Real Estate in Wakad, Pune

Wakad is located on the outskirts of Pune city. Initially, it was developed as an annexe or extension to the prominent, posh and coveted suburbs of Baner and Aundh. Later, it got a life of it own as has grown extraordinarily, thanks in some part to the rise of nearby Hinjewadi, which is an important Infotech and Biotech hub. The arterial Dange Chowk Road, now called Wakad Road runs through the suburb and intersects with the Mumbai-Pune-Bangalore Highway which also passes through it.

Wakad enjoys good proximity to the IT and business parks in Hinjewadi as well as the industrial belt of PCMC & Chakan as well as Talegaon MIDC. This suburb of Pune has good civic and social amenities. Popular institutes such as Indira Institute of Managament, Dr. D.Y Patil Vidyapeeth, Institute of Business Management and Research (IBMR) and JSPM are close by and attract students from across Maharashtra and India, thus bringing a steady influx of talent and human resources.

This suburb has emerged as one of the top hotspots of investment in Asia. For homebuyers looking out for premium apartments with ready lifestyle around and great connectivity, Wakad and its surroundings are the best found residential destination.

Infosys Pune Campus Hinjewadi

Wakad – One of Pune’s Well-Connected Residential Suburbs

Last updated on May 2, 2018 by Chrisanta Dias

The picturesque region of West Pune is home to the premium, coveted and well developed suburbs of Baner and Aundh. When the PCMC began developing West Pune, the focus was on these two suburbs. Today, they are fully developed, saturated and too expensive for middle income households. As a result, extentions to Baner and Aundh were developed, such as Pimple Saudagar and Wakad which were known as Aundh Annexe and continue to be called so by the locals. These two localities were developed to absorb the growing demand for middle income housing which was no longer available in Baner and Aundh. While Pimple Saudagar still retains some of its forested aura, Wakad has transformed into a well developed town thanks to the civic efforts of the PCMC. On one hand, Wakad benefits from its proximity to posh Baner and Aundh, while on the other it is flanked by the massive …

Wakad – One of Pune’s Well-Connected Residential Suburbs

The picturesque region of West Pune is home to the premium, coveted and well developed suburbs of Baner and Aundh. When the PCMC began developing West Pune, the focus was on these two suburbs. Today, they are fully developed, saturated and too expensive for middle income households. As a result, extentions to Baner and Aundh were developed, such as Pimple Saudagar and Wakad which were known as Aundh Annexe and continue to be called so by the locals. These two localities were developed to absorb the growing demand for middle income housing which was no longer available in Baner and Aundh. While Pimple Saudagar still retains some of its forested aura, Wakad has transformed into a well developed town thanks to the civic efforts of the PCMC.

On one hand, Wakad benefits from its proximity to posh Baner and Aundh, while on the other it is flanked by the massive Hinjawadi Infotech and Biotech hub along Mumbai highway and the manufacturing hubs of Pimpri Chinchwad. It is in this sweet spot that Wakad stands out, providing benefits of connectivity & conveniences, with residences that many can easily afford.

Let’s delve into why Wakad is now being sought after by major developers in Pune for residential developments.

The NH 4 Pune Bypass passing through Wakad
The NH 4 Pune Bypass passing through Wakad (Source: Wiki)

Strategic Location

Wakad is located towards Western periphery of Pune city and is one of the fastest growing localities of Pune thanks to the National Highways access to Mumbai & important business centers of the city. It is surrounded by bustling residential suburbs such as Pimple Nilakh, Pimple Saudagar and Aundh to the east, Baner, Pashan and Balewadi to the south, Akurdi, Chinchwad and Ravet to the north, while to the west is the IT hub of Hinjawadi. Being located near such well known suburbs of Aundh and Baner with thriving socio-economic infrastructure and lifestyle means that Wakad has a ready lifestyle around. The crucial Mula River also borders the southernmost parts of Wakad.

Good Connectivity

The biggest advantage of developing residential properties in Wakad, is the proximity to finest residential locales that are buzzing with lifestyle and employment alike. Baner and Aundh are not more than 5 minutes’ drive from Wakad. Driving to Shivaji Nagar which is the heart of Pune, is easier as well.

