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Hinjewadi: One stop property destination for every budget

  • Purple Realtors by
  • 13 June 2017
Hinjewadi: One stop property destination for every budget

Pune

Located in the West, Hinjewadi, one the suburbs of Pune,is an active IT hub and also an attractive residential destination. Being the workplace for many professionals, Hinjewadi offers affordable property values and smooth connectivity to other parts of the city. 

The fact that Hinjewadi is a proposed hub for integrated townships in Pune, and that Maharashtra government is focusing on developing townships here to de-congest Pune Municipal Corporation areas, has worked for the real estate market of Hinjewadi. Higher FSI (floor space index) than what is allowed in the municipal limits in Pune is an added advantage.

As per the data with Magicbricks, a wide variety of properties are available here, ranging from 1BHK, 2BHK to spacious villas. The current property values in Hinjewadi range from Rs 4,800-5,700 per sq ft.

For a 1BHK flat, in sizesof 380 - 843 sqft, one needs to spend Rs 21 - 49 lakh. For a 2BHK flat of 586 - 1372 sq ft, you may have to spend Rs 33 - 77 lakh, while for a 3BHK flat in size between 850 -2097 sqft, the price can be around Rs52lakh - 1.21 crore.

 "Hinjewadi receives maximum housing demand from IT professionals working in the locality. The demand has improved a little in the last couple of years, due to slowly improving civic infrastructure and roads. Therefore, small 2BHK homes are preferred here by middle-income home buyers,"

Development on the cards

The Maharashtra government and other authorities are taking many initiatives to improve the liveability quotient of the localtiy. Hinjewadi Industries Association and the traffic police last year initiated a dedicated bus lane from WakadBridge to Hinjewadi, which helped the commuters in saving at least 10-15 minutes of commuting time in the peak hours of the morning traffic.

Moreover, this month, the Pune Metropolitan Regional Development Authority has taken up the 23.3-km Hinjewadi to Shivajinagar elevated Metro rail project, which will cover HinjewadiMegapolis-Wipro Junction and Shivaji Junction till the WakadFlyover and then go beyond.

Thus, with varied options available in every budget range, Hinjewadi is an ideal choice for home buyers with limited funds. Keep in mind that complete due diligence of the property and selecting reputed builders with a clean track record is absolutely necessary.