Total Projects: 118
Hinjewadi is a major residential cum commercial zone in the western part of Pune near the Bypass Road. There are several mid range, affordable and premium residential projects being built here by leading developers like Paranjape Schemes, Kolte Patil, Vascon, Kumar, Xrbia, Megapolis and others. 2 and 3 BHK apartments are predominantly available in the area while several projects are in advanced stages of construction here. Hinjewadi is majorly known for its Infotech and Biotechnology Parks. The IT Park lies on the Katraj-Dehu Road Bypass which is a major connectivity lifeline for residents in the area. This is known as the Rajiv Gandhi Infotech Park and is home to the who’s who of Pune’s IT sector.
Hinjewadi is also a major hub for integrated townships. As per the Special Township Policy Act of the Maharashtra Government, townships will be developed in the area to decongest Pune Municipal Corporation zones. More than 100 IT and ITeS companies are currently operating in Hinjewadi with overall revenues crossing INR 30, 000 crores in terms of exports. A metro route has also been proposed by the Pune Metropolitan Region Development Authority (PMRDA) that will run between Shivajinagar and Hinjewadi. This route will pass through several PMC, MIDC and PCMC zones, thereby boosting connectivity hugely in the future.
The MIDC (Maharashtra Industrial Development Corporation) has already tied up with the Hinjewadi Industries Association to install closed circuit television cameras in the IT Park. There will be 22 cameras monitoring activities across six junctions at the IT Park. This will be integrated with the INR 225 crore CCTV project to be executed in Pune. Hinjewadi is also home to several reputed educational institutions including the International Institute of Information Technology, IIMS College, Symbiosis International University, Pawar Public School and the Blue Ridge Public School.
Hinjewadi lies just 10 kilometres away from Pune city and the Mumbai-Pune Expressway can also be accessed easily from the locality. Leading companies in Hinjewadi include biggies like Honeywell, IBM, Tech Mahindra, Tata Consultancy Services, Cognizant Technology Solutions, Mindtree and many others. Hinjewadi offers good connectivity to Pashan, Aundh and Baner Road. Aundh is home to several shopping complexes and supermarkets. Bus depots have been opened in Hinjewadi by the PMPML. Other strategically located bus depots have also been opened in order to scale up frequency of buses to and from Hinjewadi.
Property prices have gone up by approximately 1.03% in the area as per Q3 2015 while average prices stand at around INR 5, 556 per sq. ft. here for the same period. Popular projects include Kolte Patil Life Republic, Megapolis Smart Homes II-Sunway, Paranjape Schemes Blue Ridge, Kohinoor Tinsel Town, Peninsula Ashok Meadows and Kasturi Eon Homes to name a few. Demand for property in Hinjewadi has gone up by leaps and bounds due to the IT Park, proximity to Pune city and major highways and roads.