Talegaon vs. Hinjewadi
Looking too settle down or moving to a new location in a smart city is often considered a tough task. To implement the thought, one needs to think about certain factors ie, educational institutions, infrastructure, healthy locality, medical facilities, connectivity, cosmo crowd along with job opportunities.
Pune city is one of the best options available in the country, in comparison with other metro cities. The cost of living and other qualitative parameters are reasonable and affordable in Pune. If one is looking for a place to invest or buy a property in Pune, there are various options available in the market. Purchasing a property is a huge one-time investment, its advisable to invest in an area that suits all the requirements.
The northern side of Pune provides a great location. Talegaon and Hinjewadi are emerging as famous housing locality. Both places are on the feasible distance. Talegaon area has gone under massive construction development, while keeping a healthy environment into consideration. Due to the large upcoming industrial and commercial market around, the area provides an affordable investment option for buyers.
Being an IT corridor Hinjewadi is a safe option for investment as it provides job opportunities, better community living, and connectivity.
The fastest-growing area provides a perfect balance of work and life balance. Talegaon provides choices in the Multistorey Apartments and Residential sector. The sale rate starts from Rs 3,974/- per sqft to Rs 4,767/- per sqft. It covers the range of availability from lowest to highest end.
Whereas in 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.Both areas cater to bungalows, row houses, apartments, and even senior citizenship projects.
Being the most prominent IT hub, Hinjewadi employs more than 70000 people. Country’s most prominent IT players like Wipro, TCS, IBM Global have their huge office setups. Due to which many new software companies are drawn to the attractive location, which will definitely generate more job opportunities.
In Talegaon GM, L&T, Posco Steel, JCB, Avery Denison, Cosmos, big industrial companies have marked their presence in the area. The area is away from the city is surrounded by industrial and IT hubs, due to which constant ever going demand for residential areas is building up.
Due to the easy accessibility of Pune-Mumbai Express Highway and various modes to transportation in close vicinity, make Talegaon a suburb area of Pune. Due to the excellent location surrounded by serene nature, the area is away from chaotic traffic jams.
Hinjewadi, 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 be well connected through major Metro stations.
Future Developments in the area
Due to massive investment in infrastructure, Talegon and Hinjewadi both have become prime locations for real estate, industrial, and commercial markets. Investment demands in both places have risen in the last decade.
Mark group plans to invest Rs 500 crore in projects coming in and around Talegaon. TATA La Montana Phase III Housing project has just completed with 647 apartments on 20 acres of area.
In Hinjewadi 32 pinewood drive named project is going on 7.84 acres area, Paranjape Orion project of 3 towers on 4.19-acre area.
A significant demand in real estate cannot be satisfied if proper civil administration work is not provided to the buyers. Adequate water supply, proper infrastructure, transportation facilities are major factors in making Talegon and Hinjewadi popular location for people’s needs. Talegaon comes under industrial belt of PCMC, Maval and IT/BT park and Hinjewadi is just 25min drive away.