Pune’s ever-growing IT economy has boosted real estate
development across many suburbs, and Wakad is one among those. Driven by
factors, such as closeness to major employment hubs, swift connectivity, good
civic amenities, and affordable property prices, Wakad is taking giant strides
in the sector of real estate. Primarily a rural area once, it’s the advent of
IT companies which changed the locale for the better. It’s the working populace
who triggered a huge demand for residential properties here. Resultantly,
several reputed builders are found tapping into the demand. The likes of
Chintamani Developers, Shubh Laxmi Infrastructure & Developer, SSD Group
and others have centred in Wakad with projects of varying sizes and budgets.
The strategic location of Wakad has been a key factor behind the limelight too,
as areas like Hinjewadi, Dapodi, Bhosadi, and Pimple Gurav are located nearby.
Albeit the demand for flats in Wakad
is surging with every passing day, the concept of affordable housing is going
strong enough to keep the mid-income buyers interested. The influx of IT
companies has only but enhanced the realty demand, but also the propelled the
government in improving its civic amenities. The much-coveted Kalewadi Main
Road and Mumbai-Pune Expressway act as the connectivity lifeline for the
residents of Wakkad, not to mention the Wakkad Road. Because Pimpri and Wakad
Bus Stand are situated well within the locale’s range, the locals are
facilitated with frequent bus transportation. Additionally, there’s a Railway
Station located just 8 kilometres from the prime part of the area. Over and
above, it takes just 40-45 minutes to reach the international airport in Pune.
The locale boasts of a vast array of social amenities for
its residents to lead a peaceful and happy life.
Located within the locale are schools like:
• Mount Litera
Zee School
• Wisdom World
School
• Good Samaritan
School
Wakad’s famous hospitals include:
• Polaris Health
Care
• Aditya Birla
Memorial Hospital
• Jeevan Jyoti
Hospital
Moreover, there are quite a number of recreational
centres like Ozone Mall and MSM Mall to keep the morale of the people intact.
The locale is recording impressive property price
appreciation all the while, signalling its real estate growth. On average, a
buyer spends close to Rs. 6,400 per Sq.ft to procure a flat near Wakad. Although 1 BHK and 2 BHK flats in Wakad are highly
favoured among investors, the luxury segment is growing too. Given the number
of infrastructural projects on the anvil, and the ever-growing IT base,
investing here now bear fruits later.