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Hinjawadi is a suburb located in Pune, Pimpri-Chinchwad, (Maharashtra), India, mainly known for the Rajiv Gandhi Infotech Park. The 2800-acre IT park in Hinjawadi, houses hundreds of companies of different sizes. It is off the Katraj–Dehu Road Bypass on the western side of Pimpri-Chinchwad in Pune.
Hinjawadi is a proposed hub for integrated townships in Pune. The new Special Township Policy Act of the Maharashtra government has laid down an integrated approach to development of townships to de-congest Pune Municipal Corporation areas and encourage new settlements in its periphery though higher FSI (floor space index) than what is normally allowed in the municipal limits.
The property rates in Hinjewadi, Pune keeps changing and if an investor wants to maximise the profit they need to act as per the market movement. The price trends section helps a property stakeholder to look at the ever-changing property prices in Pune and its corresponding Hinjewadi in form of graphs. The real estate buyers can consult these graphs and get information about quarterly changing price trends of Hinjewadi, Pune so that they can take a wise decision. At present on makaan.com, a user can access over 2055 properties. The price of properties in Hinjewadi starts from ? 2.50 lacs and the average price of properties in Hinjewadi is ? 69.29 lacs. The price range of properties in the Hinjewadi is ? 2.50 lacs-60.00 crore. Pune has as shown a down trend, and the Hinjewadi has shown a up trend since the last six months.
Hinjewadi property market: An overview
Hinjewadi is one of the rapidly developing suburban areas of Pune and is located very close to the industrial zones and the IT hubs of Pune. The area has good civic amenities and is very well-connected to other parts of the greater city of Pune.
Hinjewadi is a premier residential area located in the western suburbs of Pune. This was a rural area till the Rajiv Gandhi Infotech Park came up. Nearby Hinjewadi localities include many famous areas of the city of Pune such as Rihe, Tathawade, Wakad, Balewadi and Lavale. The varieties of the projects available in this area are many and they range from affordable to luxurious. There are a lot of reputed builders like the Vascon Engineers, Megapolis and Paranjape Schemes Constructions, who are working on their different projects in Hinjewadi. Some of the premier projects in Hinjewadi include Paranjape Blue Ridge, Peninsula Ashok Meadows and Kasturi Eon Homes.
Due to the advent of various IT majors and other multi-national companies (MNCs), the city of Pune has been witnessing a rapid growth in influx of working population from outside the city. As a result, there has been a surge in the demand for residential apartments in Hinjewadi, with it being one of the noted suburbs of Pune. Even though the prices of the flats in Hinjewadi are going up at a rapid pace, affordable housing to suit the needs of the mid and the junior-level executives of the various companies, can still be found here.
The Maharashtra government has proposed to develop Hinjewadi as an integrated township and there are plans drawn for a number of infrastructure projects to be implemented. Plans have been proposed by the Pune Metropolitan Region Development Authority to develop a metro route between Hinjewadi and Shivaji Nagar.
Connectivity with nearby Hinjewadi localities
There are a few major roads which run through the area namely The Hinjewadi Road and The Mumbai-Bengaluru Highway.
The area has extensive bus services with the Hinjewadi Bus Stand and the Pimpri Bus Stand lying in close vicinity.
There is a railway station at Pimpri from which railway services can be availed. The railway station is approximately 12 kilometres away from Hinjewadi.
It takes about an hour from Hinjewadi to reach the airport in Pune.
Reasons to invest in Hinjewadi
Considering the price trends in Hinjewadi and the rising demand, the locality would prove to be a good investment. There is excellent appreciation of property rates with a number of projects being developed here. Moreover, the area is one of the IT/ITES hub and industrial zones of Pune. The Maharashtra government has proposed to develop Hinjewadi as an integrated township, so the scope of development of infrastructure facilities is also there. Considering all these factors, Hinjewadi is an excellent place for investment.