NIBM is one of the rapidly developing suburban locality of Pune. It is situated in the south-eastern parts of the Pune city. This locality comes under the jurisdiction of Pune Municipal Corporation (PMC). The locality has close proximity to famous National Institute of Banking Management (NIBM and Ramtekdi Industrial Area. Other prominent localities situated close to it are Kondhwa, Wanowrie, Mohammed Wadi, Wanwadi, Undri, Handewadi, Pisoli, Katraj etc. It is very closely located to Hadapsar, which is one of the major commercial zones of Pune and has three SEZs – Phursungi IT Park, Magarpatta City, and The Amanora Park Town. Many IT companies such as Honeywell, TCS, IBM, and Accenture have their branches around there. The locality also houses a number of tourist spots. There are varieties of residential projects available in this area ranging from affordable to luxurious. The civic amenities have also improved a lot. The industrial growth and the growth of IT sector have motivated the development of retail and hospitality sectors in this locality. Some of the key residential projects in NIBM are Nyati Evara, Raheja Vistas Premiere, Kohinoor Reina, VTP Celesta, Ornate Celestial, K Raheja Vistas Phase III among others.
Connectivity and Transit points
The Kondhwa Road, Mumbai-Hyderabad-Highway/the Solarpur Road, Mohammed Wadi Road, and NIBM are the major roads passing off the locality which further has its access to Katraj Bypass Road (NH 68) via Kondhwa Road.
The locality has extensive bus services by PMPML and, Katraj Bus Stand and Market Yard Bus Depot lies in close vicinity.
It enjoys excellent connectivity to Pune International Airport which is located at a distance of 20.9 km via Beed-Ahmednagar Road-Pune Road/Magarpatta Road/Mundhwa-Kharadi Road.
Saswad Road, Ghorpuri, Pune Junction, Hadapsar are nearby railway stations to NIBM. However, Pune Junction is the major and the nearest railway station to NIBM which is located at a distance of 9 km via Wanawadi Road.
Factors for past growth
With emergence of different IT majors and other multinational companies, The Pune city has been experiencing an increase in migrated people outside the city due to vast job opportunities. As a result, there has been a rise in buying properties in NIBM.
Factors for future growth
Hadapsar, which is one of the major commercial zones of Pune and has three SEZs – Phursungi IT Park, Magarpatta City, and The Amanora Park Town. Many IT companies such as Honeywell, TCS, IBM, and Accenture have their branches around there. The locality offers lots of job opportunities every year. People coming from outside and work in those companies want their home close to their workplace. As a result, rental demand can been seen in the years to come.
Employment hubs near NIBM
Reliance Corporate IT Park
Navale IT Park
Pune IT Park
Social & Physical Infrastructure
NIBM offers very good social infrastructure to its residents. Some of the reputed schools in NIBM include Delhi Public School (DPS), VIBGYOR High School, Sanfort, Euro School Undri, Vatsalya School, Lexicon Kids, sanskriti School among others. It also house some famous colleges and educational institutions nearby. These are RIMS International School and Junior College, Guardian Junior College, Digital Vidya, Noble College of Commerce & Information Technology, Rosary Junior College, St. Mathews Academy and Junior College etc.
Healthcare facilities are also good in the locality. Some of the leading hospitals providing healthcare facilities to the residents of NIBM include Lifeline Hospital, Satyanand Hospital, Noble Hospital, Villoo Poonawalla Memorial Hospital, Pawar Hospital, Shivshankar Pote Hospital, Sahyadri Hospital, Satyanand Hospital etc.
The shopping needs of the residents are catered by malls in NIBM such as Dorabjee’s Mall, Gera Mall, Girme Heights, More Shopping Mall, Pantaloon Dorabji Mall to name a few. Apart from that, this locality is home to retail outlets of famous national and International brands such as New India Retail Outlet, Pantaloons, Max, My Jio Store, Balaji Retail Outlets, Bata India Outlet among others.