The IT hub of Maharashtra- Pune has seen an incredible growth in the real estate sector in recent times. The city provides better employment opportunities due to which many IT professionals have moved here and increased the demand of the residential sector. Among many regions, Wagholi has attracted many home buyers owing to its affordability.
Wagholi is located on the Pune-Nagar Highway close to the Kharadi IT hub. The region has seen rapid development in terms of real estate, social infrastructure, and education sectors. Due to which it is becoming a prime residential hub among both developers as well as property buyers.
Till few years ago, Wagholi was home to just industries with no real estate developments, but with fast-developing infrastructure, the region has attracted many developers to construct residential properties at Budget-friendly rates.
Strategically located on Nagar Road, Wagholi enjoys great connectivity with the Pune international airport, Sholapur Highway, Bund Garden and the Shikrapur-Chakan Road. Pune is the closest railway station which is at a distance of 14 km. Pune Airport is located at 11 km away from the region and is connected via the Lohegaon-Wagholi road.
Several good educational institutions like Sharad Pawar International School, Netaji Subhash Chandra Boys Military School, Jyotirmay International School, Lexicon International School, Dhole Patil College of Engineering, GH Raisoni College of Engineering and Technology, Moze College of Engineering, JSPM Imperial College of Engineering and Research, etc lies in the vicinity of Wagholi.
In last few years infrastructural developments in Wagholi took place at a swing mode due to which the property market is on the boom with many home buyers flocking to the region. Its proximity to the Kharadi IT hub has led to the development of a number of malls, shopping centers, hotels, hospitals and multiplexes in its vicinity.
Apart from all these, some of the proposed developments include: Ring Road project-connecting Pune and PCMC areas which will be a major growth driver for housing demand. Other ongoing and upcoming infrastructure progresses include, The Mumbai-Bengaluru Infrastructure Corridor, The road connecting Wagholi to Eon IT Park through Nagar Road and proposed flyover connecting Wagholi to Shikrapur.
Wagholi houses various types of residential units at an affordable rates and ready to move in condition. Home buyers have the option to choose either a multi-story apartments or low rise flats with well-equipped and modern amenities such as power back-up, lift, security, parking space, maintenance staff, and children play area, etc. They can also choose from unfurnished or fully furnished units as per their budget.
Several known developers are also coming up in the region which is providing 1, 2 and 3 BHK apartments to residents like Karia Developers, Eiffel Developers, Belvelkar Housing, Kolte Patil, Raviraj and Goel Ganga Developments.
In Wagholi, property owners can find these residential units in various prices, sizes and facilities.
The property prices for various residential units are as follows:
- 1BHK flat (400-850 sq. ft.) is available in the price range of Rs 20-35 lakh,
- 2BHK (600-1300 sq. ft.) is expected between Rs 35-60 lakh,
- 3BHK flat available in Rs 45-90 lakh range
With all such developments, Wagholi’s real estate market is all set to grow even more rapidly in near future.