One of the major Indian cities, Pune is on the radar of many investors for its abundance of employment and educational opportunities. This quickly growing city also has growing potential in terms of development paired with its already established status as an IT hub.
Within the larger area of Pune, let’s take a look at two major locations that could be your pick for a real estate investment – Hinjewadi and Magarpatta.
Location
Spanning 450 acres, Magarpatta is a privately owned gated community in the Hadapsar area of Pune that comes under the Pune Mahanagar Palika. It is a well-equipped residential area that also houses other infrastructure and commercial spaces.
Hinjewadi, on the other hand, is spread across a massive 2800 acres and has gone through 3 different phases of development with the potential for many more phases. It offers the prospect of great real estate appreciation and comes under the Pune Metropolitan Region Development Authority (PMRDA).
Connectivity
Hinjewadi is connected to NH 48 with a metro station located inside the area. Pune airport in Lohegaon is 23 kms away, Pune railway station is 18 kms away, and the Shivajinagar bus stop is 16 kms from this location.
Magarpatta, on the other hand, is well-connected to the NH 65 Solapur highway with Ramwadi as the closest metro station. Pune airport and Pune railway station are both within 10 kms and the Shivajinagar bus stop is 12 kms from this location. This makes Magarpatta a better residential option for frequent travellers.
Opportunities
Magarpatta contains 40 to 50 companies including Amdocs, Principal, and Red Hat offering employment. The Commerce Zone, Kharadi, and Infotech parks are also easily accessible from here. Magarpatta IHM, K Tech Academy, and Magarpatta Public School are also available in terms of education.
Being much larger in terms of acres, Hinjewadi is able to offer more opportunities than Magarpatta. It has around 2 lakh employees working in 165 companies including Infosys, Tech Mahindra, and TCS. Many of the companies located here are big office campuses of either the all-India headquarters or the Pune headquarters. When it comes to education, there is Vibgyor School, Blue Ridge Public School, Symbiosis College, and Alard College.
Leisure & Culture
Magarpatta currently offers better community and leisure activities with the popular Amanora Mall and Seasons Mall both within a walking distance as well as Inox and Cinepolis theatres. There are also religious locations such as Mahalaxmi Mandir, Shiva Temple, Amina Masjid, and Church of the Nazarene.
Hinjewadi also has access to Zion Mall with a theatre and religious locations such as Dutta Mandir, Mangaon Masjid, and a Methodist Church. Furthermore, the huge land area promises scope for more expansion and construction in more phases of this development.
Residences
Both of these locations have residentials projects constructed by India’s international real estate powerhouse of Shapoorji Pallonji.
Joyville Sensorium is located in Hinjewadi, offering 2 and 3 BHK flats that start at Rs.68.6 lakh. The project has 9 towers spread across 10.5 acres with over 80% open space enveloped in the serenity of hills, expansive greenery, and the Mula River. Residents can enjoys tons of luxury amenities with a 2.8-acre multi-level sunken garden, vehicle-free podium, and 1.8 kms of walking boulevard.
Joyville Hadapsar is located close to Magarpatta, offering 1, 2 and 3 BHK homes that start at Rs.38.9 lakh. The project is spread across a sprawling 21 acres with over 80% open space. Residents can enjoy 60+ amenities, a 35,000 sq ft clubhouse and 4 mini clubs, 2.7 km of walking boulevard, and 8.8 acres of central amenity space.
