Reasons why a home in Hinjewadi is a goldmine for working professionals

With the advancement of technology, many industries are now based in or near the city of Pune. With the increasing demand, the prices of residential projects in Pune have skyrocketed. However, one area is still relatively affordable and offers an excellent quality of life - Hinjewadi. Let us explore why flats in Hinjewadi  are a goldmine for working professionals.

Better Investment opportunities

Pune is among the top 8 cities in India in the housing price index, livability factor, employment generation, security & welfare, and sustainability. As a result, the urbanised suburbs have experienced rapid growth in estate value. Hinjewadi is one such suburb that has an exponential increase in value. Judging by the historical patterns, the price trend is on a constant upward trajectory. Post-pandemic momentum is now in full force, making it the best time to invest in 1 & 2 BHK flats in Hinjewadi.

Feasible Connectivity

Hinjewadi is one of the most well-connected areas in Pune. It is close to the Mumbai-Pune Expressway and just a short drive from the Pune International Airport. The area also has excellent public transport links, with regular buses and trains running to and from Hinjewadi. This makes it an ideal location for working professionals who must commute daily to and from work. Several ongoing residential projects in Pune are established in areas that offer fast connectivity. With Hinjewadi, you can expect seamless transit anywhere.

Proximity to Work-Place

Rajiv Gandhi Infotech Park was a catalyst for the first influx of working professionals migrating from all over the nation. Residential projects in Hinjewadi were already gaining tremendous traction. By the 2010s, this suburb was an ideal destination for the IT/ITeS crowd, the BFSI sector, the automobile industry, BPO companies and many more.

 With many multinational companies and IT parks in this area, it is the perfect place to live for those working in these industries. Leveraging on this fact, real estate developers in Pune introduced quality projects in Hinjewadi. Life Republic Township Pune is one such prominent project.

Social Infrastructure & Excellent Civic Amenities

There are several social amenities that working professionals can take advantage of when living in Hinjewadi.

- Restaurants and cafes: There are many different restaurants and cafes located within Hinjewadi.

- Shopping: There are also many different shopping options available in Hinjewadi. This is convenient for working professionals who need to pick up groceries or other items on their way home.

- Parks and recreation: Hinjewadi has many different parks and recreational facilities. This is perfect for working professionals who want to unwind after a long day at work.

Overall, Hinjewadi is a great place for working professionals to live because of the social infrastructure that exists within the area. Kolte Patil Life Republic is strategically placed to avail the best of these facilities.

Excellent Rental Returns

Hinjewadi is a rapidly growing area in Pune, and it has become a goldmine for working professionals. In the past few years, there has been a significant increase in the number of people moving to Hinjewadi to work, increasing rental prices. The reason for this is the rise in rental income that comes with living in Hinjewadi. As more and more people move to Hinjewadi, the demand for rental properties will continue to grow, and the prices will continue to rise. This makes Hinjewadi an excellent investment for those looking to make money from rental properties. Life Republic, Hinjewadi Pune is an apt project for rent.

Wide spectrum of Projects

Hinjewadi is one of the most happening places with a wide array of projects in Pune across economic sections. The working professionals here can find a home that perfectly suits their budget and lifestyle. From luxurious apartments to affordable row houses, Hinjewadi has something for everyone.

Life Republic Pune presents a fantastic offer on their 3 BHK flats in Hinjewadi, where you book your dream home now and pay one year later. Hurry! Visit their website and grab this opportunity today.

How Is the Commercial Real Estate Market Faring After the Pandemic

 

While residential real estate can be predicted due to the frequent transactions and steady trends, the Commercial real estate market is a bit tricky to analyze. Moreover, the hybrid-work model has affected the sample size to gather substantial trends.

Nevertheless, the commercial property has continued on a trajectory owing to the following factors–

An optimistic view

Net absorption is an important factor to determine the supply and demand of commercial units. Basically, consider a particular area: the end summation of the space evacuated by the company/tenants in that area (at a certain time period) and then occupying a different space in the area will give you the “net absorption of that commercial area”.

According to the Business Standard Report–

During the time frame of a QoQ(Oct-Dec’2021), the Indian Office Sector observed a net absorption of 11.56 million sq.ft. This was the peak record considering the last eight quarters and appreciated by 86% QoQ.

Compared to the yearly performance, this parameter was up by 26% YoY for the half-yearly frame of Jul-Dec’2021.

Based on this, Mordor Intelligence has reported the estimated gross absorption by the end of 2022 to be 700 million sq.ft. SMEs have been hard carrying this demand in Pune, Bangalore, and Chennai, specifically from electronic component makers, followed by the auto sector leasing the most space in these cities.

Overall, the forecasted appreciation of commercial real estate in India is set to reach a CAGR of 13% from 2022-2027.

