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NIBM is a sought-after locality in the city's southern part, adjacent to Kondhwa, Kausar Baugh, and Salunkhe Vihar Society. Spanning approximately 7.22 km², NIBM boasts a population density of 12,880 individuals per km², with a balanced male-to-female ratio.
This suburban area offers a mix of residential apartments and independent houses, catering to varied accommodation needs. NIBM is renowned for its connectivity via NIBM Road, linking it to major parts of South Pune and proximity to prominent employment hubs like Cybercity and SP Info City within a 10 km radius.
Attractions in and around NIBM include the Anand Van Reserve Forest and Mahadji Shinde Chhatri, appealing to nature enthusiasts. The locality is favoured for its diverse housing options, from affordable to premium segments, facilitated by renowned developers. With the ease of access to NH-60 and NH-65, NIBM ensures seamless connectivity to neighbouring areas like Swargate, Kharadi, and Koregaon Park.
NIBM boasts an impressive average price for flats, starting at Rs. 6,800 per square foot. The average price has appreciated 14.6%, and NIBM has a rental yield of 5.2%. This thriving rental market makes it attractive for investors seeking property appreciation and rental income.
The locality stands out due to the active involvement of renowned developers such as Lodha Group, Kundan Spaces, Tribeca Developers, K Raheja Corp, Goel Ganga Group, and Mjaestique Landmarks, providing confidence to potential investors.
Here is statistical data to understand the price trends in NIBM, Pune:
Year | Price/Sq ft |
---|---|
2019 | Rs. 5,850 |
2020 | Rs. 5,900 |
2021 | Rs. 6,400 |
2022 | Rs. 7,100 |
2023 | Rs. 7,100 |
2024 | Rs. 6,800 |
Disclaimer: The above prices are based on data collected from different sources and do not reflect the actual price. The price may vary depending on the developer, location, and amenities.
The presence of reputed schools, well-equipped hospitals, and diverse restaurants enhances residents' overall quality of life. Some of them are listed below:
Leading Schools | Renowned Health Centres | Eating Zones |
---|---|---|
K J College of Engineering | Lifeline Hospital | Barbeque Nation |
Joseph Convent School | Satyanand Hospital | Adda by SRN |
Sankalp English Medium School | Sana Hospital | Shifu's NIBM |
Marathon International School and Junior College | Arcus Hospital | Beto's Bar and Kitchen |
Sinhgad College of Commerce | MH CTC Hospital | Levitate NIBM |
The PIN code of NIBM is 411048. It is situated in Pune, Maharashtra.
NIBM is renowned for its strategic location in Pune, Maharashtra. It is famous for attractions like Lal Mahal, Aga Khan Palace, Hill View Point and Taljai Hills. Additionally, the area is known for its vibrant residential projects and connectivity to major roadways and transport hubs like Hadapsar Railway Station.
NIBM is an excellent residential option with ready-to-move-in projects. It is near prestigious schools like Sanskriti School, Ryan International, and Boston World School, as well as healthcare facilities like Satyanand Hospital, Arcus Hospital, MH CTC Hospital, and Command Hospital.
The strategic location ensures convenient transportation, and nearby malls like Royal Heritage Mall, Clover Hills Plaza, and Lighthouse Mall and green spaces like Nehru Park, Shaheed Abdul Hameed Park and Vijay Park make NIBM an excellent place to call home.
The future of NIBM looks promising, driven by ongoing residential projects like the Lodha Bella Vitta, Kundan Presidia, Tribecca The Ark, Raheja Sterling, Ganga Xtra Life and Majestique Ephelia which enhance its growth and residents' quality of life. Furthermore, the proposed Navi Mumbai International Airport (27.5 km) and the proposed Metro connectivity, planned on Line 4 of Mumbai Metro, are expected to thrive and boost the locality’s economy.
1 BHK in NIBM costs in the range of Rs. 17 Lakh to Rs. 44 Lakh.
The average size of a 1 BHK in NIBM is 451 sq ft.
The rent of 1 BHK in NIBM is around Rs. 7,500 to Rs. 15,000 per month.
2 BHK in NIBM costs in the range of Rs. 48.2 Lakh to Rs. 97.6 Lakh.
The average size of a 2 BHK in NIBM is around 970 sq ft.
The rent of 2 BHK in NIBM is Rs. 12,500 to Rs. 30,500 per month.
3 BHK flats in NIBM cost around Rs. 87.5 Lakh to Rs. 2.41 Crore.
The average size of a 3 BHK in NIBM is 1274 sq ft.
The rent of 3 BHK in NIBM is Rs. 24,500 to Rs. 60,000 per month.
4 BHK flats in NIBM cost in the range of Rs. 1.65 Crore - 4.25 Crore.
The average size of a 4 BHK in NIBM is in the range of 2100 sq ft.
The rent of a 4 BHK in NIBM ranges from Rs 47,500 to Rs 90,500 per month.
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