Last year, Wakad had a property price appreciation of around 7.6%. This was one of the highest among other localities in Pune. And year over year property prices in Wakad is seeking exceptional growth. It is possible because of multiple reasons. Check out this article to know the top 5 reasons to invest in Wakad & best residential properties in Wakad.
Wakad is located in the Pimpri-Chinchwad region of Pune.
Wakad has emerged as one of the most promising real estate investment destinations in recent times.
With excellent social infrastructure, proximity to IT hubs, and affordable property rates, Wakad has become a hot spot for investors looking for high returns on their investments.
In this article, we will explore the top 5 reasons to invest in Wakad in 2024 could be a wise decision.
Page Contents
- Strategic Location: Invest In Wakad To Seek Connectivity Benefits
- Excellent Social Infrastructure: Invest In Wakad As It Has Well-Established Infrastructure
- Growing Demand for Properties: Invest In Wakad To Seek Best Capital Appreciation
- Affordable Property Rates: Made It A Right Time To Invest In Wakad
- Best Properties In Wakad
- FAQs
Strategic Location: Invest In Wakad To Seek Connectivity Benefits
Wakad is a rapidly developing suburb located in the Pimpri-Chinchwad area of Pune, Maharashtra.
This area has become a popular residential destination due to its strategic location and various locational benefits.
One of the primary locational benefits of Wakad is its proximity to the Mumbai-Pune Expressway, which provides easy connectivity to both Mumbai and Pune.
Additionally, Wakad is located near the Hinjewadi IT Park, which is one of the largest IT hubs in India. This makes it a preferred location for professionals working in the IT industry.
Wakad is also well-connected to other parts of Pune through the Pune-Mumbai Bypass Road, Old Mumbai-Pune Highway, and the Pune-Bangalore Highway. This makes commuting to different parts of the city hassle-free.
The locality also boasts excellent social infrastructure, including reputed educational institutions, healthcare facilities, and shopping complexes.
The area has a plethora of options for dining and entertainment, making it an ideal place for families.
Furthermore, the real estate market in Wakad is rapidly growing, with several new residential and commercial projects coming up. The high demand for housing has led to an increase in property prices, making it a lucrative investment opportunity.
Overall, Wakad’s strategic location and various locational benefits make it a popular residential destination and a sought-after location for businesses.
Excellent Social Infrastructure: Invest In Wakad As It Has Well-Established Infrastructure
Wakad has an excellent social infrastructure, making it an ideal residential destination.
The area has several reputed educational institutions like Indira College, D.Y. Patil College of Engineering, and Akshara International School.
There are also several hospitals like Lifepoint Multispeciality Hospital and Aditya Birla Hospital in the vicinity.
Wakad also has a thriving entertainment and shopping scene, with several malls like Xion Mall and the City One Mall.
The area also has several restaurants and cafes, making it a vibrant destination for young professionals and families alike.
At present, various new industries & commercial companies are been developing in this locality.
All this well-established social infrastructure is been influencing to achieve higher growth potential in the future.
Growing Demand for Properties: Invest In Wakad To Seek Best Capital Appreciation
The demand for residential properties to invest in Wakad has been on the rise in recent years.
According to data, Wakad witnessed a property price appreciation in the following ways.
- 7.6% in the past 1 year.
- 15.5% in the past 3 years.
- 18% in the past 5 years.
- 57% in the past 10 years.
The area has also seen a surge in demand for rental properties. And currently, the average rental yield in Wakad was 10%.
This makes it a promising destination for investors looking for rental income.
Affordable Property Rates: Made It A Right Time To Invest In Wakad
Despite its excellent location and social infrastructure, Wakad’s property rates are still relatively affordable compared to other parts of Pune.
According to the data, flat prices in this locality ranges from Rs. 7060 to Rs. 8760 per sq ft.
And the land prices in this area range from Rs. 2400 to Rs. 6260 per sq. ft.
The builder floor prices range from Rs. 6360 to Rs. 7900 per sq. ft.
So, the average property price in Wakad for apartments or flats is approximately Rs. 7700 per sq. ft.
