By Pune is slowly climbing the charts as an upcoming economic hub and claiming market share regarding real estate. One such place is the IT hotspot of Hinjewadi, which lies in north-western Pune just off the Mumbai-Pune Expressway. This vibrant region has seen consistent real estate growth in the last five years. And one of the main reasons for the same is its proximity to the developing region of Mahalunge, which sits on the southern fringes of Hinjewadi.
IT industry and growth prospects
One of the biggest benefits of being near the IT hotspot of Hinjewadi is its proximity to Mahalunge, one of the most exciting upcoming neighbourhoods in north-western Pune. This region is seeing extremely favourable growth prospects, especially with the planned development of Mahalunge Maan Hi-Tech City by the Pune Metropolitan Region Development Authority (PMRDA). It’s poised to be one of Pune’s largest township projects with a mix of commercial and residential spaces. In fact, it’s the first model township in PMRDA’s plan, and the final model will be used to design 45 consequent planned and proposed townships.
With many huge IT companies and other business houses looking to open office space in the region, demand for Mahalunge will only grow in the future. This will lead to more employment opportunities and an influx of working professionals, thus increasing the real estate demand in the neighbourhood in the near future.
The idea is to promote a walk-to-work culture, which will result in Mahalunge evolving into a hub for self-sustaining townships. Furthermore, this micro-market offers a wide range of properties, from affordable to luxury. For instance, Godrej properties in Mahalunge, such as Godrej Hill Retreat and Green Cove, offer 1, 2, and 3BHK flats, suiting all kinds of investors and families looking for a property here.
Excellent Infrastructure and Lifestyle
Mahalunge provides all lifestyle requisites catering to modern living needs. Besides mom-and-pop and upmarket grocery stores, the area also has amenities like international and public schools, colleges and universities, shopping malls and grocery stores, hospitals and healthcare clinics, recreational centres, and even amusement parks and public swimming pools. Since the region provides lifestyle choices for new-age living, it’s no wonder that staying in and around the Hinjewadi-Mahalunge neighbourhood has its benefits.
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Infrastructure in Hinjewadi-Mahalunge |
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Schools and Colleges |
Orchids International School, Blue Ridge Public School, Symbiosis International University |
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Malls |
Balewadi High Street Shopping Mall, Xion Mall, Phoenix Mall of the Millennium |
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Hospitals |
Lifepoint Multispecialty Hospital, Mahalunge Hospital |
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Others |
Butterfly Trampoline Park, Balewadi Stadium Swimming Pool |
Connectivity
Besides the Hi-Tech City, the PMRDA has also drawn up plans to transform the transport infrastructure of Mahalunge and the regions around it. Not only does it lie just off the Mumbai-Pune Expressway, but it’s also well-connected to prominent areas like Hinjewadi, Pimpri, and Baner. Plus, it also has many ongoing road and rail projects, such as the Pune Metro Line 3 and the proposed 170-km-long outer ring road. In fact, the outer ring road will offer excellent connectivity to neighbourhoods on Pune’s outskirts, one of which will be Mahalunge.
Rental Opportunities
Another way to benefit from being near the IT hotspot of Hinjewadi is to invest in rental property in Mahalunge. With many professionals looking to rent residential properties for themselves and their families, it could prove to be a very lucrative stream of rental income. Thanks to its connectivity, infrastructure, and location, Mahalunge is one of the best places in Pune to look for an investment property for passive income.
Overall, access to Mahalunge is definitely one of the biggest reasons you should stay near the IT hotspot of Hinjewadi. Firstly, it lies outside the already bustling confines of Pune City. Secondly, it enjoys excellent connectivity due to its location right next to the Mumbai-Pune Expressway. And last but not least, it’s always been envisioned as a mixed-use neighbourhood with residential and commercial properties.
With excellent properties like Godrej Hill Retreat, Godrej Green Vistas, Godrej Green Cove, and Godrej Hillside offering a range of housing options, Mahalunge is developing into a self-sustaining township. And since it lies on the outskirts of the main city but not too far away, it’s poised to transform into a much sought-after location in Pune in the coming years.
FAQs
- Is Mahalunge good location for investment?
Yes, Mahalunge is an excellent area for investment due to its connectivity, proximity to IT hubs, development plans, and social infrastructure. Moreover, Mahalunge is strategically located, with its neighbouring regions being Wakad, Baner, and Hinjewadi. And they all of them have been seeing a great deal of well-planned growth and development.
- Which property should you invest in Mahalunge?
Luckily, there are many residential properties propping up quickly, all with the best amenities you can find. Of them all, the Godrej projects in Mahalunge offer premium modern-living amenities at an affordable price.
