NIBM Annex Mohammadwadi is an upcoming suburb, located in the South Eastern part of Pune. It is located 11.6 kilometers from Pune via Road. It is surrounded by residential areas such as Undri (2.1 km), Pisoli (3.6 km), Malwadi (4.8 km), Wanowrie (5.1 km), Kondhwa (5.8 km) and NIMB.
Mohammadwadi, has emerged as a prominent residential real estate destination for the employees working in central areas like the Cantonment/Camp area, Kalyani Nagar and Hadapsar. This has led to the development of several real estate properties in Mohammadwadi.
Connectivity
Since it is located in the south eastern part of Pune, Mohammadwadi is blessed with a strategic location. The region is conveniently connected to suburbs, work centers and arterial roads like Pune-Bangalore (NH4), Solapur (NH13), Bypass and Saswad road. Highway is only 4.6 kilometers away via Katraj- Bypass Road which connects this locality to other major locations.
A number of PMPML buses connect Mohammadwadi to other prominent areas like Hadapsar, Undri and Malwadi. Pune railway station is only 18 minutes’ drive away from Mohammadwadi via Road while the International Airport is located at a distance of 16.7 kilometers.
Educational Institutions and Hospitals
Mohammadwadi is well-equipped with all basic amenities like schools, hospitals, entertainment zones and shopping centers. Some of the popular schools in the area include Public School, Vibgyor High International School, Trinity School, Bishop's Co-Education School, land English Medium School and Rehmani Urdu School.
Hospital, Clear Vision Eye Hospital & Polyclinic, Healing Hands Physiotherapy Clinic, Acts General Hospital and Health Centre are some of the hospitals in the area.
Shopping Malls and Recreation
Phoenix Market , SGS Magnum Link, Shoppers Stop and Mega Mark are some of the famous shopping malls located in close proximity to Mohammadwadi.
Real Estate in Mohammadwadi
Real estate in Mohammadwadi has been one of the most preferred areas of investment in the recent times. The locality has observed a lot of residential development and prominent developers like Kolte Patil, Group, Dorabjee Developers have already made a presence here. Some of the major completed residential projects here include Country, Hills and Dales by Kolte Patil, Dorabjee Paradise and Clover Hills.
Currently, there are 29 ongoing real estate projects in Mohammadwadi and 4 projects are expected to offer possession in 2014. Unit sizes of apartments here range from 646 sq. ft. to 4,960 sq.ft.
The average real estate price in Mohammadwadi is Rs. 5,000 per sq. ft. with the minimum and maximum property price being Rs. 3,500 per sq. ft. and Rs. 9,500 per sq. ft. respectively.
