Wakad, Pune

Wakad is one of the fast-developing and important suburbs of Pimpri Chinchwad in Pune, India. The Wakad Pin Code is 411057. Nearby areas are Hinjawadi, Patil Nagar and Balewadi. It is recognized for its well-planned location, connectivity with the city, and proximity to the Rajiv Gandhi Infotech Park at Hinjawadi. Hence, it has rapidly developed into a go-to area for IT professionals, expats, and families alike. People of various communities live in this neighbourhood, making it incredibly diverse, which is a perspective appealed to by many. The reason behind the swift development of Wakad Pune is the tech parks in Hinjawadi, which is a well-developed area that provides a number of employment opportunities. Wakad is also very close to the Pune-Mumbai Expressway. 

Physical Infrastructure of Wakad

The physical infrastructure in the Wakad area can be termed extensive, which makes it one of the more accessible areas in Pune. Major roads, namely, Mumbai Highway (NH-48) and Wakad-Bhosari BRTS Road, Aundh-Ravet BRTS Road, etc., integrate the Wakad area with other parts of Pune. Public transport facilities like bus services operated by Pune Mahanagar Parivahan Mahamandal Limited (PMPML) offer multiple bus routes, thus increasing mobility for the people residing in this area. Also, as per the Wakad Map, Wakad is in close proximity to Pune Junction Railway Station (17.3 km) and Pune International Airport (20 km), both of which are reachable within an hour. 

Social and Retail Infrastructure of Wakad

Wakad has one of the best social and commercial facilities that caters to the needs of the residents. Residents do not have to go far to receive their education as there are several top-notch schools in the area, such as Wisdom World School, Akshara International School, Mount Litera Kamal Pratishthan, and EuroSchool Wakad. Medical services are also available at Lifepoint Multispeciality Hospital, Surya Mother and Child Care Superspeciality Hospital, Ruby Hall Clinic Hinjawadi, and other practicing health centers. Residents of Wakad go to nearby Xion Mall, Nexus Westend Mall and City One Mall to fulfil shopping and retail needs. 

Real Estate Market Trends and Rental Demand in Wakad

The location, along with the connectivity of Wakad, has led to a dramatic rise in the demand for real estate in this region. The housing real estate market here is diverse, with the Wakad Property Rates between Rs. 6600 to 9700 per sq ft while the rentals are on average between Rs. 15,000-30,000. 

There is a high demand for rental properties in the area, predominantly due to professionals who are employed in the IT and business parks around Wakad. There are also notable schools and medical centres within reach, which makes it easy and favourable for families as well, hence boosting the rental market.

Top Employment Hubs near Wakad

Wakad’s strategic location makes it a prime residential choice for professionals working in Pune's leading IT and business hubs. Some of the top employment hubs near Wakad include:

• Infosys – 7.6km 
• Cognizant – 12km 
• Wipro Technologies – 6.5km
• Capgemini – 12km
• Tata Consultancy Services (TCS) – 11.5km

Famous Sub-Localities near Wakad 

Well-known sub-localities surround Wakad, each adding to its appeal as a residential hub. Some of these popular areas near Wakad include:

• Hinjawadi
• Patil Nagar 
• Balewadi
• Bhujbal Vasti
• Kaspate Wasti

Things to do in Wakad

Wakad’s bustling social scene offers numerous recreational activities for residents. Here are some top landmarks and things to do nearby:

• Mhatoba Mandir: A serene and historical temple dedicated to Lord Mhatoba, making it a perfect spot for spiritual reflection and community gatherings.
• Maharashtra Cricket Association Stadium: Home to numerous exciting cricket matches, this stadium is a must-visit for sports enthusiasts. Catch a live game or enjoy a stadium tour.
• Gateway of Landewadi: This landmark is known for its stunning architecture and serves as a popular photo spot for visitors. It's a great place to experience the local culture.
• Dnyanjyoti Savitribai Phule Udyan: A beautiful park ideal for morning walks and family outings. Enjoy the greenery and well-maintained pathways, perfect for relaxation.
• Vishrambaug Wada: A glimpse into Pune’s rich history, this heritage site showcases traditional architecture and offers insights into the region's cultural heritage.

What is Good about Wakad? 

• Well-developed Wakad infrastructure and excellent connectivity to Pune and nearby cities.
• Access to quality education and healthcare facilities within the locality.
• Proximity to top employment hubs like Hinjawadi’s Rajiv Gandhi Infotech Park.
• Availability of recreational and retail options for a well-balanced lifestyle.
• Future growth potential, with ongoing projects enhancing infrastructure and amenities.

What is not Good about Wakad?

• Inadequate water supply and occasional traffic congestion.
• Limited parking spaces in some parts pose challenges for vehicle owners.
• The roads have potholes, making commutes difficult.
• Garbage dumping practices on some roads lead to an unhygienic environment.
• Monsoon rains cause waterlogging on internal roads, hindering movement.

Despite these minor drawbacks, Wakad’s ongoing infrastructure development and its popularity among residents and investors indicate strong future potential for the locality. As upcoming commercial projects and transit options become operational, Wakad is likely to emerge as one of Pune’s premier neighbourhoods.