Wakad, Pune - Complete Area Guide
A rapidly developing residential hub with excellent IT park connectivity and relatively affordable housing options.
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About Wakad
Wakad has emerged as one of the fastest-growing residential destinations in Pune, offering a perfect balance of connectivity, amenities, and affordability. Located adjacent to Hinjewadi, Wakad provides easy access to some of Pune's largest IT parks while maintaining a residential character.
The area has witnessed tremendous development over the past few years, with numerous residential projects, shopping centers, and entertainment options springing up. Its strategic location and relatively lower property prices compared to Baner make it attractive for first-time homebuyers and investors.
Property Prices in Wakad
Minimum Price
₹5,500/sqft
Average Price
₹7,200/sqft
Maximum Price
₹9,500/sqft
Budget Range: ₹40 Lakhs - ₹2 Cr
Livability in Wakad
Connectivity
- Adjacent to Hinjewadi IT Park
- Good road connectivity
- Proposed Metro Line
- 18 km from Pune Airport
Social Infrastructure
- Orchid School, VIBGYOR
- Healthcare facilities
- D-Mart, Big Bazaar
- Multiple banks and ATMs
Employment Hubs
- Hinjewadi IT Park - 3 km
- Wakad IT Corridor
- Multiple IT companies
Lifestyle
- Phoenix Market City nearby
- Restaurants and eateries
- Sports complexes
Pros & Cons of Living in Wakad
Pros
- Closest residential area to Hinjewadi IT Park
- More affordable than Baner
- Rapidly developing infrastructure
- Good mix of budget and premium properties
- Strong rental market
Cons
- Heavy traffic towards Hinjewadi
- Some areas still developing
- Water supply issues in some pockets
- Crowded during peak hours
Top Projects in Wakad
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Godrej Infinity
by Godrej Properties
Price Range
₹75 Lakhs - ₹1.8 Cr
Config
2, 3 BHK
Lodha Belmondo
by Lodha Group
Price Range
₹1.2 Cr - ₹4.5 Cr
Config
2, 3, 4 BHK
VTP Blue Waters
by VTP Realty
Price Range
₹65 Lakhs - ₹1.5 Cr
Config
2, 3 BHK
FAQs About Wakad
Property prices in Wakad range from ₹5,500 to ₹9,500 per square foot, with an average of around ₹7,200/sqft. A 2 BHK apartment typically costs between ₹45 lakhs to ₹90 lakhs.
Wakad offers more affordable options and is closer to Hinjewadi IT Park, making it ideal for IT professionals. However, Baner has more established infrastructure and premium lifestyle options. The choice depends on your budget and priorities.
Wakad is just 3-5 km from Hinjewadi IT Park, making it one of the closest residential areas to the IT hub. The commute typically takes 10-20 minutes depending on traffic.
Some popular projects in Wakad include developments by Kolte Patil, VTP Realty, and other reputed builders. The area offers options ranging from affordable housing to premium apartments.
Yes, Wakad has a strong rental market due to its proximity to IT parks. Rental yields are typically 3-4% annually, with high demand from IT professionals and students.
Nearby Areas
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