Real Estate In Hinjewadi - New Launch, Under Construction & Ready To Move Real Estate Projects & Prices/Rates In Hinjewadi, Pune

Located in the north-western part of Pune city close to NH-4 (National Highway 4), Hinjewadi is often called Pune's Silicon Valley since it is an IT hotspot and a burgeoning micro-market. Moreover, real estate in Hinjewadi is a rapidly growing and booming landscape, making it one of the most sought-after locations in Pune for buying residential and commercial properties.

Furthermore, Hinjewadi is home to some of the top multinational corporations, such as Accenture, Cognizant Technology Solutions, Capgemini, and IBM, to name a few. The measured growth of Hinjewadi's IT/ITES sector has resulted in a growing demand for residential properties among homebuyers.

In addition, the construction of the Rajiv Gandhi Infotech Park in the mid-1990s led to a big boom in Hinjewadi's real estate. Hinjewadi is surrounded by Talegaon Dabhade (North), Pimpri Chinchwad (East), Rihe (West), and Lavale Village (South). Also, since Hinjewadi is a thriving IT/ITES hotspot, it has a solidly built infrastructure and brilliant connectivity to other parts of the city and Mumbai, the neighbouring town.

Why is Real Estate in Hinjewadi Pune Distinct? - A Dive Into Region's Future

Transforming into a bustling hub of IT parks, commercial centres, and residential developments from a quiet village, Hinjewadi has been turned into phases, Phase 1 and Phase 3 being the most important ones. Let us see how:

• Phase 1 - IT Hotspot: This phase is a burgeoning IT hub that has attracted a massive influx of IT professionals and families seeking a residential abode. With brilliant tactical connectivity to all the significant areas, Phase 1 is the first choice for those seeking.

• Phase 2—Cooperative Ecosystem: Phase 2 of Hinjewadi promises a breeding ground for collaboration, knowledge sharing, and ingenuity. The high concentration of IT companies and business hubs creates a vibrant zone populated by investors, knowledge swappers, and ideas sharers. Through this ecosystem, growth and opportunities emerge for businesses and governments to improve it for a vibrant future.

• Phase 3—Residential Hotspot: This phase has evolved into a highly desirable residential area. Many homebuyers opt for this particular phase due to its proximity to IT Parks in Phase 1 and the Mumbai-Pune Expressway.

Being on the Expressway, which conveniently links the business districts in Mumbai, the much-coveted area of Hinjewadi is close to where it all happens. In sheer contrast to the surrounding area of Pune, Hinjewadi possesses a better rail line and airport connectivity from Pune International Airport at Lohegaon and Pune Station, respectively. This region also ensures that the inner streets of the area extend to the different phases. Phases 4, 5, and 6 are currently under construction and will further enhance the region's growing prominence in real estate.

How Well-Connected is Real Estate in Hinjewadi Pune via Rail, Road, and Air?

• Rail:

• The nearest station is Pimpri, which is 11 km away from Hinjewadi, and Pune Junction is 21 km away.

• The Hinjewadi-Shivaji Nagar metro corridor, which is spread across 23 km, will enhance connectivity and reduce travel time to the central parts of Pune.

• Road:

• NH-4 (National Highway 4) is the closest to Hinjewadi, connecting Pune and Mumbai to Bengaluru. Moreover, this highway offers excellent connectivity to Mumbai.

• The Pune-Mumbai highway and the Rajiv Gandhi MIDC road run parallel to each other. It provides an alternate route to Hinjewadi's Phase 1 and Phase 2 and relieves travellers from traffic congestion.

• Air:

• Hinjewadi is well-connected to the Pune Airport in Lohegaon, with a distance of precisely 20 km.

What Are The Major Growth Drivers For Real Estate Projects in Hinjewadi Pune?

Below listed are the major growth drivers that have contributed towards the rise of real estate projects in Hinjewadi:

• Due to the massive influx of people in Pune's central neighbourhood and rapidly growing IT/ITES corporations in Hinjewadi, demand for residential havens is rising among homebuyers, mainly IT professionals.

• The market value of real estate in this area is expected to receive a significant impetus when the time comes for the giant corporates around Hinjewadi Tech Park to set up their offices. In addition to that, there has been rapid progress in infrastructure improvements, such as the planned ring road and a metro network linking Hinjewadi and Shivaji Nagar.

• Large swathes of land are readily available, fused with Hinjewadi's proximity to the Pune-Mumbai Expressway greatly contributes to the area's rising growth trajectory.

• Real estate projects in Hinjewadi continue to see a massive surge in the region. Large township projects are being launched by various reputed developers, giving birth to new projects in Hinjewadi.

Moreover, the real estate prices in Hinjewadi are also on the rise due to these growth drivers.

What Has Been the Real Estate Market Analysis of Hinjewadi?

Hinjewadi's real estate projects have increased considerably in recent years, with Phases 1, 2, and 3 already completed and Phases 4, 5, and 6 in the pipeline. The construction in this area is in full swing, and with new under-construction projects in Hinjewadi, prices will be enhanced. Moreover, here are a few pointers one should keep in mind before investing in this rapidly-growing location:

• Invest in RERA-approved projects while receiving advice from a RERA-registered consultant.

• Identify the market you are entering and look into possible trends over the next several years.

• Take into account your finances and funding upfront;

• Consult with a tax expert;

• Substantiate the project's legality before investing.