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Pimpri Chinchwad region is an integral part of Pune and has recorded positive numbers when it comes to property market. Wakad is one of the flourishing localities, growing at a faster pace and has a compelling ground owing to the presence of both manufacturing and services sectors. The city also comes in the ambit of industrial growth due to the forthcoming projects of Infotech and Biotech Parks. It is located in proximity to the Pune- Mumbai Expressway that makes it desirable among the property buyers. This has influenced the Pune Municipal Corporation to permit the construction of maximum number of residential projects here. Wakad is located in vicinity to three prospective Bus Transmit Routes that include Nashik Phata-Wakad, Kalewadi phata-Dehu Alandi road and Aundh-Ravet road which are currently under construction and will definitely boost the property market once it is operational. New Launches 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 to the IT hubs of the city, which has garnered the investor sentiments at this location. Take a look at some of the most talked about new projects in the locality. Mont Vert Vivant Renowned builder Mont Vert Homes launches its new residential cum commercial project named Mont Vert Vivant in Shankar Wakad. Located strategically near the central business district of the city, Mont Vert Vivant offers 2 BHK apartments and commercial spaces, which are available in the area range of 1058 - 1166 Sq. Ft. with prices ranging between Rs. 60.31 - 66.46 Lac. Mont Vert Vivant is spread across 1.5 acres and has 1 residential tower, having 12 floors. The project offers 86 units for 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 offer 3 and 4 BHK homes, ensuring a high quality of life. Total number of available units is 528. The apartments are available in the size range of 1624 - 2600 Sq. Ft. and the price range is Rs. 1.3 - 1.5 Crore. It’s a ready to move in project which has 11 residential towers, each with 13 floors. Pride Purple Park Titanium sprawls across 9 acres of land. 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% since 2013. In 2017, 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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