Pune presents itself as an emerging employment and investment hub, and rightly so. The place attracts people not only from Maharashtra but from all over the country. Apart from Pune city, there has been tremendous growth in Pune suburbs too making these upcoming investment destinations where Hinjewadi stands tall amongst all. The presence of a number of IT hubs in Hinjewadi has pushed demand for residential spaces as most employees like to stay close to their workplaces. Over a period of time, social infrastructure has improved and grown. A large number of hotels and other commercial activities are making Hinjewadi – a bustling suburb, ideal for residing.
Since 2003 every Govt. has consistently been plowing in money & schemes in this area to woo hi-tech industries. Liberal incentives were provided to IT and IT-eS since then. Further, the successive governments waived off stamp duties for owned and leased properties built on Maharashtra Industrial Development Corporation. With the passage of time, the area became home to huge global companies. Today this bubbling IT hub employs more than 1.5 lakh people pushing demand for flats in Hinjewadi.
The primary reason why buyers wish to buy a flat in Hinjewadi is the employment opportunities it offers. The presence of a number of IT Parks in the area makes it an attractive residential location. Rajiv Gandhi Infotech Park is the focal point of the IT zone of Pune, i.e. Hinjewadi. The leading IT parks of Hinjewadi are Quadron Business Park, Embassy Tech Zone, and Blueridge. These IT Parks house prominent IT companies such as Infosys, Wipro, Cognizant, IBM, TCS, etc.
Hinjewadi being an IT hub has a rising demand for homes by IT and industrial employees. The area is dotted with multiple residential projects from various builders, seeking to cater to the housing needs of people working in these areas; IT professionals here are the key target customers.
Let us run through a few pointers and see why Hinjewadi is a sought-after residential destination for people working in IT Hubs there.
Hinjewadi is an attractive real estate spot not only for home buyers for end-usage but also for a second home or general investment purpose. This area is on the radar of NRI investors too. Being a huge employment hub the area is now fetching good rentals too. This ultimately will result in getting better returns for investors.
Hinjewadi is set amidst green mountains and a picturesque location with well-developed social infrastructure and excellent amenities. It is well connected to major cities like Mumbai and Bangalore through Mumbai-Pune Express Highway and Bangalore-Pune Bypass. Hinjewadi has excellent connectivity to other parts of the Pune city including industrial pockets of Chakan, Talegaon, Tathawade. The proposed Metro plan has Hinjewadi too in its initial phase.
It is a global trend now to have housing developments in and around business areas. Individuals wish to stay near their workplace to cut down their travel time, reduce driving stress and long traffic hours. A closer workplace leaves them with more time to spend with their family, recreation, etc.
With more nuclear families where husband and wife both are working, closer workplaces and other social amenities is something looked up to, even markets, malls, gyms, and schools. Buying flats in Hinjewadi open the door to a host of benefits.
When buying a house a developed social infrastructure with daily conveniences, medical facility, and education topping the priorities. Buying flats in Hinjewadi would mean a developed social infrastructure along with a bunch of other conveniences too. The area houses some well-reputed schools Vibgyor High School, Blue Ridge Public School, Mercedes-Benz International School, Pawar Public School to name a few. There are colleges and institutes for higher education too in Wakad and Baner, at a distance of few kilometers. Apart from education, Hinjewadi is also equipped with world-class medical facilities. Centers including Ruby Hall Clinic. Other hospitals include Dr. Ranjeet Hospital, Shree Hospital, Gurukripa Hospital. Some famous hotels like Courtyard by Marriot, Vivanta, Lemon Tree Hotel, Siesta Hinjewadi. Most of these commercial areas are in close vicinity to restaurants, shopping malls, and theatres offering an ideal scope for any enterprise to prosper.
In the last few years, Hinjewadi has shown a significant increase in demand for commercial as well as residential properties. leading to a rise in the rental value of all the spaces around it. Apart from employment avenues, the surrounding areas of Hinjewadi also house many educational institutes. Home seekers include not only include the employed lot but also students studying in nearby institutes pulling in demand for 1 BHK and budge homes.
Many developers have invested handsomely into residential projects from premium, luxury to budget homes to allure buyers from all walks of life. So while there are villas, premium residences there are options to buy 2 BHK flats in Hinjewadi for small families too. The amenities range from world-class to basic. There is something for everyone. Numerous walk-to-work projects have also emerged in this sector to reduce dependency on vehicles that would otherwise contribute to traffic.
Hinjewadi offers residential projects from prominent developers, whether you need a home for end-use or for rental income, it is a wise move to make an investment in the area. It wins hands down when it comes to a better life & lifestyle while living and working in the area. The future for Real Estate in Hinjewadi is bright, and, any investor can obtain high returns on their investment(s). So if you have already not checked out the flats in Hinjewadi, go for it!