Casagrand Millenia Private Limited, a real estate company based in Chennai, has made a significant investment in the emerging market of Pune by acquiring a land parcel in Wagholi for a whopping Rs. 126.04 crore. The land, which spans over 1.18 hectares, was purchased from Krishna Realtors Skyscraper LLP and the transaction incurred a stamp duty of Rs. 8.82 crore and a registration fee of Rs. 30,000.
The Co-founder and CBO of Square Yards, Anand Moorthy, shared his insights on Pune’s eastern micromarket, highlighting the area’s well-developed infrastructure, seamless connectivity, and its position as a preferred residential area. Micro-markets such as Kharadi, Wagholi, Hadapsar, and Viman Nagar are witnessing significant property demand, with developers focusing on mid-to-high segment projects and gated communities offering modern amenities.
Wagholi, in particular, has seen a rise in popularity due to its strategic location along the Pune-Ahilyanagar Highway and proximity to the Kharadi IT Hub. The upcoming 11 km Ramwadi-Wagholi Metro extension is expected to further enhance the area’s connectivity, making it an attractive residential destination.
With easy access to commercial hubs, schools, hospitals, and shopping centers, Wagholi has become a sought-after location for homebuyers. According to property registration documents, the total number of transactions in Wagholi in 2024 reached 5,367, with a total value of Rs. 4,925 crore. The average property price in Wagholi is currently Rs. 10,823 per sq. ft.
Casagrand Millenia Private Limited, which was established in 2019, continues to expand its presence in the real estate market with strategic investments in high-growth areas like Wagholi.
Thanks For Reading Report of Punepress.com