Which Pune Locality Offers Better Residential Value

Pune ranks among the top destinations in the country for real estate. The growing economy boosts the demand for residential real estate due to rapid urbanization and growing employment opportunities. The city is a hub for the IT, manufacturing, and automobile sectors. With rapid industrialization, new residential markets are extending the city's boundaries. Kharadi and Hinjewadi are two such localities that have seen many new projects in Pune in the past few years. This growth is driven by the new IT parks and allied industries in these localities. 

This blog compares these two locations to understand which offers better residential value. 

Kharadi

1. Kharadi is well-connected by road to major commercial and residential areas like Koregaon Park, Viman Nagar, Wagholi, Magarpatta, Kalyani Nagar, Hadapsar, Cyber City, Chandan Nagar, and Mundhwa. The upcoming metro corridor from Hadapsar to Kharadi under Pune Metro Phase II, will augment the location’s marketability. The authorities plan to invest 123 crores for road revamps in the locality.

2. EON Free Zone, Zensar Park, and Gera Commerzone are major IT parks in Kharadi. Pune’s World Trade Center is situated here. IT majors like Wipro, Barclays, and TATA amongst others, have their offices here.  It is close to other important employment hubs like Magarpatta, Keshav Nagar, and Mundhwa. 

3. Flats in Kharadi have appreciated noticeably over the past two decades. In the coming years, the appreciation is expected to be 12% yearly. The appreciation is dependent on the development of IT parks, offices, and manufacturing units.

Hinjewadi

1. Hinjewadi offers excellent connectivity to other parts of Pune and beyond. 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.

2. 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. 

3. Flats in Hinjewadi boast of one of the highest rental yields in Pune with a 17% growth in rental real estate. Access to IT parks and other industrial hubs makes Hinjewadi an ideal location for housing. These factors make Hinjewadi an ideal choice for investment for investors seeking rental returns or growth in their investments. 

As we can see, both Kharadi and Hinjewadi are ideal locations for home buyers and investors. Both locations offer excellent connectivity, easy access to employment hubs, and have good growth potential.