Following are the average property prices of various other localities of Wakad.
|
Apartments |
|
| Locality | Average price per sq. ft |
| Bhumkar Nagar | Rs. 6330 |
| Shankar Kalat Nagar | Rs. 6550 |
| Park Street | Rs. 7550 |
| Kaspate Wasti | Rs. 6950 |
| Bhujbal Vasti | Rs. 6500 |
| Kemse Vasti | Rs. 6350 |
| Ganesh Colony | Rs. 5930 |
| Wakadkar Wasti | Rs. 6160 |
| Yashoda Colony | Rs. 5880 |
| Samarth Colony | Rs. 6180 |
|
Independent House |
|
| Locality | Average price per sq. ft |
| Kaspate Wasti | Rs. 6170 |
| Park Street | Rs. 7530 |
| Yashoda Colony | Rs. 4500 |
| Venu Nagar Cotes | Rs. 7220 |
| Shakti Colony | Rs. 7270 |
| Pratham Bungalow Society | Rs. 7630 |
Best Properties In Wakad
Here are the best properties available to invest in Wakad which offers a wide range of BHK and carpet size configuration.
Kalpataru Exquisite
The Kalpataru Exquisite is the 23-floor residency.
Landscape gardens, amphitheater, outdoor lawn area, multipurpose court area, kids play area, yoga deck, outdoor fitness station, etc are the options of amenities provided for homebuyers.
Mumbai-Bangalore highway, Balewaldi high street, Hinjewadi, Aundh, Shivajinagar, university circle, Pune station, Pune airport, etc are the closest location & infrastructure options available.
Schools, colleges, hotels, hospitals, malls, etc are available as multiple options for the residents of Kalpataru Exquisite.
This under-construction project will be available for possession by November 2023.
Below mentioned are the property type, carpet area & price list of the Kalpataru Exquisite.
| Type | Carpet Area | Price |
| 3 BHK | 1550 sq. ft | Rs. 1.41 crores |
| 3 BHK | 934 sq. ft | Rs. 87 lakhs |
| 3 BHK | 1515 sq. ft | Rs. 1.38 crores |
| 3 BHK | 1122 sq. ft | Rs. 1.02 crores |
| 3 BHK | 1208 sq. ft | Rs. 1.1 crores |
Sonigara 57 Midtown
The Sonigara 57 Midtown is the 22 floors residency.
The project offers 2 BHK and 3 BHK apartments with beautiful & luxurious interiors.
Kids play area, gym, indoor games, swimming pool, multipurpose hall, clubhouse, jogging track, yoga lawn, etc are the list of amenities provided here.
Dr. D.Y Patil B school, Balewadi high street, Indira group of institutes, Ruby hall clinic, etc are the connectivity options available for residents.
Currently, the project is under construction. The expected possession date is December 2025.
Following are the floor plan, carpet area & property price of the Sonigara 57 Midtown.
Type: 3 BHK, Carpet Area: 1327 sq. ft, & Property Price: Rs. 1.5 crores
Type: 4 BHK, Carpet Area: 1472 sq. ft, & Property Price: Rs. 1.66 crores.
Kalpataru Harmony
The Kalpataru Harmony is a 13 floors residency spread over 8 acres of land. It offers spacious 2 & 3 BHK apartments.
A clubhouse, toddlers pool, infinity swimming pool, amphitheater, multipurpose court, gym, children’s play zone, beautiful gardens, etc are the amenities available in Kalpataru Harmony.
Wakad road, Kalewadi main road, Pune junction railway station, NH-48, Pune International airport, etc are the connectivity options available from the residency.
The Kalpataru Harmony is currently ready for possession.
Here are the property type, carpet area & price list of Kalpataru Harmony.
| Type | Carpet Area | Price |
| 2 BHK | 1191 sq. ft | Rs. 69.08 lakhs |
| 2 BHK | 1251 sq. ft | Rs. 77.5 lakhs |
| 3 BHK | 1603 sq. ft | Rs. 1.01 crores |
| 3 BHK | 1701 sq. ft | Rs. 1.11 crores |
| 3 BHK | 1720 sq. ft | Rs. 1.12 crores |
You can also check out 10 Best Residential Projects in Pune 2024 to know the luxurious residential properties available in Pune.
FAQs
| What are the main reasons to invest in Wakad?
Strategic location, excellent social infrastructure, growing demand for properties, affordable property rates & best properties in Wakad are the main reasons to invest in Wakad |
| What was the property price appreciation of Wakad?
Last year, the property price appreciation of Wakad was 7.6%. And this was one of the highest in the Pune districts. |
| Which are the best residential properties to invest in Wakad?
Kalpataru Exquisite, Sonigara 57 Midtown, Kalpataru Harmony, etc are one of the best properties in Wakad. |
| What is the average property price in Wakad?
The average property price in Wakad for apartments or flats is approximately Rs. 7700 per sq. ft. |
| What was the average rental yield in Wakad?
The average rental yield in Wakad was 10%. And this was one of the highest among the other localities in Pune. |
