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Should you buy a residential property in Wagholi, Pune?

September 17, 2020 | Silky Malhotra

Should you buy a residential property in Wagholi, Pune?

Pune has been one of the leading real estate hubs in India for quite a while. However, once the city started to saturate, the development spread over to the suburbs. Among the suburban localities of Pune, Wagholi is one of the fastest developing. From commercial prospects to social infrastructure, this region has grown in every aspect. Wagholi has gained considerable popularity among end-users and property investors alike. A number of factors have led to the growth of the real estate sector in Wagholi.

The connectivity features in Wagholi is one of the main reasons behind the high demand for homes in this locality. A number of major roads connect Wagholi to various important parts of Pune. This allows the residents to get across to work or other destinations seamlessly. In fact, several of the IT parks of Pune can be accessed easily from Wagholi. The IT sector in Pune is quite well-established, with ample job opportunities. Living in Wagholi, one can therefore enjoy alluring commercial prospects.

Compared to some of the other residential hubs in Pune, property prices in Wagholi are relatively lower. This makes Wagholi popular among homebuyers seeking affordable options. This is why many homebuyers who can’t afford homes in Koregaon Park region buy properties in Wagholi, which lies nearby. However, returns on investment from properties in Wagholi is quite high, which makes it an affordable yet profitable option for investors.

The locational benefits in Wagholi have created a high demand for rental homes here. Particularly, the employment prospects in and around the locality attract plenty of home renters. This implies that investors wouldn’t find it very hard to find tenants for their property here. Owing to the high demand for homes in Wagholi, several esteemed builders have come up with housing complexes here.

A classy residential complex located in Wagholi, Majestique City offers ready to move homes within the affordable price range. Priced between INR 24.50 lakhs and INR 59.59 lakhs, the apartments here come in 1-bedroom and 2-bedroom formats. Both of these are quite popular among home renters, which makes these homes perfect for investment as well as end-use. The project comes with a wide range of amenities, which offers the residents a luxurious lifestyle. Buying a home here would undoubtedly be a smart decision.

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