Kanifnath Nagar is a residential area located in Handewadi, which is itself a rapidly developing suburb in the eastern part of Pune. It's characterized as a primarily residential area, with a mix of independent houses, apartments, and potentially some chawl-type housing (depending on the specific section of Kanifnath Nagar). It likely caters to a mix of income groups, but it's generally considered a more affordable residential option compared to some of the more upscale areas in Handewadi and nearby Hadapsar. The area is developing quite fast and has recently gained popularity due to affordable housing with good connectivity to prime locations of Pune.