in properties through real estate property management companies in NIBM Road due to lucrative returns that are guaranteed in the near future.
- Competitive pricing
When we look at the NIBM Road locality and its housing prices, they are quite cheaper as compared to other localities in the vicinity like Kalyani Nagar and Magarpatta. The same is also applicable to housing rentals. It thus makes NIBM Road an ideal destination for investors looking to get good returns. For example, the average per sq. ft. rate in NIBM Road is 7,000, while the same in Kalyani Nagar is 11,000.
- Proximity to important roads
NIBM Road connects to several other crucial areas in Pune through the Mumbai-Hyderabad and Kondhwa roads. The Mumbai-Pune Expressway is just a two-hour drive.
- Proximity to transportation
The railway station of Pune is around nine km from NIBM, while the Lohegaon Airport is 16 km away. Though the city witnesses traffic, it should take around half an hour for you to visit these places depending on traffic. The Market Yard Bus Depot and Katraj Bus Stand are within a distance of 7 km.
- Proximity to places of entertainment
Shopping hubs like Clover Hills Plaza, Royale Heritage Mall, and BIZZBAY Mall are within a radius of 1-2 km. INOX Cinemas near Mohammed Wadi is also just 2 km away, where you can head to watch your favorite movies. Shaheed Abdul Hameed Park, Nehru Park, and Vijay Park are some other places ideal for children and the elderly.
- Proximity to medical facilities
NIBM Road has several medical institutions close by. These include Golwilkar Metropolis Health Services, Suyog Life Care, and Child Health Care are within a radius of 5 km. As the area is one of the prime localities, you can expect more healthcare facilities in the near future.
- Proximity to educational institutions
Besides the National Institute of Bank Management, there are several other educational institutions in the vicinity. These include RIMS International School and Noble College of Commerce and Information Technology, to name a few.
- Proximity to offices and commercial centers
The Magarpatta IT Park is just 9 km away, while Hadapsar is only 8 km away. If you own a personal vehicle, you can reach these places within 15-20 minutes. Besides the offices of IT giants, Hadapsar and Magarpatta also have several other commercial establishments.
- Investment potential
On average, the property rates in NIBM Road have gone up by around 10% from 2016. This is despite the slowdown of the economy due to the pandemic since March 2020. As the world is going back to normal and people return to cities, property rates will only increase with time.
- Availability of property consultants
NIBM is also home to leading property management services providers like Estate Corporation. We provide comprehensive real estate management services to help you make the most of your next property investment. We have been in the business of real estate and property management for over decades and are an ideal option to help you identify lucrative housing options. If you are looking for the best property management services in Pune, look no further.
Bottom line
No matter what happens in the real estate segment, knowledge and awareness are always power. This is especially true when you want to invest your hard-earned money. The more you know about real estate in and around NIBM Road, the better your experience can be. Always remember that an informed buyer is in a better position to make a smart choice in purchasing a residential property.
