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Top 13 New Residential Projects in Wakad, Pune

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About Wakad, Pune

Wakad, situated in Pune, Maharashtra, is a vibrant area known for its strategic location within the western region of the city. Geographically, spanning about 9.49 square kilometres, Wakad is bordered by key neighbourhoods such as Hinjewadi, Pimple Saudagar, and Baner.

With a population of 32,730 residents, Wakad boasts connectivity through major routes like Mumbai Highway (NH 48), Wakad-Bhosari BRTS Road, and Aundh-Ravet BRTS Road.

Renowned for its accessibility to the Rajiv Gandhi Infotech Park, a major IT hub situated 8 km away, Wakad serves as an appealing residential destination for IT professionals. Additionally, the area features popular recreational spots like Xion Mall (4 km), Westend Mall (8 km) and City One Mall (7 km), offering residents varied entertainment options.

Moreover, the location offers close proximity to tourist gems such as Pawana Lake, Mulshi Dam, and Khandala hill stations, making it an ideal living space for residents craving serene getaways and weekend escapes. The region also boasts attractions like Sant Savatamali Udyan, Shaniwar Wada, Lal Mahal, Raja Dinkar Kelkar Museum and Aga Khan Palace, further enhancing its appeal to tourists and residents alike.

Why Should You Invest in Wakad?

Investing in Wakad promises substantial capital growth due to its thriving real estate market. The average property rates for flats in Wakad, Pune, currently hovers around Rs. 7350 per square foot. Over the past years, there has been a significant appreciation in property rates: a 3.3% rise in the last year and 12% in the last 5 years.

Renowned developers such as Kumar Properties, Goel Ganga Group, Kolte Patil Developers Limited, and Paranjape Builder have established a significant presence in the area, guaranteeing top-notch projects and consistent value appreciation.

Price Trends in Wakad

Here is the statistical data to understand the price trends in Wakad, Pune:

Year Price/Sq ft
2019 Rs. 6,600
2020 Rs. 6,700
2021 Rs. 6,650
2022 Rs. 7,050
2023 Rs. 7,350

Disclaimer: All the above-mentioned prices are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary as per the developer, location, and amenities.

Top 5 Reasons to Invest in Wakad

1: Best Connectivity

  • Located along the Mumbai-Pune Highway (NH 48), Wakad enjoys exceptional road links both within and between cities.
  • Wakad offers multiple accessible routes, including Wakad Road, Dange Chowk Road, Datta Mandir Road and Wakad-Bhosari BRTS Road.
  • The area is approximately 7 km away from Chinchwad Railway Station, on the Pune Suburban Railway Line.
  • Wakad is conveniently around 20 km from Pune International Airport via Aundh-Wakad road.
  • Pune Mahanagar Parivahan Mahamandal Limited (PMPML) operates buses connecting Wakad to various parts of Pune.

2: Top-Notch Infrastructure

Offering an array of residential and commercial spaces, Wakad promises a vibrant lifestyle with schools, hospitals, and shopping centres in close proximity. Here are some of the notable infrastructure in the area:

Schools HealthCentres Recreational Venues
Balseva High School Medicare Hospital Good Food Roll House & Tandoori House
Wisdom World School LifePoint Multispeciality Hospital Bottoms Up Club
Shanti Juniors Pre-School Apex Hospital Magnum Opus
Pumpkin Patch School And Day Care Bhakti Hospital Pizza Hut
Akshara International School Global Multispeciality Hospital Club 29

3: Range of Projects in the Vicinity

4: Thriving Business Hub

Wakad, Pune, has become a bustling business hub, attracting a diverse range of enterprises. The area features an ecosystem of startups, established businesses, and commercial establishments.

  • Key industrial estates in Bhosari MIDC and Akurdi are situated within an 8 km radius.
  • Notable IT hubs such as Hinjewadi and Baner are within a 7 km distance, while Talawade MIDC Technology Park is 16 km away from Wakad.
  • Companies like Infosys, Cognizant, Wipro Technologies, Capgemini, Tata Consultancy Services, Cognizant and Synechron Technologies have significant presence in the area.

5: Rental Benefits

  • The proximity to IT parks drives the rental demand for premium rental accommodations in Wakad.
  • The average monthly rent for flats in Wakad ranges from Rs. 14700 to Rs. 59500.
  • Kolte Patil Western Avenue, GK Atlanta and Akshar Elementa are among the most sought-after housing societies for potential tenants exploring Wakad.

FAQs

What is the PIN code of Wakad?

The PIN code of Wakad in Pune, Maharashtra, India is 411057.

What is Wakad famous for?

Wakad, once known for the traditional Mhatoba Utsav festival celebrating its village deity for over 450 years, has undergone a significant transformation. Originally agricultural land, it has evolved into a developing area hosting prominent IT companies like TCS, Wipro, Cognizant and Capgemini, thus becoming a hub for real estate investments.

Is Wakad a good place to live?

Wakad stands as a sought-after residential locality in Pune, offering a balanced lifestyle with excellent amenities and close proximity to schools, and recreational facilities. Its strategic location, well-planned infrastructure, and connectivity make it an appealing choice. Nearby healthcare centres include Polaris Health Care, NRS Hospital and Ankur Hospital Shivaji Nagar, while the locality benefits from the educational prowess of I2IT Engineering College. Residents also have easy access to popular entertainment destinations like E-Square Xion and INOX.

What is the future of Wakad?

