Any mention of the Information Technology (IT) and biotechnology (BT) sector in the city of Pune is sure to have a mention of Hinjewadi. A small village on the city’s outskirts till a couple of decades ago, Hinjewadi is home to some of the biggest companies from across the world, whose futuristic office buildings have added a distinctive look to the skyline of this area. All these commercial developments have, in turn, attracted a number of real estate developers as well, who aim to provide the large population of techies with a home near their workplace. One such developer is Vascon Engineers, who have come up with a project Vascon Xotech in this area.
Vascon Engineers have a long association with the Pune real estate sector, having a number of residential and commercial projects to their name over the last 25 years. Vascon Xotech is their first residential project in Hinjewadi. The developer claims the location is ideal for the starved for time IT and BT professionals who are looking for both convenience and a better work-life balance when deciding to purchase a home. I recently visited the project and have mentioned my impressions of it in this article.
Vascon Xotech: Location & Connectivity
Arguably the biggest positive of Vascon Xotech is its location less than 1 km from Shivaji Chowk at the heart of Hinjewadi. Major IT companies such as Accenture, Cognizant, TCS, IBM, Cisco, Infosys etc. all have multiple campuses across Hinjewadi, all of which are within 1.5 – 6 km from this project. The same also applies to major industrial companies such as Tata Technologies and Dassault as well as biotech companies such as Gennova Biopharmaceuticals, Sai Life Sciences and Omniactive Health Technologies.
The development of Hinjewadi as a major IT destination has had a few side-effects too, such as increased traffic jams and greater commuting time as a result. By having their project in close proximity to workplaces, the developer has looked to make the commutation problem irrelevant. The arterial Mumbai-Pune highway is less than 2 km from the project site. The bus connectivity to other parts of Pune city such as Pune Municipal Corporation, Shivajinagar and Pune Railway Station is very good and frequent.
While the nearest railway station to the project is Akurdi (8.5 km), more convenient options for residents would be Shivajinagar (15 km) and Pune Railway Station (18 km). The Pune Airport is 23.5 km from here and can be reached within an hour.
Vascon Xotech: Social Conveniences
Another aspect where Vascon Xotech comes up trumps is the large number of social amenities near it. With Hinjewadi having experienced massive development over the last 15-20 years, a large number of reputed service providers have opened their establishments here. If one looks at schools, one comes across Mercedes-Benz International School (1.5 km), Blue Ridge Public School (3.5 km) and Orchid School (7.5 km). Higher educational institutions such as International Institute of Information Technology (2 km), Symbiosis Institute of International Business (2.5 km), Indira Institute (2.5 km) are very close to the project, with the Savitribai Phule Pune University (11 km) and Symbiosis University (14 km) a short drive away.
Among the medical care centers near Vascon Xotech are Sanjeevani Hospital (1 km), Ruby Hall Clinic (1.5 km) and Helambe Hospital (3.5 km). Orritel Hotel is right opposite the project, while major hotel chains such as Fortune Inn Exotica, Courtyard by Marriott and The Gateway are within 2-3 km from the project, as are a number of multi-cuisine restaurants. Topping off the list are major shopping centers such as D-Mart and Xion Mall (both 1.5 km away).
Vascon Xotech: Project Overview
Vascon Xotech is planned to come up in phases. The first phase, comprising of a single building named as ‘B’ is already completed and is in the ready for possession stage. This tower has 12 residential levels, built above 2 levels of parking i.e. the basement and podium. The 8th floor has space for a refuge area, as per building regulations.
The amenities are present in the common area of the project and include a clubhouse, a garden and a swimming pool. The project has 47 apartments in all, 4 to each level, with each apartment being provided a single parking space.
Vascon Xotech: Apartment Overview
Vascon Xotech offers apartments of 2 BHK and 3 BHK configuration. At the time of our visit, we were informed that all 2 BHK apartments had been sold, with only some 3 BHK units remaining, which indicates the appeal of the project. Of the four apartments on each level, 2 each are of 2 BHK and of 3 BHK. The base price of an apartment is Rs. 6000/sq. ft.
As one enters an apartment, one passes through a small lobby, which opens into the living cum dining room. At the opposite end from the entrance is a terrace. The kitchen and dry balcony are next to the dining area, while a short passageway connects the living area to each of the bedrooms. Both 2 and 3 BHK apartments come with two toilets, one attached to the master bedroom and the other being a common one. The living cum dining room and the bedrooms are quite spacious and exude a premium appearance.
The master bedroom has elegant-looking laminated wooden flooring, while the living cum dining room and other bedrooms use large 600 X 600 mm vitrified tile flooring. The living room and all bedrooms will be provided with AC, television and telephone points. All apartments have piped gas facility. Power backup will be provided for the lifts and common areas. The bathroom fittings will be of Hindware or Parryware.
An overview of the apartment configurations, sizes and prices at Vascon Xotech is provided in the table below:
|Apartment Configuration||Carpet Area (in sq. ft.)||Saleable Area (in sq. ft.)||Price (in Rs.)|
|2 BHK||645||1075||67 lakh|
|3 BHK||919||1450||97.6 lakh – 1.02 crore|
Vascon Xotech: Amenities Overview
Vascon Xotech has a clubhouse in a separate building on the ground level. The clubhouse has a gymnasium and will also contain a LED screen and music system for residents to get together and watch movies or sports events. Behind the clubhouse is a landscaped garden with a kids’ play area.
Across the road from the building is a swimming pool for residents. In addition, the complex contains an onsite sewage treatment plant (STP), which will allow the treated water to be used for gardening or flushing. Also, rain water harvesting would be carried out to conserve water and use it effectively to meet residents’ needs.
Vascon Xotech is a project built for the techies, aiming to provide them comfort, convenience and value for money when it comes to their homes. Located in the prime location of Hinjewadi and offering homes with many premium features, the project has a lot going for it. It is an option worth considering for prospective home buyers working in and around this major IT and industrial area.