Synonymous with IT, Pune’s Hinjewadi is one of the fastest-growing real estate markets in the country. With its proximity to IT parks, rapid infrastructural development, and promising investment returns, Hinjewadi is quickly becoming the top choice for seasoned investors and first-time buyers.
Here are some reasons why you should consider joining the bandwagon:
IT hub of Pune:
Hinjewadi houses the Rajiv Gandhi Infotech Park, with over 150 IT, manufacturing, and pharmaceutical industries. It is one of the largest employment hubs in the city, with a working population of over 3 lakh people by prominent IT/ITES and non-IT companies.
Scores of residential projects have sprung up to accommodate these employees, encouraging a “work to walk” culture in the location.
Connectivity:
Strategically placed right next to the Mumbai-Pune Expressway, Hinjewadi is well connected to the commercial districts of Mumbai and Pune, along with surrounding IT hubs like Baner, Balewadi, and Pimpri Chinchwad.
Relative closeness to Pune International Airport and Pune Railway Station ensures efficient connectivity via other modes of transport as well. Inner ring roads and the upcoming Hinjewadi–Shivajinagar Metro Line are expected to aid accessibility for the better.
Infrastructure:
Hinjewadi has seen a slew of attractive infrastructural developments, with commercial, educational, and healthcare institutions catering to the needs of the people. Public amenities like recreational facilities and shopping centers assure a well-balanced lifestyle.
Hinjewadi currently has three phases, with an additional three phases under development. Moreover, security-centric projects, like installing CCTVs, are in the pipeline to ensure a safe and secure environment for residents.
Investment opportunities:
Hinjewadi has seen some of the most promising investment returns in real estate, with prices appreciating by 13% in the last year and up to 32% in the past three years. The location generates handsome returns through rental incomes due to its significant working and migrating population.
An array of greenfield residential projects ranging from affordable housing to premium residences makes Hinjewadi your perfect investment opportunity.
So look no further, for the best is right here! Experience decadence at Joyville Sensorium with their spacious, but affordable 2 and 3 BHK homes.
Nestled on the banks of the Mula River, this home promises spectacular views, luxurious amenities, and a well-rounded lifestyle.
Hinjewadi, located in the north-western outskirts of Pune, has emerged as both a prominent employment hub and a residential locality. It is one of the most sought-after residential areas in Pune.
It is well-connected to other areas of Pune and is served by public transportation, including buses operated by Pune Mahanagar Parivahan Mahamandal Limited (PMPML). The planned metro Line 3 is expected to further improve connectivity within the city.
Hinjewadi offers a well-rounded, lively social infrastructure, including schools, hospitals, shopping centres, malls, eateries, and banks. Various residential township projects have their own shopping complexes, and there are additional retail options nearby.
The area is home to the Rajiv Gandhi Infotech Park, which spans three phases and houses major IT/ITeS & BPO companies, as well as automotive and biotechnology firms. All these solidify Hinjewadi’s reputation as a significant job hub in Pune.
With its convenient connectivity to major areas of the city, planned metro expansion, and availability of amenities such as schools and hospitals, Hinjewadi has become an attractive location for both professionals and residents.
Here is a list of the best luxury residential projects in Hinjewadi.
Joyville Sensorium
Joyville Sensorium
Joyville Sensorium is a luxurious residential tower by Shapoorji Pallonji. It is nestled on the banks of the Mula River and offers stunning river views, lush landscaping, and spacious homes with all modern comforts. The tower is designed to help you connect with nature and escape from the hustle and bustle of daily life. It is spread across 10.5 acres (42,400 sq. m.) of sculpted landscape with more than 80% open space.
Joyville Sensorium offers world-class amenities such as a 24-hour water supply, 24-hour backup electricity, CCTV cameras, club house, covered car parking, landscaped garden, a lift, a party area, a play area, rainwater harvesting, security personnel and waste management.
Godrej Woodsville is a 4.5-acre residential address that offers lavish 1, 2, and 3 BHK apartments with sleek kitchens, video door phones, pretty garden balconies and world-class amenities such as a clubhouse, swimming pool, gymnasium, children’s play area, jogging track, multipurpose hall and more.
Kasturi Apostrophe offers luxury 2 BHK residences in Hinjewadi. The project offers different amenities including gym, co-working spaces, childrens’ play area, community hall, recreation zones, swimming pool and more. The project boasts spacious houses with large balconies, furnished modular kitchens, and well designed bedrooms and bathrooms.
