Know the job prospects, future Pune Metro connectivity, and living style in Hinjewadi PuneSamar Javed17 October 2019
Hinjawadi is a village that is located in the Indian state of Maharashtra. However, after the construction of the Rajiv Gandhi Infotech Park, the village has seen vast residential, commercial, and industrial developments. Moreover, the new Special Township Policy Act of the Indian state has set an integrated approach to the growth of townships to unclog area that comes under the Pune Municipal Corporation areas. The act encourages new arrangements in its periphery through higher floor space index than what is usually permitted in the municipal limits. It makes people throughout India consider buying a property in Pune to have a comfortable and peaceful living.
Job Prospects in Hinjewadi
Hinjewadi has turned out to be a magnet for those who want to buy property in Pune. As a hub for investments and employment, the image of Pune has served to magnetize people from all parts of India. It is because Pune real estate has experienced great development, and the population hadgradually increasedto 67 lakhs in 2018.
The IT Park in Hinjewadi has more than 165 companies in its three phases and provides work for more than two lakh employees. These individuals form a huge base of prospective people who are looking to improve their career prospects. It also makes them look at a property for sale in Pune, who want to reside close to their office.
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At present, 4.5 lakh square feet of new IT buildings and companies are arising in these newly combined zones. Among these regions, Hinjewadi, which is located in the western side of Pune, has emerged as the most sought-after village amid people who are hunting for lucrative jobs and those who are looking at flats for sale in Pune.
Drive Demand for Homes in Hinjewadi
Currently, in Hinjewadi, the capital values stand at Rs 5,460 per square feet, which have increased by 7% over the previous six months. There are more than 200 projects for sale and above 2150 resale property in Pune for grabs.
Hinjewadi is also an ideal locality for families that are seeking an affordable property on rent in Pune. Overall, prices of the land for residential flats in Pune range from Rs 2 lakhs to Rs 7 crores. On an average, people who want to buy residential flats Pune, such as 1BHK unit, they may need to invest a minimum amount of Rs 29 lakhs, whereas a normal-sized 2BHK unit would cost about Rs 45 lakhs.
For those, who would like to buy property in Pune with bigger configurations, the cost could go beyond Rs 77 lakhs. Prices differ, according to the brand of the property developer, the place of the property, facilitiesprovided to the homebuyers, etc.
Above all, if you want to earn a rental income from your new residential flats in Pune, you will get a civilized house on rent in Pune from Rs 15,000 to Rs 30,000 per month from it.
Upcoming Pune Metro Connectivity for Hinjewadi
While residential flats in Pune for sale in and around the IT hubs tend to be too costly for the bulk of investors and end-users, Hinjewadi is well connected to these hubs. Moreover, people are capable of buying the best residential flats in Pune, owing to their low prices.
In general, as Hinjewadi is driven by the growing ITsector of Pune, there exists a great demand for old and new residential flats in Pune. Moreover, the 23.3-km stretch Pune Metro Rail project that will connect Hinjewadi and Shivajinagar could serve as a benefit for residents.