Hinjewadi IT Park : Beign shifted Truth/Rumor ?????? - Indian Real Estate Forum

11-04-07

We are planning to buy an apartment in Pune. As we work as IT professionals our preference is buying home near to where all IT compaines are located (presently near Hinjewadi IT park).
But we heard a rumor (or fact ?) that all IT companies will gradually shift from Hinjewadi to Pune East (Kharadi, Magarpatta)? Is there any truth in the above statement or should we go ahead and buy property near Hinjaewadi IT Park (if the big companies are going to continue there in Long run)?

ravindersingh · 03-10-07

Its rumor.

vishalpms · 03-01-08

Definitely not an element of truth . Go ahead & buy apt. near Hinjewadi.

kondhana · 09-01-08

Rumor ... On the contrary (IMHO) Hinjewadi and surroundings has more scope to expand (and appreciate) and is expanding.

tim · 02-04-08

Hinjewadi IT park has allocated around 150 hector of land. Still 60% of is only utilised, lot more is remaining. Go ahead and buy properties in hijewadi areas.

mukesh_pednekar · 25-07-08

There are IT parks coming up in Pune East ... Kharadi ... EON is one of the major ... and there are few more down the Nagar road ... like giga space, e-space etc ....
having said that .... i haven't heard of any company from Hinjiwadi shifting to Kharadi ....
btw ... since the IT parks in Pune-east arn't fully operational at the moment ... the rates are bit cheaper .... ongoing rates in kharadi are 3000/- but they do it for 2650/- (depending on your bargain power)

PuneRental · 09-10-08

Case is VICE VERSA.
1. TCS is moving out of Nyati building on Nagar road to its own campus in Hinjewadi
2. Tech Mahindra is also shifting from VimanNagar to Hinjewadi campus.

aditi sharma · 17-07-09

Quote:

Originally Posted by PuneRental

Case is VICE VERSA.
1. TCS is moving out of Nyati building on Nagar road to its own campus in Hinjewadi
2. Tech Mahindra is also shifting from VimanNagar to Hinjewadi campus.

Yes Vice Versa is true.
Other than TCS and Tech Mahindra,
I have heard companies which booked in Magarpatta SEZ, have cancelled their bookings and shifting to West zone.

Overall, Pune IT corridor is WESTERN corridor.

aditi sharma · 17-07-09

Quote:

Originally Posted by PuneRental

Case is VICE VERSA.
1. TCS is moving out of Nyati building on Nagar road to its own campus in Hinjewadi
2. Tech Mahindra is also shifting from VimanNagar to Hinjewadi campus.

Yes Vice Versa is true.
Other than TCS and Tech Mahindra,

3) I have heard companies which booked in Magarpatta SEZ, have cancelled their bookings and shifting to West zone.

Overall, Pune IT corridor is WESTERN corridor.

aditi sharma · 17-07-09

3) I have heard companies which booked in Magarpatta SEZ, have cancelled their bookings and shifting to West zone.

Overall, Pune IT corridor is WESTERN corridor.

11-04-07	#1
meet_vm Unregistered User Posts: n/a	Hinjewadi IT Park : Beign shifted Truth/Rumor ?????? We are planning to buy an apartment in Pune. As we work as IT professionals our preference is buying home near to where all IT compaines are located (presently near Hinjewadi IT park). But we heard a rumor (or fact ?) that all IT companies will gradually shift from Hinjewadi to Pune East (Kharadi, Magarpatta)? Is there any truth in the above statement or should we go ahead and buy property near Hinjaewadi IT Park (if the big companies are going to continue there in Long run)? Last edited by meet_vm; 11-04-07 at 06:58 PM.

03-01-08	#3
vishalpms New Member Join Date: Jan 2008 Posts: 4 Thanks: 0 Thanked 0 Times in 0 Posts	Hinjewadi shifting. Definitely not an element of truth . Go ahead & buy apt. near Hinjewadi.

09-01-08	#4
kondhana New Member Join Date: Jan 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Rumore for sure Rumor ... On the contrary (IMHO) Hinjewadi and surroundings has more scope to expand (and appreciate) and is expanding.

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03-10-07	#2
ravindersingh New Member Join Date: Oct 2007 Location: New Delhi Posts: 10 Thanks: 0 Thanked 0 Times in 0 Posts	Its rumor.

02-04-08	#5
tim New Member Join Date: Apr 2008 Posts: 2 Thanks: 0 Thanked 0 Times in 0 Posts	Hinjewadi IT park has allocated around 150 hector of land. Still 60% of is only utilised, lot more is remaining. Go ahead and buy properties in hijewadi areas.

25-07-08	#6
mukesh_pednekar New Member Join Date: Jul 2008 Posts: 18 Thanks: 0 Thanked 0 Times in 0 Posts	There are IT parks coming up in Pune East ... Kharadi ... EON is one of the major ... and there are few more down the Nagar road ... like giga space, e-space etc .... having said that .... i haven't heard of any company from Hinjiwadi shifting to Kharadi .... btw ... since the IT parks in Pune-east arn't fully operational at the moment ... the rates are bit cheaper .... ongoing rates in kharadi are 3000/- but they do it for 2650/- (depending on your bargain power)

09-10-08	#7
PuneRental New Member Join Date: Feb 2008 Location: Pune, India Posts: 18 Thanks: 0 Thanked 0 Times in 0 Posts	Case is VICE VERSA. 1. TCS is moving out of Nyati building on Nagar road to its own campus in Hinjewadi 2. Tech Mahindra is also shifting from VimanNagar to Hinjewadi campus.

17-07-09	#10
aditi sharma Senior Member Join Date: Jun 2009 Posts: 760 My Mood: Thanks: 0 Thanked 1 Time in 1 Post	3) I have heard companies which booked in Magarpatta SEZ, have cancelled their bookings and shifting to West zone. Overall, Pune IT corridor is WESTERN corridor.