Lifestyle

Property rates & trends in Wakad, Pune

[ecis2016.org]

Near Hinjewadi

Good Social Infrastructure

Good Connectivity

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

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.

Read also : Talegaon: A secure investment destination in the current times

wakad

Check properties in Wakad

Read also : HSR Layout real estate – An overview

To join a discussion thread on properties in Wakad, click here.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

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

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published.

Back to top button