Wakad is a lively suburb situated just around 5 to 7 km from Baner and Aundh. Unless you are familiar with the precincts, you could easily overlook this underrated suburb of Pune. Over the past several years, this part of the city has witnessed exponential growth and development in civic infrastructure, easy connectivity, and alluring hot spots. If you are looking for a friendly neighbourhood that defines fine living and an active lifestyle, there are plenty of reasons to buy in Wakad.
Fast-paced development and opportunities abound.
The past couple of years have witnessed exponential development in this part of the city, partly due to increased commercial activity on the Mumbai-Pune expressway and partly due to the IT sector’s growth. Today, the entire belt is home to over 2,000 start-ups, some well-known IT companies, several tech parks, biotech companies, and manufacturing and industrial companies in the precincts of Wakad.
The area is known for improved infrastructure and amenities.
This fast-paced development has resulted in developing public infrastructures such as roads, easy commutation, proximity to workplaces, and better civic amenities like private schools and modern amenities in upcoming projects. Being a relatively new development also means better urban planning, beautiful communities, and social infrastructure.
Wakad is a home for several It hubs, including Rajiv Gandhi InfoTech Park, DLF Akruti IT Park, Panchshil Tech Park, and International Tech Park. New-age schools like Wisdom World School, VIBGYOR, Mount Litera Zee School, Good Samaritan School have mushroomed up. At the same time, hospitals, namely Aditya Birla Memorial Hospital, Polaris Health Care, Jeevan Jyoti Hospital, are close to Wakad.
Choice of contemporary homes with modern floor plans.
What is noteworthy among the residential homes at Wakad is that most homes are well-lit, offer panoramic views, allowing residents to relax in their peaceful sanctuary while also offering a break from bustling city life.
Pride Purple’s Park Titanium is RERA-compliant, modern residential homes that are the epitome of convenient urban living.
With a well-equipped clubhouse, swimming pool, outdoor entertainment area, indoor and outdoor sports amenities, indoor lounge area, and plenty of available parking, residents can take advantage of the amenity-rich apartments in Pride Purple’s ongoing project at Wakad, Park Titanium.
A blend of traditional and modern elements
Wakad is home to diverse residents, numerous seasonal activities, and festivals. The four-day Mhatoba Utsav, a traditional festival celebrated in honor of the village deity, has been in practice for 450 years. Once known as a rich agricultural belt, the area grew crops like onions, groundnuts, sugarcane, among others. Today, along with the numerous seasonal activities, Wakad is a home for modern homes, wide pedestrian-friendly streets, filled with modern amenities, and perfect for living an active lifestyle!
Consistent real-estate growth and appreciation
Over the past couple of years, investment in residential homes at Wakad has given consistent returns and real-estate appreciation. While rapid growth in infrastructure, proximity to industrial hubs, and IT parks may be considered as immediate reasons, the area has a lot to offer to its discerning investors.
Take for example, the sprawling 100-acre Park Titanium in Wakad. Investment in these residential homes has proved to be profitable that has rewarded its investors over 18% in the past four years (Source: Housing.com).
Besides offering good gains, easy accessibility, world-class amenities, and modern infrastructure, the residential properties in Wakad are clearly on a up move in terms of investment appreciation from a medium-term perspective and long-term horizon.