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Commercial Properties Under 1 Crore for sale in Nr. Munjoba Nagar Wakad, Wakad, Pune
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About Properties In Nr. Munjoba Nagar, Wakad, Pune for Sale
Overview of Wakad
- Wakad is a well-developed locality in the western part of City.
- It is one of the fastest growing localities among others in the Metropolitan Region.
- Wakad has emerged as a thriving real estate market with a variety of housing options.
- Various major infrastructural developments are upcoming in this locality, making Wakad good for real estate investment.
- It offers excellent connectivity and proximity to some of the major work hubs, benefiting working professionals.
- This enables the residents in Wakad to enjoy a highly convenient and balanced lifestyle.
- The popular Phoenix Marketcity Mall is also located in Wakad.
- The PIN Code for Wakad is 411057.
Wakad Residential Market Insights
- The average flat rate in Wakad is ₹ 8,800 per sq. ft.
- Wakad is not exclusively a posh area in as it comprises a variety of housing options from mid-segment to premium ones. Hence, the price range for properties in Wakad may vary as per the preference of the homebuyer.
- The average price of 1 BHK flat in Wakad can range from ₹ 44 lakh to ₹ 70 lakh.
- The average price of 2 BHK flat in Wakad can range from ₹ 75 lakh to ₹ 1 crore.
- The average price of 3 BHK flat in Wakad can range from ₹ 1.10 crore to ₹ 1.80 crore.
- The average price of 4 BHK flat in Wakad can range from ₹ 1.70 crore to ₹ 3.80 crore.
- The average price of 5 BHK flat in Wakad can range from ₹ 3 crore to ₹ 5.50 crore.
- The final price of a property will be depended on factors like total carpet area, the builder, and amenities offered.
- Due to the proximity to major IT hubs, commercial hubs, and connectivity nexus, Wakad is one of the best rental locations.
- An average monthly rental price of a property in Wakad is ₹ 18,000 - ₹ 98,000.
Connectivity and Transportation In Wakad
- Nearest railway stations to Wakad include Chinchwad Railway Station and Pimpri Railway Station. While Junction is approximately 18 km away from Wakad, it offers extensive connectivity to the locality.
- Metro near Wakad includes PCMC Metro Station and Sant Tukaram Nagar, which benefits working professionals significantly.
- Key roadways in Wakad include NH-48 (Bengaluru-Mumbai Highway), Wakad-Bhosari BRTS Road, and Aundh-Ravet BRTS Road. These roads offer easy access to the city, benefiting daily commuters.
- Public transportation options such as Autos, Buses, and Cabs are frequently available, providing convenient travel.
- Buses operated by PMPML (Mahanagar Parivahan Mahamandal Limited) offer connectivity to different parts of the city.
- Wakad is in good proximity to other key localities such as Pimple Saudagar, Thergaon, Hinjewadi, Baner, Tathawade, and Balewadi.
- International Airport is approximately 20 km away from Wakad.
Social Infrastructure In Wakad
- Reputed hospitals in Wakad include Lifepoint Multispecialty Hospital, Orion Multispeciality Hospital, Vatsalya Hospital, and Saijyoti Hospital & ICU.
- Popular schools in Wakad include Wisdom World School, Akshara International School, EuroSchool, and Kamal Pratishthan Mount Litera Zee School.
- Several Malls near Wakad, such as Xion Mall, Westend Mall, and City One Mall, fulfill the diverse shopping needs of the residents.
- There are many markets in Wakad, such as Raj Supermarket, Pankaj Supermarket, and Charbhuja Supermarket. These allow quick access to daily necessities, offering good convenience.
- Hotels in Wakad such as Wakad Villa Hotel, Hotel Ambience Excellency, Crystal Inn Hotel, Hotel Bramha Inn, etc, offer comfortable stays.
Employment Opportunities In Wakad
- Wakad is home to several large-scale industries, major IT/ITeS & BPO entities, automotive and biotechnology companies.
