WAGHOLI, Pune
With a large numbers of IT hubs, School & Colleges coming up in the nearby area, its the best opportunity for new home buyers to setup a base.
Located on the Pune-Ahmednagar Highway (also knon as Nagar Highway), its strategic location, connectivity to Pune station, Solapur Highway, Shikrapur-Chakan Road and Pune Airport, make it an easily accessible location. Wagholi has evolved into one of the city’s important suburb. About half a decade ago, the area was mostly dominated by local industries along Nagar Road. Like Hadapsar, it has now successfully shed the usually resilient image of ‘industrial area’ and is gaining prominence as a residential destination of note.
Thanks to its strategic location on Nagar Road, Wagholi provides very good access to the existing and upcoming commercial establishments in Kharadi, Hadapsar and Bund Garden. It further benefits from market drivers such as its proximity to Pune Airport, accessibility to the thriving eastern IT hubs of Magarpatta and Kharadi as well as the Shikrapur-Chakan industrial belt. Demand for homes in Wagholi is primarily driven by professionals from the city’s IT and industrial professionals.
Influencing factors like affordability, improving social infrastructure and the presence of good educational institutions such as schools and engineering colleges are generating considerable interest from end users and investors in this location. Moreover, Wagholi is now scheduled for inclusion within Pune’s municipal limits, which means that water and electricity supply will be regularized.
Infrastructure initiatives that will benefit Wagholi in the foreseeable future include the proposed Ring Road to which this location is advantageously juxtaposed to, a four-lane flyover linking Wagholi to Shikrapur and several additional roads and bridges that will improve connectivity to Kharadi and other key locations in Pune.
Wagholi has seen steady appreciation in property rates to the tune of approximately 15-20%, depending on the exact placement and typology of individual projects. A number of large and local players such as Karia, Kolte-Patil, Goel Ganga, Belevekar Housing, Konark Builders, Mantra Properties, Marvel Group and Eiffel Developers are active with mid-income housing projects in the area. Currently, residential prices in Wagholi range from Rs.3500-4200/sq.ft., clearly marking it as a location that still offers relative affordability when compared to neighbouring Kharadi.
With the rapid development taking place along Pune’s eastern belt, Wagholi has considerable growth potential over the next 5-10 years, a fact that long-term property investors are taking very seriously.
"Says an Article from JLL"
"Says an Article from JLL"
