Nashik Phata Road Property Guide: Prices, Metro, Flyover & PG Options in Pune

What Is Nashik Phata Road?

Nashik Phata Road isn’t a single society or micro-market — it’s a junction and the corridor that radiates from it, connecting some of PCMC’s most active residential pockets. Understanding its exact location and boundaries matters because this name is easily confused with places that have nothing to do with Pune.

Location & Disambiguation: Not the Same as Nashik City

Here’s something worth clearing up before anything else — because it genuinely trips people up while searching.

Nashik Phata Road sits in Kasarwadi, within Pimpri-Chinchwad Municipal Corporation limits, at PIN 411026, where National Highway 48 meets National Highway 50. It is not the same as “Nashik Road” or “Pathardi Phata,” which are localities inside Nashik city itself, about 180 km north of Pune. Several search results mix these two up because both carry the word “Nashik” — but one is a Pune PCMC junction with a metro station and flyover, and the other is a completely separate city. If you’re comparing property listings, always double-check the city’s name and PIN code before shortlisting anything.

The Corridor: Kasarwadi to Moshi

The Nashik Phata Road corridor connects several distinct residential pockets, each with its own price band and character.

• Kasarwadi — closest to the railway station, older residential mix with newer towers coming up
• Bhosari — home to the metro station and MIDC industrial belt, popular with working-class tenants and PG seekers
• Pimpri & Chinchwad — established civic and commercial centres of PCMC
• Pimple Saudagar — more premium, better social infrastructure, higher price band
• Wakad — benefits from proximity to Hinjawadi IT hub via the BRTS road
• Moshi — outer, more affordable pocket, still developing

Metro, Flyover & Foot Over Bridge — The Infrastructure Story

Infrastructure is the single biggest reason this corridor is getting attention right now, and it comes with one detail almost nobody explains clearly: the metro station near Nashik Phata doesn’t actually carry that name on official records. Between the metro, a landmark flyover, and a bridge that’s still being built, there’s a lot happening here in 2026, and each piece affects property demand differently.

Bhosari vs Nashik Phata: The Metro Naming Confusion

This is worth spelling out clearly, because it genuinely confuses buyers browsing property portals.

The metro station serving this junction is officially named “Bhosari” (station code BHO) on Pune Metro’s Purple Line — not “Nashik Phata.” It opened on 6 March 2022, and the full Purple Line, running from PCMC to Swargate, has been operational since 29 September 2024 Pune Metro Purple Line official updates. Yet almost every local, auto driver, and property listing still calls it “Nashik Phata Metro Station” because that’s the landmark people recognise. If you’re searching for property “near Nashik Phata metro station,” you’ll often need to search “Bhosari station” on official Maha Metro resources to find accurate route and timing information.

The Two-Tier Nashik Phata Flyover

Traffic used to be the biggest complaint about this junction, and this flyover was built specifically to fix that.

The Nashik Phata flyover is Pune district’s first two-tier (double-decker) flyover, built at a cost of approximately ₹103.5 crore and stretching about 1.09 km. It crosses NH-48, NH-50, the Pavana River, and the Pune-Mumbai railway line in one structure — a genuinely complex piece of engineering for this stretch. For property buyers, decongested junctions like this tend to support steadier long-term demand, since daily commute time drops noticeably for residents in Kasarwadi, Wakad, and nearby pockets Pune Metro Purple Line official updates.

The New Foot Over Bridge (Targeted August 2026)

There’s one more piece of infrastructure worth tracking closely if you’re timing a purchase around connectivity.

Maha Metro is building PCMC’s first multi-modal Foot Over Bridge at Nashik Phata Chowk, designed to link metro, bus, state transport (ST), and railway access in a single pedestrian structure. As of October 2025, construction was about 37% complete, with completion targeted for August 2026, according to reporting by Free Press Journal. Right now, crossing this junction on foot during peak hours means navigating heavy truck traffic from NH-48 — this bridge is expected to make that considerably safer once finished. Confirm the current construction percentage against the latest Maha Metro update before relying on this figure, as data from October 2025 may be outdated by the time you read this.

Property Prices Near Nashik Phata Road: Sub-Pocket Comparison

Price per sqft is where most confusion happens in this corridor, because different portals define “Pimpri-Chinchwad” differently — some cover the broad PCMC region; others focus only on premium micro-pockets. Rather than picking one number and pretending it’s precise, it’s more useful to lay out the range with sources named, so you can judge which pocket actually matches your budget.

Price/Sqft by Sub-Pocket

Here's how rates compare across the corridor's major pockets, based on currently available portal data. The Pimpri Chinchwad property price per sqft varies significantly by micro-market, which explains the wide range shown below. 

Sub-Pocket	Approx. Price/Sqft	Source
Kasarwadi	~₹9,700/sqft	Portal data, June 2026
Wakad – Nashik Phata BRTS Road	₹6,200–₹6,400/sqft	Homebazaar
Pimpri-Chinchwad (broad average)	₹6,950/sqft	Major property data portal
Pimpri-Chinchwad (wider range, other sources)	₹5,000–₹8,000/sqft to as high as ₹12,500/sqft	Multiple portals — likely reflect broad PCMC vs. premium pockets
Pimple Saudagar	Premium band, higher than Kasarwadi	Portal data

Appreciation Trends: What the Data Shows

Appreciation numbers tell a similar story of conflicting sources, so it’s worth showing both sides rather than picking one.

