Why is Wadgaon Sheri a popular East Pune neighbourhood?
Wadgaon Sheri, a notable residential and business hub in Pune‘s eastern suburbs, is conveniently located near the airport and various job centres. Once a hamlet, the area has evolved into a popular residential area. Let us examine the elements influencing real estate demand and property prices in Wadgaon Sheri.
There are several residential options.
Wadgaon Sheri has a large number of 2 BHK and 3 BHK residential flats. There are villas and builder floor flats offered here. The average price of a 2 BHK flat in Wadgaon Sheri, according to insider report listings, is roughly Rs 50-70 lakh. Karan Group, Bramhacorp Builders, and Naiknavare Developers, among others, provide a variety of ready-to-move and under-construction residential homes in Wadgaon Sheri’s several sub-localities.
Prices in micromarkets like Sainikwadi and Sainath Nagar increased by 10-15% year on year. The vast bulk of stock in both sub-localities is made up of residential units with two bedrooms.
A 2 BHK residential unit in the area costs around Rs 30,000 and 40,000 per month on average. A three-bedroom flat begins at Rs 45,000 per month.
Prime business alternatives
Aside from residential properties, Wadgaon Sheri has many commercial real estate opportunities for investors and end-users due to its proximity to Kalyani Nagar (approximately 1 km), an East Pune business hub. A ready-to-move office in the area starts at Rs 18,000 per sq ft, bringing the cost of a 1,500 sq. ft office space to more than Rs 2 crore. Stores and storefronts are also available at Sainath Nagar and Kalyani Nagar micro markets, with prices ranging between Rs 30,000 and 40,000 per square foot.
Good social infrastructure
Wadgaon Sheri has strong inter-city accessibility due to its proximity to the Pune-Ahmednagar Highway. The Pune International Airport and the Pune Junction Railway Station are around 4-8 kilometres away, while the Hadapsar and Mundhwa industrial regions are approximately 6-7 kilometres away. Wadgaon Sheri is a popular residential neighbourhood for ordinary workers because of its accessibility to various job centres and connection opportunities. Its proximity to various schools, hospitals, and parks, including PMC Garden, Anand Park, and Shiv Kailash Park, adds to its allure.
Future developments
The new projects in the vicinity of Wadgaon Sheri are projected to bring in additional end-users and investors. The under-construction Kalyani Nagar Metro Station on the Pune Metro’s Aqua Line would aid enhance connection between Wadgaon Sheri and Vanaz and the Pune Railway Station. Furthermore, the continuing development of the inner ring road, which will cross via Wagholi (about 8 km), will improve access to other sections of the city.
Given the recent price increases and upcoming improvements, it is reasonable to assume that Wadgaon Sheri is a viable investment choice for homebuyers. Furthermore, the area’s closeness to many job centres would continue to draw renters, increasing yearly rental returns.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
