Price Trend For Hinjewadi
Location Sales Trend: Hinjewadi
Hinjewadi has been one of the most sought-after locations for real estate investment in Pune. The area is a hub of IT companies and offers excellent connectivity to other parts of the city. In recent years, Hinjewadi has witnessed a significant surge in real estate prices due to its popularity among homebuyers and investors.
According to the latest data, the average rate per square foot in Hinjewadi has been on the rise. The data shows that the rate has increased from 8915 in Q1'22 to 9491 in Q1'23, indicating a steady growth of 6.5% over a year. This trend indicates that Hinjewadi continues to be a lucrative location for real estate investments.
In terms of the number of transactions, Hinjewadi has also seen a positive trend. The data shows that the number of transactions has increased from 979 in Q1'22 to 1811 in Q1'23, indicating a growth of 85% over a year. This surge in the number of transactions indicates that the demand for residential properties in Hinjewadi is increasing, making it an ideal location for homebuyers.
In conclusion, Hinjewadi has shown a positive trend in both the average rate per square foot and the number of transactions. This growth is expected to continue in the coming years, making it a favorable location for real estate investments.
Top Selling Projects for Hinjewadi
If you're looking to invest in real estate in Pune, Hinjewadi is a locality you should definitely consider. Our list of the top selling projects in Hinjewadi by value is a great place to start your search.
At the top of the list is VTP Bellissimo, with a sale/rent value of ₹ 804 Cr. This project boasts luxurious amenities and a prime location.
Park Titan comes in second, with a current rate of ₹ 10,859 and a sale/rent value of ₹ 334 Cr. Godrej Woodsville follows closely behind, with a current rate of ₹ 10,782 and a sale/rent value of ₹ 263 Cr.
Other notable projects on the list include Yashone Eternity, Megapolis Serenity, Eon Homes, Paranjape Blue Ridge, Park Connect, Mj Opera, and GK Atlanta.
No matter which project you choose, investing in real estate in Hinjewadi is a smart move. With its growing IT sector and convenient location, Hinjewadi is quickly becoming one of the most sought-after localities in Pune.
Summary For Hinjewadi
LOCATION SUMMARY: HINJEWADI
Hinjewadi is a rapidly growing suburb located in the western part of Pune, Maharashtra. It is one of the most sought-after residential and commercial areas in Pune due to its proximity to the IT hub and various multinational companies. The area is well-connected to other parts of the city through the Mumbai-Pune Expressway and the Pune-Bangalore Highway.
RENTAL RATE:
The average rental rate in Hinjewadi is ₹27 per square foot. This is comparatively lower than other prime locations in Pune. The rental rate may vary depending on the type of property, amenities, and location.
SALES TRANSACTIONS:
Hinjewadi has witnessed a significant increase in sales transactions in the last few years. In 2020, there were 7,521 sales transactions in the area, indicating a growing demand for properties in Hinjewadi.
GROSS SALES VALUE:
The gross sales value of properties in Hinjewadi was ₹3,702 crores in 2020. This shows that the real estate market in Hinjewadi is thriving and has high potential for growth in the future.
CURRENT RATE/SQ.FT:
The current rate per square foot in Hinjewadi is ₹9,501. This is comparatively higher than the rental rate, indicating that the property prices in Hinjewadi are on the rise.
CONCLUSION:
Overall, Hinjewadi is a rapidly growing suburb with a high demand for residential and commercial properties. The area's proximity to the IT hub and major highways makes it an ideal location for investment. The rental rates are comparatively lower than other prime locations in Pune, making it an attractive option for tenants. However, the property prices are on the rise, indicating a high potential for capital appreciation in the future.
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