Reasons to invest in Wakad
Given the price trend and rising demand in Wakad, the area could emerge as a good investment area. There is a great appreciation of property rates with many projects here. Moreover, the area is one of the IT / ITeS hubs and industrial areas of Pune. Many projects in Wakad have been sanctioned by the government and there is also scope for infrastructure development. With all this in mind, Wakad is a great place to invest.
There are some major roads passing through this area - Wakad Road, Mumbai-Pune Expressway and Kalewadi Main Road. The area has extensive bus service and is close to Wakad bus stand and Pimpri bus stand. There is a railway station at Chinchwad from where train services can be taken. There is a railway station about 8 km from Wakad. It takes about 45 minutes from Wakad to reach the airport in Pune Employment center near Wakad
- Price appreciation- Around 20% in the last one year.
- Current property rates- Rs 5,329 –Rs 7,260 per sq ft.