Wagholi

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Average Buy Price 4,540 /sq ft Properties for Sale
Average Rent for 2 BHK 9,990 /month Properties for Rent

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About Wagholi

Wagholi lies in the eastern side of Pune, Maharashtra, and is a promising suburb of the city. Situated strategically on Pune-Nagar Highway and being a part of the industrial and warehousing belt, Wagholi is recognised as an upcoming IT hub of Pune.

 

The locality has good connectivity to the rest of the parts in Pune, and enjoys the company of IT parks and an ever-growing social infrastructure. And with a lot of people choosing to stay in the locality due to such reasons, the place is witnessing a lot of commercial activity. In addition, the fact that it is one of the more affordable localities in Pune has only increased its popularity.

 

Wagholi’s social infrastructure is growing by the day. The Lexicon International School, Prodigy Public School, Sharad Pawar International School, Parvatibai Genba Moze College of Engineering, and JSPM's Imperial College of Engineering & Research are some of the educational institutions that reside in the locality. And when it comes to healthcare facilities, Dhanwantari Multispeciality Hospital, IMAX Multispeciality Hospital, and Lifeline Speciality Hospital cater to the needs of the residents of Wagholi. The area is also home to many restaurants, hotels, and shopping centres.

 

Key Projects in Wagholi : 

Rohan Abhilasha
Marvel Fria
Majestique City
Majestique Manhattan
Saarrthi Suburbia Estate
Siddhivinayak Aarambh
ABC Primera Homes
Marvel Fria Phase II
Sukhwani Palms
Manav Silver Springs
JD Shubharambh
Radhika Vihar
Shree Ganesh Residency
Ravinanda Skylights
Konark Oasis
Windsor Maple Woodz
Malkani Bella Vita
Karma Tierra
Manav Wild Woods
Alfa Homes Phase II
Gagan MiCasaa
ARK Alfa Elegance

 

Connectivity and Transit Points

 

Pune Airport is at a distance of just 8 km from Wagholi and takes about 30 minutes to reach. The closest railway stations to Wagholi are the ones located in Pandharpur, Baramati, and Katphal. Pune Junction, which is the main railway station of Pune, is located about 12 km away.

 

Auto-rickshaws, taxis, buses, and shared auto-rickshaws are used for short distances by the residents of this locale. The buses operated by PMPML (Pune Mahanagar Parivahan Mahamandal Limited) are easily available here. Being an economical mode of transport, buses are usually crowded, and hence a lot of people resort to commuting by two-wheelers.

 

The key transit points in Wagholi are Satav High School, Suinari Garden, Wagholi Gaon, and Wagheshwari Temple. The locality is also well-connected to Khandala Loni Road, through which it is accessible to other areas of Pune.

 

Major Landmarks

 

●     Khumbar Lake

●     Ajmera Complex

●     Wagholi Bazaar

●     Eurokids

●     Satav High School

●     Wagholi Post Office

●     Wagheshwari Temple

 

Factors for Growth in the Past

 

Being just an extension in the eastern corridor of Pune, Wagholi didn’t witness much growth till about a decade ago. However, with the city centre reaching saturation point, people started exploring other options and this is where Wagholi came into the picture. Seeing this trend, developers started investing in this area from 2007, and the locality has not disappointed them.

 

Wagholi is situated on the Pune-Nagar Road and enjoys great connectivity with Sholapur Highway, Bund Garden and the airport, and the connectivity factor has helped this locality immensely. Add to this, the proximity to other IT hubs like Kharadi and Hadapsar has made this place a very conducive locality to live in.

 

Residential & Commercial Markets

 

Residential Market Trends

 

Residential property in Wagholi consists of mainly of flats, while villas and individual houses occupy a small percentage of land.

 

Apartment prices in Wagholi have witnessed a see-saw effect in prices in the last three years. The Q2 (2014) sale prices of multi-storeyed apartments in Wagholi ranged between Rs 3,400 and Rs. 6,600 per sq. ft., while the rent per sq. ft. ranged between Rs 10 and Rs 11 for the same period. The sale prices of individual houses for Q2 (2014) was a little lower as expected, and ranged between Rs 3,750 and Rs 4,100 per sq. ft.

 

Commercial Market Trends

 

Although Wagholi is a locality that has more residential properties, commercial pockets are slowly on the rise. Owing to the increase in activity, and the population rise, many commercial hotshots are setting up base in this locality.

 

Major Challenges

 

The area is experiencing irregular power and water supply. Since the area is not part of Pune Municipal Corporation (PMC), the residents seem to hit a roadblock when it comes to these issues. A complete turnaround is required to bring this situation under control, especially when the population is expected to increase in the near future.

 

In addition, though Wagholi is an upcoming suburb, social infrastructure is a cause of concern. The work on some of the roads, like the stretch on Alandi Road, has been completed but without railings. This has posed a major threat to motorists and pedestrians.

 

Factors for Growth in the Future

 

With the real estate market reaching saturation within the city limits, prospective buyers are looking for smart alternatives. And this is where Wagholi is stepping in.

 

The completion of widening Pune-Nagar Road to six lanes has greatly enhanced connectivity. There are also plans of building a four-lane flyover linking Wagholi to Shikrapur. These will certainly help property prices pick up in the area.

 

An array of residential projects are also being planned and developed, so as to accommodate the large and growing population. Some of the popular names include 

Rohan Abhilasha
Marvel Fria
Majestique City
Majestique Manhattan
Saarrthi Suburbia Estate

.

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