Introduction
Wakad, one of Pune's most rapidly expanding residential and commercial hotspots, has become a favorite among end-users as well as real estate investors. Due to its great location, good connectivity, and booming infrastructure, it has become a hub for rental demand. For property investors, the greatest query is: Which are the best places in Wakad to get the best rental yield?
In this blog, we’ll explore what rental yield means, why Wakad is a prime destination for property investment, and the specific micro-locations within Wakad that deliver the highest returns.
Understanding Rental Yield in Real Estate
Rental yield refers to the rental income paid in a year as a percentage of the property cost. Suppose you purchase an apartment for ₹70 lakhs and receive ₹21,000 each month in rent (₹2.52 lakhs per year). Your rental yield would be roughly 3.6%.
Average rental yield in Pune: 2.5% - 4%
Wakad rental yield range: 3% - 5% based on location and property type
This makes Wakad among the top-performing markets for Pune investors.
Why Wakad is a Rental Income Hotspot
Nearness to IT parks – Hinjawadi IT Park, May of over 2 lakh professionals, is within minutes of Wakad.
Great connectivity – Distant from Mumbai-Pune Expressway, new Metro Line, and BRTS corridors.
Strong opportunity – Shopping malls, schools, hospitals, and entertainment hubs are nearby.
Diverse tenant pool – IT professionals, students, working families, and couples generate high rental demand.
High appreciation potential – With ongoing development, property prices and rent revenues are likely to appreciate further.
Top Areas in Wakad for High Rental Yield
1. Kalewadi Phata & Dange Chowk
Good connectivity to Pune city and Hinjawadi.
Strong demand for 1 & 2 BHK apartments from IT professionals.
Average rental yield: 3.5% – 4%
2. Bhumkar Chowk & Near Phoenix Mall
Emerging retail & lifestyle hub in Wakad.
Favored by young professionals and couples.
High-end residential societies with consistent tenant demand.
3. Hinjawadi-Wakad Link Road
Direct road connectivity to IT Park and highway.
High rental rentals because of proximity to offices.
Yields a bit higher than other pockets.
4. Wakad Bridge & Highway Touch Locations
Both Pune city and Mumbai Expressway proximity.
Favored by working professionals and students because of easy commute options.
5. School & Family-Friendly Zones (Euro School, Akshara School, Indira Institutes)
Best for families who need quality education within reach.
More stability in the tenants, with long-term tenures.
2 & 3 BHK units do very well here.
Property Types with Best Rental Returns in Wakad
1 BHK Apartments
Most popular among bachelors and newly relocated IT professionals.
Average rent: ₹14,000 – ₹18,000/month
2 BHK Apartments
Strongest demand segment from small families and couples.
Average rent: ₹20,000 – ₹28,000/month
3 BHK Apartments
Preferred by established IT families and shared accommodations.
Average rent: ₹28,000 – ₹40,000/month
Commercial Properties (Shops & Offices)
High-end destinations such as Dange Chowk and Bhumkar Chowk are favored by retail and office tenants.
Yields are better but are subject to footfall and business activity.
Current Rental Rates & ROI Trends in Wakad
Rental growth has been steady, with 8–10% annual appreciation in select pockets.
Rental yield:
1 BHK – 3.5% to 4.2%
2 BHK – 3% to 3.8%
3 BHK – 2.8% to 3.5%
With future metro connectivity, yields are likely to further enhance in the next 3–5 years.
Tips to Maximize Rental Income in Wakad
Invest in furnished apartments for IT professionals.
Opt for societies near metro stations, malls, and schools.
Target tenants such as working couples, students, and families.
Keep your property in good condition and screen tenants for long-term stability.
Conclusion
Wakad remains one of Pune's most hopeful rental markets. With its prime location, robust tenant pool, and expanding infrastructure, it promises investors a consistent flow of rental returns as well as long-term capital appreciation.
As an investor, micro-locations such as Kalewadi Phata, Bhumkar Chowk, and Hinjawadi-Wakad Link Road represent the top rental yield hotspots in Wakad.
Be it a 1 BHK for bachelors or a 3 BHK for families, Wakad has schemes to fit every investor's strategy.
