Everybody desires a beautiful house of their dream someday. Each one of us wishes for a home or property, which is our own, and we can use it the way we want. Either you a beautiful house or use it commercially, it depends upon your choice and needs. Pune is a lovely city with very decent and pleasant weather round the year. Most of the people live in rented homes in Pune. When people want to buy a house in Pune, they go to areas like Hinjewadi and Wakad. Let us now discuss and compare these areas.
Hinjewadi living standards
Hinjewadi has now developed into the most significant industrial areas of Pune, transforming from a sleepy village. Rajiv Gandhi Infotech Park is the pride of Hinjewadi, which is spread on the area 500 acre land and is consists of cluster IT/ITES and BPO units. They have developed Hinjewadi in four phases, out of which phases 1,2, and 3 are complete, and 4 step is under process.
Hinjewadi is located in the west of Pune and is at a distance of 21km from the railway station. It is usually called the IT hub of the city. It is house to India’s largest Conglomerates like Wipro, TCS, Mahindra Tech, Infosys, and IBM. Due to the growing population of IT professionals, there is an increase in the rate of residential projects.
Wakad is also located in the western part of Pune and is very near to Hinjewadi. Due to increasing IT professionals, residential projects and hospitals and other areas are developing rapidly in the wake. It has the most uncomplicated accessibility to Mumbai through Mumbai Expressway and the different regions.
Hinjewadi also has many famous educational institutes such as symbiosis institute of International business, blue ridge public school, to name a few. Also, there are well-versed hospitals as Sanjivani.
Whereas DY Patil engineering college, global academy of hotel management, and Kesari college are present in Wakad, which are well known for an excellent education.
It has excellent road transport, which connects Hinjawadi to Pune in the drive of 25 minutes to one hour. A Mumbai highway also connects Hinjewadi to Airport, and you can reach there in 45 minutes drive. Therefore it becomes easy for people to travel from Hinjewadi to any part of the city with the help of public or personal transport facilities.
Wakad also has functional connectivity with all nearby areas. All means of transport facilities such as road and rail are available and help reach prominent regions.
Low Real Estate Cost
As it is called the IT hub of the city, and it has seen a tremendous increase in the IT population, which has increased the demand for residential properties. It is the reason that a lot of investors have come forward and are investing in the capital in Hinjewadi.
At present, 32 pinewood drive named project is going on, which is handled jointly by the Namrata group and Bhandari associates. It has four towers, and 13 floors spread in the area of 7. 84 acres. It has all kinds of 2,3 BHK apartments which can be booked at the price 72.19-73.21 sq mt. They have designed the apartments for people who dream of a different lifestyle, where luxury meets class with all kinds of amenities available. This property is high in demand as it is near to the IT office in Hinjewadi
While in Waka, there is an increase in the rate of capital as it is very close to Hinjewadi. Because of this reason, the property here is also in high demand. The price per sqft of property ranges from Rs. 846 – 85366/sqft.