Pashan locality review

Q: I am new to Pune and my office is in Hinjewadi. I am interested to know how is Pashan as a locality as it is close to Hinjewadi.

Jackie,

28th May 2014

Locality Review in Pashan, Pune

pune real estate

pashan locality review

apartments in pashan

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Replies (6)

It seems Pashan in Pune has witnessed an appreciation of Rs 20 lakhs in just 2 years. This means a property which was priced Rs 46 lakhs in 2012 now it is priced for Rs 66 lakhs in 2014. So, if you are planning to buy a prime address along with capital returns in a short time, Pashan can be considered.

Nitesh Patil, Pune

23rd July 2014

Comment

I heard Kolte Patil, DSK are reputed developers in Pune.

Thanks

Ajit Vichare, Thane

2nd June 2014

Comment

Which are the active builder or developers in this locality? Also provide me some name of good project in the locality? How is the real estate market in Pashan?

Jackie,

28th May 2014

Comment

Some of the active developers in this area include Rujuta Developers, Garden Developers, Samarthshree Promoters and Shree Bal Developers.

Sai Krupa Phase 2, Neeti Swarangan A&B, Gaikwad Vaidehi Saaketand Venus Heights Phase II

The rapidly growing property values and the increasing presence of developers are good indicators of the popularity of the area. Those who invested in the area two years are already reaping the fruits. With the constant steady growth in property values in the area, one can definitely expect further appreciation in the near future.

Nitesh Patil, Pune

28th May 2014

What is the price trends going on in Pashan? How much appreciation I can expect?

Jackie,

28th May 2014

Comment

The average property value per sq. ft. was about Rs 4,700 during the last quarter of 2011 while it was about Rs 6,300 per sq. ft. during the last quarter of 2013, a hike of almost 35 per cent in two years. The current property price going on in this area is Rs 6500. You can definately expect good appreciation.

Nitesh Patil, Pune

28th May 2014

One can find apartments of various configurations in Pashan. The most commonly available configurations are 1 and 2BHK apartments with sizes varying from 550-700 sq. ft. and 800-1,300 sq. ft. respectively. While a 1BHK apartment costs about Rs 30-50 lakh, the cost of a 2BHK apartment may go up to Rs 80 lakh.

Sishir,

29th May 2014

The price of the property in Pashan starts from Rs 30 lakhs and can exceed up to Rs 2 crores, depending on the size of the apartment you are looking for. Flats, overlooking the main roads such as Sus Road and Link Road, are expensive and cost at least Rs 60 lakh.

Varun,

23rd July 2014

How is the connectivity? Is the area easily accessible from other parts of the city?

Jackie,

28th May 2014

Comment

It is ust about 15 km from Hinjewadi, which is one of the main IT SEZs in Pune. The Mumbai Pune Bypass Road, which is a part of National Highway 4 passes through the area and connects it to various other cities in Maharashtra and the country. The area also lies just off the Mumbai-Bangalore Highway. As such, Pashan enjoys very good connectivity. There are regular PMPML buses from various areas to Pashan. The nearest railway station is just 10 km away while the Pune International Airport is about 15 km away.

Varun,

28th May 2014

Pashan is well connected to Baner, Aundh, Bavdhan, University Square, Sus village via excellent roads. Suttarwadi, Abhinav Collge and Pashan village are the major stops for PMPML buses.

Nitesh Patil, Pune

29th May 2014

Some of the notable establishments within Pashan include Indian Institute of Tropical Meteorology (IITM), National Institute of Virology (NIV), Armament Research and Development Establishment (ARDE) and Indian Institute of Science Education and Research, Pune (IISER). One of the key attractions in the area is the Pashan lake and its Bird Watching Zone, where one can watch several migratory birds. A Baner-Pashan Biodiversity Park too has been proposed by the Pune Municipal Corporation.

Varun,

29th May 2014

Pashan, a western suburb of Pune has witnessed a good growth in property values within two years. Proximity to the growing Hinjewadi IT SEZ is quoted as the main reason for this growth in property values. Along with that, a good infrastructure and social amenities too have contributed to this growth. Pashan's realty has grown in a rapid manner within two years.

Varun,

28th May 2014

Comment

Pashan locality is very calm, beautiful and has quite surrounding, yet close to daily need and IT Hub of Pune City. The locality is developing as a good residential destination as the area is away from hustle and bustle of the city.

Sishir,

29th May 2014