In recent years, Pune has emerged as a perfect place to invest in real estate. The continuous development around the city in the commercial and residential sector and enormous growth in IT, manufacturing industries, MNC’s, hotels, and malls have made it the most desirable city to live. Lovely weather, low pollution, and low crime rate factors have also worked on adding value to the city.
Earlier Hinjewadi was considered an isolated location, but the IT hub presence has completely changed the dynamics of the area. It further led to infrastructure development and demand for residential and commercial projects. It has become the prime location and high in demand from people working in the engineering and IT sectors.
Rahatani is also coming up as a preferred destination for real estate investments due to its proximity to Chakan; country’s one of the leading auto and manufacturing hubs. Both the location is at a feasible distance.
Hinjewadi, because of the IT hub, the highest range goes up to Rs 9,014/- per sqft in the residential plot, and for multistorey apartments, the price range for a flat is between Rs 4,616/- per sqft to Rs 6,725/- per sqft.
Whereas in Rahatani for multistorey apartment range from lowest to highest goes up to Rs 5,471- Rs 7,939 /- per sqft, which is lower compared to Hinjewadi.
For people who work in IT company Hinjewadi is an ideal location to settle in. Rajiv Gandhi IT Park, Tech Mahindra, Wipro, Siemens, IBM, Cognizant, International Tech Park, and many more world-renowned companies have marked their presence in the area. Due to which it provides more lucrative job opportunities.
Rahatani being close to such a large IT corridor and commercial center the job opportunities are ample. With the emergence of MNC’s, the corporate sector, and social infrastructure like schools and colleges, the demand for working professionals has increased in these areas.
Location and connectivity are two of the critical aspects before investing. Nobody likes to waste time commuting in a fast-paced lifestyle. Hinjewadi and Rahatani, being ideally located, provides better highway connectivity as well as comfortable approaches for educational, recreational activities. Transport apps and bus services facilities are making commuting flexible throughout the city. With the construction process underway Pune Metropolitan Region Development Authority (PMRDA) Hinjewadi will get connected through major Metro stations.
Buyers like to invest in areas, which suit their particular needs. Hinjewadi provides luxurious projects with great amenities. Keeping in mind affordable housing, it is essential to know whether a particular area is developing or not.
In Hinjewadi 32 pinewood drive named project is going on 7.84 acres area, Paranjape Orion project of 3 towers on the 4.19-acre area is catering for a variety of facilities for buyers.
At Rahatani, major construction projects are underway by leading real estate companies like 5 Star Royal Mystic, Legacy Aura, Namrata Life 360, providing well designed and superior quality residences.
Proper functioning of civic administration adds value to the developing area. Water and electric supply, garbage disposal, traffic congestion are a few factors that cannot be overlooked. Hinjewadi and Rahatani both suburbs are part of the Pimpri Chinchwad and are well connected with other suburbs with the proper functional roads. The locations are blessed with new civic bodies. Both the areas come under PCMC, and water, electricity, and traffic issues are resolved with proper discussions. The primary water supply in that area depends on the Pavana river next to Rahatani. Amrut 24×7 water system plan a hydraulic design for water supply, 11 KV infrastructures for electricity, and rotary traffic system are created to tackle the major issues. Maharashtra government is planning to construct a new airport at Chakan to avoid air traffic congestion. It will be a big boost in social infrastructure development.