5 Reasons For Investment in Residential Projects in Hinjewadi

Hinjewadi is a western suburb located in Pune. In recent years, the introduction of the Rajiv Gandhi InfoTech Park has transformed Hinjewadi into one of the biggest IT hubs in Pune. This has made it a premier residential area. Buyers looking to invest in property here will be pleasantly surprised with the premium and mid-range housing projects on offer. Additionally, the real estate boom has attracted reputed builders to the property market, resulting in greater competition and real tangible benefits to home buyers.

Thanks to a large number of top IT MNCs operating out of Joyville Hinjewadi, there has been a surge in demand for property. However, there are other benefits that must not be overlooked. 

Let’s look at some of them.

1. Greater Connectivity: 

Individuals looking for connectivity to IT parks in Baner and Aundh will be amazed by the proximity and how easy it is to commute. Additionally, the Hinjewadi Road runs through major highways like the Mumbai-Bengaluru Highway.When it comes to connectivity within Pune, Hinjewadi offers a wide network of bus services, with the Hinjewadi Bus Station and the Pimpri Bus Station within sniffing distance. 

Flats in Hinjewadi - Joyville Hinjewadi

2. Future IT Hub

As mentioned earlier, Hinjewadi has become an IT hub in the last decade or so. The recently built Rajiv Gandhi InfoTech Park is located in Hinjewadi. The IT Park is home to several top IT MNCs like IBM, Hexaware Technologies, Synechron, Tata Consultancy Services, Tech Mahindra, Cognizant, Honeywell, Mindtree, and more. Key sectors like biotechnology, IT, manufacturing, pharmaceuticals, and automobiles are all growing rapidly.

3. Great Amenities to Residents

The area was developed keeping in mind to include schools, hospitals, banks, and more. This resulted in a great social infrastructure and improved facilities for its residents. Today, Hinjewadi has some of the top schools and colleges in Pune. Some names include Mercedes-Benz International School, Sri Balaji Educational Society Law College, Symbiosis InfoTech Campus, and DY Patil University's Global Business School.

4. Price Trends

Over the last year, Hinjewadi has seen an average price appreciation of around 20%. Current property rates range between ₹4,000 - ₹6,000. The price trend is expected to grow with rising demand and is pegged to be in the range of 15%-25% year-on-year. This makes it a great investment with stable returns and higher rentals.

5. Range in Property Options

Hinjewadi offers something for everyone. The variety of projects range from affordable to luxurious and everything in between. For buyers looking for luxury flats in Pune, Hinjewadi promises grandeur with premium integrated townships that offer 5-star living. Even though the demand for flats is constantly on the rise, individuals looking for affordable housing to suit their budget are easily available.

Considering the rise in demand for residential property and the positive price trends seen over the years, Hinjewadi is a great place to invest in your next property. Aside from these four main points, homeowners will find other benefits of investing in a property here.