Real estate market of Pimple Nilakh located in western part of the city Pune is driven by factors such as affordability, easy connectivity to the commercial hubs and proximity to the prominent localities like Aundh, Wakad, Baner, Hinjewadi, Rahatni and Pimple Saudagar. The capital value of properties in the locality has appreciated by approximately 20 percent in last two years. According to the Housing Sentiment Index Report, all of these aforementioned localities including Pimple Nilakh witnessed maximum demand for properties from end users and they are the ones who are the most optimistic about the improvement of sentiments of Pune’s realty market. Most of the end users are salaried professionals with a limited budget hence they look for mid-priced housing segment. Moreover, affordable apartments have always been the most preferred housing category for people residing in Pune. Properties in the price range of 30-35 lakhs are the highest in demand which quite noticeably signifies that there is a huge demand for resale flats, house, and villas in Pimple Nilakh, Anudh, and other neighboring localities.
Buyers with an annual income of fewer than 10 Lakhs prefer to invest in the resale house in Pune, Pimple Nilakh because it is quite close to the Hinjewadi IT hub. It has proficient a vertical growth in property rates on the reason of the leading IT culture in the Western area. It is seeing great demand from equal investors and end users. Apart from sufficiently enabled bus transport system, the locality is close to the Lohegaon airport and situated to Mumbai-Pune expressway.
Pimple Nilakh gets the spillover demand from Aundh and Baner along with from Pimpri-Chinchwad and some of the manufacturing-driven demand from Talegaon. An important sum of commercial creations around this area has proven valuable by starting the overall growth at Pimple Nilakh. A steady increase of around 15-20% /Annum, rates have efficiently doubled there in half a decade - a fact that has not been lost on stockholders.
The commercial launches nearby have wedged the real estate market of Pimple Nilakh to some level, with the affordability cause substitute as a substance for buyers in Pimple Nilakh. Having overwhelmed problems of infrastructure development and connectivity in the past, Pimple Nilakh still absences prepared plans of social organization. However, outstanding to its closeness to major commercial hubs, Pimple Nilakh enjoys good exterior convenience of the social organization in its neighbouring places.
By the Increasing popularity of this location, the Government has acknowledged the essential to talk the growth of more community structure in this palce, which is growing fastly in the tail of Aundh and Baner.