Wagholi becomes investment hub in Pune

Wagholi is located strategically along the Pune-Nagar Highway and is currently transforming into a coveted real estate market. Wagholi is located in close proximity to the IT hub in Kharadi and is witnessing fast development of social and civic infrastructure as well. Wagholi was earlier considered just an extension of Pune city in its eastern corridor with no major infrastructure or realty developments. However, with Pune steadily becoming saturated, buyers are looking for investment opportunities in peripheral areas.

Real estate activity has been boosted in Wagholi over the last 4-5 years and its smooth connectivity with Bund Garden, Sholapur Highway, Pune Airport and the Shikrapur-Chakan Road has contributed to real estate growth here. Wagholi offers comparative affordability for buyers along with easy access to prominent IT zones. Wagholi is home to several reputed educational institutions including the Sharad Pawar International School, Lexicon International School, Netaji Subhash Chandra Boys Military School, GH Raisoni College, Dhole Patil College of Engineering, JSPM Imperial College of Engineering and Research, Jyotirmay International School and the Moze College of Engineering.

There is easy access to several leading hospitals, clinics, ATMs and bank branches. There are several real estate developers who are coming up with big ticket projects in this area. Wagholi also has ample scope for price appreciation in the future. Wagholi is expected to transform into a huge commercial cum residential hub over the next few years and early investors are hoping for lucrative returns on their properties. Wagholi will also benefit from the proposed four lane flyover connecting Shikrapur and Wagholi and the road linking it to the EON IT Park which is being built.

There are close to 60-70 projects in Wagholi that have either been completed, launched or are being constructed. Buyers are preferring premium projects such as VTP Purvanchal in Wagholi and capital values here range between Rs.2,400-4,550 per sq. ft. on an average.