Wakad is located in the north-west part of Pune, in the PCMC region.
Between 2010 and 2016, the property prices in Wakad appreciated by a whopping 100%!
Wakad is surrounded by some of Pune’s top destinations like Hinjawadi, Balewadi, Pimple Saudagar and a few others. In the last few years, PCMC has also started granting maximum permission to multi-storey developments because of the incredible demand for housing in Wakad.
Let’s take a look at why this neighbourhood is becoming an attractive investment destination:
Wakad has a well-planned road system, with excellent intra-city connectivity. It also has a high frequency of PMPML buses and rickshaws. Hence, the residents of Wakad are blessed with good connectivity to all parts of Pune.
In addition, Wakad is set to become a major stop in the Line-4 of the proposed Pune-Metro project.
Thanks to the growing demand for residential properties in Wakad, the PCMC has announced many new infrastructural projects in this area.
Some of them are:
● A proposed BRTS line from Wakad to Nashik Phata.
● Widening of the two-lane Wakad road to reduce traffic congestion
● Several flyover projects
I.T. Corridor and Real Estate Preference
● One of the main reason behind the spectacular rise of Wakad as a residential destination is its proximity Hinjawadi I.T. Park.
● As the sector continues to grow, more and more people are coming into this area. That’s why some of Pune’s top developers have already earmarked Wakad and have come up with some amazing developments.
Looking at the above factors, it is safe to say that Wakad has today become a significant micro-market in Pune’s real estate sector. If you are looking for spacious and luxury homes in Wakad, then take a look at Western Avenue by Kolte-Patil Developers - luxurious homes designed to match all your comfort needs.
Explore project here: (http://westernavenue.in)