|Good Social Infrastructure||
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.
You are reading: Property rates & trends in Wakad, Pune
- 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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