Wakad is surrounded by major transit routes, and one of the important access points is the Dange Chowk Road now called Wakad Road. It runs from the east to north-west of Wakad and along the way crosses the Mumbai-Pune-Bangalore Highway at Bhumkar Chowk and further along intersects with Aundh-Ravet BRTS at Dange Chowk, a busy junction.

Also, the Mumbai-Pune-Bangalore Highway itself passes through Wakad and thus makes this suburb an important one and is an added bonus for all Mumbaikars and Punekars who travel to Mumbai frequently.

Wakad is also well connected to the Pimpri-Chinchwad industrial belt that houses companies like Bajaj, Thermax, Tata Motors, and has easy access to the industrial areas of Chakan and Talegaon – Pune’s famed auto and manufacturing hubs.

Connectivity from Dange Chowk
Connectivity from Dange Chowk

Surrounding IT & Business Hubs

Wakad itself has commercial hubs such as Pushpak Business Hub and Solitaire Business Hub.

In close proximity is the IT & business hub with top IT parks like Nano Space, Teerth Technospace, Prabhavee Techpark, High Street. It houses brands like Veritas, Cummins, Siemens, Vyomlabs, Savy Software, Aloha Technologies, Pubmatic, Xoriant, Capgemini to name a few.

On the other side, is the prominent IT neighbour – Hinjawadi which is considered Maharashtra’s ‘Silicon Valley’. As such, Wakad is the gateway to Hinjawadi IT Park. Hinjawadi is home to Quadron Business Park, Embassy Tech Zone, Rajiv Gandhi Infotech Park, as well as offices of Tech Mahindra, Infosys, TCS, Dassault Systems and the like.  

To the north is the Talawade IT Park which is approximately 16 kms or 34 mins driving distance away from Wakad. It houses IT companies such as Capgemini, Fujtsu Consulting and Syntel.

Infosys Pune Campus Hinjewadi
Infosys Pune Campus Hinjewadi (Source: Hinjewadi Times)

Accessibility to Industrial belts

Wakad’s location bestows it with unmatched accessibility to the nearby industrial belts which are also mass-employers, such as:

The PCMC Industrial Belt

The sprawling Pimpri-Chinchwad Industrial belt is one of the largest of its kind in this part of the country and certainly boasts of some of the biggest names in the industry and is an easy drive to this industrial belt. Take a look at the names that it is home to — Tata Engineering, Bajaj Auto, Hindustan Antibiotic, the Finolex group of Industries, Sandvik Asia and Atlas Copco. The industrial belt was earlier characterised by a concentration of engineering units but over the years there has been a shift with a variety of industries like pharmaceuticals, chemicals, telecommunications and even Information Technology companies now setting up shop there.

Besides this, the other two crowns making Pune a popular auto & manufacturing hubs; Chakan, Bhosari & Talegaon are in proximity too.

Chakan industrial hub

Home to a major SEZ promoted by the MIDC, Chakan has evolved into a popular automobile hub housing production plants like Volkswagen Group, Daimler-Benz, Mahindra & Mahindra, Jaguar Land Rover, Bajaj Auto, General Electric, Hyundai, etc.

Talegaon MIDC

Talegaon MIDC is also an easy drive away from Wakad. It houses popular brands like General Motors, L&T, JCB and INA Bearings Pvt. Ltd.

Social Infrastructure

The PCMC is famous for its ultra-modern infrastructure development and since Wakad is administered by this civic body, it’s civic amenities are among the best. Well known hospitals include Aditya Birla Hospital, Lifepoint MultiSpeciality Hospital, Surya Mother and Child Care SuperSpeciality Hospital, and Sai Jyoti Hospital and ICU among others. Wisdom World School, EuroSchool, Mount Litera Zee, Blossom School are some well known schools.

Savitribai Phule Udyan
Savitribai Phule Udyan in Wakad (Source: Journey & Life)

Indira College, Indira Institute of Management, and Pune Institute of Business Management and Research (IBMR), DPU, Dr. D.Y Patil Vidyapeeth, JSPM are some prestigious higher education institutes in and around Wakad. The prestigious IIIT is located just outside Wakad off the Hinjawadi Road. These institutes also attract students from across Maharashtra and India, thus bringing a steady influx of talent and human resources.

