Why Hinjewadi Is a Boon for Home Seekers and Real Estate Investors
Pune’s real estate market has already marked a stellar beginning in the first half of 2022. According to Anarock’s research, Pune had a fresh supply of 39870 units in 2021, while the total sales were 35980. Housing inventory and new launches experienced YoY significant sales of 53% and 67%, respectively. Judging by the statistics, the city has a healthy supply-demand ratio, thus making it a lucrative investment.
Its proximity to Mumbai has enhanced its demand, and the flourishing employment hubs have deemed the city the most aspired for working professionals across the country.
Hinjewadi is a prominent suburb in Pune that offers a wholesome living with one of India’s most extensive IT parks.
Here are a few characteristics of Hinjewadi that makes it a desirable suburb–
Connectivity with nearby localities
Hinjewadi is conveniently located in the North-western perimeter of Pune, with large open areas for greenfield projects. But the best part of this locale is the well-structured road map that allows seamless access to the rest of the city.
|Prominent road infrastructure for seamless connectivity. |
Hinjewadi Phase 2 Road
Bhumkar Das Gurge Road
Hinjewadi Phase 1
Rajiv Gandhi MIDC Road
Dange Chowk Road
Due to the interconnecting roads, Hinjewadi has swift accessibility to the nearby locales of Aundh, Kothrud, Baner, Bavdhan, PCMC, Wakad, and the Mumbai-Pune Expressway.
Proximity to employment hubs
The Rajiv Gandhi Infotech Park, commonly known as Hinjewadi IT Park, sprawling across 2800 acres, is one of the most aspired employment hubs for IT professionals across India and ex-pats. This corporate landscape hosts some of the most influential companies, such as–
Barclays Technology Centre
IBM India Pvt Ltd.
Tata Consultancy Services
…and many more IT/ITeS companies.
Subsequently, a massive influx of working professionals has migrated to Pune for varied career opportunities, which have enhanced the rental structure in Hinjewadi. From an investor’s perspective, steady rental returns are the best passive income stream with investment in residential projects in Hinjewadi.
(Crimson Anisha Global School, Life Republic Township Pune)
Since Hinjewadi became the stable ground for major companies, Pimpri Chinchwad Municipal Corporation (PCMC) has fast-tracked the development of social infrastructure that brings convenience to the residents; thus, facilitating high demand for 1 & 2 BHK flats in Hinjewadi.
|EDUCATIONAL INSTITUTES Crimson Anisha Global SchoolMahindra International SchoolPawar Public SchoolVibgyor High School …and many more.||HEALTHCARE FACILITIES Aditya Birla Memorial HospitalMedipointRuby Hall ClinicLife Point Hospital …and several others.||RECREATIONAL FACILITIES Xion MallWestend MallThe PavilionBalewadi High StreetMCA StadiumShree Chattrapati Shivaji Sports Complex, Balewadi|
Hinjewadi is a self-sufficient suburb that presents a comprehensive environment for everyone’s needs. As a result, flats in Hinjewadi have seen a significant appreciation of 6.8% within just four years (Source: magicbricks). Life Republic, Hinjewadi Pune by Kolte Patil Developers is strategically placed to reap the benefits of this suburb.
Developing physical infrastructures
Several infrastructural projects in Pune have been introduced in the past five years to enhance the city’s connectivity. Hinjewadi is one suburb to benefit the most from the following upcoming developments.
- The four-way connecting routes between Hinjewadi and Pimpri-Chinchwad, Mhalunge-Chande-Nande-Ghotawade, from Sus to Nande, and Pirangut and Ghotawade via Maan will relieve the traffic in peak hours.
- The Upcoming Mahalunge – Hinjawadi IT PARK Bridge On Mula River Connecting Baner & Balewadi will further disperse the traffic congestion. Plus, the drive over the river is a refreshing experience!
- Hinjewadi will get its metro station connecting the area to Shivaji Nagar. This has increased the property valuation of Hinjewadi among ongoing residential projects in Pune.
- Furthermore, the upcoming 110m Wide Ring Road will link PCMC to major highways, along with multiple connectivity from Rajiv Gandhi IT Park.
These infrastructural developments are set to propel the valuations of residential projects in Pune in the next few years.
Reasons to invest
As mentioned above, Hinjewadi has shown a steep increase in property value owing to the gradual developments. As a result, the homeowner can expect high price appreciation with the best ROI.
The other aspect of this investment is that the rental structure of the city rewards steady passive income. Life Republic Pune, among other Kolte Patil projects in Pune, offers lucrative investment opportunities.
Offer at Life Republic – Book Now and Pay After 1 Year
Kolte Patil Life Republic presents a fantastic offer where you book among the 1,2,3 BHK flats in Hinjewadi and pay after one year. This offer is valid for a limited period only. Hurry! Book your dream home now without financial worries.
1. Is Buying a Flat in Pune, Hinjewadi Worth It?
A: Looking at the historical patterns of the property appreciation of these suburbs, it is safe to say that it is a profitable investment. Moreover, the lively city is a great place to live.
2. What are Some Business Sectors for Employment Opportunities in Hinjewadi?
A: The most prominent employment hubs are–
- Embassy Quadron Business Park
- Hinjewadi IT Park
- Panchshil Tech Park
3. How is The Connectivity of Hinjewadi to Other Parts of the City?
A: Hinjewadi boasts good connectivity with several roads and a multi-modal transport system.
4. What is the Average Property Price in Hinjewadi?
A: As per housing.com, the average price is about ₹5,965 per sq.ft.
5. How is Hinjewadi as an Area To Live?
A: Hinjewadi has a demography of working professionals from all over the country, thus giving a cosmopolitan vibe. Due to the lively city with the secured area, most people prefer this suburb for an all-encompassing experience.
6. How is the Future of Real Estate in the Pune Hinjewadi Area? Is it Worth it to Invest?
A: With the vital record in 2021, Hinjewadi is showing a promising trajectory in 2022 with high projected valuations owing to the upcoming infrastructure. Now is the time to start planning your dream home.
7. Which is the Best Real Estate Property in Hinjewadi?
A: If you want a gated community for your family, you must opt for the Life Republic project– the most aspired township in Pune, spread across 390 acres and surrounded by greenery.