Wakad, a suburb of Pune, which comes under the Pimpri Chinchwad Municipal Corporation (PCMC) limits, is one of the fastest-growing localities in the city. Wakad has become a hot property destination, for both residential projects and commercial projects, in the last few years. So what factors are driving this tremendous growth? Read on…
Real estate development push by PCMC
Gauging the potential of the strategic location of Wakad, PCMC, in the past few years, has granted the maximum number of building permissions for residential & commercial projects in Wakad and its surrounding areas. This has resulted in property development not only in Wakad but also a lot of new projects in Tathawade, a surrounding locality.
Proximity to IT Centre
Wakad is ideally situated in close vicinity to the Rajiv Gandhi Infotech Park in Hinjewadi which is home to world-class IT companies (Infosys Ltd, Tata Technologies Ltd., Cognizant, TCS, Wipro, Tech Mahindra, Cap Gemini etc.) and employs a workforce of lakhs of IT professionals. Staying in Wakad is the ideal option for many of these professionals and their families due to an easy commute and availability of quality residential properties.
Another equally important reason for Wakad’s growth is its excellent connectivity to Pune city and surrounding areas such as Pimple Nilakh, Pimple Saudagar, Ravet, Chinchwad, Aundh, Baner, Balewadi, Pashan, Hinjewadi etc. via public transport, Metro and roadways. Three Bus Rapid Transit (BRT) routes ply public buses on a regular basis. Wakad is very close to the Mumbai-Pune Expressway, making it a perfect stop for professionals commuting between the two cities. The Hinjewadi-Shivajinagar Metro Line 3, work for which will commence soon, will pass through Wakad further improving connectivity.
Wakad is the new education hub of Pimpri Chinchwad as it houses a lot of top-class educational institutes such as Balaji Institute, Indira College, JSPM College, Wisdom High School, Akshara International School, and Euro School etc. making it easier for a lot of skilled professionals to set up house for their families in Wakad.
Improving civic & social infrastructure
Over the years the quality of civic and social infrastructure in Wakad has improved considerably. Better roads, medical care, sporting facilities (Balewadi stadium), fine dining restaurants & cafes, retail & shopping options, entertainment avenues have all come up.
In addition to Wakad, its surrounding area of Tathawade is also seeing rapid growth. Proximity to Hinjewadi Tech Park, industrial areas of Talawade & Bhosari have made Tathawade a much in demand property destination. Proposed Metro connectivity, and upcoming infrastructure projects such as Phoenix Mall, Dmart, Decathlon, and World Trade Centre among others will further push real estate demand in the area.
If you’re looking for 3 BHK flats in Wakad, Pune, then do visit Vision Ace – a gated community spread over 7 acres in Tathawade, near Wakad. Vision Ace is a joint venture of Siddhivinayak and Jhamtani Group. Having constructed over 60 Lac sq. ft. collectively and with a successful track record of over 30 years, we have given Pune and PCMC some of its most remarkable projects. We offer smart homes in Pune that have been designed with top class amenities for superior living.
The launch of Vision Ace Phase 2 was so successful that our 2 BHKs are all sold out. Now only 3 BHKs are left. Anyway, why look for a 2 BHK flat in Wakad, Pune when you can get a 3 BHK at 2BHK price in Tathawade – Pune’s new premium address near Wakad? To know more about Vision Ace & the benefits of having a home there, please visit https://www.visionace.in/.