Best Residential Localities Near Hinjewadi

Best Residential Localities Near Hinjewadi

Best Residential Localities Near Hinjewadi
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Hinjewadi has gained its name for being a coveted realty destination in the western suburbs of Pune. Located close to Rajiv Gandhi Infotech Park, the locality is home to many techies who have relocated to the city for jobs. In a span of two decades, this erstwhile village-cluster has seen tremendous growth of new office spaces - mostly housing renowned IT/ITeS and multinational companies - which has been fuelling the residential demand in the surrounding regions as well. The housing options available for buyers or renters ranges from small affordable units to luxurious homes to meet the budget preferences of middle level executives and young couples.

MakaanIQ lists the top five residential localities near Hinjewadi, based on the sale of units in the recent months.

Bavdhan

Tucked 14 kilometres southeast of Hinjewadi near the Mumbai-Bangalore bypass, Bavdhan is developing into a desired residential hub as it houses many industries and educational institutions. Located just 14 kilometres from the Hinjewadi IT Park, Bavdhan offers a quality lifestyle with plenty of social amenities close at hand. The civic infrastructure was recently upgraded during the 2008 Commonwealth Youth Games. Over 240 residential properties - including those by reputed builders like Kolte-Patil Developers - are available here, which are in various stages of construction. The sizes of houses range from compact 318-sqft spaces to sprawling apartments of 1,500 sqft.

The average capital values in the locality is Rs 7,100 per sqft. The area offers over 150 ready-to-move-in properties priced at Rs 40 lakh for a 1BHK home to Rs 95 lakh for a 3BHK apartment. Properties on rent are available between Rs 8,500 to Rs 50,000 per month.

Pirangut

About 13 kilometres southwest of Hinjewadi is Pirangut, a locality garnering the attention of developers owing to availability of land parcels. Several IT parks like International Tech Park, Panchsheel Tech Park, DLF Akruti IT Park and Rajiv Gandhi Infotech Park are approximately 15 kilometres from the locality. There are reputed colleges and management institutes in the vicinity which makes Pirangut suitable for students. Over 90 projects are available with a majority of them under construction stage. Schools, hospitals, restaurants, convenience shops are all present in the neighbourhood along with good public transportation. Residential properties are available in sizes starting from 500 sqft to 1,200 sqft.

Homes in Pirangut are quite affordable at an average price of Rs 3,400 per sqft. Residences of 1BHK layouts are priced from Rs 15 lakh onward whereas luxury 3BHK houses are priced around Rs 1.4 crore. Properties on rent are available between Rs 6,000 and Rs 10,000 per month. 

Baner

Linked to Mumbai Pune Expressway via the Baner road, the locality is a hotspot for several residential and commercial developments. Flanked by hills, Baner is a thriving residential locality, 11 kilometres from Hinjewadi, with a well-planned infrastructure and has all the facilities desired for a modern living. The area is close to the Pune University, Pune IT Park, Mahratta Chamber of Commerce Industries & Agriculture, RMZ Westend and other business hubs. The Baner-Balewadi belt is a prominent growth corridor. Baner has over 400 residential properties, most of them are ready for possession. Homebuyers can pick from a range of apartments sized between 600 sqft and 2,000 sqft.

Residential properties have an average value of Rs 7,600 sqft. A 2BHK home is available for a price of Rs 75 lakh whereas a luxurious 4BHK apartment can be purchased at Rs 1.09 crore. Properties on rent are available between Rs 12,000 and Rs 60,000 per month. 

Balewadi

Situated on the proposed Hinjewadi-Shivajinagar Metro route, Balewadi is the other end of the Baner-Balewadi belt with many affordable and luxury homes on offer. Famous for the Shree Shiv Chhatrapati Sports Complex, Balewadi is 9 kilometres from Hinjewadi, 6 kilometres from Wakad and a short distance from the RMZ Westend, Prabhavee Tech Park and Nanospace IT Park. It is well-connected to Mumbai-Bangalore Highway and Mumbai-Pune Expressway, Pune international airport as well as prominent areas like Pimple Saudagar and Aundh. Numerous educational institutions, healthcare centres and ample recreational options make the area highly liveable. Over 30 under-construction projects and over 90 ready-to-move-in properties are available. The sizes vary between 550 sqft and 2,000 sqft.

Residential properties have an average value of Rs 6,900 sqft. Standard 2BHK houses are priced around Rs 55 lakh while high-end residence will cost a buyer an amount of Rs 1.7 crore. Properties on rent are available between Rs 15,000 and Rs 40,000 per month.

Mahalunge

Located 9 kilometres from Hinjewadi and 4 kilometers from Balewadi, Mahalunge is a well-developed locality offering residential plots, villas and apartments. It is nestled along the National Highway 4 or the Mumbai Pune Bypass with good public transportation. The area is witnessing new constructions as dozens of projects have been launched recently. There is availability of compact homes of 350 sqft as well as roomy apartments of 3,000 sqft.

Mahalunge offer houses at an average price of Rs 6,400 sqft. Prices start from Rs 40 lakh for a 1BHK house and rise up to Rs 1.1 crore for 3BHK residences. Properties on rent are available between Rs 6,500 and Rs 25,000 per month.

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