For daily amenities residents of Wakad generally shop at either of the 2 D-Mart’s in Aundh & Baner, Reliance Fresh and Big Bazar that are a few minutes’ drive away. Malls in close proximity to Wakad are Westend Mall, Xion, E-Square, PVR Cinemas, Pimpri Central or City Pride as well as the upcoming Phoenix Marketcity in Wakad. The popular family outing destination of Gnanjyothi Savitribai Phule Udyan is in the south along the Wakad-Bhosari BRTS Road. Balewadi Stadium and Gahunje Stadium, both of which host international matches and events, are close to Wakad.

The high streets of Baner & Balewadi, considered to be the usual haunt for many are hardly any distance away from Dange Chowk at Wakad. For those who enjoy culinary delights, there are many multi-cuisine and fine dining options in Wakad, Aundh and Baner such as Sayaji’s Portico, MoMo Cafe at Courtyard by Marriott, Orion Molecular Kitchen and Bar, Hotel Green Park, Nawab Asia, Panchavati Gaurav and many more.

Balewadi High Street
Balewadi High Street (Source:BalewadiHighStreet,com)

Premium Residential Locale

Wakad is one of the top hotspots of investment in Asia and is one of the fastest growing because of its plush & popular neighbours – Aundh & Baner and connectivity to Mumbai and other business & growth drivers of the city. Dange Chowk, Wakad area has evolved considerably due to its physical and support infrastructure, quality lifestyle that the globetrotters need. Consequently, the demand for quality housing in these areas is high which is also reflective in their price levels which are at least 12-18% higher than the other areas of West (Source: MagicBricks).

For homebuyers looking out for premium apartments with ready lifestyle around and great connectivity, Wakad and its surroundings are the best found residential destination.

Conclusion

Some years ago, after the Lehman Brothers led financial crisis in 2008, homebuyers were looking for affordable options in Pune and that’s when Hinjawadi opened up as a suitable location for those who were looking for good projects with modest budget. This demand mostly came from people who were willing to compromise on civic amenities and lifestyle – still in the process of being planned and developed in Hinjawadi – for absolute proximity to work.

In recent times, though, with a shift in the economy and rise in disposable incomes, homebuyers can afford homes in neighbourhoods with better amenities. While Hinjawadi continues to remain the hub of a majority of the blue collar jobs in Pune, it is still developing and hence lacks some amenities which are easily available in neighbouring Wakad. As a result, a number of IT and ITeS professionals who prefer the convenience of living close to work but at a reasonable cost, and with good medical, educational and lifestyle facilities would consider Wakad. Thus Wakad, is strategically located close to employments centers and enjoys all the conveniences of urban life.

VTP Realty is one of the top developers in Pune having delivered close to 1 million sq. ft. of real-estate spaces in Pune, including residential, commercial, retail and hospitality developments. They are now coming up with a new premium residential offering at Dange Chowk, Wakad. The unique location of VTP Realty’s upcoming project situates it 2 mins away from the Mumbai-Pune highway. However, despite this proximity, the project is away from the main highway and thus ensures residents enjoy good connectivity without the noise and pollution. The new VTP Realty project will thus enjoy good connectivity and lifestyle amenities offered in Wakad and its premium neighbourhood.




Thank You! your query has been submitted we will contact you soon.

Need more info to decide if this project is for you?

No problem, share your queries with us and we shall respond in 7 days

Sorry! Something went wrong. Please try later

5 Replies to “Wakad”

Your email address will not be published. Required fields are marked *

two × one =

 Other Projects in Wakad

Still have unanswered question about Project?

Ask us and get answer in 7 days.

 Nearby Areas in Pune

The details displayed on the website are for informational purposes only. Information regarding real estate projects including property/project details, floor area, location data has been sourced from multiple sources on best effort. Nothing contained herein shall be deemed to constitute legal advice, solicitations, marketing, offer for sale, invitation to acquire by the developer/builder or any other entity. You are hereby advised to visit the relevant RERA website before taking any decision based on the contents displayed on the website.

Why Users Love Us

PropMatch
Compare any project