Real estate developments along Prabhat Road
Named after the famous Prabhat Studios, Prabhat Road is a serene residential locality, on offshoots from the Bhandarkar Road. The areas around the road are among the high class localities in Pune, and are preferred by the up market and higher middle echelons of society.
Social Infrastructure
The Film and Television Institute of India, which was earlier popular as the Prabhat Studios, lies on this road. Deccan Gymkhana and Tilak Tank are two among the other famous regions along this road. In addition to the developing infrastructure and real estate sector, proximity to world-class educational facilities add to the advantages of investing here. The Symbiosis School and Sou Vimlabai Garware Junior College are located on this road, in addition to the Fergusson College Campus and Symbiosis Institute Of Computer Studies and Research, which lie at a distance of less than 4km and 3km, respectively.
Connectivity
The areas around Prabhat Road is well connected to other parts of the city through a number of roads, lanes and bypasses. Prabhat Road is connected to a number of roads like FC Road, JM Road, LB Shastri Road and Karve Road, enabling easy transportation to different areas like Shivaji Nagar, Sadashiv Peth, Kelewadi etc. Pune Railway Station lies at a distance of less than 7km from Prabhat Road, which enhances the connectivity to the region.
Residential projects
The areas along Prabhat Road offer a serene and peaceful living. Being on of the poshest areas in Pune, top-notch developers and builders have launched their state-of-the-art projects here, targeting the upper class home-buyers.
Alliance Bel Heaven by Alliance Group, Sankruti Prabhat by Sankruti infrastructures & Developers Ptd Ltd. and Surana Vrind by Surana Associates Promoters & Builders, all of which feature 3 and 4BHK apartments; Jalsa by Mind Space Realty Pvt.Ltd.,Pandit Krupa by Pandit Javdekar Construction featuring 4 BHK apartments; and Utkarsh by Acumen Developers Pvt.Ltd. and Naiknavare Sonejai by Naiknavare and Developers Pvt Ltd., featuring 2 and 3 BHK apartments, are some of the major residential projects of the area. The size of the apartments offered through these projects vary from 1500 -3000sq.ft and the price ranges between 90 lacs – 5 crores.
Price trends
At present, multistorey apartments are sold at a price of Rs.15,200/sq.ft, and the rental value of the same is about Rs.20/sq.ft. As per market reports, the areas along Prabhat Road witnessed an appreciation of about 12% in the sale price of multistorey apartments during the second quarter of 2013, when compared with the second quarter of 2012. The rental values of apartments also witnessed a growth of about 5%, during the period.
