By Soniya Gaonkar on Apr 2, 2019 9:53:08 AM
Do you want to take advantage of the economic boom of recent times? Then you should probably begin investing in real estate right now!
You may be confused about the location you want to choose for investing. Out of the various available options, you may want to consider Hinjewadi in Pune.
This suburb is one of the most rapidly developing localities; not only in the state of Maharashtra, but, in the country. Nowadays, Hinjewadi is highly regarded as the economic hub of the state and investment in Hinjewadi, Pune is high on every real estate investors radar.
In the late nineties
In the yesteryears, it is the Gram Panchayat with the Sarpanch as its head which used to take care of all the disputes of the village people. Decades ago - this suburb was underdeveloped, and the local inhabitants had an extremely laid back lifestyle.
Fast-forward to today, and, one can easily find some of the most advanced companies in the country and in the world - strongly established in the area. So, let's quickly see how all of the change has come about, and in-turn, see what Hinjewadi as a prospect for investment is actually a really good option -
1. Development of phases 4, 5 & 6 of the Rajiv Gandhi IT park
A new wave in the form of an Special Economic Zone (SEZ) was set up in Hinjewadi. The Maharashtra Industrial Development Corporation (MIDC) then built the Rajiv Gandhi Infotech Park in 2001. The cost of construction was around Rs. 155 crores, and, the whole area of it was mostly established in three phases.
This Park is located in the city of Pune on the western part of Wakad. This IT Park has been a home to multiple companies of various magnitudes and sizes.Talks in-regards with the further development of phases 4, 5, & 6 of the IT Park are already happening.
2. Creation & Further-Generation of more employment opportunities
The IT Park at Hinjewadi is a source of employment for more than 70000 people world-wide. This IT hub in Pune has attracted some global software giants such as Satyam, Wipro, TCS, Infosys, IBM Global, and Cognizant. These companies are known to provide a fair and ample opportunity for career growth to all of it employees.
Other software companies are also following the lead and are planning to begin their operations in this location soon.
Numerous walk-to-work projects have also emerged in this sector to reduce dependency on vehicles that would otherwise contribute towards a traffic. So, Hinjewadi has a great overall precedent when it comes to a better life & lifestyle; especially when it comes to living and working the area.
Related Post - Jobs in Hinjewadi
3. Rise in rental income
Among the areas in the cities that have shown a significant increase in demand for commercial as well as residential properties, Hinjewadi stands tall amongst them.
The continuous rise in demand for commercial properties has also led to a rise in the rental value of all the spaces around it. For people who are new to this part of town, Hinjewadi has managed to capture the attention of several individuals, and, for good reason.
Various factors such as the locational advantage and easy-&-great connectivity to many of the major parts of the city have majorly contributed towards the ever-rising popularity and demand in this area. The future for Real Estate in Hinjewadi is bright, and, any investor can obtain high returns on their investment(s).
4. Kohinoor Has Been Bridging the Demand-&-Supply Gap For Homes
In the real estate world, some of the reputed companies such as the Kohinoor Group have made their mark (and a lot more). Life does not revolve around the concept of mere existence. It is all about living life to the fullest.
Time is precious, and so it is a wise idea to make optimal use of time; and, that was the main thinking behind the ideas come to fruition in Hinjewadi (and beyond, of course).
Some of Kohinoor's Residential Projects in the area are -
• Kohinoor Coral
Being enveloped by greenery every day will be an escape into a much needed freshness. But that’s not all - endowed with amenities and specifications for every family member, Kohinoor Coral is where form and function will blend like never before.
Related Post - Why investing in Kohinoor Coral at Hinjawadi is a wise decision
• Tinsel Town
The Kohinoor Tinsel Town has created quite a stir in the neighbourhood. It is with this objective in mind that Tinsel Town has been designed so that your commute time is reduced to a significant extent. It is located quite near to the IT hub of Pune.
Related Post - Project Highlight - Tinsel Town: The convenience you deserve in Hinjawadi
• Tinsel County
Enjoy your life by living it in an easy way at Kohinoor Tinsel County. The convenient distance from some of the prominent establishments in Hinjewadi makes it one of the best places to live if you are working in this part of the city.
Related Post - Project Highlight - Tinsel County: Your private space in Hinjawadi Phase 3
5. Preferred Location for A Lot of Migrant Population
Since the last two or three years, there has been a spike in demand for both - commercial and residential properties in Hinjewadi. In fact, one of the fastest growing areas of this state has a vast array of commercial office slots that are known and create ripples around the world.
Most of these commercial areas are in close vicinity to restaurants, shopping malls, and theatres. The tactful locations' planning offers an ideal scope for any enterprise to prosper. Hinjewadi also offers great connectivity options to the cities of Mumbai and Bengaluru.
6. Hinjewadi Offers Great Overall Connectivity
The approval of the Pune Metropolitan Regional Development Authority for establishing a Metro Link between Hinjewadi and Shivaji Nagar through twenty-three stations has been approved & obtained.
