Wakad is a suburb located in the west of Pune. It comes under the municipal limits of Pimpri-Chinchwad Municipal Corporation which offered it a full-fledged drainage system and provided electricity, water and good roads. It is considered as one of the fastest developing locality of Pune. It is the first locality to gain significantly from the IT boom in Pune. Pimple Nilakh, Pimple Saudagar, Aundh, Balewadi, Rahatani, Thergaon, Hinjewadi, Tathawade are some of the prominent localities located close to Wakad. Presence of a good amount of agricultural activities in the surrounding areas led the PCMC to take charge of Wakad, whereby the locality got electricity, water and good roads. In today’s times the civic infrastructure at Wakad is one of the best. Close proximity to the IT Park at Hinjewadi and to the Expressway has led to tremendous developmental activities in and around Wakad. The location have witnessed substantial growth and improvement in infrastructure and facilities which have attracted local as well as NRI investors in the area. The rental demand is also high and most of the buyers look forward to earn extra monthly income through rent. Development of Aundh in the neighbourhood is the primary reason for the growth of Wakad. Some of the key resiential projects in Wakad are Pride Purple Park Titanium, Chandrarang La Melosa, Unicorn Nisarg Belrose, Satish Bora Crystal Heights, Aswani Galaxy among others.
Connectivity
It is also close to three proposed Bus Rapid Transit (BRT) routes, namely Nashik Phata-Wakad, Aundh-Ravet and Kalewadi phata-Dehu Alandi road. Construction of the BRT corridors is currently under progress.
Dange Chowk Road, Hinjewadi Road, Wakad Chowk Road, Datta Mandir Road, Wakad – Bhosari Road, Aundh – Ravet BRTS Road passes through the locality which further connects it to the Mumbai-Pune Bypass Road.
It enjoys excellent connectivity to Pune International Airport which is at a driving distance of 21.7 km via Aundh-Wakad Road/Hinjewadi-Aundh Road.
Kasarwaadi (9.4 km), Dapodi (10.3 km), Pimpri (7 km) , Chinchwad (7 km), Akurdi (7.6 km), Khadki (10.8) are the nearby railway station. However, both Pimpri and Chinchwad are its nearest railway station located at a distance 7 km respectively.
Factors for past growth
With its proximity to Mumbai-Pune Expressway and the thriving IT hub of Hinjewadi, as well its accessibility from the PCMC industrial area, Wakad now attracts a lot of young end users as well as NRI investors. A fair number of workforce work in nearby IT Hubs, wanted to have their residences close to their workplace. Thus, driving residential demand and consistent rental yield. In the recent past, 2 BHK flats for rent have get momentum in Wakad.
In the last decade, the Pimpri Chinchwad Municipal Corporation (PCMC) has granted the maximum number of building permissions for projects in the area to Wakad and its surrounding areas. As a result, huge residential developments were seen in the area.
Infotech and Biotechnology park at Hinjewadi close to in the Pune-Mumbai Expressway (west) have played major role in the phenomenal growth of Wakad.
Located close to the Mumbai-Pune Expressway, Nashik Phata-Wakad, Aundh-Ravet and Kalewadi Alandi road, Wakad enjoys great connectivity with nearby areas.
Proposed & Planned Infra
Proposed Bus Rapid Transit (BRT) system for Wakad.
Employment hubs near Wakad
Rajiv Gandhi InfoTech Park (Approx 7 km)
DLF Akruti IT Park (Approx 10 km)
Panchshil Tech Park (Approx 4 km)
International Tech Park (Approx 9 km)
Infrastructural Development (Social & Physical)
Wakad offers best in class Civic infrastructure. Some of the good quality schools in the locality are Euro School, Serra International Pre-school, Podar Jumbo Kids, Mercedes-Benz International School, Indira National School and Smartkidz Play School. It also houses some reputed colleges in its vicinity. These are IBMR College, Indira College of Commerce & Science, Rajarshi Shahu College of Engineering, Pimpri-Chinchwad College of Engineering, Balaji College of Arts, Commerce, and Science, Indira College of Architecture & Design among others.
Healthcare facility is also good in the locality. Some of the famous hospitals in the vicinity are Polaris Healthcare, Lifepoint Multispeciality Hospital, Global Multispeciality Hospital, Apex Hospital, Lotus Hospital, Surya Mother and Child Care to name a few.
Vision 9, Central Mall, City One Mall, One Mall, WestEnd Mall, Suyash Mall, Atria Mall and Optimus Shopping Mall are located nearby areas which serves the daily needs of the resident of Wakad and its neighboring localities. Apart from that, it also houses retail outlets of national and international brands such as Gurukrupa Retail Outlet, J.C. Retail India Pvt Ltd, Chroma, Raymond Retail Shop, Peter England, V-Mart, My Jio Store, Reliance Digital to name a few.