“Invest Today, Prosper Tomorrow” is an adage that still stands true for anyone who wishes to invest in Pune. The city has expanded rapidly in the last few decades. Whenever you hear the word IT in Pune, the first name that comes to your mind is Hinjawadi.
Until the year 1998, it was a small laid back village on the north-western outskirts of the city. Today, it has evolved as a favored office address of a few lesser-known and various well-known IT and ITeS companies. Having said that, it has also become a key investment destination for Mumbai-based investors, who consider Pune as a potential investment destination. The reasons for the same are obvious.
A Healthy Real Estate Market
Space crunch, exorbitant property prices, and infrastructure deadlock in Mumbai are driving real estate investors towards Pune. Hinjawadi offers a perfect solution to all these in its way. Let’s see how:
- Most prestigious housing projects in Hinjawadi are located in Phase I, II, and III near IT locations. This is quite unlike Mumbai, where in most cases, housing and commercial areas are located far from each other.
- Property prices in Hinjawadi have grown at a steady phase. There has been a 12.4% increase in prices between 2017 and 2019. Even after this, you can afford a luxury 2 BHK apartment at a modest price tag of Rs 70 lakhs and above. The same may cost you 2 crore or more in a lanky Mumbai suburb.
- Hinjawadi is one of the most happening places in Pune with its modern lifestyle amenities and exemplified civic, as well as social infrastructure.
Nowhere But Here
Externally, it looks like a fast-expanding IT hub, which hosts some of the big international IT companies like IBM, Infosys, TCS, among others and is luring smaller ones to set up their bases. Internally, it has become a preferred residential hub of techies who love walking to their workplaces to save on their travelling time. In between these two phases are a host of social amenities such as shopping centres, malls, entertainment areas, schools, restaurants, hospitals, and wellness centers – that assure a luxury of modern life.
Hinjawadi is well-connected to other parts of Pune through NH-48 and several internal roads. It is connected to the city of Mumbai through Mumbai-Pune Expressway and Mumbai-Bangalore Highway. By 2020, the place will get a new lease of life with Line 3 Metro – a 23.3 km stretch connecting Hinjawadi and Shivajinagar.
Put a Scarf On it Before Anyone Notices It
Owing to its IT culture and working population, Hinjawadi is one of those rare Pune suburbs that provide you with an assorted mix of affordable, luxury and super-luxury apartments at affordable prices. There are several integrated townships and high rise buildings in the area that assures prosperity to investors. For instance, Eon Homes – a Kasturi Housing project and an award-winning high rise is one such hot real estate property in Hinjawadi that is capturing the attention of Mumbai-based home investors. Located in Phase III, this property offers all premium amenities of a modern, contemporary home. It is connected to various work locations in the area and offers access to access to various aforementioned civic amenities.
What are you waiting for? More news or better time? With the increasing demand for liveable apartments in Hinjawadi, all reputed projects including Eon Homes are selling like hotcakes. Remember – it is now or never, so this is the right time to make a decision.