This line usually faces a lot of traffic congestion and as soon as the extension will be implemented, it will ensure a smoother flow of traffic throughout the connecting areas.
Hinjewadi's might-close proximity to the Bengaluru-Mumbai Highway is also something that has continually contributed towards the overall development and growth of the area.
Related Post - How Hinjewadi has changed in the past two decades
7. Scope for High-Quality Community Living
In this part of the city, you can always expect to gain a lot of exposure in-terms that there is great precedent to meet like-minded individuals from several walks of life. Due to the availability and optimum development of the area, one can expect unlimited access to several premium lifestyle amenities.
Start investing in real estate because this city is ready to offer a perfect work-&-life balance to one and all.
Invest in Hinjewadi today!
Related Post - Checklist for Buying a Home in Hinjewadi
FAQs
If you're considering investing in property in Pune, Hinjewadi is a great option. The suburb is witnessing rapid growth, thanks to the expansion of IT companies and the demand for office spaces. This has led to a steady increase in property prices in the area, making it a great investment opportunity.
Is it worth investing in Hinjewadi? ›
If you're considering investing in property in Pune, Hinjewadi is a great option. The suburb is witnessing rapid growth, thanks to the expansion of IT companies and the demand for office spaces. This has led to a steady increase in property prices in the area, making it a great investment opportunity.
Why invest in Hinjewadi Pune? ›
The IT Hub of Pune and its Impact on Real Estate Investment. Hinjewadi, a well-known IT hot spot in Pune, has grown in popularity with homebuyers. It has an established infrastructure, reliable connectivity, and a stable real estate market, in contrast to other emerging areas in the city.
Why is Hinjewadi famous? ›
It houses the Rajiv Gandhi Infotech Park, a large tech and business park spread over 2,800 acres, which was built by the Maharashtra Industrial Development Corporation.
Is Hinjewadi Phase 3 good for investment? ›
A. Hinjewadi Phase 3 is one of the best locations for investment and end-use. The presence of the popular Rajiv Gandhi Infotech Park and several housing developments by reputed developers, such as Kolte Patil Developers, Kohinoor Group and Majestique Landmarks, make it popular among buyers.
Which is the posh area in Pune Hinjewadi? ›
Aundh: Aundh is among the most expensive markets around Hinjewadi. At present, one could buy a square foot of area for Rs 8,516. The livability score of 9.7 justifies why the property here comes at a premium. The locality is well developed with connectivity, infrastructure and wide variety of real estate options.
Is Hinjewadi good area to live? ›
Hinjewadi Phase 2 is a great place to live in Pune. It is well connected to the city and has excellent infrastructure. The area is well-planned and has a good mix of residential and commercial spaces. There are plenty of shopping and entertainment options available in the area.
Which is the fast growing area at Pune? ›
Baner is known for its plush societies and residential areas. Located adjacent to the Bangalore Mumbai National Highway, it is one of the fastest emerging residential zones in Pune.
What is the price per square foot in Hinjewadi? ›
On average, the price of properties in Hinjewadi is Rs. 7,008 per sqft. The most expensive property listed in Hinjewadi is priced at Rs. 12,400 per sqft.
Why is Pune growing so fast? ›
Pune is connected to Mumbai by roadways, and almost every metro city in India through the air and these are two major reasons why the city is growing at an enormous pace. With over 800 colleges, Pune is known as the 'Oxford of the East' and is accommodating lakhs of students from across India.
Sandip Agrawal - Owner - Thikan Hinjewadi | LinkedIn.
Which is the biggest tech park in Pune? ›
A 2800-acre IT park in Hinjewadi, Rajiv Gandhi Infotech Park is one of the biggest IT park in India. Hinjewadi has become one of the poshest and prestigious localities in Pune owing to it becoming an IT hub.
Which is the upcoming IT park in Hinjewadi? ›
Aurus IT Building is an upcoming IT park by Aurus Tech Private Limited, a privately held company. The project site is located at Plot no. 29, MIDC IT/ ITES-SEZ, Rajiv Gandhi Infotech Park, Hinjewadi Phase 3, Pune.
Why to invest in Pune? ›
Employment opportunities:
A flourishing sector coupled with the rising employment opportunities in several industries makes Pune a favourite for job-seekers – especially among bachelors seeking to start their family life.
Is Sarjapur a good place to invest? ›
A real estate investment in Sarjapur road is the best choice for your dream home project. Most of the residents of Sarjapur are IT professionals.
Is it worth investing in Pune real estate? ›
Rental Properties
Purchasing properties in Pune and renting them out is an excellent strategy to invest in Indian real estate and make money from it. It guarantees consistent income.
Where do millionaires live in Pune? ›
New Kalyani Nagar
Since it is additionally an IT center, it acquired significance among the IT swarm. The adjoining region to New Kayani Nagar is Koregaon Park, another Pune opulent region. You can likewise observe lofts and extravagant homes from famous manufacturers making it a rich region in Pune.
