Sector 16, Pune

sector 16 is located in chikhali village in the pimpri-chinchwad region of Pune. sector 16 is considered a prime location due to its rapid development in real estate and social infrastructure. there have been many recent developments that took place in this locality over the past decade.

the average price of this locality is 5,769 / sq ft. there has been an increase of 36.4% rate in avg price / sqft since the last two years due to increased social amenities. almost all of the properties in this locality lie in the range of 60 lakhs to 80 lakhs whereas 78% of the rental properties lie in the range of 5,000 - 15,000.

key highlights :

• major hospitals like lotus multispeciality hospital and astha hospital are nearby
• good connectivity to chikhali, talwade, and moshi
• upcoming posh locality

whats great? :

• developed social amenities
• close proximity to akurdi station
• brts bus route available 
• low pollution

whats not great? :

• roads are small compared to other parts of pune
• planned load shedding

Watch out for? :

• prices for this location are increasing steadily as this is close to midc it park and hinjewadi it park. this attracts lots of it crowd for residence.
• on weekends one can travel to lonavala and khandala as sector 16 stands in between pune and lonavala.

property rising factor :

• short term -

• development in social amenities like hospitals and parks.
• the locality is considered to be a prime location for the it crowd as it is cheap compared to other locations in pune.

• long term -

• sector 16 is expected to proliferate as the it infrastructure around it is increasing on a vast speed. many helipads have also been constructed, thus attracting lots of tourists for helicopter rides and film shoots.

other highlights :

• social infrastructure -

• sector 16 is a prime location in the pimpri-chinchwad region.
• police station is nearby.
• hospitals, schools and railway stations are nearby.

• shopping complexes & markets -

• rajasthan fashion ( 800 m )
• premier plaza mall ( 6.3 km )
• konkan fish market ( 2.0 km )
• westside ( 6.1 km )

• health care centres -

• express clinics moshi ( 350 m )
• kailas medical clinic ( 600 m )
• shree vishwajanani ayurved clinic ( 800 m )
• venus womens hospital and ivf centre ( 300 m )
• family clinic and daycare ( 3.9 km )

• connectivity and public transport -

• chinchwad junction ( 5.5 km)
• Pune international Airport ( 20.5 km)
• pimpri chinchwad msrtc bus stand ( 6.1 km )
• raje shivaji nagar bus stop ( 850 m)

• schools, banks and fitness centres -

• schools :

• beacon high school ( 1.3 km )
• global talent international school ( 700 m )
• sri sri ravishankar vidya mandir ( 2.5 km )
• tiny tots school ( 1.0 km )
• gsk english school ( 850 m )

• banks & atm :

• banks

• indian bank ( 5.2 km )
• the muslim co-operative bank ltd ( 4.3 km )
• state bank of india ( 3.4 km )

• atms 

• state bank of india atm ( 1.7 km )
• axis bank atm ( 3.0 km )
• icici bank atm ( 1.3 km )
• union bank atm ( 2.5 km )

• fitness centres :

• herbalife office ( 600 m )
• samrat gym ( 1.2 km )
• swasthya yoga center ( 600 m )
• fitness nutrition ( 950 m )

• popular landmarks near locality

• shaniwar wada ( 20.1 km )
• laxmi road ( 21.2 km )
• aga khan palace ( 22.5 km )
• pimpri chinchwad science park ( 4.8 km )

micro market analysis :

• capital and rental trends -

• price trend analysis has shown sector 16 showing an upward trend since the last six months. there has been an increase of 9% in the prices of properties in this locality.
• a 3 bhk apartment in this locality costs around 75 lakhs. 
• renting a 3 bhk apartment would cost around 9,000 -25,000 to your pocket.

• scope of growth -

• with the upcoming construction to make this locality a smart city, the price of this locality will be witnessing a surge in the prices
• as this locality is in huge demand by it employees migrating to the city, there have been many infrastructural projects underway to make this city more developed.

• investment opportunities -

• price trend analysis recommends a 2 bhk apartment as it is a reasonable share of price compared to the upcoming prime location it has become. with many employment hubs, the prices of this locality are going to be boomed and hence residential investment during this period of time is beneficial in the long term for investors.