The Upcoming Residential Projects in Wakad, Pune

If you have been seeking to buy a flat in Pune, then there are many residential localities that you can explore. Among the upcoming neighborhoods, Wakad is the fastest developing locality in the Pune region. The following article is going to discuss about Wakad as a residential colony and its latest real estate developments.

Wakad as a Residential Locality

Located in Pimpri-Chinchwad in the district of Pune, Maharashtra, Wakad has been undergoing infrastructural improvements. It is experiencing growth due to the establishment of the Rajiv Gandhi Infotech Park and International Biotech Park at Hinjewadi near the Pune-Mumbai Expressway in the west. The IT Parks house many global IT firms like Infosys, TATA Technologies, KPIT Cummins, Synechron, TCS, Wipro, Atos, IBM, Tech Mahindra, Siemens and Cognizant. This is the reason why an increasing number of professionals are migrating and settling in this area.

There is Pimple Nilakh, Aundh and Pimple Saudagar towards the east of the region; Baner, Balewadi and Pashan in the south; while Chinchwad Thergaon, Ravet and Akurdi lie in the north. The overflow in these residential colonies is promoting Wakad as it is reasonably priced and offers a wide range of residential units. There are many schools, colleges, shopping malls and hospitals nearby.

Let us take a look at the new and upcoming housing ventures in Wakad.

The Townships and Group Housing Societies

Wakad is mainly constituted by apartments and group housing developments. So if you wish to buy a flat in Wakad, the given residential societies are options to reckon. The following are a few of the many (nearly 24) upcoming residential projects in Wakad:

• Skyline – This project is offering 2 and 3 BHK apartments. The 2 BHK apartments cover an area of 878 to1065 square feet and are available for purchase at Rs. 48.4 Lac to Rs. 57.9 Lac. The 3 BHK flats cover 1301 to1345 square feet of area. These apartments are available for purchase from Rs. 70 lac to Rs. 72.2 Lac and will be ready for possession in the month of December 2014.
• Pristine Prolife – This residential development is also offering 2 and 3 BHK apartments in Wakad. The 2 BHK homes cover 1170 to 1466 square feet of area and can be purchased between Rs. 68.2 Lac and Rs. 87.4 Lac. The 3 BHK flats cover an area of 1470 square feet to 1751 square feet and are priced at Rs. 84.1 Lac – 1 Crore. These flats will be ready for possession by end of 2013.
• Malpani Greens – The new project is providing 2 BHK apartments covering 1206 square feet of area at Rs. 70.6 Lac. Developed by Malpani Estate, the township also consists of 3 BHK homes that cover an area of 1585 square feet and are priced between Rs. 88.7 Lac and Rs. 91.5 Lac.
• Keyzwoods – The 1 and 2 BHK apartments available in this development are priced between Rs.30.3 Lac to Rs. 58.4 Lac. The 1 BHK apartments cover 545 to 562 square feet and cost about Rs. 30.3 Lac to Rs. 31.2 Lac. The 2 BHK apartments covering space of 829 square feet to 1106 square feet are available for purchase between Rs. 44.8 and Rs. 58.4 Lac. Their possession is due in December 2013.
• Park Titanium – This venture includes 3 bedroom apartments covering a total area of 1610 square feet to 1805 square feet. These units can be bought at a price of Rs. 1.1 Crore to Rs. 1.3 Crore.

The above mentioned prices of real estate are according to the property trends for the month of August 2013.