Nashik Phata, Pune: Infrastructure Developments and Real Estate Growth

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Nashik Phata in Pimpri-Chinchwad, near Pune, has rapidly evolved into a significant urban corridor in Maharashtra. Its strategic location connects key residential areas with business zones and national highways, making it a focal point for infrastructure development and real estate growth.

Nashik Phata Flyover: Enhancing Connectivity

The Nashik Phata Flyover is undergoing a substantial upgrade. The National Highways Authority of India (NHAI) has initiated the development of an eight-lane elevated flyover extending from Nashik Phata to Khed. This project includes upgrading the existing road to four to six lanes with service roads on both sides, spanning approximately 30 km. The aim is to improve traffic flow and regional connectivity

Nashik Phata Metro Station: A Transit Hub

The Nashik Phata Metro Station is set to become a crucial transit point with the proposed Nigdi-Chakan metro corridor. Maha Metro is finalizing the Detailed Project Report (DPR) for this 42 km corridor, which will pass through key localities including Nashik Phata, Bhosari, and Moshi. This expansion aims to strengthen connectivity between industrial and residential zones in Pimpri-Chinchwad.

Real Estate Trends in Surrounding Localities

The real estate market around Nashik Phata, particularly in areas like Pimple Saudagar and Kasarwadi, is witnessing significant growth. In Pimple Saudagar, property prices have appreciated by 14% over the past year, with average prices reaching approximately ₹9,046 per sq ft. Pune's overall real estate market has also seen a 10% year-on-year growth in property registrations as of March 2025, indicating strong demand and investor confidence.

Engineering Marvel: Nashik Phata Flyover

The Nashik Phata Flyover stands as a landmark in Pimpri-Chinchwad, being the first multi-tier infrastructure project in Maharashtra. Located at Kasarwadi Junction, this two-level flyover intersects the Mumbai-Pune Highway (NH-48) and Pune-Nashik Highway (NH-50), alleviating a critical traffic bottleneck.

Unique Engineering Features:

Lower Level Flyover (First Tier): Facilitates two-way traffic between Bhosari, Pimple Saudagar, Sangvi, Pimple Gurav, and Wakad. It spans 1.09 km in length, 30.6 meters in width, and stands six meters above ground. This tier includes dedicated lanes for BRTS, motor vehicles, cycles, and pedestrians, crossing the Mumbai-Pune NH, Pavana River, and Railway Line.

Upper Level Flyover (Second Tier): Designed for one-way signal-free flow from Pune to Nashik, this tier is approximately 913 meters long and 9.5 meters wide, reaching a maximum height of 20 meters. It features uninterrupted express flow without traffic signals and includes three dedicated pedestrian ramps.

The flyover project, developed at a cost of ₹103.5 crore, received joint funding from the World Bank and the Jawaharlal Nehru National Urban Renewal Mission (JNNURM). It was meticulously designed considering the region’s topography, existing traffic load, and future expansion needs, creating a seamless link between residential suburbs and industrial zones.

Impact and Benefits:

The flyover has significantly reduced delays at the previously congested Kasarwadi junction, enabling faster traffic flow between Pimpri-Chinchwad and Pune. It enhances connectivity between industrial hubs like Bhosari and residential areas such as Wakad and Pimple Saudagar, contributing to smoother logistics operations and reduced pollution due to decreased vehicle idling times.

Nashik Phata Metro Station: Enhancing Urban Mobility

Nashik Phata Metro Station, a major stop on Pune Metro's Purple Line, plays a vital role in connecting Pimpri-Chinchwad with Pune city. This elevated station began operations on March 6, 2022, marking the launch of Pune Metro services. Initially running between PCMC Bhavan and Phugewadi, the line was extended to Civil Court Metro Station on August 1, 2023, improving travel time and convenience for daily commuters across Pimpri, Kasarwadi, and central Pune.

The station provides excellent connectivity to nearby localities such as Pimple Saudagar, Rahatani, and Kasarwadi, facilitating easier commutes for residents, office workers, and students.

Nashik Phata to Khed High-Speed Corridor: A Strategic Development

In August 2024, the Union Cabinet approved the development of an elevated eight-lane express corridor connecting Nashik Phata to Khed. This 30 km stretch, part of India’s national highway connectivity plan, is being developed at a cost of ₹7,827 crore. The project involves constructing an eight-lane elevated flyover and upgrading existing roads to four to six lanes with service roads on both sides.

Project Highlights:

Length: Approximately 30 kilometers

Cost: ₹7,827 crore

Type: Eight-lane elevated road with upgraded four to six-lane service roads

Executing Body: Ministry of Road Transport and Highways

Benefits:

This high-speed corridor connects Pune, Chakan, and Bhosari, key centers for industry and logistics. It facilitates faster goods movement, particularly for the automobile and manufacturing sectors, which rely heavily on timely transportation. The improved road structure also benefits daily commuters by reducing traffic jams and travel times, contributing to lower pollution levels due to decreased vehicle idling.

Nashik Phata: A Real Estate Hotspot

Nashik Phata is emerging as a prime real estate destination in Pimpri-Chinchwad. Its proximity to key highways, coupled with metro and flyover connectivity, attracts both homebuyers and investors.

Property Overview:

Approximately 50% of properties are priced between ₹60 lakh and ₹1 crore.

The most popular property type is 2-BHK flats in multi-storey apartments.

Rental prices range between ₹30,000 to ₹40,000 per month.

This makes Nashik Phata ideal for families, working professionals, and NRIs seeking long-term investment options with robust infrastructure support.

Nearby Localities and Real Estate Trends

Pimple Saudagar:

Pimple Saudagar is a well-developed residential hub located between Aundh and Baner, close to the Hinjewadi IT Park. Nearly 45% of properties here fall in the ₹60 lakh to ₹1 crore range, appealing to mid-income homebuyers. The locality predominantly features multi-storey 2-BHK apartments, comprising 94% of the housing stock. Rent for such homes ranges between ₹25,000 to ₹35,000 per month, making it a prime choice for working professionals and young families.

Kasarwadi:

Kasarwadi is an emerging residential and commercial locality near Nashik Phata Road, known for its excellent connectivity and proximity to the Pawana River and Kasarwadi Railway Station. Property sale prices typically range from ₹40 lakh to ₹80 lakh, focusing on 2-BHK flats in multi-storey buildings. Most rental units are 1-BHK apartments, available at rates ranging from ₹5,000 to ₹10,000 per month. Additionally, about 43% of available rentals in Kasarwadi are commercial office spaces, highlighting its dual appeal to both residents and businesses.

Conclusion

Nashik Phata, along with nearby areas like Pimple Saudagar and Kasarwadi, is rapidly becoming a pivotal zone for development in Pimpri-Chinchwad. With a multi-tier flyover, a key metro station on the Purple Line, and the upcoming eight-lane Nashik Phata to Khed express corridor, this region offers exceptional transport and infrastructure. It connects major highways, residential zones, and industrial hubs such as Bhosari and Chakan, facilitating smoother and faster daily travel.

The area also exhibits strong real estate growth, with rising property prices and high rental demand. Localities like Pimple Saudagar provide modern apartments