Why Wakad has Emerged as a Popular Neighbourhood for Real Estate Investors

By Lodha

Buying a home is more than just a personal milestone- it is also a significant investment. Whether you are a first-time homebuyer or a seasoned investor, choosing the right home allows you to create a comfortable space while also capitalising on your investment. Over the last few decades, Pune has emerged as a city that allows residents to create spaces that align with their lifestyles and invest in a dynamic real estate market. However, just like any other major city, Pune is also home to suburbs that are more fruitful from an investment standpoint than others. Wakad is one such locality. The area has become popular amongst young professionals and growing families. Living in Wakad offers many perks, such as proximity to commercial hubs, ample connectivity, access to world-class infrastructure, and more. Investing in real estate in the area can also be an asset to one’s portfolio. Here is a brief explainer on why Wakad is gaining favour amongst real estate investors:

Thriving Real Estate Market

A locality or area is a microcosm that operates within the larger framework of the city. Wakad’s popularity amongst real estate investors is closely linked to the city’s thriving real estate market and dynamics that provide positive outcomes. Today, Pune is an established IT hub, drawing residents from all over the country. As a result, the city’s residential sales reached an all-time high in CY 2024. The city experienced a 6% YoY growth, mainly attributed to growing demands within the IT sector and upgraded infrastructure. The Western Zone of the city, including Wakad, witnessed a 49% YoY increase in H2 2024. This uptick was largely a result of the location’s proximity to IT hubs like Rajiv Gandhi IT Park, Baner, Balewadi High Street IT Park, and more. On the infrastructural front, projects like the metro corridor and highways have improved Pune’s appeal as a residential haven.

Connectivity

As far as connectivity and infrastructural upgrades are concerned, recent developments in these areas have also helped boost Wakad's appeal as a prime location for real estate investments. Wakad is close to Pune’s major highways and robust road network, including the Pune Highway (NH48), Hinjewadi Road, Aundh–Ravet BRTS Road and Wakad–Bhosari BRTS Road. Similarly, it allows residents to access modes of public transport like the railway network via stations located at Chinchwad, Pimpri, Akurdi, and more and the metro services via the PCMC Metro Station on Pune Metro’s Purple Line and the upcoming Hinjewadi-Shivaji Nagar Metro line. Wakad is also only 20km from the Pune International Airport, facilitating easy air travel for residents. In today’s day and age, when time is precious and commuting can be a challenge, Wakad’s connectivity makes it a lucrative real estate investment.

Price Growth

Making an investment decision, especially one as capital-intensive as real estate, involves looking at numbers that indicate progress. Wakad’s realty market showcases price growth, and the numbers are a testament to just that. Currently, Wakad’s average property rate is approximately Rs 7,550 per sq. ft. The property rates in Wakad have only risen over the last five years, marking a growth of 16%. At present, the price trends indicate that a 1-year increase can lead to 5.6% growth, and a 5-year increase can yield 16.2% growth. On the other hand, purchasing rates for high-end apartments are reasonable when compared to other major cities like Mumbai and Delhi. The price rate and growth dynamics in Wakad indicate a strong market headed for an upward trajectory. Investors can purchase spacious homes at relatively reasonable rates and enjoy a fruitful return on investment after sufficient time has passed.

Return on Investment

It is often said that an investment is only as good as the returns it can fetch you. A real estate transaction is a capital-intensive affair. As a result, it is good practice to consider the potential to earn returns before taking the plunge. Wakad is a thriving and multi-faceted suburb in Pune and offers investors the opportunity to earn substantial returns. As of 2024, the rate of appreciation on properties in Wakad was an impressive 7.6%- a testament to the locality’s burgeoning popularity in the real estate market. If you invest in a lavish apartment in Wakad and put it up on the rental market, you can leverage the area’s high rental yield to earn substantial passive income. Rental yield is the return you earn by putting up real estate investments on rent and is usually expressed as a percentage of the property’s value. As of last year, the rental yield in Wakad was around 10%, one of the highest in the city. As an investor, even if you plan on purchasing a home in Wakad purely for your portfolio, you can rest assured it will fetch you returns on the rental market.

If you want to harness the area’s investment potential, then Lodha’s upcoming project in Wakad is the perfect fit for you. At Lodha, we deliver impeccably designed and constructed residential projects that cater to the specific demands of our diverse clientele. Our new residential project in Wakad, Lodha Altero, is no different. Built on sprawling premises featuring spacious units and world-class amenities, Lodha Altero helps you leverage Wakad’s appeal and make a worthwhile investment.

Invest in a spacious home and build a beautiful life at Lodha Altero.