Pune is the heart city of Maharashtra which is a primary choice for buyers. Wakad is a newly developing area located in the northwest part of Pune. Wakad covers a total 570m area of the city. Wakad is now slowly emerging as a home to popular IT companies.The rise of the IT sector has been a key catalyst in reshaping Wakad. Its close proximity to Hinjewadi has spurred improved infrastructure and a rising demand for Commercial properties.
By reading this blog, you get enormous data about spaces available on FloorTap.
Connectivity
Wakad is a great place for people seeking a traffic-free green environment close to their working hub. The area has a good public transport system connecting the neighborhood commercial hubspots. The Hinjewadi-Shivaji Nagar Metro passes Wakad making it a major transportation for working professionals. The locality also has other transportation facilities including Pune Junction Railway Station (17 km) and Pune International Airport (23 km). Other than this, the locality is surrounded by Xion Mall (4 km), Westend Mall (8 km), and City One Mall (7 km). ‘
Social Infrastructure in Wakad
Wakad boasts renowned educational institutions, hospitals, restaurants, retail joints, and entertainment hubs. Residents can enjoy the convenience of having all their needs within easy reach, eliminating the need for extensive travel.As the residential population in this area continues to surge, it establishes a seamless connection to a readily available workforce. When businesses invest in commercial spaces, setting up offices becomes a natural progression. With more offices in the vicinity, employees find it convenient to reside nearby, reducing travel expenses for both employers and staff.
This locality becomes a beacon for Ease of Doing Business (EODB), where the thriving residential community ensures easy accessibility for the workforce, fostering a business-friendly environment.
Swift connectivity is a pivotal factor in a location’s development. Wakad, situated near NH-4 and the Pune-Mumbai Highway, boasts excellent links to key areas in the city like Aundh, Baner, Pashan, Shivajinagar, and beyond.
Let’s also have a look on the data of last 12 months
- Total Stock – 0.51 (in MSF)
- Lease (last 12 months) – 0.01 (in MSF)
- Sale (last 12 months) – 0.05 (in MSF)
Top tenants in Wakad
Some investors look for developing spaces to establish their business to grab the great opportunity of less traffic and a stress-free environment. Wakad is one such place situated on the outskirts of Pune having excellent connectivity to neighborhood areas. Here’s data of #5 reputed tenants running their business successfully in Wakad.
- Lupin
- Emcure
- PayUbiz
- Customized Energy Solutions
- Yan IT Solutions
Furthermore, you can have a glance at the average rental rate of those buildings.
| Tenants | Average Rental (Chargeable in INR/ sq ft) |
| Lupin | 64 |
| Emcure | 72 |
| PayUbiz | 92 |
| Customized Energy Solutions | 79 |
| Yan IT Solutions | 41 |
Price Trends in Wakad
As developing areas undergo urbanization and improvements, there is a growing demand for housing and commercial spaces, presenting investors with the chance to capitalize on a rising market. Moreover, as the area is under development, it grabs the attention of investors looking for low-investment buildings for long-term business. Check the list of #3 expensive buildings situated in Wakad:
- Pride Purple Square
Average Rental – 149 (INR/ sq ft)
- Solitaire Business Hub (Wakad)
Average Rental – 99 (INR/ sq ft)
- GO Square
Average Rental – 77 (INR/ sq ft)
Developing areas often draw a younger demographic in search of affordable housing, presenting investors with opportunities to generate rental income amidst increasing demand for rental properties. Those who recognize the potential in developing areas early on can benefit from lower entry costs and ride the wave of growth as the area develops.
Wakad, hosting renowned business organizations, provides a lucrative investment landscape. Investing in developing areas offers portfolio diversification, mitigating risk by spreading investments across diverse asset types and locations.
Explore the data on occupied buildings and their rates for a comprehensive view.
- Latest Office Lease Transaction
| Date | Brand Name | Building | Rental (Chargeable in INR/ sq ft) |
| Aug-23 | Ent Business World Media | Bhakti Genesis | 62.9 |
- Latest Office Sale Transaction
| Date | Brand Name | Building | Capital Values (Chargeable in INR/ sq ft) |
| Jan-23 | Metrohm India | Wakad Business Bay | 9,341 |
Why Do We Recommend Wakad for Your Next Office space?
Wakad is a developing area having seamless connectivity and excellent social infrastructure. FloorTap provides you with the data of some highly recommended spaces in Wakad including The Address Commercial, Anand Commercial Complex, T-junction, Hawares Grand Heritage, Crossroads, and many more. These spaces provide top-notch amenities making sure that you have a luxurious lifestyle.Considering all these reasons, Wakad is undoubtedly a primary choice for buyers seeking space in developing areas. Have a look at other spaces available in FloorTap, which is a highly recommended commercial marketplace with verified supply and demand listings.
