Mar 07, 2024Pune Real Estate

Current Real Estate Trends in Hinjewadi and Its Impact on Property Prices

by Godrej Properties Limited

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Hinjewadi is a mid-income locality with an average residential property price of approximately Rs 8,000 per sq ft. In recent years, the residential property rates in Hinjewadi have experienced a notable increase due to the presence of multiple IT parks nearby. Furthermore, the proximity to employment hubs, well-connected roads, and the potential for price growth also influence property prices in Hinjewadi.

Flat rates in Hinjewadi

In Hinjewadi, Pune, the average flat rate stands at ₹7,200 per sq ft. You can find a 1 BHK flat in the price range of ₹3,600,000 to ₹4,505,700. For a 2 BHK flat, the price range is ₹6,000,000 to ₹8,500,000, while a 3 BHK flat falls within ₹8,597,150 to ₹13,000,000. If you're looking for a 4 BHK flat, the price range is ₹19,860,200 to ₹26,772,550. These rates reflect the diverse residential property rates in Hinjewadi, catering to various budget preferences for potential homebuyers.

Transaction Prices in Hinjewadi

The flat transaction rate in Hinjewadi averages Rs 9,687 per sq ft, while for a builder floor, it stands at Rs 5,742 per sq ft. Independent houses, on the other hand, have an average price of Rs 9410 per sq ft. Godrej Woodsville stands out with its remarkable transaction activity, tallying 106 transactions and establishing itself as one of the most actively traded properties in the area.

Price Trends in Hinjewadi

The flat rates in Hinjewadi have shown a 9.1% change in the last year, 27.4% over the previous three years, 24.1% in the last five years, and 28.6% in the previous ten years in terms of price appreciation/depreciation. This data highlights the varying fluctuations in property values.

Godrej Project in Hinjewadi

Key residential developers, including the Godrej Group, contribute to the diverse housing options in the area. Godrej Properties Pune Hinjewadi introduces a new plotted development, Godrej Eden Estate, featuring two phases expected to be completed by December 2024. This project offers residential plots with prices starting from Rs 2.5 crore, ranging from 1500 sq ft to 4130 sq ft. 

Godrej Woodsville is an under-construction housing society with possession scheduled for November 2026. Meanwhile, Godrej River Royale is a promising option for those interested in investing in a riverside home, with an anticipated completion date set for March 2029.

Besides these projects in Hinjewadi, Godrej Pune has various other projects in Pune. Some excellent Godrej projects in Keshav Nagar include projects like Godrej Infinity and Godrej Rejuve. These residential projects in Keshav Nagar are also gaining a lot of attention from investors and homebuyers.

The Final Word

As Hinjawadi continues to attract homebuyers and investors, it remains a crucial area to watch for future real estate trends and opportunities. The steady growth in property prices, diverse housing options, and affordable residential properties in Hinjewadi by reputable builders like Godrej Group signifies a promising and competitive real estate market.

 

Frequently Asked Questions

1.What is the average residential property price in Hinjewadi?

Ans: The average residential property price in Hinjewadi is approximately Rs 8,000 per sq ft.

2. How has the flat transaction rate in Hinjewadi changed in recent times?

Ans: The flat transaction rate in Hinjewadi has averaged Rs 9,687 per sq ft.


 

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