Avg. Rate
₹ 5,623/sq. ft
Locality Rating
4.5/10
Bhumkar Wasti Road is a developing residential and commercial corridor situated in the Wakad neighborhood of Pune, falling under the jurisdiction of the Pimpri-Chinchwad Municipal Corporation (PCMC). Historically a quieter part of Wakad, it has undergone rapid transformation due to Pune's urban sprawl and the growth of nearby IT hubs. The road serves as a vital link between established residential pockets and upcoming infrastructure, making it a key node in the region’s expansion. The area features a blend of independent homes, growing housing societies, and small-scale commercial establishments catering to daily needs. With Wakad emerging as a preferred destination for young professionals and families, Bhumkar Wasti Road has seen increased real estate interest, driven by relatively affordable property rates compared to central Pune and proximity to employment centers like Hinjewadi IT Park. Connectivity is a major strength, with easy access to the Mumbai-Pune Expressway, Hinjewadi Rajiv Gandhi IT Highway, and the upcoming Pune Metro Line 3. Social infrastructure is steadily improving, with schools, healthcare centers, and retail options within close reach, enhancing the overall livability of the locality.
Region
Wakad
City
Pune
District
Pune
State
Maharashtra
Pincode
411057
Population
1,50,000
Nearest Airport
Pune Airport (PNQ)
Close to IT hubs, offering a potential for high rental yields.
Ongoing urbanization leads to improved facilities and infrastructure.
Presence of shopping centers, parks, and recreational areas.
Increasing interest from homebuyers and investors due to development.
Dependence on personal vehicles with limited public transport options.
Normalized to 100 · Oct 2020 baseline
Timeline
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Timeline
Average Rate
₹ 5,623/sq. ft
Average Price Range
₹ 3,050 – 10,334
Trend (5Y)
▲ 48.8%
Rates and Trends
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The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in


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