Hi, Is it good locality for investment? How is social and physical development in the locality? Which are it's neighboring areas and under which local body it comes?
Gus evening Rajiv, As far as location and infrastructure development is concerned, Yes, Wakad is one of the top investment destination in Pune, owing to the vast urbanization by the Pimpri-Chinchwad Municipal Corporation. Located under the PCMC, it is surrounded by the growing townships of Aundh and Pimple Nilakh to its west and east respectively and Tharegaon and Mula River to its north and south. The Pimpri-Chinchwad Municipal Corporation has put in all the hard work and planning in completely transforming Wakad from a farming community to an industrial hub of the city.
You are right ..... Wakad is closest localities to Hinjewadi IT hub. Being the entry point of Pune, Wakad has witnessed improvement in infrastructure and facilities which has attracted investors to the area. Since the rental demand here has always remain high, majority of the buyers here are those who are looking to earn extra monthly income through rent. You can easily get a 2BHK apartment of 700-900 sq-ft in Rs.50 lacs and rent expected- up to Rs 25000/month with 1-1.5 lacs with security deposit.
Hi Mahesh, Are you looking for investment or for end use because prices in Wakad has been flat for a long time due to which the rental incomes are neglected. According to me prices will take a long time to see the rise. But if you are buying for end use purpose then i must say "yes".
Hi Mahesh!! Mont Vert Sonnet is a new project by Mont Vert Homes located at Wakad in Pune. Yes, it is still in pre-launch phase. It offers 100 units of 2BHK from 872-955 sq-ft. 30% of total area will be open in this project. Price range of this project will be Rs.52-57 Lakh onward. Pre-launch price will be Rs.4799/sq-ft. while launching price will be Rs5099/sq-ft.