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 micromarket to invest in.
Connectivity and employment
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.
Infrastructure and amenities
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.
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.
Our top property picks
One of Wakad’s biggest draws is that it offers property options ranging from luxurious villas to affordable apartments. Prices in Wakad currently range between Rs 4,115 and Rs 8,897 per sq ft. We give you our top three picks of the best properties in Wakad based on build, facilities, and pricing.
Paranjape Trident Towers
Consisting of 1 and 2 bedroom apartments Paranjape’s Trident Towers is strategically located on the Hinjewadi-Wakad Link Road and close to Rajiv Gandhi IT Park. It has a clubhouse, swimming pool, an acupressure area, and landscaped gardens among other facilities despite having a reasonable price tag.
Possession is from May 2022, and prices range between Rs 46-68 Lakh.
Legacy Bliss
Legacy Bliss from Legacy Lifespaces builders advertises its primary advantage as being the ability to “walk to work and be back in a jiffy.” Comprising 2 and 2.5 bedroom apartments, Legacy Bliss has all the major facilities like a gym, clubhouse, children’s play area and amphitheatre. Additionally, it also has a senior citizen zone, meditation and yoga areas, and jogging track. Moreover, the upcoming proposed metro station will be easily accessible from here.
Possession is from December 2021, and prices range between Rs 47-66 Lakh.
Kolte Patil Western Avenue
Kolte Patil builders have been a trusted name, and you can expect only the best quality amenities and infrastructure from them. Spanning over 33 acres of land, Western Avenue comprises 2 and 3 bedroom apartments located along the Mumbai-Pune highway. It has a cafeteria, gym, lots of green space including a herb garden, a bonfire zone, and a shopping centre.
Possession is from May 2022, and prices range between Rs 75.5 Lakh and Rs 1.06 Crore.
Very true, unlike other residential places in Pune, Wakad area is also growing for good housing options. With the mentioned places in your blog, wakad has got a new facelift. And surely wakad has affordable options to invest in. As far I have seen, there are big residential projects like 3 bhk flats, 4 bhk flats in pune wakad. Good to see it growing in an demanding way.