Buy Flats In Wakad - New Launch/Under Construction/Ready To Move/Ready Possession Luxury Flats for Sale/Resale at Affordable Price In Wakad, Pune

If you wish to invest in property in Pune, you should definitely check out the best residential flats in Wakad. Wakad has emerged as one of Pune's most promising residential locations thanks to its strategic location, good infrastructure, and 15% growth in the city's real estate market over the last three years. With this ever-growing appeal, flats in Wakad have emerged as hot-selling properties for home buyers and investors in 2024.

Why are New Flats In Wakad Pune in High Demand?

Pune, now famously known as the 'Oxford of the East,' has an excellent social and educational hub that attracts professionals and students from every nook and corner of India. Wakad is quite unique by virtue of its rapid growth and self-sufficient social infrastructure. People are attracted to affordable apartments in Wakad as they are close to work and provide quality living, with major employment centres like the Rajiv Gandhi Infotech Park in Hinjewadi nearby.

With a historic importance in the Maratha Empire, Pune has today developed into the second-largest city of Maharashtra. Wakad is becoming more important because it is the cultural and residential hub that offers a mix of modern living with all the amenities it offers.

Location Benefits:

Located on the Mumbai-Pune Highway (NH-48), flats in Wakad for sale also give preferable connectivity to key neighbourhoods such as:

Chinchwad Railway Station is about 7 kilometres from here. Pune International Airport is just 20 kilometres from Wakad, providing hassle-free connectivity to residents. This strategic location makes this locality ideal for working professionals allowing easy access to IT hubs in Hinjewadi and Baner and manufacturing hubs in Bhosari MIDC and Akurdi.

Social Amenities:

It is one of the most considerable advantages of residing in ready-to-move flats in Wakad. As a whole, living here enhances the quality of life due to the well-developed social amenities. Some of the facilities offered around Wakad include:

At present, these amenities massively contribute to the desire and the family nature surrounding this locality of Wakad.

Infrastructure in Wakad is continuously developing, which further heightens its attraction for residents. One significant development is the Pune Metro Line 3, or Hinjewadi-Civil Court line, under which Wakad Chowk would also have a station to strengthen public transport in the area.

Besides, work on the long-awaited Pune Ring Road, which will connect five major highways, will begin by the end of 2024. This will greatly connect Pune to other significant regional economies and drive demand for flats for sale in Pune Wakad.

Economic Growth and Employment Opportunities:

The IT, manufacturing, and automobile sectors continued growing in Pune and drove the demand for ready-for-possession flats in Wakad. High foreign investment and the availability of skilled graduates from institutions in Pune ensured a steady inflow of job seekers and professionals, who became a good inflow here in Wakad.

For IT professionals, the fact that Wakad is close to major tech parks is a significant advantage. Rajiv Gandhi Infotech Park, Embassy Tech Zone, and Hinjewadi IT Park are just a short drive away. Additionally, manufacturing and biotech hubs located at Chakan, Talegaon, and Pimpri Chinchwad increase employment opportunities for locals.

Real Estate Trends in Wakad:

The market of Wakad was relatively flat and steadily rising. The average property rate is around Rs 7,550 per sq ft and for the last five years, it surged at the rate of 16%. Kolte Patil, Kohinoor, Vilas Javdekar, and Pride Purple Group are some of the developers that have released high-end residential projects in this location, which will provide homebuyers with the option of 2 BHK and 3 BHK resale flats in Wakad Pune.

Investment Capability of Wakad's Real Estate:

The realty market at this location is booming since the property value has increased by a whooping 16% in the last five years. As of today, it is Rs 7,550 per sq ft, which reflects a healthy growth. The locality has developed infrastructure; the proposed Pune Metro and Ring Road will make luxury flats in Wakad Pune a good investment.

Proximity to IT parks and employment centres ensures a healthy rental market for Wakad. Investors can expect:

Compared to other premium areas in the city, Wakad apartments offer excellent value for money. Buyers can expect:

All of these are at a more affordable price compared to any other well-established localities of the city.

Final Say:

Buying a flat at Wakad ready for possession means a buyer gets a blend of pocket-friendly prices, top-notch facilities, and best-in-class infrastructure with top connectivity. It is, indeed, a perfect offering for both consumers and investors.

Staying close to the major IT park, the steady development of infrastructure, and increased social, recreational, and community amenities, the area ensures excellent quality of life for its residents. Increasing property rates and huge demand for rentals make this place even stronger for investments.

Be it a long-term investment or having a dream home, Wakad boasts a booming realty venue in Pune that grows with time and value for money.