Real Estate Trends in Hinjewadi for Every Investor

by Anurag Gupta Real Estate Consultant

It is safe to say that Pune has achieved its fair share in the real estate market of India and now has become one of the major contributors in the growth of the economy of India. This city offers great residential property options for everyone in some of the major locations. The residential properties include mid-sized apartments, luxury apartments, villas and residential plots. All these properties are surrounded by most of the social amenities, modern infrastructure located at the heart of the city.

These residential properties have something to offer to every age group; working professionals, retired individuals, young couples, families, and children. One such location in Pune is Hinjewadi that offers housing options for all types of people. Hinjewadi assures you the best of modern metro living without any hustle and bustle of modern cities. Hinjewadi offers a panoramic view coupled with economic growth in terms of planned infrastructure, business parks, healthcare and conveyance facilities, educational institutes and social activity places.

Believed to be a new IT hub of India, Hinjewadi has turned into a suburban place that has everything needed to live a balanced, peaceful and smart life. The real estate market in Hinjewadi has witnessed consistent growth. Investment in real estate in Hinjewadi, Pune will be the cherry on the cake for your future growth. Therefore, If you are planning to buy a residential plot for sale in Hinjewadi as an end-user or as an investor, it would be crucial to understand the factors contributing to the growth trend in this market.

It is always considered the best location for residential plot investment as these properties provide value for money. Moreover, Hinjewadi, Pune has a great deal of public infrastructure and other facilities throughout the city.

Employment opportunities

Hinjewadi is an IT hub of Pune as big companies like Infosys, Wipro, Tech Mahindra, TCS, IBM have their office space in this location. This has generated more than four lakhs job opportunities for IT professionals. This growth has resulted in a boom in the real estate market of Hinjewadi.

Livable location with improved lifestyle

Hinjewadi has locational advantages with great connectivity to other major cities of Maharashtra. This place is great for a balanced work life and better lifestyle as it has everything from social to civic amenities such as easy access to public transport, availability of hospitals, schools, colleges and other entertainment facilities. It also has proximity to work that is the main attraction for people to avoid traffic struggles in Pune.

Rise in Rental Income

Hinjewadi has observed a continuous rise in demand for commercial spaces which has led to a rise in rental income for residential properties also as more and more people , especially youth are migrating here for new job opportunities.

There are certain factors to be taken care of before buying a residential plot to make it a better investment with good resale value.

Location of the plot

This is the most significant factor to be considered when you decide to buy a residential plot in order to get good returns in future. The location must be easily accessible to the major areas of the city.

Actual Value of the plot

It is advisable to do proper research on the plot value before buying a residential plot even if the deal seems great. Consulting a reputed real estate agent can surely help you in this task in order to make an informed decision.

Area of the plot

If you want to build your dream home then size of the plot is also important to be considered. You must check the built-up area to be made, topography and type of soil before buying the plot.

Verification of Title deed

It is crucial to verify if the seller has full right over the property. You must check the title deed of the residential plot which you are going to buy.

Necessary approvals by the local body

It is necessary to make sure that the residential plot has been approved by the City Development Corporation and the local body. Check for the necessary approval documents from the local authorities and make sure it is verified by a lawyer.

The Final Take

Hinjewadi is an ultra-modern suburb that is developed as well as gives an exposure to meet like-minded people. It is high time that you look beyond the urban pile of concrete in the metro cities to a better lifestyle in the suburbanites of Hinjewadi. Grab this lucrative opportunity to book a plot for a balanced and premium lifestyle amenities.