Property rates & trends in Wakad, Pune

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Wakad has transformed from being a mere agricultural village, to a prominent real estate hotspot, primarily due to its proximity to Hinjewadi – home to numerous IT companies. Excellent road & rail connectivity, along with linkage to Mumbai-Pune Expressway has worked in favour of Wakad’s development as a key real estate hub. With the proposed BRTS and metro rail connectivity, and presence of good social infrastructure, Wakad is likely to further evolve as a preferred residential destination.

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Summary

• Proximity to Hinjewadi (~ 15 min)
• Excellent road & rail connectivity to other parts of the city as well as Mumbai via the Expressway
• Massive residential demand due to its proximity to major IT companies

Key Growth Drivers

• Wakad has transformed from being a mere agricultural village, to a prominent real estate hotspot, primarily due to its proximity to Hinjewadi – home to numerous IT companies
• Wakad has good road & rail connectivity with major roads (such as NH4, Hinjewadi Road, Kalewadi Main Road, Aundh Ravet Road, etc.) connecting the locality and Chinchwad railway station being located 7 km away
• With the proposed Bus Rapid Transit System (BRTS) and metro rail connectivity to nearby areas, connectivity is likely to improve further
• Excellent connectivity to Pune airport (~ 40 min) has also worked in favour of Wakad’s development as a key real estate destination
• Wakad also possesses excellent connectivity to the IT hubs of Hadapsar and Kharadi (~ 45 min)
• Significant rental housing demand due to presence of large scale migrant population employed in IT companies in Hinjewadi
• Possesses good social infrastructure with presence of:
  • Educational institutes such as Euro School, Indira National School, Podar International School, etc.
  • Hotels such as Keys Hotel, Bizz Tamanna Hotel, etc.
  • Malls such as Spot 18, City One, Atria, etc.
  • Hospitals such as Lifepoint Multi-speciality Hospital, Sai Hospital, Omkar Khalane Hospital, Bhoir Hospital, etc.

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Source: https://ecis2016.org
Category: Lifestyle