About Hinjewadi
Hinjewadi sits on Pune's western edge and has grown into the city's largest technology and employment corridor. The establishment of the Rajiv Gandhi Infotech Park in the early 2000s changed everything, and today the area is Pune's largest employment corridor, housing marquee names like Infosys, Wipro, TCS, Cognizant, and Persistent Systems. The IT park is spread across three phases, and Phase 2 houses companies like Cognizant and Tech Mahindra and has seen rapid residential growth in recent years.
What began as farmland has turned into a self-sufficient urban neighbourhood. It is not merely an IT park with apartments bolted on — it has evolved into a fully integrated urban ecosystem with schools, hospitals, malls, restaurants, and recreational spaces. For working professionals, living in Hinjewadi eliminates long commutes and offers a quality of life that few Pune locations can match.
On pricing, Hinjewadi remains a mid-income micro-market by Pune standards. Mid-income residential markets include areas such as Wakad, Hinjewadi, Ravet, and Bavdhan, with housing prices varying between Rs 6,000 per sq ft and Rs 8,000 per sq ft in the older sectors, while newer pockets command more. Flat prices in Hinjewadi are in the range of Rs 6,800-10,000 per sq ft, with the average property rate for flats around Rs 8,200 per sq ft.
Growth momentum is strong. The convergence of the metro project, proposed ring road, expanding IT park, and increasing social infrastructure makes Hinjewadi one of Pune's most promising areas for property value appreciation, with historical annual appreciation of 8% to 12% in well-located projects. This is why Mahindra Lifespaces has expanded its footprint into Hinjewadi and the adjoining Mahalunge-Nande corridor, bringing its established brand of gated, well-planned residences to the IT belt.
