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Shilpashree is a promising new project nestled on Karve Road in the bustling locality of Kothrud, Pune, Maharashtra. This development is designed to offer a unique living experience, blending modern design with the serene environment of Kothrud. As a new project, Shilpashree is in its initial development phase, with a proposed completion by mid-2028. The project encompasses various living spaces, meticulously planned to cater to contemporary lifestyle needs. Situated in the heart of Pune, it aims to provide residents with a convenient and comfortable urban dwelling. Shilpashree represents a thoughtful addition to the real estate offerings in Kothrud, providing an appealing option for those seeking quality residences in a well-established area.
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.

Prabhat Road is an elite residential locality in central Pune bordered by Erandwane and Deccan Gymkhana. The official pin code of Prabhat Road in Pune is 411004. This peaceful neighborhood features quiet tree-lined lanes and sits near the Film and Television Institute of India. Local residents frequently attend Symbiosis College of Arts and Commerce and use Sahyadri Super Speciality Hospital. Deccan Gymkhana Metro Station on the Aqua Line is the nearest transit point just 1 km away. Major arterial routes like Karve Road link the locality to Pune Junction railway station in 20 minutes. Average property rates range from Rs. 19,000 to Rs. 27,000 per sq ft, dominated by luxury apartments.
| Locality | Property Price per sq ft* |
|---|---|
| Prabhat Road pune | Rs. 19,000 to Rs. 27,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 20,000 to Rs. 25,000 |
| 2 BHK for rent | Rs. 28,000 to Rs. 38,000 |
| 3 BHK for rent | Rs. 45,000 to Rs. 60,000 |
Prabhat Road remains a prestigious residential pocket in Pune, characterized by high-end redeveloped apartments and independent bungalows. Recently, the locality experienced a market correction, with sale prices adjusting downward by 32.3% to reflect realistic demand. Currently, buyer prices range from Rs. 19,000 to Rs. 27,000 per sq ft. Meanwhile, the rental market has stabilized after minor fluctuations, showing an 8.0% dip in the last year. Monthly rents now range between Rs. 20,000 and Rs. 60,000 depending on the configuration. This correction offers a favourable entry point for long-term investors. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Kamala Nehru Park is a prominent landmark in Prabhat Road. Some more include:
Prabhat Road is well-connected through Karve Road and the following roads:
Deccan Gymkhana Metro Station on the Aqua Line is the closest public transit option, located 1 km away. Some more include:
The nearest railway station and airport are Pune Junction Railway Station, which is located 5.5 km away, and others:
Prabhat Road is well-equipped with numerous top educational institutions, such as Fergusson College and Symbiosis College Of Arts & Commerce, along with:
Some reputed healthcare places near Prabhat Road include Poona Hospital And Research Centre, and others:
You can access Pavilion Mall and SGS Mall easily from Prabhat Road pune. Some more include:
These localities are located around Prabhat Road:
Here are some of the major employment centres near Prabhat Road:
The popular landmarks within Prabhat Road are:


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Parulekarkale Realty 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.
