Balewadi – Wakad Corridor: Preferred Investment option in Pune
Balewadi – Wakad corridor has emerged as one of the upcoming real estate destination in Pune. This area has a huge demand for the mid – segment housing. Infrastructure developments, employment opportunity and easy connectivity to the central areas of the city are the major reasons for the growth of real estate in this corridor.
Connectivity to other areas:
Balewadi – Wakad stretch is located in West Pune and is a preferred residential location with a close proximity to the Pimpri-Chinchwad Industrial area, the Mumbai-Bangalore Bypass and Biotech and InfoTech Park at Hinjewadi. This corridor has a good bus service to the areas like Pune Municipal Corporation, Pune Cantonment, Chinchwad, Alandi, Aundh, Pimple Saudagar and Pimple Nilakh, Chinchwad railway station is situated at a distance of 12 kms.
The Balewadi-Wakad belt, connected to the major highways not only provides the good connectivity to the neighborhood areas, but also provides easy connectivity to Mumbai and Bangalore. This makes this corridor a preferred location for the end-users as well as the short term and long-term property investors from Mumbai and other cities.
Infrastructure developments:
The upcoming, 120 ft wide Baner – Balewadi – Wakad road is under construction, it is 200 mts from the Mumbai – Pune Expressway and is expected to be functional by 2016. Other than this a flyover starting from Dangri Chowk in Wakad connecting Vishal Nagar in Pimpali Nilakh is under construction. According to experts, the real estate market of Balewadi – Wakad corridor will see a drastic change, once this road and the flyover will be functional.
With all these infrastructural developments and the emerging commercial and retail hubs in the close vicinity, investing in property in this area will be more favorable for the end – users.
Upcoming projects and property prices:
The present property values in Balewadi ranges in between Rs. 5200 – 5900 per sq ft, and the range for Wakad is Rs. 4450 – 5300 per sq. ft. Six percent of the new residential launches in the city are on this five Km long corridor and 50 % of these projects are in the range of 65 lakh to Rs. 1 crore. Approximately 25 residential projects will be ready for possession by the end of 2014.
The developers, which have undertaken construction activities on this corridor, are Pride Purple Properties, Kalpataru Ltd, Ganraj Associates, Bhojwani Homes, VP Builders and Developers, Manikchand Vasudha Developers, Adi Properties, Marvel Realtors and Kakkad Development. The area is offering one, two, three and four Bhk apartment units with all the modern facilities like LPG gas connection, power backup, contemporary entrance lobby, tight entrance lobby, swimming pool, gymnasium, clubhouse, firefighting systems etc.
Advice for the buyers:
If you are looking to buy a 3 or 4 Bhk apartments close to the central areas and easy accessibility to your workplace, you can find your dream home at the Wakad – Balewadi belt. Not only the connectivity but also you will get a larger apartment with all the modern amenities at a considerably lower price. Even the buyers/ investors from Mumbai are finding a great value in Wakad – Balewadi Belt, as they are getting larger apartments at comparatively much lower rates.
Read Real Estate News:
Maximum building permissions granted for projects in Wakad
Baner-Balewadi belt emerges as favourite investment destination
Adi Properties, Balewadi – Wakad corridor, Bhojwani Homes, Chinchwad railway station, Dangri Chowk in Wakad, Ganraj Associates, Kakkad Development, Kalpataru Ltd, Manikchand Vasudha Developers, Marvel Realtors, Mumbai-Bangalore Bypass, Pride Purple Properties, Pune realestate, upcoming projects in pune, Vishal Nagar in Pimpali Nilakh, VP Builders and Developers
