16 Jul Why to buy a property in Hinjewadi
Hinjewadi is a suburban area of Pune city in the state of Maharashtra. It is located in the south western part of Pune. Hinjewadi was a rural area until the construction of Rajiv Gandhi IT Park. Hinjewadi started upscaling in the year 1998, when the foundation of IT zone was established. Maharashtra government’s IT/IT es policy in early 2000 laid a strong foundation of information technology in the city. The suburb has developed in three phases i.e. Hinjewadi Phase-I, Hinjewadi Phase-II, and Hinjewadi Phase-III.
With the onset of multinational companies setting its foot in Hinjewadi, it has become a rapidly growing investment hotbed. Being a great place for career opportunities, a large number of people started relocating to this area. Within the last decade due to its expeditious growth in terms of real estate, Hinjewadi has become a hotspot for property buyers.
Here we have enlisted the reasons why Hinjewadi is the next big suburb in Pune to invest:
Special Economic Zones (SEZs/ IT parks)
Hinjewadi is the hub of IT companies and start-ups in Pune city. Most of the population who require an opportunity for their career move to this area. World’s largest MNCs like TCS, Infosys, Wipro, Cognizant etc., have started to relocate their offices in the Hinjewadi IT parks. With the rise of job opportunities and setup of large companies, the demand for upscale luxury and mid-size apartments have risen manifold in this area.
With onset of families getting settled in Hinjewadi due to job opportunities, their children require educational facilities as well. School is the foundation of knowledge kids are exposed to for their physical and mental growth. Hinjewadi will give you various options to choose from for your kid’s schooling. Various renowned schools have opened their branches in this area.
Hinjewadi has a close proximity to two major connecting highways, Pune-Mumbai Express way and Mumbai – Bengaluru Expressway which serves its location a great strategic advantage. Hinjewadi is also well connected to the heart of the Pune city through well connected City bus services, proposed metro routes, and the growing technological advancement of App based cab services. It is a well-planned locality where you will find wide and well-developed roads. Hinjewadi is one of the best possible location choices you can make to have a home.
Scope for rental income
Not only for the purpose of living yourself, purchasing a property in Hinjewadi can provide you with a great rental amount. Hinjewadi is one such locality in Pune city which has seen exponential rise in demand of residential and office spaces. The gradual rise in demand for commercial properties has also led to the rise in the rental value of the spaces. Hinjewadi has captured the attention of many individuals due to its location connectivity to the major parts of the city.
Quality of living in Hinjewadi
A location’s importance is added up with its amenities located in that area. Shopping malls, parks, gymnasiums, world class hotels and restaurants. These kinds of amenities attract people to settle in Hinjewadi and the availability of leisure and recreational activity centers makes it the first choice of families to buy homes and settle here. It has a close proximity to Wakad, Baner and Aundh which are prime areas of Pune with famous clubs, restaurants and important offices.
Hinjewadi is the hotspot of urban development and its real estate market is going to grow in upcoming years. Phase 4, 5 and 6 of Hinjewadi are proposed to develop in the coming time and it will rise the real-estate value and demand here. The Vivansaa Group is a well-established and renowned name in real estate market. They have been developing premium residential complex with world class amenities in Hinjewadi with 2&3 BHK apartments for sale called Vivansaa Cellandine.