173 West Oak

Wakad is a rapidly growing residential suburb in western Pune, bordered by Hinjewadi, Tathawade, and Baner. The pin code of Wakad is 411057. This area houses mostly IT professionals and families, with Phoenix Mall of the Millennium serving as a major landmark. Families send children to Wisdom World School and visit Lifepoint Multispecialty Hospital for medical emergencies. The upcoming Wakad Chowk Metro Station on Pune Metro Line 3 is located directly within the locality. The Mumbai-Bengaluru Highway links the area to Chinchwad Railway Station, which is nine kilometres away. Property rates in 2026 average Rs. 7,500 to Rs. 9,800 per sq ft for multi-storey apartments, driven by the nearby Hinjewadi IT hub.

What's Good in Wakad

• Wakad Chowk Metro Station on Line 3 provides quick travel to Hinjewadi IT Park.
• Lifepoint Multispecialty Hospital on Kalewadi Phata Road offers 24-hour emergency medical care.
• Phoenix Mall of the Millennium on Dutta Mandir Road has diverse retail brands.
• Wisdom World School near Bhumkar Chowk offers high-quality ICSE education to local children.
• Wakad PCMC Park provides clean walking tracks and green spaces for morning exercise.

Why Should One Buy Property in Wakad pune

• Multi-storey apartments near Hinjewadi IT Park offer strong capital appreciation and high rental yields.
• The upcoming Wakad Chowk Metro Station will boost property values along the transit corridor.
• Properties near Mumbai-Bengaluru Highway attract premium buyers looking for easy intercity travel options.
• Investing near Phoenix Mall of the Millennium guarantees excellent long-term rental demand from professionals.
• Wakad offers more competitive property rates compared to neighbouring high-priced areas like Baner.

Why Should One Rent a House in Wakad pune

• Tenants enjoy quick travel to Rajiv Gandhi Infotech Park, saving valuable daily travel time.
• Gated societies near EuroSchool Wakad provide safe environments and excellent facilities for families.
• Living near Wakad Chowk Metro Station offers affordable public transit options across Pune city.
• Rental homes near Dutta Mandir Road provide easy access to local vegetable markets.
• Apartments near Kalewadi Phata Road offer budget-friendly rental options for young working professionals.

Wakad has transformed into a highly sought-after residential hub in western Pune due to its closeness to major IT corridors. Property values have shown steady growth, with buyer prices appreciating by 3.0% over the past year to reach Rs. 7,500 to Rs. 9,800 per sq ft. Simultaneously, the rental market has experienced a strong upward trend, registering a 10.1% annual increase. Monthly rentals now range from Rs. 16,000 to Rs. 38,000 depending on the society. This consistent demand from working professionals guarantees high occupancy rates and attractive yields for property investors. (* As of August 22, 2026)

• Phoenix Mall of the Millennium: This massive shopping destination features numerous international retail brands and a large food court. Visitors spend their weekends shopping, dining, and watching movies at the multiplex cinema. It serves as the primary entertainment hub for families in the area.
• Wakad PCMC Park: This public park features well-maintained jogging tracks, children's play areas, and lush green lawns. Local residents visit in the mornings and evenings for exercise and relaxation. It offers a peaceful escape from the busy city streets.
• Thergaon Boat Club: Located a short drive away, this recreational spot offers boating facilities on the Pavana River. Families visit to enjoy pedal boat rides and relax in the adjacent landscaped gardens. It is a popular weekend picnic destination for locals.
• Vision One Mall: This commercial complex houses popular restaurants, cafes, and retail stores. Visitors enjoy dining with friends and shopping for daily essentials under one roof. It is a lively spot for evening hangouts and casual meetings.
• Chaturshringi Temple: Located within driving distance, this historic hill temple dedicated to Goddess Chaturshringi attracts many devotees. Visitors climb the stone steps to offer prayers and enjoy panoramic views of the surrounding hills. It holds immense cultural significance during the Navratri festival.

Phoenix Mall of the Millennium is a prominent landmark in Wakad. Some more include:

• Wakad Police Station
• Sayaji Hotel
• Mhatoba Mandir
• Dutta Mandir
• Kala Khadak
• Bhumkar Chowk
• Dange Chowk

Road Connectivity

Wakad is well-connected through Mumbai-Bengaluru Highway and the following roads:

• Kaspate Wasti Road
• Dutta Mandir Road
• Kalewadi Phata Road
• Hinjewadi-Wakad Link Road
• Thergaon Link Road

Public Transport

Wakad Chowk Metro Station on the Pune Metro Line 3 is the closest public transit option, located 0.5 km away. Some more include:

• Pimpri Metro Station, District Court Line, 8 km
• Wakad Chowk Bus Stop
• Bhumkar Chowk Bus Stop
• Dange Chowk Bus Stop

Proximity to Airport and Railway Station

The nearest railway station and airport are Chinchwad Railway Station, which is located 9 km away, and others:

• Pune Junction Railway Station, 16 km
• Pune International Airport, 21 km