Palm Spring in NIBM: RERA-registered 2 BHK, 834 sqft, possession June 2027 with full amenities including pool, gym, and metro nearby.
- 2 BHK apartment, 834 sqft carpet area
- RERA registered (P521000100018532) — possession June 2027
- Unfurnished, negotiable price
- Gated society with pool, gym, 24/7 water supply, backup power
- Metro, schools, hospitals, and highway access nearby
Property details
Configuration
- Configuration
- 2 BHK
- Property type
- Apartment
- Project category
- residential
- Bath · balcony
- 0 · 2
- Furnishing
- Unfurnished
Area & dimensions
- Carpet area
- 834 sqft
Configurations 2
| Configuration | Area | Price | Availability |
|---|---|---|---|
| 2 BHK Apartment | 834 sq ft carpet | On request | 15 available |
| 3 BHK Apartment | 1,163 sq ft carpet | On request | 12 available |
About this listing
2 & 3 BHK flats for sale in NIBM, Pune at Palm Spring.
Configurations & Pricing
The project offers units of 834–1,163 sq ft, priced ₹90 L–₹1.33 Cr. As per the listing, 27 units are available across configurations. The booking amount is ₹25 L. Prices are negotiable. Variant-wise details are set out in the configuration table on this listing.
Location & Connectivity
The property is located in NIBM, Pune. As per the listing, shopping options, a school, a hospital and a metro station are nearby.
Legal & Possession
A RERA registration ID (P521000100018532) accompanies this listing and can be checked on the official state RERA portal. Possession is scheduled for June 2027.
Amenities
For security, the property offers security, CCTV surveillance, a gated community and an intercom. Day-to-day conveniences include power backup, 24×7 water supply, a lift and visitor parking. For fitness and leisure, residents have access to a gym, a swimming pool, a clubhouse and sports facilities. Outdoor and family spaces include a garden and a kids' play area.
At a Glance
- Configurations: 2 & 3 BHK
- Location: NIBM, Pune
- Size range: 834–1,163 sq ft
- Price range: ₹90 L–₹1.33 Cr
- Availability: 27 units (as listed)
- RERA ID: P521000100018532
- Status: Possession expected Jun 2027
Interested? Send an enquiry through this page to arrange a site visit and confirm current availability.
Amenities
- Lift
- Power Backup
- Water Supply 24x7
- Visitor Parking
- Security
- Cctv
- Gated
- Intercom
- Gym
- Swimming Pool
- Club
- Garden
- Kids Play
- Sports
- Shopping Nearby
- School Nearby
- Hospital Nearby
- Metro Nearby
- Highway Access
- Vaastu
Location
Living in NIBM
NIBM Road is a fast-developing residential locality in southeast Pune (Kondhwa/Mohammadwadi/Undri belt, within PMC limits), named after the RBI-run National Institute of Bank Management.
It draws IT/finance professionals via its 5-10 km proximity to the Hadapsar-Magarpatta-Amanora business belt and Swargate, offering green surroundings and good schools, though it still lacks direct metro access and civic infrastructure is catching up with rapid growth.
- Just 5-10 km from Pune's Hadapsar-Magarpatta-Amanora IT/business belt (Magarpatta City, SP Infocity, Amanora Park Town SEZs), giving residents a short commute to a major employment hub.
- Unusually green for an in-city suburb: bordered by hills and home to the 33-acre Anand Van reserve forest right off NIBM Road, plus nearby Taljai Hills and Katraj zoo for weekend outings.
- Hosts the RBI-run National Institute of Bank Management itself, plus nearby Vishwakarma Institute of Information Technology, Sinhgad College of Commerce and K J College of Engineering.
- Well served by City Pride and Inox multiplexes, banks, D-Mart and everyday retail locally, with Amanora Mall and the 15-screen Seasons Mall a short drive away in Hadapsar.
- Decent road connectivity via NIBM Road, Kondhwa Road and Solapur Road (NH65) to Swargate, Koregaon Park, Kalyani Nagar and Kharadi, all within roughly 5-10 km.
- No metro station on NIBM Road itself; nearest is Swargate (Purple Line), about 7 km away, so peak-hour road traffic near Kondhwa/Salunke Vihar junctions is common.
