7 Reasons Why Real Estate Experts recommend Hinjewadi for Investment
Hinjewadi is considered the focal point of Pune, as the host of Rajiv Gandhi infotech park is a hotspot for domestic and international investors. Let us explore this suburb to understand why flats in Hinjewadi are the best investment prospects.
1) Interlinking neighbouring locales
The North-Western suburbs of Pune are deemed a real estate goldmine owing to the large land parcels. As a result, greenfield projects in Pune are on the rise in this zone.
Hinjewadi is favourably located among other significant locales. The Mumbai Highway (NH-48) connects the following areas to Hinjewadi–
- Owing to these reputed areas, you are assured of a secured community, eliminating concerns about your family’s safety. Plus, the overall cosmopolitan vibe of this sector creates a vibrant living environment. Life Republic Hinjewadi Pune is one of the most aspired gated communities, ensuring utmost security.
- The Pune International Airport can be accessed within half an hour via Hinjawadi-Aundh Road.
- Pune Mahanagar Parivahan Mahamandal Limited (PMPML) offers convenient public transportation with a suitable frequency of buses. At the same time, the nearest Pune Railway station is just a 30-min drive from Hinjewadi.
- You can explore the city’s traditional charm, natural sites, hiking spots, lively nightlife, and many more.
2) Easy access to nearby employment hubs
Hinjewadi IT Park is not only an employment hub but is also a training facility accredited by reputed IT companies for graduates to step into their designated roles. Hence, working professionals from all over India and ex-pats are inclined toward this aspiring hub.
Apart from this, Hinjewadi has other business clusters that host the BFSI sector, manufacturing, biotechnology, automobile, pharmaceuticals, and many more.
Some of the most influential hubs include–
- Quadron Business Park
- Embassy Techzone
Subsequently, PCMC contrived suitable infrastructure to ease the commute and facilitate a productive landscape. Digital means are used to enable speedy functioning. This overall working landscape has soared the demand for 1 BHK & 2 BHK flats in Hinjewadi.
3) Prominent fundamental services in the vicinity
Due to this influx of working professionals, Hinjewadi was developed for a pragmatic lifestyle. Several schools, hospitals, and essential services have made this area self-sufficient.
Life Republic Universe is a strategically located project in Hinjewadi that allows easy access to the following facilities.
|HEALTHCARE Ruby Hall ClinicAditya Birla Memorial HospitalMedipoint Hospital LifePoint Hospital Phoenix Hospital|
|EDUCATIONAL INSTITUTES Crimson Anisha Global SchoolAkshara International SchoolPodar International SchoolVibgyor HighschoolMahindra International SchoolSai Balaji International Institute of Management|
|ESSENTIAL SERVICES Life Republic Fire station Ambulance Services24x7 security|
|RECREATIONAL FACILITIES Xion MallWestend MallThe PavilionBalewadi High StreetShree Chhatrapati Shivaji Sports StadiumMCA Stadium|
4) Upcoming infrastructural development
Besides the existing robust infrastructure, the upcoming developments shall enhance the connectivity of this area to the central city. The State has proposed means of rapid transit to suffice the growing demand for a quick commute and relieve the traffic on the streets.
- Upcoming Metro Station within range
- Upcoming Mahalunge – Hinjewadi IT Park Bridge
- 110m Wide Ring Road connected to Township
- International Airport in Purandar
- Smart city development
This feasibility aspect is the crucial parameter for driving the sales of residential projects in Hinjewadi.
Why is Hinjewadi a lucrative investment
5) INTRINSIC FACTORS
The real estate market of Hinjewadi has experienced stable growth in the past decade. Affordable mid-segment housing is the dominant market driver, catering to millennials. However, with the enhanced standard of living, the luxury segment has gained traction in recent years, where real estate developers in Pune have introduced premium 1 BHK, 2BHK & 3 BHK flats in Hinjewadi.
Hinjewadi is comparatively a more cost-effective suburb. The convenience of all facilities has increased the valuation of this area. Meanwhile, the rental structure has spiked significantly as migrating employees prefer renting apartments and co-living spaces, which is the decade’s trend.
The post-pandemic market has not only recovered in 2022 but also reached peak sales of ongoing residential projects in Pune. The commercial and residential sector in Hinjewadi is now a buyers’ market.
Kolte Patil projects in Pune cater to both commercial and residential sectors.
6) EXTRINSIC FACTORS
As mentioned above, the robust physical infrastructure is a significant factor in anchoring the demand for residential projects. People generally prefer a location that streamlines their daily routine. Hinjewadi and the neighbouring areas assure a secure living environment.
Moreover, the central business district and SEZs are expanding at a significant rate. Consequently, the increasing workforce will lead to rising demand for residential spaces, propelling the markets further.
The infrastructural developments in Hinjewadi are the primary driving force, projected to result in a 2-4% rise in property appreciation within a year. With a high CAGR, the real estate market will yield the best ROI for investors. Kolte Patil Life Republic is one such project that has benefitted from these developments within proximity.
The rental structure is estimated to increase by 10% with the completion of the Pune Metro. More connectivity enhancements will result in high valuations.
Hinjewadi real estate is gearing up for the next phase of expansion. It is better to tap this market now to reap more incredible benefits. Life Republic Township Pune is a worthwhile project for investment owing to the advantages mentioned above.
Add into the bargain, the homebuyers can avail an exclusive offer at Life Republic Pune – a Gold Voucher of Rs 50K (Only for Domestic Clients) – Offer Valid for a limited period.
This project has been registered under MAHA RERA registration number P52100027629 as Life Republic/Sector R10/10th Avenue/Universe/Phase¬-I and is available on the website https://maharera.mahaonline.gov.in under registered projects. *T & C Apply.