Properties In Wakad Appreciate By Over 100% In 6 Years!

Wakad sits in the north-west part of Pune, in the PCMC region. Moreover, the properties Wakad appreciation story stands out remarkably — residential values in this neighbourhood grew by over 100% in just six years.

Notably, between 2010 and 2016, property prices in Wakad appreciated by a whopping 100%.

Source: Magicbricks.com

Wakad borders some of Pune’s top destinations like Hinjawadi, Balewadi and Pimple Saudagar. Furthermore, over the last few years, PCMC has introduced several infrastructure projects that have powered the area’s rapid transformation into a sought-after residential hub.

Let’s take a look at why this neighbourhood is becoming an attractive investment destination:

Properties Wakad Appreciation Trends

Excellent Connectivity in Wakad

Wakad features a well-planned road system that delivers excellent intra-city connectivity. In addition, frequent PMPML buses and rickshaws keep daily travel smooth. Consequently, the area becomes easily reachable from every corner of Pune.

In addition, Wakad is set to become a major stop in the Line-4 of the proposed Pune-Metro project.

Incredible Infrastructure Fueling Wakad Appreciation

Thanks to the growing demand for residential properties in Wakad, PCMC has announced many new infrastructure projects in the area.

Some of them are:

• A proposed BRTS line from Wakad to Nashik Phata
• Widening of the two-lane Wakad road to reduce traffic congestion
• Several flyover projects

IT Corridor and Real Estate Preference

• One of the main reasons behind the spectacular rise of Wakad as a residential destination is its proximity to the Hinjawadi IT Park.
• As the sector continues to grow, more people move into this area. Therefore, some of Pune’s top developers have already announced ambitious projects here.

Looking at all these factors, Wakad has clearly become a significant micro-market in Pune’s real estate sector. Therefore, if you are looking to invest, now is the right time — explore Kolte-Patil’s Wakad-region residential projects and our Kolte-Patil blog for more insights.

Western Avenue is registered with RERA under Registration No. P52100000917 available at website: http://maharera.mahaonline.gov.in

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