Property in Wakad
Wakad, situated in Pimpri-Chinchwad, is one of the fastest growing suburbs of the Metropolitan Area. It is located in the western part of Pune and offers easy accessibility to Mumbai through Mumbai- Expressway. The phenomenal growth of this locality can be attributed to the Infotech and Biotechnology Park at Hinjewadi close to the Pune- Expressway. Aundh-Ravet, Phata-Wakad, and Phata-Dehu road are three proposed Bus Rapid Transit routes that will be located close to Wakad. This area is in close proximity to the Rajiv Gandhi IT Park at Hinjewadi which houses several global IT companies like Synechron, Infosys, Geometric Software, KPIT Cummins, Wipro, Siemens, Tech Mahindra, IBM, TCS and Cognizant, among others. Towards the east of Wakad is Pimple Nilakh, Pimple Saudagar and Aundh, towards the north; Thergaon, Akurdi, Chinchwad and Ravet and towards the south are Mula River, Baner, Pashan and Balewadi. General Motors, the world's leading automobile company is also setting up a plant in Talegaon, close to Wakad.
Wakad is situated about 3 kilometres away from the IT hub at Hinjewadi and is just an 80 to 90-minute drive from Mumbai. It offers easy accessibility to the main parts of the city through both road and rail and is about 5-7 kilometres from Aundh and Baner.The bus services of Mahanagar Parivahan Mahamandal Limited (PMPML) connect Wakad to areas like Aundh, Pimple Saudagar and Pimple Nilakh. It also offers an easy connectivity to Railway Station which is about 12 kilometres away. Aundh is just 8 kilometres from Central via University road and taking the Aundh- Road will lead you towards Airport which is about 20 kilometres from Wakad. The - Bypass, Pimpri- Industrial area and Super Express Highway to Mumbai are also accessible from Wakad. A 120 ft. road connecting Baner, Balewadi and Wakad is currently under construction. In order to offer a smooth and traffic free drive from Wakad to Pimple Nilakh, a new flyover is being constructed that will start from Dangri Chowk in Wakad and will go up to Nagar in Pimple Nilakh.Schools and Hospitals
Wakad has a number of renowned colleges like Indira School of Communication, D Y Patil Engineering College, Global Academy of Hotel Management and Kesari College. There are also several good international, state and CBSE board schools in the area including Podar International School, International School, Dhaniraj School, M N P High School and High School. Apex Hospital, Phoenix Hospital, Varad Hospital, Life Point Hospital and Tikone Hospital are some of the well-known hospitals in the area catering to the medical needs of the residents of Wakad. There are also a number of shopping options in the area including Magnet Mall, O-Go Mall and Shoppers Stop.
Real Estate in Wakad
Situated in close proximity to the IT Park at Hinjewadi, Wakad has become one of the most preferred residential localities in Pune. Existence and emergence of new social infrastructures like colleges, schools and hospitals has contributed to the growth of the residential real estate property in Wakad. Developers such as Group, Nisarg Associates and Sheth Realty have already begun construction of residential properties in Wakad. Group Splendour, Olympia, Nisarg Associates Meadows and Sheth Realty Tiara are some of the key projects in Wakad. Unit size of apartments in Wakad range from 280 to 6,094 sq. ft. with average apartment price of Rs 5,210 per sq. ft. There are currently 78 projects under construction and 30 are expected to get possession in 2014. The IT Park is expected to generate more employment in the future, thus making Wakad a preferred choice for buying residential property.
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