Wagholi - An ideal destination for property investment in Pune

Located in the north eastern part of the Pune, Wagholi has been witnessing rapid realty developments in recent times. The locality is transforming into an IT hub with many leading Information Technology companies and BPOs setting up their office here. Besides, the locality is also known as the warehousing and industrial belt of Pune. The locality is bounded by Kesnand in the east, Pune International Airport area in the west, Savannah in the south and Sirampur in the north. Some of the major sub localities that are brimming with more real estate projects include Kalubai Nagar, KawadeWasti, Siddhart Nagar, and Khandve Nagar. Here some of major reasons that has been playing a pivotal role in realty growth of this region. Connectivity • Some of the major roads that provides good connectivity to this region include Wagholi Road, State Highways 27, SamratAshoka Road and Pune Nagar Road • For the intra-connectivity, the commuters can take Kesnand Road, Ivy Estate Road and Baif Road • The locality gets frequent buses operated by the Maharashtra State Road Transport Corporation and Pune Mahanagar Parivahan Mahamandal Ltd to reach the other parts of the country • The Hadapsar railway station is the nearest railway station which is located 10 km away from this locality. Also, Pune railway station is located just 15 away from this area • The Pune International Airport is located 10 km away from here, which can be reached through Wagholi Road • Nearby metro station in neighboring Kharadi, the locality enjoys good connectivity Infrastructure • The Pune BRTS project is currently on hold. The locality has two lines under this project • The project of Wagholi-Vishrantwadi line got completed but not operational yet. Also, there is a proposed line between Warje and Wagholi • Under the Pune Metro Project Phase 1, Line 2 between Vanaz and Ramwadi to be extended till Kharadi which is located 7 km from Wagholi • Proposed flyovers from EON IT Park and Shikapur is likely to enhance the connectivity in Wagholi • The locality possess good social infrastructure with the presence of many educational institutions, healthcare facilities, malls and restaurants. Apart from all these factors, proximity to IT hubs and affordability are some of the major reasons why the demand has increased for apartments in Wagholi. As the realty markets such as the IT hubs, Kharadi and Koregaon Park have reached its saturation point, Wagholi is attracting several property buyers. The current price of the residential flats in Wagholi ranges between INR 3800 to INR 5000 per sqft. Owing to the presence of many IT companies in the surroundings, the demand has been high for 1 bhk and 2 bhk flats in Wagholi among the working professionals. Thus, if you are looking to buy a property in Pune for investment purpose then investing in Wagholi would be an ideal choice, as you can earn good return on investment by renting your property.