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Living in Hinjewadi: What Makes It Pune’s New Address

by Ashiana / / 3366 views/ Reading Time: 4 minutes

The residential real estate market in Pune has witnessed a spectacular surge in recent times, particularly in Hinjewadi, which is now a favorite destination for home seekers and investors. This was once a peaceful neighborhood, but now it has become an IT city with more and more youths, families, and real estate developers. What makes the address of Hinjewadi special is that it is promoted as the most sought-after address in Pune. In this blog, you will delve into the key factors that have placed Hinjewadi on a pedestal in the context of the entire Pune real estate market.

Thriving IT Hub and Job Opportunities


Hinjewadi is accepted as the ground where Pune’s IT revolution started. This place holds Rajiv Gandhi Infotech Park, where big IT multinationals like Infosys, Wipro, Cognizant, TCS, etc., have thousands of working professionals. The constant flow of a working population in the locality has further demanded more residential projects, thus making it a favourable market for renting homes as well as properties.

Living near the place of employment not only eliminates working hours spent in traffic but also provides a good balance between work and personal life. These factors have made Hinjewadi one of the best real estate locations due to the increased demand for premium and mid-range housing due to its closeness to these tech parks.

Excellent Connectivity


Another advantage of Hinjewadi is its proximity to other parts of the city. Almost all the major parts of Pune are well connected to Hinjewadi. Its connectivity is brilliant since the suburb has links to the Mumbai-Pune expressway, which provides access to both Pune City and Mumbai. Besides, it provides easy access to other areas including Wakad, Baner, and Aundh, making it easy for people within this area to move within the city.
Living in Hinjewadi: What Makes It Pune’s New Address
Further, new projects like the metro rail line already under construction are expected to enhance accessibility to other areas of Pune within Hinjewadi. This enhanced access will further enhance real estate growth in the area, making it an appropriate investment destination.

Booming Social Infrastructure


Besides the industrial growth, Hinjewadi realized modern social amenities that complemented life in the area. The availability of good educational institutions such as Symbiosis Institute and MIT College assures the children’s education needs of the families. Good healthcare units, including Ruby Hall Clinic and Sanjeevani Hospital, have ensured that residents reflect on quality healthcare facilities.

In addition, Hinjewadi offers plenty of entertainment options, with shopping malls, restaurants, and venues like Xion Mall and Balewadi High Street nearby. These modern amenities make living in the Hinjewadi area both convenient and enjoyable.

Diverse Housing Options


Hinewadi boasts a wide range of residential options, from luxurious apartment complexes to villas and affordable apartments, to meet the needs of homebuyers in all segments. For those specifically interested in newly constructed properties, first-time homebuyers, or those seeking upscale apartments, a curated list of projects tailored to their preferences is available in Hinjewadi. Ashiana Housing, Lodha, Kolte Patil, and Godrej are some of the big developers who have launched several best-in-class projects in the Hinjewadi area.

With its wide range of housing options, Hinjewadi caters to employees working in the nearby IT parks and families looking for long-term residences. This diversity allows people to find homes that suit their needs, further boosting the appeal of this suburb.

High ROI and Rental Yield


Hinjewadi has emerged as one of Pune’s most preferred investment zones in the shortest period. There are various great investment opportunities in terms of capital gain and decent rental returns in the real estate sector in the suburbs. IT professionals are always renting accommodation, which adds up to the investors as they proceed to get an inflow of cash. Additionally, as infrastructure projects like the metro take shape, property values continue to rise, further enhancing the return on investment.
Living in Hinjewadi: What Makes It Pune’s New Address
Investors interested in obtaining high returns, after investing in properties in Pune, need to look at the potential that Hinjewadi has to offer.

Future Growth Potential


However, Hinjewadi’s growth is still in its premature stage. If regular infrastructure development is accompanied by increased commercial entities and residential accommodation projects, the area is slated for more growth. Successive new projects, IT parks, retail, and the newly proposed metro line will act as additional advantages and further set Hinjewadi as the ultimate location for real estate investments with increasing prospects of home buyers.

Conclusion


From being just another suburb of Pune, Hinjewadi has emerged as one of the largest IT parks and residential localities in the city. It has good connectivity, sound social infrastructure, varied housing, and good investment opportunities, and thus, it enables professionals and families to live comfortably. Even the ongoing construction of new buildings, like the metro line, adds to the desirability of the area. So, for anyone planning on buying a property or seeking a comfortable and well-connected residential space, Hinjewadi is undoubtedly one of the best options in the fast-expanding city of Pune.
Tags: real estate, ashiana housing, premium homes,
Category: Real Estate, Premium Homes, Investment,

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Q1. What is Hinjewadi, Pune famous for?

Hinjawadi (also incorrectly spelled Hinjewadi) is a suburb in Pune, India. It houses the Rajiv Gandhi Infotech Park, a large tech and business park spread over 2,800 acres, which was built by the Maharashtra Industrial Development Corporation.

The distance between Hinjawadi Phase 1 and Pune Airport (PNQ) is 30 km. The road distance is 24 km.

The elevated 23.3-kilometer Pune Metro Line 3 journeys between Megapolis Circle in Hinjewadi – the IT epicenter of Pune and the Civil Court in Shivaji Nagar – the prime central business area of the city.

About The Author

Ashiana, Ashiana Housing build homes. Homes surrounded by vast green spaces and fresh breeze. Homes cocooned in secured gated complexes. Homes where futures are forged and there are opportunities to grow. And Homes in environments brimming with healthy activity, trust and respect. At heart, we build communities with care.

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