Wagholi: An attractive Location For Real Estate Investors
Pune prides itself of numerous prolific locations that serve as commercial and residential hotspots.
The recent wave of spectacular socio-infrastructural developments coupled with projected changes in coming years has enhanced the appeal of various locations from real estate perspective.
If you have been thinking about best real estate investments in Pune, Wagholi definitely should feature in your wish list.
Buying investment property in Wagholi is a safe and lucrative proposition. The location’s advantages are leveraged by multiple factors.
Your decision to invest in property over here would assuredly be rewarded with rich returns and exponential growth in demand induced price.
Why? Because of the reasons mentioned below:-
1) Strategic Location
Wagholi’s propitious location on Pune-Nagar Highway serves to ramp up its connectivity with major locations like Airport (8 Kms away), Railway Station (12 Kms away), Mundhwa, Sholapur Highway, Koregaon Park, Shikarpur-Chakan Road, Kalyani Nagar and Bund Garden.
The new road originating from Sri Vagereshwar Temple has reduced the distance till Lohgaon Airport to 8 Kms only.
2) Paradise for Professionals Seeking Affordable Accommodation Options
Wagholi enjoys proximity to major IT and industrial hubs of Pune. The Special Economic Zone of Eon IT Park in Kharadi with about 4 million square feet of built-up area and World Trade Centre with 1.6 million square feet areas are located just 7.1 Kms from Wagholi.
Numerous global IT and ITES companies have their offices over here. Magarpatta City and Ranjangaon MIDC, situated close to Wagholi, play host to top-notch companies like Whirlpool, LG, Fiat, Apollo etc.
The Sanaswadi MIDC sprawling over 200 acres is another recognized industrial hub. Wagholi serves as a lodestone for professionals employed in aforesaid SEZs and MIDCs due to its high livability index.
Annual appreciation in property values is 10-15% per annum and this momentum has been sustained despite the negative impact of demonetization.
3) Commendable Infrastructural Growth
Wagholi prides itself on excellent social, civic and entertainment infrastructure. The Ring Road to be commissioned soon passes through Wagholi and connects it to Pune-Mumbai Highway, Nasik and Solapur.
The Pune Metro rail Project to be completed by 2020-21 has a dedicated station in Wagholi which would significantly enhance its connectivity value from the perspective of easy commutation.
The Pune Smart City project which is underway would further boost the health quotient of existing infrastructure. High-end shopping malls, well-equipped multiplexes, budget and star hotels, eclectic restaurants, economic retail outlets, pubs and other entertainment options render Wagholi more appealing to the fun-seeking younger generation.
4) Major Educational Hub
The presence of numerous top-notch academic institutions with excellent pedagogic standards comparable to leading international counterparts has further stepped up Wagholi’s charm as Pune’s premier residential location.
Prominent educational centers in Wagholi are Netaji Subhash Chandra Bose Boys Military School, Lexicon International, Sharad Pawar International School, Vishnuji Shekuji Satav High School, Moze College of Engineering, Mount St Patrick Academy, and Prodigy Public School.
5) Presence of Multi-specialty Hospitals
Within Wagholi’s periphery and close proximity, various multi-specialty hospitals and well-equipped clinics are present like Jahangir and Ruby.
6) Round the Clock Water Supply
Wagholi residents avail of the unique privilege of round the clock water supply, thanks to the World Bank sponsored project ‘Jeevan Pradhikaran’.
The initiative was aimed at the expeditious resolution of water-related issues to ensure uninterrupted supply.
7) Reasonable Property Prices With Good Rental Potential
Last but not the least, your search for real estate investment opportunity in Wagholi would be greeted by reasonable property rates. Capital appreciation on QoQ basis is gradually picking up and the time is opportune for real estate investors to put in their money before further escalations occur.
The average price per sq.ft. is in the range of INR 5200-6300 which is competitive. Further, rental income is sustained due to a huge population of IT and other professionals who are gainfully employed in the vicinity.
Wagholi, undoubtedly, is the venue for best real estate investments in Pune. Real estate investors definitely stand to gain significant appreciation in the capital in coming years.
Incidental benefits are remarkable too. It is the right time for you to materialize your aspiration of buying the dream home in Pune at Wagholi.