Wagholi is a bustling suburb located in the eastern part of Pune, Maharashtra, India. The area has seen a lot of development in recent years, making it an attractive option for homebuyers and investors. As we head into 2023, the prospects for property in Wagholi are looking promising.
One of the major reasons why Wagholi is becoming an attractive option for property buyers is its strategic location. It is close to important areas such as the Pune International Airport. Its proximity to Koregaon Park, and Kharadi, which are hubs for IT and business activity makes it an attractive option. This has resulted in an influx of professionals and migrants looking for accommodation in the area.
Another factor contributing to Wagholi’s growth is the availability of good infrastructure. The area has good road connectivity with major highways and expressways, making it easy to travel to other parts of Pune and Mumbai. The Pune Metro project will further boost the real estate market in the area providing better connectivity.
Wagholi offers a range of properties to suit different budgets and preferences. From affordable apartments to luxurious villas, the area has something for everyone. The average price of property in Wagholi is also comparatively lower than other areas in Pune, making it an attractive option for budget-conscious buyers.
The growth of the IT sector in Pune has also led to an increase in demand for housing in Wagholi. Many IT companies have set up their offices in nearby areas such as Kharadi and Magarpatta, which has resulted in a rise in demand for rental properties in the area. This has led to attractive rental yields for investors looking to buy property in Wagholi.
As we head into 2023, the prospects for property in Wagholi are looking bright. The area’s strategic location, good infrastructure, and range of property options make it an attractive option for homebuyers and investors alike. With the Pune Metro project expected to be completed soon, the real estate market in the area is only set to grow further. If you’re considering investing in property, Wagholi should definitely be on your radar.