- Many employment giants such as Tata Consultancy Services, Infosys, Cognizant, Wipro Technologies, Capgemini, and Synechron Technologies have a presence in Wakad.
- The prominent IT Hubs of Hinjewadi and Baner are just 5 - 7 km away. This further boosts employment opportunities for the locals.
- Wakad is in good proximity to the popular Rajiv Gandhi Infotech Park in Hinjewadi. It is one of the commercial hubs that plays a key role in driving demand in Wakad.
- Major Industrial Hubs of Bhosari MIDC and Akurdi are only 8 km away from Wakad.
- Proximity to such major employment opportunities makes Wakad an attractive location, especially among working professionals.
Lifestyle In Wakad
- Wakad offers a highly convenient lifestyle.
- The locality provides easy access to daily necessities, proper civic facilities, and work hubs. This makes Wakad a good place to live for those looking for a comfortable and balanced living.
- The locality offers an affordable living, however Wakad can be expensive if a person is looking to enjoy a lavish and luxurious lifestyle.
- There are several recreational facilities in and near Wakad such as The Corinthians Resort, Meghavi Wellness Spa, INOX Megaplex, Therapeutic And Recreational Arts Centre, etc, offering a quality leisure time to the locals.
- Many greenspaces in Wakad such as Lakshmibai Barane Garden, PCMC Garden, Dnyanjyoti Savitribai Phule Udyan, Madhuban Garden, etc., allow residents to unwind, relax, and enjoy a refreshing walk.
Safety and Security In Wakad
- Wakad is a well-established and safe locality in .
- There are numerous police stations within easy reach for the locals in Wakad.
- Police patrolling is conducted regularly in different areas of Wakad, ensuring the safety of the locals.
- Public spaces, residential areas, and commercial areas adhere to important security measures. There are also CCTV surveillance and security personnels to monitor the activities in and around the premises.
Development and Future Prospects In Wakad
- The upcoming Red Metro Line will have a dedicated station at Wakad Chowk. This is expected to enhance to connectivity in Wakad.
- This Red Metro Line will be connecting Wakad to Hinjewadi and Civil Court.
- Several roads are planned by the civic body in Wakad with an aim to reduce traffic congestions and improve transportation.
- Various residential properties are being constructed to meet the increasing housing demand in Wakad.
- Several commercial and other employment hubs are planned and expected to improve real estate investment in the locality.
Cultural and Community In Wakad
- Wakad offer vibrant livelihood with a strong sense of community and cultural life.
- People from different backgrounds reside in Wakad harmoniously, promoting diversity and unity.
- Various religious places in Wakad include Shree Mhatoba Mandir, Shree Datta Mandir, Vittal Rukmini Mandir, Shree Chintamani Ganesh Temple, and Shiloh Church.
- Shree Swami Samarth Spiritual Center, Kalachhaya Cultural Centre, and Kalaayan Cultural Centre are some of the Cultural Centers near Wakad. These are known to host several cultural events, gatherings, various programs, etc.
Environmental Factors In Wakad
- Wakad is famous for its pleasant environment with the presence of lush greenery and scenic views. This is because along with modern facilities, Wakad also has ample of greenspaces that allow residents to enjoy a balanced living experience.
- There are several gardens and parks in Wakad that add to the greenbelt of the locality.
- The air quality in Wakad is fair to moderate. This is considering the presence of industrial areas nearby and ongoing constructions within Wakad.
Flat Configuration In Wakad
- Wakad offers flat configurations of 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK.
- 2 BHK is the most popular flat configuration by homebuyers in Wakad.
- Besides flats/ apartments, other housing properties in Wakad include Villas, Independent Houses, Independent Floors, and Plots.
- Some builders also offer bare shell units (with little to no furniture) that allow flexibility and easy customization to the homebuyers.
Property Price Growth In Wakad
- Properties in Wakad have witnessed 15.2% approx. price appreciation in the last 1 year.
- In the last 3 years, this increase in property prices has been around 25% approx.
- The growing demand and improving infrastructure in Wakad are expected to result in continued price increases in the near future.
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