June 20, 2014

About Locality & Projects of Wakad, Pune

Situated on the North-West of Pune, Wakad is among the fastest growing localities in the city. Some of the key growth drivers of Wakad include its close proximity to the Hinjewadi Infotech Park and Mumbai Expressway (West), which connects it with all important places. It is also popular as the gateway of Pune to Mumbai because of close proximity to this expressway.

This region has potential of developing into vibrant neighborhood, which can offer a good lifestyle, better connectivity, and proximity to the all nearby major work places. Major residential investment places in and around Wakad include Hinjewadi (4 Km), Pimpri Chinchwad (5 Km), Aundh (8 Km), Baner (7 Km), Nigdi (8.8 Km), Kalewadi Phata (6.4 Km), Jagtap Dairy (4.9 Km), and so on. These residential investment up-markets are easily accessible from here through road transportation and railway.

Connectivity of the Locality

Wakad suburb lies on the North-West of Pune, which has excellent connectivity with the important nearby localities. It is situated at Mumbai Pune Bypass Road, which is linked to all major roads like Wakad Road, Pashan Road, Kalewadi Road, Hedgewar path, Link Road, Pimpri-Chinchwad Road, Aundh Road, Hinjewadi Road, Bhumkas Dash Grunge Road, Hinjewadi Road, etc. These roads give excellent connectivity to the areas that are in its proximity such Hinjewadi, Aundh, Pimpri Chinchwad, and many others. Nearest railway stations include Pimpri Railway Station (6.2 Km), Akurdi Railway Station (7.4 Km), Chinchwad Railway Station (6.1 Km), and Pune Railway Station (18 Km). Pune Lohegaon Airport is 21.8 Km from Wakad.

Property availability chart of Wakad, Pune

Availability of Residential Units as per Unit Type



Supply of 2 BHK apartments in Wakad is 52% of the total supply. Whereas, there is 35% supply of 3 BHK apartments, 1 BHK apartments is 7% and supply of more than 3 BHK apartments is 6%. 

Availability of Residential Units as per area


Apartments covering 1000-1500 square feet area have 50% property availability and less than 1000 square feet have 21% property availability in Wakad. While, there is 19% property availability of apartments that cover 1500-2000 square feet. Flats spread over more than 2000 square feet have lesser availability that includes 10% only.

Availability of Residential Units as per budget 



Above graph gives the authentic information regarding property availability according to the budget of home buyers. Availability of properties ranging between Rs. 20 to 50 lackh is 43%. Apartments between the ranges of Rs. 50 lackh to 100 lakhc have 46% units. Whereas, there are 1% flats that range from Rs. 10 to 20 lackh. In addition, flats less than Rs. 10 lackh have only 1% availability.

Price Trend in Wakad  


 

As compared to the year 2009, Wakad has witnessed a continuous in property prices in 2010 and 2011. Average residential property price in 2009 was about Rs. 4708 per Sq.ft. which increased to Rs. 5029 per Sq.ft. in 2010 and Rs. 5350 Sq.ft in 2011 respectively. The tremendous down in property prices over the past two years is 5 percent.


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