Property Rates in Nigdi Pune

Location Summary: Nigdi

Nigdi is a suburban locality situated in the northwest part of Pune, Maharashtra. It is located in close proximity to the industrial areas of Pimpri-Chinchwad and is well-connected to other parts of the city through the Pune-Mumbai Expressway and Pune-Bangalore Highway. The locality is known for its affordable housing options and good social infrastructure.

Details:

Rental Rate: The average rental rate in Nigdi is ₹18 per square foot. This makes it an affordable location for tenants looking for rental properties.

Sales Transactions: In the past year, there have been 164 sales transactions in Nigdi. This indicates a healthy demand for properties in the area.

Gross Sales Value: The total gross sales value of properties sold in Nigdi is ₹101 Cr. This indicates that the real estate market in the area is stable and growing.

Current Rate/Sq.ft: The average current rate per square foot in Nigdi is ₹8,062. This is a reasonable rate compared to other parts of Pune.

Overall, Nigdi is a good location for real estate investments due to its affordable housing options, good social infrastructure, and growing real estate market.

Looking for the top selling projects in Pune's Nigdi area? Look no further than Top Selling Projects by Value. This collection of properties boasts some of the most impressive rates and sale/rent values in the area, making them the most sought-after projects currently available.

At the top of the list is Nest Saswad The Saga, with a sale/rent value of ₹21 Cr. This impressive property is followed closely by Adi Elements, with a current rate of ₹9,537 and a sale/rent value of ₹18 Cr.

Other notable properties on the list include City One Panache with a current rate of ₹8,188 and a sale/rent value of ₹13 Cr, and Kute Sonchafa with a current rate of ₹7,973 and a sale/rent value of ₹5 Cr.

Rajendra Cherish, Kailash Kute Sukhvastu, Rigved Kingston, Prithvi Shaurya Sky One, and 24 Carats are also included in this impressive list, offering a range of options for buyers and investors.

If you're looking for the best of the best in Pune's Nigdi area, Top Selling Projects by Value is the perfect place to start your search. With a range of impressive properties and unbeatable rates and sale/rent values, you're sure to find the perfect investment for your needs.

Location Sales Trend: Nigdi

Nigdi, a suburb in Pune, has been witnessing a steady growth in the real estate market. The average rate per square foot for the area has been fluctuating over the past few quarters. According to the data provided, the average rate per square foot for Nigdi in Q1'22 was 8623, which decreased slightly to 8598 in Q2'22. However, in Q3'22, the rate dropped significantly to 8105. There was a slight increase in Q4'22 as the rate climbed up to 8460. The trend continued in Q1'23 with the average rate per square foot being 8418.

On the other hand, the number of transactions in Nigdi has been relatively stable, with a slight dip in Q2'22. The data shows that in Q1'22, there were 33 transactions in the area, which reduced to 28 in Q2'22. However, the number of transactions picked up again in Q3'22, with 30 transactions recorded. In Q4'22, there was a significant drop in the number of transactions, with only 19 recorded. However, the number of transactions showed a slight increase in Q1'23 with 22 transactions recorded.

Overall, while the average rate per square foot in Nigdi has been fluctuating, the number of transactions has been relatively stable. These trends suggest that Nigdi is a promising location for real estate investment, and potential buyers should keep a close eye on the market to make informed decisions.