Future of Retail and Hospitality spaces

It is fair to say that 2021 was the revival period for the sharp decline in 2020:

For comparison, transaction volumes in Q2’2021 observed a rise of 39% YoY as opposed to Q2’2020.

More real estate developers are focusing on completing their projects when the market displays agility. Due to this 2021 was a tumultuous period in the supply-transactions chain.  However, the beginning of 2022 has brought a positive light to retail spaces with the relaxation of lockdown and vaccinations, again gaining momentum in the demand cycle.

Other aspect of the commercial estate is that India is outreaching global standards in industries from mere service providers to forming research and marketing companies. This has attracted international attention and FDI interests in Indian Corporate thus increasing demand for commercial space that is also integrated with retail and hospitality.

Why it is the right time to buy?

The major driving force in commercial property is the traction in leasing by companies who are keen to adapt the hybrid-working model. ANAROCK Group consultants agree with the start of the bullish cycle with increased leasing activities across the top 7 cities in India.

Evaluating the commercial future through REITs which have shown a general uptick in stock exchanges; where the Real estate index has outperformed Sensex with the start of 2022. REITs are proven beneficial for both investors and developers, acting more like a contingency plan to stay away from huge debts.

Judging by the REIT performance, it is implied that the commercial space is gaining momentum, with a projected rental yield of 6-7% (source: Financial Express). This is the right time to enter this market as an investor and end-user.

Best Locations for Commercial Real estate

Metros shall anytime remain the preferred commercial zones. However, with the outreach toward other urban cities and rapid infrastructural development, Pune, Chennai, Hyderabad, Ahmedabad, are some of the competing cities.

As mentioned previously, Pune has maintained solid traction even during the pandemic stages. It observed a 2X increase in space from January and June 2020, with a supply of 1.28 million sq.ft from 0.6 million sq.ft.

Pune has extended infrastructure development, expanded the IT clusters, and peaked an interstate with foreign investors. Hinjewadi IT park exemplifies the success of commercial space in PCMC. Gera’s Imperium Gateway is one of the new projects in Pune that offers shops and office spaces.

However, a pleasant surprise has emerged with the high demand for commercial property in Goa. Hospitality, retail, co-working spaces, and overall affordability have led to this emergence. Moreover, digitization has allowed SMEs and businesses to scale from any place. Kadamba Plateau in Goa is a famous commercial spot, a conducive environment for retail spaces. Gera’s Imperium Premio is a prominent project, offering commercial property for sale in Goa.

In Conclusion: the Indian Commercial real estate market is showing affirmation in an uptick in the coming months and promising high yield within the next 5-10 years.

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The Pune Residential Realty Report - January 2022

 The increase in affordability, ongoing reduction in bank interest rates and constant salary increments makes it the best time to buy a home than ever before. For more information click here: https://gera.in/projects

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Mistakes to Avoid as a First Home Buyer

Planning to buy your first home? Congratulations. You must be quite excited and a nervous too. Indeed, buying a home is one of the biggest investments you’ll make in life. So skip the stress by educating yourself about the property market and avoid these common mistakes many first home buyers make.

Not Having Enough Savings to Purchase a House

To purchase a house, you must have 20 per cent of the purchase price upfront as a deposit to get the best rate and terms on your home loan. However, that's not enough. Don't forget to keep some extra cash to cover the accessory costs such as stamp duty, lender and agent fees, insurance, etc. lest you find yourself scrambling for funds at the last moment.

Having a Low Credit Score

Your credit score is the most important number in your financial life. Depending on your financial conduct, financial bureaus sum up your credit history into a number that determines the fate of your home loan application to a great extent.

Therefore, it is recommended to check your credit file regularly for any incorrect entries. Also, make sure to pay all your bills on time to keep your credit score from going down.

Biting More Than You Can Chew

Lenders use various factors to calculate your borrowing capacity. However, it isn’t a great idea to borrow the entire amount lenders are willing to give you. To determine the size of your mortgage, calculate how much money you can spare for your home loan repayment each month to avoid mortgage stress in the future.

Not Doing Your Homework

A real estate agent is a good way to start your search for established homes or new projects in Pune. However, it is no substitute for personal research. Currently, there are several residential projects in Pune such as Godrej Active that promise great accommodation at affordable rates. Have you surveyed the real estate market properly before choosing your first home?

Remember, buying a home is an important decision and it will affect your finances for a long time to come. Besides, you are going to live in your own home for many years, and it only makes sense to buy a home that is not only optimally priced but also conveniently located and designed according to your lifestyle. Look for projects by reputed builders that are RERA compliant to ensure your investment is safe. Some of the upcoming projects include Godrej Active and Infinity in Keshav Nagar and a few others in Hinjewadi, Pune.