Luxury 4BHK for 1.9 Cr in Wakad - is it worth it

Q: Hi Forum,

I am looking at a 4BHK in Wakad, which is going to cost around 1.9 Cr. The cost is around 7800 per sq foot.

Can I expect any appreciation on this cost in the coming years?

The location is great for people working in HInjewadi, and the flat is spotless.

Thanks in advance for any inputs.

H P , Pune

9th July 2014

Locality Review in Wakad, Pune

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Replies (3)

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Sarvesh Vishwakarma,

7th July 2015

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Thanks dear for updating us but How much is the rate per sqft going on? What is the status of the approvals and when is the project expected to get completed?

Saurav Mishra, Pune

17th July 2015

Hi all,

Wakad in West Pune are seeing a lot of residential development because of the good connectivity with the key centers of the city and the presence of good social infrastructure like schools, hospitals, malls and entertainment centers.

The civic infrastructure in Wakad fall under the Pimpri-Chinchwad Municipal Corporation (PCMC).The area has efficient drainage systems, electricity and water supply.

Pravakar Saxena, Pune

10th July 2014

Comment

Hi Pravakar,
Apart from that the locality has major IT companies here include Infosys,TCS, Wipro, IBM, Tech Mahindra, Cognizant, Siemens and Mindtree among others. It has a well-developed social infrastructure including schools, hospitals and shopping malls close by.
Proximity to Hinjewadi IT hub, Pune Bypass,
Relatively affordable residential rates.
Well connected to the other parts of the city

Rohit Marathi, Pune

10th July 2014

Hi H P,
Wakad is one of the fastest growing localities in Pimpri-Chinchwad in Pune. Today, Wakad has everything best in the region. Many developers are launching townships and projects. because of the good connectivity with the key centers of the city and the presence of good social infrastructure like schools, hospitals, malls and entertainment centers. One can travel in buses of Pune Mahanagar Parivahan Mahamandal Ltd (PMPML). The property prices are expected to rise in near future. Now Pimpri Chinchwad Municipal Corporation took the locality under its wings and gave it a full fledged drainage system and provided electricity, water and good roads. The current property rate in the locality is between Rs. 5700-6000/sq-ft.

Rohit Marathi, Pune

10th July 2014

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