By Soniya Gaonkar on Jan 25, 2022 5:42:46 PM
Pune has carved out its due share of the Indian real estate market and is now one of the country's leading contributors to economic progress. Some of the city's most prominent areas provide excellent residential property alternatives. From mid-sized flats close to all social amenities and modern infrastructure to luxury apartments in the city's centre, these places have something for everyone: young couples, working professionals, families, and migrant workers.
And the Hinjewadi area in Pune city is one of the few areas in Pune that provides housing opportunities for people of all backgrounds. Hinjewadi, formerly thought to be an IT hub, has grown into a suburban area with everything needed to live a quiet and smart life. With the most commonly asked questions and answers, we will help you understand what makes Hinjewadi a great choice for real estate investing in this blog.
So, let’s dive in.
1. Is Buying a Flat in Pune, Hinjewadi Worth It?
If you work in the Hinjewadi IT park or plan to work there, Hinjewadi is a fantastic choice. In addition, with it’s close proximity to Wakad, Chakan, Tathwade, Sus, Baner, Pashan, and Pune-Mumbai expressway, Hinjewadi is also a great option for business persons and office goers who have their work in these neighbourhoods.
2. What are Some Business Sectors for Employment Opportunities in Hinjewadi?
Hinjewadi is mainly an IT hub, but various other business sectors such as manufacturing, automobile, biotechnology, etc that offer tonnes of employment opportunities for working professionals are also growing at a tremendous rate.
3. How is The Connectivity of Hinjewadi to Other Parts of the City?
It goes without saying that all of Hinjewadi's residential projects have excellent connectivity. Public transportation is always available here for quick access to everything. In addition, major cab services like Ola and Uber also provide their services in these areas.
4. What is the Average Property Price in Hinjewadi?
The average property price in Hinjewadi varies. For a regular apartment, the price range per square feet is 1,200 to 13,793, for a villa, it can hover between 4182 to 14733, and for an independent plot, it can be 200 to 5,000.
5. How is Hinjewadi as an Area To Live?
Hinjewadi has all the basic things you may expect from an urban location, such as cafes, pubs, bars, restaurants, mall, multiplex, business hotels, banks, petrol stations, hospitals, cricket Ground, tennis courts, Amazon & Flipkart deliveries, swimming pool, & city bus connectivity, midnight food, Mcdonalds, tea stalls, pan shop, Dmart, Big bazaar, etc.
If you are a group of male/female couples then you will have great fun around, there are various apartments where you can settle for some time, rent is around 12,000 - 17,000 for 1 and 2 BHK flats. Buying a flat may cost you around 30 to 80 Lac for 1 to 3 BHK respectively.
6. How is the Future of Real Estate in the Pune Hinjewadi Area? Is it Worth it to Invest?
The IT centres in Hinjewadi have drawn the brightest specialists to Pune. This working-class neighbourhood is made up of young and middle-aged people who are looking for housing projects that will complement their lives while also allowing them to maintain a work-life balance. As a result, their quality of life expectations in Hinjewadi has significantly improved in the real estate industry, particularly in terms of building and design.
Hinjewadi also has three phases in the IT sector, with a fourth phase being proposed. As the IT sector expands, more job possibilities will emerge, resulting in increased migration and housing demand. As a result, now is the best moment to invest in Hinjewadi since the future looks promising and will undoubtedly pay off well.
7. Apartments or Plots, Which One is the Best Investment in Hinjewadi, Pune?
As both apartments and plots are available in Hinjewadi, investment depends on your financial goals and affordability. In Phase 1, you will mostly find good affordable apartments and rare costly plots, but in phase 2 & 3, you can find both affordable plots and good apartments. Builders like the Kohinoor group have launched their 3 ambitious projects in Hinjewadi phase 1 & 3 Tinsel County, Coral and Sportsville. You can check them out on the Kohinoor Groups’ website.
8. Is Hinjewadi, Pune a Good Location to Buy 3 BHK Flats?
Absolutely yes! Investors and residents have been thronging in various Hinjewadi projects to buy large size properties for their amazing value. The projected growth for Hinjewadi is skyrocketing, so whether you buy a tiny house or large size home, you won’t go wrong with any of your decisions.
9. Why should I Invest in 1 BHK Flats in Hinjewadi, Pune?
You should invest in Hinjewadi for its amazing price appreciation and rental income. Since 1998, quite a lot of Investors have been buying individual plots and apartments in Hinjewadi for its fantastic ROI. With a 1 BHK in Hinjewadi, you can make your investment portfolio really strong and earn a regular income as these small apartments easily go on the lease.
10. I am planning to buy a new apartment near Hinjewadi IT Park, before my marriage. Could anyone help me with some tips for beginners investing in real estate?
Congrats on the wedding. Now coming to the point, it’s best to rent a property in the same neighbourhood before directly investing your life worth. For the same, Hinjewadi phase 1 & 3 are great. It is far from the hustle of the city and quite near to Rajiv Gandhi Infotech Park and other IT companies.
11. Which is the Best Real Estate Property in Hinjewadi?
If you're searching for a property that's close to nature while also being close to Hinjewadi's IT industries, go no further than Kohinoor Sportsville. Every provision and amenity in this community is designed with active and healthy living in mind, whether it's the exclusive clubhouse, the 5 tower gates community, the bike track, or everything else. This is the place to be if you live an active lifestyle and are seeking a 1 BHK Flat in Hinjewadi Phase 1, a 2 BHK Flat in Hinjewadi Phase 1, or a family-sized 3 BHK Flat in Hinjewadi Phase 1.
12. Is a Ready to Move Property Worth Buying in Hinjewadi, Pune?
It depends on your budget and needs. Ready to move properties are always costlier than under construction ones. In addition, if you can wait to move in and are short on cash, then under construction properties are your best bet.
One may always acquire a lot of exposure at Hinjewadi, with the added benefit of the prospect of meeting like-minded people. This area's optimal development will provide everyone with top lifestyle advantages.