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Property Investment Guide | 14th October, 2024
Hinjewadi is a western suburb of Pune close to the national highway (NH-4). Once a rural area, the development of Hinjewadi was triggered by the Government offering lieral incentives to IT and ITeS companies in the early 2000s. The stamp duty for owned and leased properties was waived to attract hi-tech industries to invest in Hinjewadi. The establishment of the Rajiv Gandhi Infotech Park also known as Hinjewadi Infotech park spurred the development of an IT hub. Today, Hinjewadi is a major IT industry hub buzzing with commercial and residential real estate activity in Pune.
Undoubtedly, Hinjewadi is a prime destination for tech professionals in Pune and there are several reasons for this.
1. Hinjewadi is home to the Rajiv Gandhi Infotech Park, which houses more than 400 IT and software companies, including global giants like Infosys, Wipro, and Tech Mahindra. More than 4 lakh employees work at this IT park forming a thriving ecosystem of like-minded professionals who have a lot in common. This facilitates information exchange and convenience for employment opportunities attracting young and experienced professionals.
2. The Mumbai-Pune Expressway, Pune-Bengaluru Highway, and the Mumbai-Bengaluru National Highway pass through or are near Hinjewadi, providing seamless connectivity to major cities. Locations like Baner, Bavdhan, Wakad, Kothrud, and Balewadi are easily accessible from Hinjewadi. The upcoing metro connecting Hinjewadi to Shivaji nagar is set to ease traffic congestion making the commute easier and faster. Tech professionals can enjoy seamless connectivity from every part of the city making projects in Hinjewadi a convenient for commuting and weekend outings.
3. The infrastructure development in the region is another reason why tech professionals are attracted to Hinjewadi. The presence of world-class healthcare facilities, and renowned international schools like Elpro International School and Delhi Public School are some of the developments attracting techies. Top hospitality brands like Radisson Blue Pune and Phoenix Mall are other attractions of the region. The needs of individuals as well as families living in the flats in Hinjewadi are taken care of.
4. Tech professionals living in Hinjewadi experience good quality of life. The lush green surroundings, serene environment, parks, sports facilities, fitness and wellness centres provide the much needed respite from the desk jobs of most IT and tech professionals. The healthy and active life rejuvenates and refreshes residents of 2 BHK flats in Hinjewadi after long and tiring workdays. Many cafes, pubs, restaurants and malls serve as centres for social interactions outside the workplace.
Tech professionals interested in investing do not have to search for ideal investment destination as Hinjewadi is expected to grow in the coming years. Investors can expect good returns on their investment by investing in real estate in their surroundings. All these reasons make Hinjewadi a prime destination for tech professionals.
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