Hinjawadi is a well-liked location for settling down for homebuyers, investors, and corporate occupiers. It stands out from other well-known areas of Pune due to its infrastructure improvements, superior connectivity, and steady real estate market.
An area may also have significant investment prospects if its supply is powerful. One such area in Pune where one may locate both business and residential supplies is the Hinjawadi area. There are numerous investment options in the area. Top global corporations are present in Hinjawadi, also called “Pune’s Silicon Valley.” They have drawn some of India’s leading experts to their presence. Over the past ten years, the area has experienced a boom in residential real estate due to the influx of workers and infrastructure improvements. Hinjawadi is a desirable location for real estate investment for several factors; it is noteworthy.
It is accurate to state that office construction has influenced residential growth. As a result of the structure of the Rajiv Gandhi Infotech Park, Hinjawadi has gone from being a sleepy suburb to a thriving business center. Over 165 offices of leading corporations are located on its 2800 acres, also known as Hinjawadi Park. In total, these offices employ around 1.5 lakh people.
Sources of growth
Range-bound pricing points: As a result of its commercial success, Hinjawadi’s residential market is competitive. As a result, the area provides various housing options, including mid-range, luxury premium, and inexpensive homes. Residential prices range from Rs. 4500 to Rs. 9,000 per square foot. The affordable and middle-income categories account for the majority of the demand. When apartments are for sale, the two-bedroom and three-bedroom flats are typically the most expensive. But in recent years, the region has seen a good supply of luxury and high-end houses, demonstrating a need for this type of property.
Excellent connectivity
People who have flocked to the area to buy homes and work there benefit from connectivity. Hinjawadi’s proximity to the Expressway that connects to Mumbai’s business centers is its primary geographic advantage. The region has excellent connections to other significant areas of the city and state. Due to the availability of transportation options in the area, one can save time on his daily journey and money. Essential locations, including shopping centers, bus stops, airports, and train stations, are conveniently located.
The presence of good builders
The existence of top-notch developers is another factor in Hinjawadi’s popularity. A group of reputable builders has come together to turn this area into Pune’s top investment location. Some well-known developers in the area include Kolte Patil, Kumar Properties, VTS, Godrej Properties, and Shapoorji Pallonji. Other developers have teamed up to start cutting-edge projects, including Lohia-Jain and Ashiana Housing.
Increase in the IT and ITES Sector
Multinational corporations and occupiers from the IT and ITES industries are present in the region, which is a well-established location. Because of this, the rise of residential space has been spurred by the presence of IT businesses. The changes support one another. The existence of these businesses has also impacted the growth of modern infrastructure. The services have been driven by ex-pats and foreign nationals who have moved to the area to work in these businesses.
Social infrastructure is present.
An overall infrastructure update in the area has made social life successful and easy. High-caliber hospitals, schools, and shopping centers have been built due to the presence of professionals and their families.
This authored article was drafted by Sai Choudhari and shared with Prittle Prattle News exclusively.
