Affordable property market of Pune.

Wagholi: Affordable property market of Pune

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Pune- the IT hub of Maharashtra has seen a tremendous growth in the real estate sector in recent times. Especially, because of better employment opportunities, many IT professionals have moved towards this city and hence fueled up the residential sector. Among many regions, Wagholi has attracted many home buyers owing to its affordability.

 

Historically known as the home of Maratha Warrior Sardar Pilajirao Changojirao Jadhav, Wagholi near Pune is becoming a prime residential hub among both developers as well as property buyers. 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.

 

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 that too at affordable rates.

 

Connectivity

Wagholi is strategically located on Nagar Road and enjoys great connectivity with the Pune airport, Sholapur Highway, Bund Garden and the Shikrapur-Chakan Road. The closest railway station to Wagholi is Pune, which is at a distance of 14 km. Pune Airport is located 11 km away from the region and is connected via the Lohegaon-Wagholi road.

 

Education

The residents of Wagholi have the advantage of the presence of 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.

 

Infrastructure

With lots of infrastructural developments, Wagholi property market is on the boom with many home buyers flocking to the region. The proposed Ring Road project-connecting Pune and PCMC areas fall in this region will be a major growth driver for housing demand. Other ongoing and upcoming infrastructure developments include The Mumbai-Bengaluru Infrastructure Corridor, The road connecting Wagholi to Eon IT Park through Nagar Road and proposed flyover connecting Wagholi to Shikrapur.

 

Apart from all these, 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.

 

Residential projects

Wagholi is home to varied residential units like 1,2 and 3BHK which are ready to move in and available at affordable rates.

 

The area is popular for its multi-story apartments with well-equipped and modern amenities such as power back-up, lift, security, parking space, maintenance staff, and children play area, etc. Home buyers can also choose from unfurnished or fully furnished units as per their budget.

 

Several new affordable residential housing projects by known developers are also coming up in the region like Karia Developers, Eiffel Developers, Belvelkar Housing, Kolte Patil, Raviraj and Goel Ganga Developments.

 

Property rates

Property prices in Wagholi are available in various prices, sizes and facilities. It also ensures that home-buyers that they will get a good return on their investment in the long run.

 

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, however, the size here may vary as per the project.

 

So with all such developments, Wagholi’s real estate market is all set to reach a new level and grow even more rapidly in near future.