Why should one buy a property in NIBM Annexe?

Q: Is the locality of NIBM Annexe good for buying property? What is the current property rate there? Is there any proposed and planned infra on table?

Wasim Mohammad, Pune

21st August 2018

Investment Advice in NIBM Annexe , Pune

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I agreed with Ramdas Palsule. I have a 2 BHK Flat in this area and living last 3 years and did not face any issue. Apart from that, it has emerged as a prominent residential destination for the workforce employed in central areas like the Cantonment, Camp area as well as areas like Kalyani Nagar and Hadapsar which have resulted in the development of several residential, commercial and entertainment hubs nearby. Proximity to major IT Hubs of Pune such as Lohia Jain IT Park, Magarpatta IT park, The Cerebrum IT Park and Pune IT Park has been a plus point for NIBM Annexe, driving rental demand and providing consistent rental yield.

Upendra Limaye, Pune

22nd August 2018

Comment

Above mentioned facilities make NIBM a lucrative option to invest in commercial and residential property. The government has also taken up development of infrastructure in this area on a fast track basis leading to a sudden spurt of many new roads which are making living in this area very convenient and comfortable in near future.
Though people already know the growth potential of this area, top real estate developers in Pune have kept pricing very affordable and hence this is not just the best area in Pune to invest in, but it’s also the best time to invest. Also, there are so many Luxury projects in nibm are in under constructions.

Kundan Spaces presents Presidia, 3 & 3.5 BHK luxurious flats in NIBM Pune with a bunch of lifestyle amenities and high-end specifications. Its unblemished design with the finest space planning and infrastructure makes it the perfect choice to reside on.

patilrishi, Pune

19th October 2018

Of course yes. NIBM Annexe is a well-known developed residential locality of South Pune. It is an extension to NIBM Road. It shares its proximity to Camp and the Cantonment area. Wanowrie, Wanwadi, Undri, Kondhwa, Fatima Nagar and Hadapsar Gaon are its neighboring localities. It has an advantage of being closer to MG Road. This locality is situated from Magarpatta IT Parks. The transport system of this area is good. PCMC owned buses served the area and connect NIBM Annexe to the other parts of the Pune city. The current property rate in the locality is Rs.4450 - 6600 per sqft. If you are planning to buy a flat, this is the right time for property buyers as the property rates have dropped marginally.

Upendra Limaye, Pune

22nd August 2018

Comment

As far as locality's connectivity is concerned, NIBM Road, Kondhwa Road, Kedari Nagar Road, VR Shinde Road are the major roads passes through the locality which further connects it to the Mumbai Highway via Wanawadi Road and Parvati Road. Pune Junction is the nearest railway station to NIBM Annexe situated at a distance of 11.6 km via Prince of Wales Road while Pune International Airport is located at a distance of 14.4 km via Airport Road. All the daily basic need are located within 1-2 km radius.

Ramdas Palsule, Pune

22nd August 2018