AN AFFORDABLE NEIGHBOURHOOD FOR HOMEBUYERS
Wakad was once mostly known for its four-day Mhatoba Utsav, a traditional festival dating back over 450 years honouring Mhatoba the village deity. It’s hard to imagine that once, Wakad was mainly comprised of farmland where crops like groundnuts and sugarcane flourished.
But today Wakad is unrecognisable. The changes that swept up the neighbouring village of Hinjewadi took Wakad in its wake as well. The huge maw that is the IT industry has gripped the otherwise sleepy village of Wakad, transforming it into a pulsing suburb, and a hotbed of property investment.
Wakad, along with other smaller areas like Pimple Saudagar, began to develop as a result of the meteoric demand for economical housing from the influx of migrants coming in for employment in IT and manufacturing companies. Located in scenic West Pune, Wakad offers these affordable alternatives to the now well-developed and upscale areas like Baner and Aundh.
Here are a few reasons that make Wakad a compelling micro market to invest in.
Commute
Wakad has unbeatable connectivity with the Mumbai-Pune Expressway, Wakad road, and Kalewadi main road going through it. Wakad bus stand and Pimpri bus stand are close by while Chinchwad railway station is approximately 10 kilometres away. The Nashik-Phata BRT corridor is in proximity and Pune airport lies about 45 minutes away. Wakad is also all set to experience the benefits of the much anticipated Pune-Mumbai Hyperloop that is expected to be finished by the end of 2021.
Wakad is situated in a sweet spot, right next to Hinjewadi, which offers a plethora of employment opportunities. Teerth Technospace, Prabhavee Tech Park, Rajiv Gandhi Infotech Park, Embassy Tech Zone, and Hinjewadi IT Park are just some of the options that lie within a 10-kilometre radius. Slightly further away at about 15 kilometres is Talawade IT Park, which also houses prominent firms like Capgemini and Syntel.
Wakad is also close to the clutch of biotech companies that are situated along the highway as well as manufacturing and industrial belts like Pimpri Chinchwad, Chakan, and Talegaon.
Lifestyle
Wakad is surrounded by some of the most sought-after and tony neighbourhoods that Pune can boast of. To its east lies Aundh and Pimple Nilakh, to the south there’s Pashan and Balewadi, while it’s flanked by Ravet, Akurdi and Chinchwad to the north, and the buzzing employment and residential hub of Hinjewadi is towards its west. Needless to say, given such august neighbours, Wakad enjoys some of the most well-developed and high-quality social infrastructure that ensures a convenient and superlative lifestyle for its residents.
Top Projects
Schools/ Education Institutions
- Akshara International School
- Wisdom School
- EuroSchool
Hospitals
- Alpha Superspecialty Hospital
- Lifepoint Multispecialty Hospital
The Real Estate Market
Despite the rapid rise of Pune from a laidback little town to a bustling big city, it continues to retain its historic charm and natural beauty with lots of green spaces, which is one of the major factors that attract families with small kids and senior citizens.
What to Expect
A self-sufficient locality, Wakad boast of good connectivity to other parts of the city. Further, with robust social and physical infrastructure, it does not disappoint on the liveability front as well.