Which is the VIP area of Pune? ›
Property Rates at Posh Areas in Pune
| AREA | AVERAGE RATE PER SQ. FT. |
|---|
| Erandwane | ₹14,000 |
| Shivaji Nagar | ₹12,250 |
| Koregaon Park | ₹13,213 |
| Boat Club Road | ₹12,000 |
6 more rowsMost of the expatriates prefer to stay in the following areas in Pune: Koregaon Park. Kalyani Nagar. Boat Club Road.
Which network is best in Hinjewadi Pune? ›
Best Internet Service Providers in Hinjewadi, Pune as on Apr 12, 2023
- W. Wireless Bordband Services. ...
- S. Spacelink Broadband Service. ...
- R. Ritesh Enterprises. ...
- T. Taj communication. ...
- A. AIRTEL Broadband. ...
- R. Range Broadband Network. ...
- B. BR Communication. Hinjewadi, Pune, 411057. ...
- P. Prashant Internet Service Provider. Hinjewadi, Pune, 411057.
Pune: July 25, 2021: Hinjewadi farmers are worried over loss to health and farming due to chemically contaminated water being released by few of the IT companies in the area. This contaminated water has affected the borewells and wells which are used by the villagers for drinking water and farming purpose.
Which is the safest area in Pune? ›
Kharadi, Pune
Located about eight km from Pune International Airport, Kharadi is a posh area rated 4.3 out of five for its safety. Accessibility to the police station is a point in favour of Kharadi.
Will property prices fall in Pune in 2023? ›
Housing prices in Pune will likely increase by at least 2-3% in 2023 since demand remains strong for superior housing options. Prices for affordable housing are unlikely to increase since buyers in this category are already struggling with higher EMIs.
Which is the best location to buy house in Pune? ›
Ans: The top localities of Pune for buyers in 2022 as per the NoBroker Real Estate Report are Wakad, Baner, Kothrud, Pimple Saudagar, and Pimpri Chinchwad. Q4. Which are the Pune localities that have appreciated in value the most in 2023?
Which area in Pune has highest rent? ›
Vadgaon Budruk. Vadgaon Budruk leads the pack with the maximum rental yield in Pune, i.e. 3.6 percent. Located near Katraj-Dehu Road in the southern part of the city, the area offers a convenient access to the Bangalore-Mumbai Highway.
What is the price of property in Hinjewadi Phase 1? ›
Starting price of properties in Hinjewadi Phase 1 Road is Rs. 4,480 per sqft and the average price of properties in Hinjewadi Phase 1 Road is Rs. 5,544 per sqft.
What city has the highest price per square foot? ›
The 50 Most-Populous Cities, Ranked by Price per Square Foot
| Rank | City | Median Price per Sq. Ft. (2021) |
|---|
| – | National Median | $169 |
| 1 | San Jose, CA | $801 |
| 2 | San Francisco, CA | $656 |
| 3 | Los Angeles, CA | $520 |
40 more rowsFeb 3, 2023
THE 'world's most expensive home' is to be found in the UK after it beat off competition from properties in New York and Japan. Dorset's exclusive resort of Sandbanks has become the most expensive place in the world to buy property per square foot, after a waterside bungalow sold for a record £13.5m.
What is the main source of income in Pune? ›
Pune is ranked as the seventh-largest metropolitan economy with a strong industrial base and has the sixth-highest income per capita in India. The manufacturing, engineering and automobile sectors have seen significant foreign investments in recent years. The city is also a key hub for software and IT services.
What is Pune famously known for? ›
Called “Queen of the Deccan,” Pune is the cultural capital of the Maratha peoples. The city first gained importance as the capital of the Bhonsle Marathas in the 17th century.
Pune evolved greatly since Indian Independence, from notable universities, colleges and management schools, earning it the nickname of the 'Oxford Of The East', to being one of the most important automobile manufacturing hub. Pune is also home to the world's largest vaccine manufacturer, Serum Institute of India.
Why is Hinjewadi called Hinjewadi? ›
They call it Hinjewadi, which is wrong. Also, many government organizations incorrectly spell to the village name. As a result, the villagers complained to the state government and demanded that the official name be used. So a government resolution was issued, spelling the official name of the village as 'Hinjawadi'.”
Which side of Pune is Hinjewadi? ›
About Hinjewadi. Located in north-western outskirts of Pune, Hinjewadi is a prominent employment hub situated 19 km from the city centre. It has also emerged as a residential locality comprising large township projects. The locality is placed at Mumbai Highway (NH-48) and...
What is the population of Hinjewadi Pune? ›
The locality Hinjewadi falls in Pune district situated in Maharashtra state, with a population 38858. The male and female populations are 20481 and 18377 respectively. The size of the area is about 33.91 square kilometer.
Is Sarjapur good for investment? ›
A real estate investment in Sarjapur road is the best choice for your dream home project. Most of the residents of Sarjapur are IT professionals.
What is the property rate in Hinjewadi Phase 1? ›
Starting price of properties in Hinjewadi Phase 1 Road is Rs. 4,480 per sqft and the average price of properties in Hinjewadi Phase 1 Road is Rs. 5,544 per sqft.
