By Soniya Gaonkar on Jun 7, 2022 10:12:00 AM
From Delhi NCR to Bengaluru and Chennai, the wake of digital evolution has transformed the prominent cities in India into IT hubs. One such city that saw its suburban areas growing and spreading with buzz is Pune. Since the rise of the Rajiv Gandhi Infotech Park in Hinjewadi, the area has transformed from a village at the curb of the city to the heart and home of IT professionals in and out of the state.
From locals setting up small businesses to support the newly harbouring population to the builders and real estate brands building residential projects catering to the IT professionals. The neighbourhood has seen extensive growth in terms of incoming population, and with that the growing infrastructure development near Hinjewadi Phase 3.
From basic needs and lifestyle amenities to connectivity through public transport and new upcoming projects in Hinjewadi, Pune. The city has certainly revived the area into one of the most happening and liveable neighbourhoods in India.
The Influence of IT
The establishment of IT and ITeS companies became a powerful magnet for infrastructural growth and the rise of real estate in Hinjewadi. With over 400,000 professionals working for the companies and the organisations established in and around the area, Hinjewadi has become a prominent powerhouse and hub for residential townships in Pune.
With the interesting architectural canvas, lifestyle amenities, and self-sustaining townships such as Kohinoor Coral, there has been a substantial increase in real estate investment in Hinjewadi Phase 3.
Today, builders and real estate companies striving to provide 1, 2, and 3 BHK flats at competitive rates with modern amenities have been attracting a larger working population to the IT hub of the city.
Strong Connectivity and Means of Transportation
Situated at the curb of the Mumbai-Bengaluru highway and being the focal point of Pune’s ecosystem, Hinjewadi enjoys the extremely well-planned and developed physical infrastructure as well as connectivity to the other parts of the city.
Located close to the Mumbai-Bengaluru Highway NH-4 Hinjewadi provides excellent connectivity to Mumbai and Bengaluru from Pune. Rajiv Gandhi MIDC Road is an alternate fast route to Hinjewadi Phase 1 and Phase 2, which is parallel to the highway and less flooded with vehicles.
The recent in-progress Hinjewadi-Shivaji Nagar metro corridor will significantly improve the connectivity from the central areas in Pune reducing the time and traffic of daily commute.
The Growing Demand for Residential Real Estate
With the continuous infrastructure upgrade, massive commercial developments, and strong connectivity from the central areas of Pune. Hinjewadi has experienced significant demand for residential projects in the past decade. This growing demand drew in popular names in the real estate to build townships and provide flats in Hinjewadi Phase 3 at competitive rates. Among such townships and available residential projects, real estate investment has seen a rising preference for ready-to-move-in 2 BHK flats in Hinjewadi Phase 3.
More than accommodation, Hinjewadi has seen a rise in real estate investment in the past few years. The greater connectivity to the metro cities like Mumbai and Bengaluru. The well-developed infrastructure, increasing prices, and popular real estate names with a legacy of quality and trust have provided investors with prominent and trustworthy means of investment in Hinjewadi’s real estate.
Life at Hinjewadi Phase 3
The rise of IT companies and other businesses has made Hinjewadi a sought-after residential destination. The influx of the working population and residential hubs has resulted in the development of social amenities in the area such as hospitals, educational institutes, and means of entertainment. The chain of malls, multiplexes, hospitals, and international schools has set a sturdy base in Hinjewadi. Moreover, the major retail outlets and shopping malls make for a comfortable living and luxury lifestyle millennials are drawn to.
The ongoing metro corridor, the construction of Phase 4, the widening of the existing road network, and infrastructure upgrades. Will further increase the real estate prices in Hinjewadi attracting more investors, house seekers and investing in 2 BHK flats near Hinjewadi Phase 3.