Shivaji Nagar
Avg. Rate
₹ 17,982/sq. ft
Locality Rating
9.5/10
Shivaji Nagar, formerly known as Bhamburde during the Peshwa era, holds a significant place in Pune's historical and cultural fabric. It was once a village settlement comprising areas like Pulachi Wadi (now Deccan), Wadarwadi (today's SB Road vicinity), and Wakdewadi, with the Shirole Patil family serving as both village heads and warriors in the Maratha army. The area was renamed Shivajinagar after independence, reflecting a nationalistic reimagining of urban identities. Today, Shivaji Nagar stands as a central hub in Pune, combining heritage with modern urban life. It is strategically located near the Old Mumbai-Pune Highway and serves as a vital link between key commercial and educational zones. The locality thrives with commercial energy, hosting numerous businesses, retail outlets, and educational institutions that attract students and professionals alike. Real estate in Shivaji Nagar features a mix of older residential structures and 77 ongoing or completed housing projects, with an average 2BHK price of ₹1.3 crore and a per-square-foot rate of ₹19,180. Despite challenges like traffic congestion, its central location and strong connectivity make it a sought-after zone in Pune's property market.
Region
Pune Center
City
Pune
District
Pune
State
Maharashtra
Pincode
411005
Population
60,000
Schools
5
Nearest Airport
Pune Airport (PNQ)
Neighbourhood Insights by
The Good
Shivaji Nagar's central location provides easy access to major areas of Pune, including commercial districts, educational institutions, and recreational spots.
The area is bustling with commercial activity, offering a wide range of shopping, dining, and entertainment options for residents and visitors.
Shivaji Nagar is home to prestigious educational institutions, providing quality education and research opportunities for students and scholars.
Shivaji Nagar is well-served by public transportation, including buses, auto-rickshaws, and taxis, ensuring convenient travel within the city.
The Bad
Shivaji Nagar experiences heavy traffic congestion
Aurum Price Index for Shivaji nagar
Normalized to 100 · Oct 2020 baseline
Timeline
Aurum Price Index is based on 10 parameters:
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Rates and Trends
Timeline
Average Rate
₹ 17,982/sq. ft
Average Price Range
₹ 8,956 – 35,556
Trend (5Y)
▲ 59%
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Frequently Asked Questions
The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in
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