- Parts of the belt (Mohammadwadi, Undri, NIBM Annexe) were merged into PMC only in 2017, and residents report recurring drainage/sewage overflows and inconsistent piped water supply in 2026.
- Ongoing construction and rising prices are pushing NIBM into the upper-mid price bracket, with parking strain around commercial stretches and occasional water-supply restrictions.
- Civic works are still catching up with residential growth: Katraj-Kondhwa road widening and new link roads are underway but incomplete, and Undri still lacks a fully sanctioned Development Plan.
- Swargate Metro Station (Purple Line) 7 km
- Pune Junction Railway Station 8 km
- Hadapsar Railway Station 12 km
- Pune International Airport (Lohegaon) 14 km
NIBM Road (a roughly 3-3.5 km stretch) links Kondhwa Road to the Katraj-Hadapsar bypass and Solapur Road (NH65), giving road access to Swargate, Koregaon Park, Kalyani Nagar and Kharadi, all about 5-10 km away. Swargate is the nearest Purple Line metro station (~7 km); Pune Junction railway station is ~8 km and Pune International Airport ~14 km.
There is currently no metro station directly on NIBM Road, though the newly approved Pune Metro Phase 2 Line 4 (Kharadi-Hadapsar-Swargate-Khadakwasla) should improve regional access once built.
NIBM Road hosts the RBI-run National Institute of Bank Management (est. 1969), an apex banking research and training institute after which the road is named.
Nearby options include Vishwakarma Institute of Information Technology, Sinhgad College of Commerce, K J College of Engineering and Swaraj College of Commerce, alongside schools such as Gyaanam School, Marathon International School and Junior College, Sankalp English Medium School and Joseph Convent School, giving families a fair spread of choices within a few kilometres.
NIBM is itself mainly residential, but it sits roughly 5-8 km from Pune's Hadapsar-Magarpatta-Amanora belt, one of the city's largest IT/ITES and business hubs, anchored by SEZs such as Magarpatta City, Amanora Park Town and SP Infocity plus the Hadapsar Industrial Estate, home to firms like Serum Institute of India, Honeywell and Bharat Forge.
This proximity, along with the MG Road/Camp commercial zone, makes NIBM a popular residential base for IT and finance professionals working in south-east Pune.
NIBM Road has its own 33-acre Anand Van reserve forest with a biodiversity eco-trail, and lies within reach of green/recreational spots such as Taljai Hills (bird-watching) and the Rajiv Gandhi Zoological Park at Katraj, both roughly 6-8 km away.
It is not a heritage-tourism destination itself; well-known Pune landmarks such as Shaniwar Wada, Lal Mahal and Aga Khan Palace lie well outside the immediate locality in central/north Pune.
Day-to-day entertainment is covered locally through City Pride and Inox multiplexes, restaurants and neighbourhood retail along NIBM Road.
For bigger-format shopping and dining, Amanora Mall and the 15-screen Seasons Mall in nearby Hadapsar/Magarpatta are a short drive away, with Pune Camp's MG Road retail belt also within reach.
NIBM falls under Pune Municipal Corporation; the wider Mohammadwadi-Undri-NIBM Annexe belt was among the fringe villages merged into PMC limits in 2017 and still lacks a fully sanctioned Development Plan in parts.
PMC is pursuing road-widening (Katraj-Kondhwa) and a new NH48-to-Pune-Solapur link road, while the Centre has approved Pune Metro Phase 2 Line 4 (Kharadi-Hadapsar-Swargate-Khadakwasla) to improve regional transit; meanwhile residents report recurring drainage, sewage and water-supply gaps.
Project & building
Construction & timeline
Pricing details
- Booking amount
- ₹ 25 L
Questions about this listing
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NIBM
Listed at Palm Spring
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Frequently asked questions
Is this property RERA-registered?
Yes — RERA registration registered (ID: P521000100018532).
Where is this property located?
NIBM, Pune. Project: Palm Spring.
Is the price negotiable?
Yes — owner has marked this listing as negotiable.
When is possession of this property?
Possession: Jun 2027.
What is the booking amount for this project?
Booking amount: ₹ 25 L.