Situated in the western part of Pune, Pimple Nilakh is a suburb of Pimpri-Chinchwad . Located close to Mumbai-Pune expressway, Pimple Nilakh is accessible to places like Wakad, Hinjewadi, Baner, Aundh, Pimple Saudagar and Rahatni, among others. The nearest airport is the Lohegaon airport.
Talking about the popularity of the area, Shantanu Mazumder, Branch Head- Pune, Knight Frank India says, “Due its proximity to the Mumbai – Pune expressway and Hinjewadi IT Park, Pimple Nilakh came into the limelight. With its nearness to established locations like Baner and Aundh , where property prices are at their peak and unaffordable for the mid-income segment, Pimple Nilakh seemed a fair option.” Pimple Nilakh’s proximity to places like Aundh, Baner and Wakad has made it a preferred destination , and developers like Goel Ganga Group, Kolte Patil Developers Ltd and Nandgude Patil, among others, have projects here.
Goel Ganga Group has their project Ganga Panama in Pimple Nilakh. Atul Goel, MD, Goel Ganga Group says, “Pimple Nilakh is a prime area, and can be called Aundh extension.”
Kolte Patil Developers Ltd has their project Glitterati under their brand 24K here. Yogesh Mehra, Senior VPSales & Marketing (Business Development ), Kolte Patil Developers Ltd says, “The configurations of our project are 3 and 4 BHK. Apart from amenities like club house, swimming pool, landscaped gardens, we are also providing housekeeping services, property management and concierge services, among other things.” Talking about the area, Mr Mehra says, “Pimple Nilakh is one of the crucial areas connecting Talegaon, Pimpri-Chinchwad , and Hinjewadi.”
The commercial establishments around have impacted the realty market of Pimple Nilakh to some extent, with the affordability factor acting as a catalyst for buyers in Pimple Nilakh. Mr Mazumder says, “Pimple Nilakh is just five minutes drive from Aundh, Baner and 10 minutes from Hinjewadi , which propelled real estate development in this area. The proximity to the IT hub and affordable rates are favouring growth and demand in Pimple Nilakh. The current residential property rates in Pimple Nilakh are between Rs. 4800 to Rs.5400/sqft. Rates have remained constant compared to Q1 2011 wherein it went up marginally by 4-5 % during Q3 2011.”
Mr Mehra says, “The Western side has vital commercial organisations in the city. There are several software companies, automobile companies and SMEs in these areas. People working in Hinjewadi can live in these places and find it easy to travel.” If companies rent apartments in nearby areas, executives coming in from other cities can find this accommodation comfortable .
The infrastructure is in process with construction of new roads and road widening. Mr Goel says, “The infrastructure is improving with Pimpri-Chinchwad Municipal Corporation taking development works in the area. The road widening process of Ravet is happening at a faster speed that connects to Aundh later. The connectivity to Mumbai-Pune expressway has attracted buyers from Mumbai as well.”
Mr Mazumder says, “The location continues to struggle with the issue of Public Transportation even though the Pimple Nilakh-Baner bridge built by Pimpri-Chinchwad Municipal Corporation was made operational early this year. The bridge, which was completed in September 2007, couldn’t be opened to the public due to the absence of approach roads in Baner and Pimple Nilakh that connected the two places. It now saves travel time for people residing in Baner, Balewadi, and Pashan, who travel to Pimpri-Chinchwad daily for work.”
With public transport being a problem for Punekars, Pune Mahanagar Parivahan Mahamandal Limited (PMPML) is trying to lessen the pain by providing buses that connect Pimple Nilakh to the main city and its suburbs.
Mr Mazumder says, “With improved connectivity and public transportation, the location has a lot of potential.” He feels that since there is limited availability of land the location would not hold its pricing advantage.
Speaking about infrastructure, Mr Mehra says, “Government is looking into the infrastructure . However, there is more scope for improvement in terms of schools and hospitals .”
There are options available in education, medical and shopping facilities in the vicinity but more needs to be done, looking at the future. Mentioning the facilities, Mr Goel adds, “There are hospitals like Aundh Chest Hospital and Aditya Birla Memorial Hospital , among others. There are a few established and upcoming schools near Pimple Nilakh. In fact, we are also planning to build some shops on the main road.”
Mr Mehra is of the opinion that the Navi Mumbai airport should speed up so that it will be easy for NRIs and foreigners to arrive faster and comfortably.
Though Pimple Nilakh was under the shadow of Aundh and Baner earlier, it is now making its presence felt in the real estate market of Pune.