Why investing in Wakad is considered a good choice?

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.

Author : Unknown

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