After being rated as India’s Most Habitable Metropolis, Pune has attracted property buyers who wish to cash in on town’s rising reputation. Places like Hinjewadi are the fastest growing business hubs and value investor’s dream location.
Back in 2003 that the Maharashtra govt authorities introduced liberal incentives in its IT and ITES Policy, 2003. To attract multinationals, the stamp duty was waived off on all of the properties constructed on Maharashtra Industrial Development Corporation land.
This was the time when Pune embraced the IT revolution. The development of the Rajiv Gandhi Infotech Park acted as a catalyst in Pune’s property story and gives boost to the Hinjewadi location. As a number of IT corporations mushroomed, the world recorded elevated residential property demand from the professionals working in and around Hinjewadi.
One of many primary causes for Hinjewadi’s claim-to-fame is the presence of IT corporations. IT-ITeS corporations proceed to be Hinjewadi’s industrial workplace occupiers at 85%, adopted by manufacturing (10%) and biotechnology (5%). It contributes almost 60% of the state’s complete IT exports – and with greater than 450,000 professionals employed, Hinjewadi is a vitally necessary financial powerhouse of Pune.
In terms of School. colleges ad hospitals, Hinkjewadi infrastrusture is at its peak level. Well known schools and colleges like Mercedes-Benz International School, Blue Ridge Public School, VIBGYOR High School and the International Institute of Information Technology and Symbiosis International University are the backbone of modernized and improved educational system in Hinjewadi.
An actual catalyst of growth for investing in Pune Property
The primary, second, and third phases of the Hinjewadi Tech Park is operational. There are additionally plans for the fourth part. For visitors points, the present road network is being widened, and Metro Rail is beneath development. All these collectively catalyse the residential progress in Hinjewadi that may proceed to outline it as a vibrant realty hotspot in Pune.
A small share of projects in Hinjewadi provides farm house plots, which is very rare to find nowadays. If you are planning to invest in and around Hinjewadi, “Mesmerizing Woods” a farm house plots project with a gated community concept by Universal Landmarks is one of the best investment option.