It is everybody’s dream to own a property or a flat in Pune especially in an area like Hinjewadi which is one of the biggest IT hubs. Most of the real estate developers in Pune recommend or suggest to buy a Luxurious Property in Pune. Among Wakad, Kothrud, Pashan, Balewadi, Aundh, and Baner, Hinjewadi has lots of new projects.
- IT Hub
IT hub is the main reason to consider that buying a property in Hinjewadi is a profitable option. There are almost 4 lac professionals employed over here and it is an important economic generator of Pune. There are lots of leading IT companies over here like Tech Mahindra, Infosys, Wipro, and Cognizant.
- Property rates
Approximately the ongoing capital values in Hinjewadi is around Rs 4000 To 6000 per sq. ft. There are various ongoing projects in Hinjewadi Pune and currently, more than 100 properties are available for sale constructed by Mittal Brothers over here.
- Well Developed Locality
There is no doubt that Hinjewadi is a well-developed locality. This area is split into two parts (MIDC) Maharashtra Industrial Development Corporation and the other is the village surrounding the MIDC. Most of them don’t prefer the latter because of poor civic infrastructure and roads. The social infrastructure is gaining popularity in terms of colleges, schools, police stations and banks.
- Housing units of Hinjewadi
In this locality, apartments are considered as the most supplied property type. Here you can find 2BHK and 3BHK flats. The approximate size of the 2BHK flat is around 800 to 1200 sq ft and the price range is around Rs 40 to Rs 80 Lacs. A 3 BHK flat will be around 1000 to 2000 Sq ft and the price range is around Rs 60 lac to 1 crore. Thus it can be said that it is really profitable to invest in Hinjewadi with higher rental incomes, enhanced consumer needs and the locality is quite promising.
Hinjewadi Phase 3 is also ideal for property purchase. You can definitely see growth and profit from an investment perspective. IT Hubs have been spread in Phase I And II and slowly it is developing in III as well.
You will definitely get a very good rental income from this investment. There is a steady rise in the cost of the property, therefore, it will be useful for resale value as well. This will be beneficial for you in terms of ROI.
- Business Center
Most of the business centers are in and around Hinjewadi like Ravet, Kothrud, Bavdhan, Wakad, Bhukum, Balewadi, Mahalunge, Tathawade, Nerhe etc. So if you are a businessman then this place is ideal for you to invest and look for profit.