Before buying or investing in any property, one needs to consider the functioning of significant factors like location, connectivity, civil administration, healthcare facilities amongst the available choices. A well-located residential area not only helps in work and life balance but also provides healthy living environmental conditions. It is essential to do proper research about the city; one is going to invest the hard-earned money.
Wakad is located in the western part of Pune, one of the fastest-growing suburb area. Due to the close proximity to the IT corridor at Hinjewadi, the locality of Wakad has seen phenomenal growth. It is surrounded by all leading industrial, IT, and fast-growing commercial companies due to which it is easily accessible. Rahatani is centrally located near all the corporate hubs and high-end workplaces and is a prime location for residential locality.
While investing, one always thinks about fantastic returns, which becomes useful during a financial crisis or future needs. In Wakad, the lowest range for a multistorey apartment starts from Rs 5,445/- per sqft up to Rs 7,761/- per sqft. The average price for a residential house is Rs 7,351/- per sqft.
Whereas in Rahatani for multistorey apartment range from lowest to highest goes up to Rs 5,471- Rs 7,939 /- per sqft, which is almost the same compared to Wakad area.
Wakad and Rahatani both are close to the city’s IT hub and industrial zone. With the emergence of MNC’s, the corporate sector, and social infrastructure like schools and colleges, the demand for working professionals has increased in these areas. Due to employment opportunities, a rapid demand for residential areas has also increased within no time. Rajiv Gandhi IT Park, Tech Mahindra, Wipro, Siemens, IBM, Cognizant, International Tech Park, and many more world-renowned companies have marked their presence in both the areas.
Rahatani is well connected by all means of transportation. Mumbai Bengaluru Highway, Pune Nasik Road, combines the high demanding area in no time. Be it be rail, airport, or bus facility, and the place is well connected due to good roads. Personal vehicle is not required to move within the city.
Wakad is 3kms away from Hinjewadi. It is well connected with all the prime locations of Pune. The Pimpri Bypass, Pimpri to Industrial area, and Super Express Highway to Mumbai are also accessible from Wakad. With the construction of new flyovers, traffic congestion will lessen more. With the construction process underway Pune Metropolitan Region Development Authority (PMRDA), the proximity areas will be well connected through major Metro stations.
Wakad and Rahatani both have emerged as a prime location for the residential area within the span of the last five years. Due to continuous development around both locations, investment choices are favorable, and appreciation in property will give good returns.
Subhalkash Residency, I trend life by Saheel properties and Kohinoor Group, Trinity Greens by Rajmata Realty are few of the ongoing projects at Wakad.
At Rahatani, major construction projects are underway by leading real estate companies like 5 Star Royal Mystic, Legacy Aura, Namrata Life 360, providing well designed and superior quality residences.
Area in and around Wakad and Rahatani have emerged as a new cosmopolitan location, which is high in demand. Earlier, there were few villages, but because of constant advancement, the area has turned into an urban suburb. Wakad provides a better living experience in terms of accessibility, transportation, schools, colleges, hospitals, and other facilities. It also comes under PCMC due to which ongoing development regarding good roads, metro links, Mumbai Pune Hyperloop makes it a more convenient and cost useful place to live.
Rahatani is also a suburb of the Pimpri Chinchwad area, which is connected with other nearby suburbs. Pune Mahanagar Parivahan Mahamandal Limited (PMPML) operates the public transport system in this area. Due to the PMRDA plan of Metro lines connecting Hinjewadi to Shivaji Nagar, will also link Rahatani with other areas of the city. Maharastra Government is also planning to construct a new airport at Chakan, which is nearby. It is also enclosed by excellent schools, colleges, healthcare facilities, and other social infrastructure.