Wakad's future looks promising, driven by significant infrastructure and a thriving economy. With ongoing real estate initiatives such as Kohinoor Courtyard One, Divine Palm Springs and Kalpataru Exquisite, along with the emergence of tech hubs like TCS, Wipro and Capgemini, Wakad is gearing up for continuous growth. It's positioned to evolve into a crucial hub for businesses and residences, significantly contributing to Pune's overall development scenario.

What are the current development projects in Wakad?

What are the top schools in Wakad?

  • Baldeva High School
  • Akshara International School
  • Pumpkin Patch School And Day Care
  • Shanti Juniors Pre-School
  • Wisdom World School
  • EuroSchool Wakad
  • Dhaniraj Primary School
  • Kamal Pratishthan Mount Litera School
  • M N P High School
  • Kai Abhaji Ramkar Bhau Bhumakar Primary School

What are the top hospitals in Wakad?

  • Lifepoint Multispeciality Hospital
  • Surya Mother And Child Super Specialty Hospital
  • Apple Hospital
  • Alpha Ortho & Skin Hospital
  • Golden Care Hospital
  • Dr.Rathore's Homeopathy & Polyclinic
  • Wellness Healthcare and Beauty Center
  • Sanjivani Plus Wakad Medical
  • Green Chemist
  • Aaradhya Generic Medical Store
  • Bhakti Hospital

What are the best restaurants in Wakad?

  • Old Mumbai Ice Cream
  • Domino's Pizza
  • Good Food Roll House & Tandoori House
  • Club 29
  • Pizza Hut
  • Magnum Opus
  • Bottoms Up Club
  • Ajinkya Executive Restaurant And Bar
  • Neptune - Fortune Inn Exotica
  • Felix Bar - Holiday Inn

What are the petrol stations in Wakad?

  • Sukhwani Petroleum
  • Shree Murari Petroleum
  • CNG Pump
  • Indian Oil
  • Pranjal Industrial Gases
  • Bharat Petroleum
  • Jaywant Mama Gas Agency
  • K.V.R Diesel
  • Online PUC Center
  • Hindustan Petroleum Corporation

What are the top gyms in Wakad?

  • Cult
  • Force Fitness
  • HighFit Fitness Club
  • Gold's Gym
  • Crunch Fitness Club
  • Kalamkar's Health Club
  • Body Fitness Gym
  • MetaFit
  • AB's Fitness Club
  • Force Fitness

What are the shopping malls in Wakad?

  • SPO18
  • Prime City Centre
  • Vision One Mall
  • Xion Mall
  • Pristine Square
  • Diamond Super Market
  • Omega Commercial
  • A&M Fashion
  • Echoing Greens
  • SEASONS

What are the top hotels in Wakad?

  • Ginger
  • Orritel Hotel
  • Sayaji Hotel
  • FabHotel SR
  • FabHotel Rajhans
  • Itsy by Treebo
  • Hotel Anvisha Executive
  • Orchard Hotel
  • Hotel Mukesh Residency

What are the parks in Wakad?

  • PCMC Garden
  • Tanaji Kalate Udyan
  • Gyanjyoti Savitribai Phule Udyan
  • Sant Savatamali Udyan
  • Aalap Musical Garden
  • Altius Play Area
  • Lakshmibai Barne Garden
  • Bapuji Buva Park
  • Deepmala Garden
  • Mont Vert Mini Garden

What are the top attractions in Wakad?

  • Gyanjyoti Savitribai Phule Udyan
  • PCMC Garden
  • Pune-Okayama Friendship Garden
  • Sant Savatamali Udyan
  • Shaniwar Wada
  • Lal Mahal
  • Raja Dinkar Kelkar Museum
  • Aga Khan Palace
  • Pataleshwar Cave Palace
  • Rajiv Gandhi Zoological Park
  • Mahadji Shinde Chhatri

How much does a 1 BHK cost in Wakad?

1 BHK in Wakad costs in the range of Rs. 35 Lakh to Rs. 60 Lakh.

What is the average size of a 1 BHK in Wakad?

The average size of a 1 BHK in Wakad is 345 sqft.

What is the rent of a 1 BHK in Wakad?

The rent of 1 BHK in Wakad lies in the range from Rs. 5,000 to Rs. 18,000 per month.

How much does a 2 BHK cost in Wakad?

2 BHK in Wakad costs in the range of Rs. 64 Lakh to Rs. 90 Lakh.

What is the average size of a 2 BHK in Wakad?

The average size of a 2 BHK in Wakad is 625 sqft.

What is the rent of a 2 BHK in Wakad?

The rent of 2 BHK in Wakad lies in the range of Rs. 20,000 to Rs. 28,000 per month.

How much does a 3 BHK cost in Wakad?

3 BHK flats in Wakad cost in the range of Rs. 84.3 Lakh to Rs. 1.23 Crore.

What is the average size of a 3 BHK in Wakad?

The average size of a 3 BHK in Wakad is 1244 sqft.

What is the rent of a 3 BHK in Wakad?

The rent of 3 BHK in Wakad lies in the range of Rs. 25,000 to Rs. 40,000 per month.

How much does a 4 BHK cost in Wakad?

4 BHK flats in Wakad cost in the range of Rs. 1.56 Crore to Rs. 2.96 Crore.

What is the average size of a 4 BHK in Wakad?

The average size of a 4 BHK in Wakad is 2084 sqft.

What is the rent of a 4 BHK in Wakad?

The rent of 4 BHK in Wakad lies in the range of Rs. 50,000 to Rs. 80,200 per month.

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