Think Pune and you think IT. Think IT and the first name that comes to mind is ‘Hinjewadi.’
Located at the north-west outskirts of Pune, about 5 km from Baner, Hinjewadi is the IT hub of Pune. It is very close to Pune city – maybe about 40 minutes drive from the city. Mumbai, the nearest international airport, is merely 3 – 3.5 hours drive from Hinjewadi. Pune is an important center of education and research, and the easy availability of software engineers is an advantage.Software exports from Pune have increased from Rs. 80 million in 1994-95 to more than Rs. 15,000 million in 2008. A lion’s share of this revenue comes from the IT companies located at Hinjewadi.

 

Overview - Hinjewadi IT Park
In 2003, the government of Maharashtra revised it’s IT and ITES policy in a bid to attract software companies. One of the most logical choices was Hinjewadi, because:

1. Hinjewadi offers an area that was spacious enough to accommodate the IT companies
2. It is far enough from Pune city, yet is within commuting distance from it
3. It is nearer to Mumbai via the newly built Expressway than any other suburb

The main issue was land, so the government waived stamp duties for owned and leased properties built on MIDC land. Thus came to existence the Rajiv Gandhi IT Park. Also known as the Hinjewadi IT Park, this IT hub in Pune is host to many august software companies. Some of the software giants here include Infosys, Wipro, Geometric, Cognizant, AztecSoft and IBM.

The Hinjewadi project is to be developed in four phases; the first two phases are already completed.

Residential Property Opportunity

As Pune is getting saturated as far as the residential properties scenario goes, Hinjewadi offers twin benefits for IT professionals:
1. Nearness to their office - the 'walk to work' concept
2. Attractive rates of the properties

Megapolis, a premier offering from Pegasus Properties, offers affordable residential property at Hinjewadi - from 2 BHK to 4 BHK.