Hinjewadi is a suburb in the northern region of Pune. It is gaining recognition as an upcoming urban area of Pune due to major economic and commercial activity boosted by the growing IT parks in the region.
There are many reasons why investing in Hinjewadi is a smart move:
IT Hub
Hinjewadi is a major IT hub in Pune with large IT parks that house big MNCs like Wipro, Infosys, TechMahindra, Tata Technologies amongst others. These parks employ more than 400,000 professionals who are responsible for 60% of Maharashtra’s IT exports.
85% of the commercial spaces in Hinjewadi are occupied by IT & ITES companies. The region is known as the Silicon Valley of Pune. It is obvious that so many professionals will need housing and accommodations which is the main reason for the demand for flats in Hinjewadi.
Connectivity
Hinjewadi is well connected to important hubs in Pune. It has well-developed roads and infrastructure which has boosted the liveability of the area. It is close to the Pune-Mumbai Expressway, Lohegaon Airport, and Pune Railway station. The growth of the IT sector has ensured the region’s commercial and real estate development. It is one of the most demanded residential destinations in Pune. It is also a commercial hub banking on the growing IT industry.
Social Infrastructure
Hinjewadi is a well-developed locality with all the facilities and amenities required by its residents. It has the best educational institutes like Symbiosis Institute of International Business and Mercedes Benz International School. The best malls in Pune like the Xion Mall are in Hinjewadi along with other shopping areas, cafes, and restaurants for relaxing during weekends. Shree Shivchhatrapati Sports Complex is well known for hosting sporting events and cultural activities. All these factors add to Hinjewadi’s attractiveness to working professionals.
Investment Options
Hinjewadi is emerging as a hub for townships offering many amenities and facilities. The investors can choose from budget apartments, luxury flats, independent villas, and bungalows in configurations ranging from 1 to 4 bedrooms. Flats in Hinjewadi Phase 3 are in demand and in general 2 BHK flats in Hinjewadi are the most popular. Some of the best developers in Pune are developing world-class homes with a wide range of amenities. The property appreciation in the locality is one of the highest in Pune to the tune of 20% yearly.
With more development of the IT industry that the government is taking up Hinjewadi will improve as a major residential and commercial hub. This is the best time to invest in a property here.