According to one major property portal, Pimpri-Chinchwad has appreciated about 7.8% over the past year, 15.8% over three years, and 25.2% over five years. For Pimple Saudagar specifically, five-year appreciation estimates range from 20.2% (Aurum Proptech) to 39.6% (another major portal) — nearly double, depending on the source. This kind of gap usually comes down to which specific streets or projects are included in the sample. Cross-check with a verified local agent before using any single number for investment planning.

RERA-Registered Projects on Nashik Phata Road

Before booking anything on this corridor, checking RERA registration is non-negotiable — it confirms the project’s legal status, locks in a completion timeline, and gives you a formal complaints route if things go wrong. Kohinoor Group stands out as the most active developer on this exact stretch, which is worth knowing whether you see it as a positive (proven track record) or a caution (concentrated supply).

Kohinoor Group’s Projects on This Corridor

Kohinoor Group has at least four identified projects along the Wakad–Nashik Phata BRTS stretch, giving buyers a fairly deep track record to evaluate.

Project	RERA Number	Notes
Kohinoor Westview Reserve	P52100048589	Wakad-Nashik Phata BRTS stretch
Kohinoor Regalia Towers	PR1260002500271	Same corridor
Kohinoor Courtyard One	P52100032001	Same corridor
Kohinoor New Wakad	Not yet available — verify directly with the developer or MahaRERA portal	Same corridor

Having one developer concentrated across multiple projects on the same road cuts both ways for buyers — it means there’s a visible track record to study, but it can also mean a lot of similar supply hitting resale competition around the same time.

Investment Outlook: Should You Invest Near Nashik Phata Road?

For investors, the real question isn’t just “is this area growing” — it’s whether the specific pocket, price point, and timing line up with your goals. The combination of the flyover already reducing congestion, the metro operational since 2024, and the foot bridge targeted for August 2026 gives this corridor a fairly clear infrastructure runway over the next couple of years.

Rental Yield & ROI Numbers

Yield expectations here should be treated as directional, not exact, given the lack of corridor-specific data.

Pune-wide residential rental yield averages around 3.80%, and nearby Pimple Saudagar is estimated at roughly 3–4%. No verified, corridor-specific yield figure exists yet for Nashik Phata Road itself, so treat these as reference benchmarks rather than guaranteed returns Knight Frank India research.

Who Should Consider This Corridor

Based on the current infrastructure and pricing picture, a few buyer profiles fit this area particularly well.

• Investors comfortable with a 3–5-year horizon who want to ride out the FOB completion and further metro ridership growth
• Buyers priced out of premium Pune-west pockets like Baner or Aundh, looking for a comparatively lower entry point with decent connectivity
• PG operators and small landlords targeting Bhosari MIDC and Hinjawadi-bound tenants via the Wakad stretch
• Families wanting proximity to Kasarwadi Railway Station without paying central-Pune prices

Instead of chasing agents one by one, investors using RealEstate Talk can be discovered directly by sellers and agents who already have matching properties in this corridor — a reversal of the usual property search process ANAROCK Pune residential report.

PG & Renting Near Nashik Phata Road

For tenants and PG renters, this corridor’s biggest selling point is straightforward: it sits close to a railway station, a metro station, and multiple job hubs, all without central-Pune rents. That combination makes it worth a closer look, especially for anyone commuting to Bhosari MIDC or, via Wakad, into Hinjawadi.

Commute & Connectivity for Renters

Distance and travel time matter more than price for most PG renters, so here’s what the daily commute actually looks like.

Kasarwadi Railway Station is about 252 metres away — a 4-to-6-minute walk from most points along the corridor, making it genuinely usable for daily commuters heading toward Pune station or beyond. The Bhosari/Nashik Phata metro station on the Purple Line adds another option, and PMPML bus routes cover the rest. For IT professionals working in Hinjawadi, the Wakad stretch of this corridor offers a reasonably direct route once the flyover-eased traffic is factored in.

PG Pricing & What to Expect

PG rents here tend to sit below what similar setups cost in Baner or Aundh, largely because of the more industrial, working-class character of parts of this corridor.

Contacting a PG owner shouldn’t mean giving up your privacy. On RealEstate Talk, tenants can reach out to verified owners and agents without sharing their phone number publicly — no spam calls, no random follow-ups from unrelated brokers.

Conclusion: Is Nashik Phata Road Right for You?

Nashik Phata Road is a corridor in transition — a flyover that’s already reduced congestion, a metro line that’s fully operational even if it goes by a different official name, and a pedestrian bridge that will change daily commute safety once it’s done by August 2026. For buyers, that means checking which sub-pocket actually fits your budget rather than trusting a single average number. For investors, it means treating appreciation and yield figures as ranges, not guarantees, until you’ve cross-checked with a verified local source. For PG renters and tenants, the railway and metro combination genuinely makes daily commuting easier than many comparable PCMC pockets.

Whatever stage you’re at, verifying details directly — RERA numbers on MahaRERA, infrastructure status on PCMC’s official site, and current asking prices with a real agent — will save you from acting on outdated or conflicting numbers.