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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

NIBM Road- Kondhwa is a premium residential locality situated in the southern part of Pune, bordering Wanowrie, Undri, and Lullanagar. The pin code of NIBM Road- Kondhwa is 411048. This cosmopolitan neighbourhood attracts IT professionals and families, featuring landmarks like Clover Hills Plaza and the NIBM reserve forest. Residents frequently access RIMS International School and Sana Hospital for their daily needs. Swargate Metro Station on the Purple Line is the nearest transit point, located 7.5 km away. Key routes like NIBM Road and Kondhwa Road link the area to Pune Junction Railway Station in 25 minutes. The 2026 average property rate ranges from Rs. 7,500 to Rs. 9,500 per sq ft, dominated by multi-storey apartments.
| Locality | Property Price per sq ft* |
|---|---|
| NIBM Road- Kondhwa pune | Rs. 7,000 to Rs. 9,500 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 12,000 to Rs. 15,000 |
| 2 BHK for rent | Rs. 16,000 to Rs. 22,000 |
| 3 BHK for rent | Rs. 24,000 to Rs. 30,000 |
This premium residential destination in southern Pune has seen a strong shift in property dynamics. Buyer demand remains high, driving a significant 14.7% capital appreciation in the past year alone. Property buyers can expect purchase rates ranging from Rs. 7,000 to Rs. 9,500 per sq ft depending on the project. Conversely, the rental market experienced a correction of -21.4% over the same period. Monthly rental rates now range from Rs. 14,000 to Rs. 28,000 per month. This price adjustment makes the area highly attractive for tenants seeking spacious apartments near major commercial zones. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
NIBM Forest Reserve is a prominent landmark in NIBM Road- Kondhwa. Some more include:
NIBM Road- Kondhwa is well-connected through NIBM Road and the following roads:
Swargate Metro Station on the Purple Line is the closest public transit option, located 7.5 km away. Some more include:
The nearest railway station and airport are Pune Junction Railway Station, which is located 9 km away, and others:
NIBM Road- Kondhwa is well-equipped with numerous top educational institutions, such as RIMS International School and Vibgyor High School, along with:
Some reputed healthcare places near NIBM Road- Kondhwa include Sana Hospital, and others:
You can access Clover Hills Plaza and Dorabjee's Royale Heritage Mall easily from NIBM Road- Kondhwa pune. Some more include:
These localities are located around NIBM Road- Kondhwa:
Here are some of the major employment centres near NIBM Road- Kondhwa:
The popular landmarks within NIBM Road- Kondhwa are:


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Kumar Properties has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
