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If you are a homebuyer considering to invest in the properties off the Mumbai-Pune Bypass Road in Pune, it can be a great idea to invest in areas like Wakad. This is the emerging market which offers properties catering the demands of the mid income homebuyers perfectly. Wakad is coming up as the latest property hotspot of Pune, as it offers apartments in the varying price ranges. It is located close to Mumbai-Pune Bypass Road and assures proximity with the IT hubs of the city, which has garnered the investor sentiments at this location. New Launches Wakad offers properties, of which most of them are ready to move or will be ready for possession soon. A number of builders and developers have tried their lucks here in Wakad and have been successful in fetching buyers for their properties. Average capital values in Wakad lie in the price range of Rs. 5,500-6,500 per sq. ft. It is not surprising to see that the strategic location of Wakad has also made it a preferable investment destination for tenants. Take a look at some of those new projects in the locality. Ganga Aurum Park Renowned builder Ecostar Goel Properties LLP launches its new residential project named Ganga Aurum Park in Wakad, Pune. Located strategically near the central business district of the city, Ganga Aurum Park offers ready to move in 2 BHK and 2.5 BHK apartments, which are available in the area range of 1090 - 1120 Sq. Ft. with starting prices of Rs. 65 Lac. Eisha Zenith is sprawled over 2 acres and offers 88 units on sale. Pride Purple Park Titanium Located at Wakad, Pune, Pride Purple Park Titanium is a new residential project by Pride Purple Group. Aesthetically designed 10 residential towers will offer 2 - 4 BHK homes, ensuring a high quality of life. Total number of available units is 500. The apartments are available in the size range of 1624 – 4230 Sq. Ft., where the price range is Rs. 1.2 to 1.5 Crore. It’s another ready to move project. Expert Speaks Om Ahuja, CEO - Residential Services, Jones Lang LaSalle India suggests that the availability of manufacturing and services sectors across Wakad makes it a standalone economic powerhouse in all respects, with a rate of job generation that is hard to match. The Bottom Line Wakad has witnessed a capital appreciation of no less than 22-26% and now, it is named among the most popular localities of Pune, having fetched a great number of homebuyers. The area is expanding and thus is expected to further boost the residential demands. Investors have been waiting long for the development of these fringes and the growth of Wakad has been substantial, ensuring great investment returns.
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