Rohan Prathama is a residential project located next to Radisson Blu in Hinjewadi. It offers 1 and 2-BHK apartments with world-class amenities such as a landscaped garden, clubhouse, swimming pool, gymnasium, children’s play area, jogging track and more.
Park Astra is a residential project located in Marunji. The property is developed by Pride Purple Properties and offers 2 and 3 BHK apartments with world-class amenities such as a clubhouse, a well-maintained swimming pool, children’s play area, gymnasium, jogging and strolling track, business centre, and more.
Rama Melange, developed by Rama Group offers premium 2 RHK residences in the heart of Pune. The property also provides amenities such as multi-purpose courts, a clubhouse, a forest trail, a green amphitheatre, gazebos, an aroma garden and more. The property is well-connected with the Wipro-Hinjewadi Phase 2 Bus Stop, Chakan Airport, International Airport and the Pune-Mumbai highway.
VTP Bellissimo is spread across 8 acres of land with lush greenery and natural spaces all around the property. It offers 2 and 3-BHK apartments with modern amenities such as a clubhouse, swimming pool, gymnasium, children’s play area, jogging track and more. It also provides green amenities for the disposal and treatment of sewage, rainwater harvesting, and conservation of water.
Lodha Hinjewadi offers lavish residences with sunlit decks, a sports club in the sky, a scenic riverside promenade, a golf course, cricket pitches and so much more. The property also has more than 70% open spaces. Lodha Hinjewadi houses 2, 3 and 4 BHK homes.
Kohinoor’s Sportsville is located in the heart of Hinjewadi and offers superior and expansive homes at reasonable prices. The project features 20+ floors with over 40,000 sq. ft. of sports areas. Kohinoor Sportsville is located close to the Hinjewadi IT Park and has a number of schools, hospitals and other social infrastructure in its vicinity.
Megapolis Sunway offers a range of 1, 2 and 3 BHK flats near Hinjewadi IT Park. The project offers premium and smart homes within walking distance from major office spaces. It is located at a convenient distance from schools, hospitals, daycare centres and other such facilities. The projects in the township offer amenities such as a rooftop swimming pool, meditation and yoga space, landscaped gardens and walkways.
Hinjawadi, also known as Hinjewadi, is a neighbourhood on the outskirts of Pune. Hinjawadi was a forested and agricultural area, a village tucked away from the sight of urban dwellers. However, due to large-scale developments in the past two decades, Hinjawadi is one of the prime locations in the country’s IT and residential sector today.
This article traces the transformation of the Hinjawadi area while exploring reasons to take note of this area and the gamut of investment opportunities it houses.
Important landmarks in the transformation of Hinjawadi
Development of the IT sector in Hinjawadi
The entire country has taken note of the rapid growth and development of Hinjawadi as an IT hub in recent times. The Rajiv Gandhi Infotech and Biotechnology Park, which spans 2800 acres, houses Indian and global companies like Infosys, Wipro, and Cognizant. The Hinjawadi region is also home to top IT and other companies.
The Hinjawadi MIDC, where most IT companies have offices, is divided into three phases. We will look at them in brief:
Apart from this, the plan to develop more phases is underway.
Development of the real estate sector in Hinjawadi
With the rise of the IT empire, there was a massive requirement for jobs which saw the flourishing of the real estate industry in Phase I and II. Some of the biggest names in the Indian real estate sector realised the development of Hinjawadi and constructed premium residential spaces in the region. Some include Shapoorji Pallonji, Pegasus Properties, and Kohinoor Group.
Today, Hinjawadi is called Pune’s Silicon Valley and has considerable demand and supply of residential spaces. Over 1.5 lakh people work in this area, and the job requirements keep increasing. According to 99acres.com, the real estate rates in Hinjawadi have risen by 20%. The development of the Hinjawadi-Shivaji Nagar Metro and the Pune Ring Road will further provide travelling ease for the residents in Hinjawadi.
Immense investment opportunities in Hinjawadi
Due to all these reasons, Hinjawadi has attracted investors due to its significant real estate price appreciation, increased offering, and rapid development in recent years. Apart from the IT Sector, the Hinjawadi area also boasts of housing some of the top educational institutions in the country, like the Symbiosis International University, Mercedes Benz International School, and Blue Ridge Public School. A range of entertainment spaces, including restaurants, bars, pubs, malls, retail outlets, and parks increases the desirability of living in Hinjawadi.
Shapoorji Pallonji, the curators of iconic projects globally over the past 150 years, have developed two stunning properties in Phase I — Joyville Hinjawadi and Joyville Sensorium Hinjewadi. These two properties are among the finest residential spaces in the area. To know more about these properties, visit — https://www.joyvillehomes.com
