 The phenomenal growth of Wakad can be attributed to the upcoming of the Infotech and Biotechnology park at Hinjawadi close to the Pune-Mumbai Expressway (west).In the last four years, the Pimpri Chinchwad municipal corporation has granted the maximum number of building permissions for projects in the area to Wakad and its surrounding areas.As a result, it is seen as a new hotbed of real estate growth in Pune.