Shop for Sale in Hinjewadi Phase 1

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The Groves

Price On Request

by Cosmo Town Shelters LLP

Hinjewadi Phase 1 is a busy and growing area in Pune, perfect for anyone looking to start or expand a business. The area is well-known for its IT companies, which attract a lot of people every day. Owning a shop for sale in Hinjewadi Phase 1 can be a smart investment because it offers great opportunities for businesses like retail stores, cafes, or service shops.

The location is surrounded by offices, homes, and all the necessary facilities, making it a great spot for business. With good roads and easy access to other parts of Pune, it’s convenient for both shop owners and customers. If you’re looking to grow your business, explore the shops available for sale in Hinjewadi Phase 1 and take advantage of this thriving area.

Key Facilities Available in Premium Offices for Rent in Hinjewadi

Hinjewadi’s commercial properties are well-equipped with modern facilities, ensuring comfort and convenience for businesses.

These amenities make shops for sale in Hinjewadi Phase 1 near IT companies an attractive investment. When looking for a shop for sale near Hinjewadi Phase 1, here are some common amenities often provided by shop owners:

Amenities

High-Speed Internet

CCTV Facility

Power Backup

Parking Space

Well-lit, smart, and tidy shared spaces.

Cafeteria Access

Types of Shops for Rent in Hinjewadi

To discover the numerous opportunities of shops for sale in Hinjewadi Phase 1 and identify which one would suit the business model. Hinjewadi is equipped with shops of varying types to accommodate the needs of different businesses. Some popular types include:

Retail Shops

Especially suits apparel accessories, electronics, and the general necessary items.

Cafes and Eateries

Ideal for companies in the food industry.

Pharmacies and Medical Stores

Providing services that meet local health care demand.

Supermarkets

Big and spacious store areas for groceries and sundries.

Boutiques and Salons

Targeting niche customers.

Facilities in Hinjewadi Phase 1 for Shop Owners

These facilities make shops for sale in Hinjewadi Phase 1 near IT companies highly lucrative. Some of the key facilities available in the vicinity include:

  • Healthcare Services: LifePoint Multispeciality Hospital and Ruby Hall Clinic Hinjewady are some of the famous nearby hospitals that are available in case of emergencies.

  • Educational Institutions: It has some standard schools such as Blue Ridge Public School and colleges such as Indira College of Engineering and Management.

  • Residential Complexes: There are several housing societies including Blue Ridge Township and Megalopolis provide a constant stream of customers.

  • Public Transport: Hinjewadi is well connected with buses, and cabs and has a nearby metro facility already planned.

  • Retail and Grocery Stores: Groceries like the Dmart or the Star Bazaar are already popular and open to daily requirements.

  • Banking Facilities: Most prominent banks such as HDFC, ICICI, and SBI maintain branches and ATMs in the area.

Benefits of Buying a Shop in Hinjewadi Phase 1

Take advantage of these benefits by exploring shops for sale in Hinjewadi Phase 1 near IT companies. Investing in Hinjewadi Phase 1 offers both immediate and long-term advantages:

  • Current Developments: New road plans, flyovers, and the construction of a new metro rail system are already on the ground in progress.

  • Future Growth: New business opportunities will stem into IT expansions and residential projects as considered in future developments.

  • High ROI: The area’s activity guarantees a constant increase in property price.

  • Business Visibility: The localization in the proximity to the IT parks helps in increasing the observational value and the customer base.

Key Factors to Consider When Buying Shops in Hinjewadi Phase 1

When planning to invest in shops available for sale in Hinjewadi Phase 1, consider the following:

  • Location: Possibility to locate close to IT parks and residential sectors.

  • Foot Traffic: However, it can be passaged to evaluate the daily customer footfall.

  • Infrastructure: Pay attention to factors such as power backup, and availability of water among other utilities.

  • Space Flexibility: Make sure the shop will suit your present and future demands as a business.

  • Legal Clearances: First, confirm that the property has all the permits it requires.

Financial & Legal Considerations for Buying Shops in Hinjewadi Phase 1

Buying a shop involves several financial and legal aspects:

  • Legal Documentation:
    • Sale deed and agreement.
    • Encumbrance certificate.
    • Occupancy certificate.
  • Government Regulations:
    • Adherence to zoning laws and building codes.
    • GST and property tax compliance.
  • Financing Options:
    • Commercial loans from banks and NBFCs.
    • Evaluate interest rates and tenure.

Understanding these considerations ensures a hassle-free process for buying shops in Hinjewadi Phase 1.

Frequently Asked Questions

What types of shops are available in Hinjewadi Phase 1?

It is possible to rent commercial premises, cafes, pharmacies, and other units. All these shops depict the necessary business aspects ranging from basic necessities to luxurious ones.

Yes, they do because of the traffic that is generated by the IT population. Owing to the constant flow of professionals, customer visits the stores frequently.

A sale deed, occupancy certificate, and encumbrance certificate are mandatory. These documents secure your ownership rights and are of great legal importance.

Of course, both banks and NBFCs provide commercial property loans. There are many loan types depending on your need in terms of cash or the amount you require for a certain period.

The costs depend on the location and size of the area to be covered, but as a whole, the prices seem reasonable. It was found that price control is an effective tool in influencing the prices of APO, larger and shops located strategically having higher prices.

Yes, clearly the exponential of the metro projects and Information Technology expansions are in process. This development will add more value and access to the area more often.

Satellite services like parking areas, security, and power supply backup are among the services that one can expect. Some also provide maintenance services, and internet connection at fast speeds.

Check on the title and the approvals with a lawyer. They gave hints on ways to do due diligence to avoid any conflict to enable easy ownership.