Vilas Javdekar Wagholi Estates Pune : Prime Wagholi Estates Pune Land Sold for INR 103 Crore - Strategic Development Milestone

Wagholi Estates, an affiliate of Panchshil Realty, has finalized the sale of a premium 4.8-acre land parcel in Wagholi, Pune, for over INR 103 crore. The buyer, Vilas Javdekar Infinitee Developers, acquired this property, which is part of a grand 4.5 million sq. ft IT park project by Panchshil Realty.

Integrated Mixed-Use Development

A Panchshil Realty representative confirmed that nearly 1 million sq. ft of residential potential, spread across five acres, has been sold within this mixed-use project. The development seamlessly blends residential and commercial spaces, adding significant value to the locality.

Details of the Transaction

As per Propstack data, the buyer paid INR 7.21 crore in stamp duty for registering the deal on October 21. Wagholi Estates, previously known as Shahenshah Properties, was incorporated in 1993 and later renamed in April 2024. Initially involved in retail, the company transitioned into real estate development in 2023-24.

Wagholi: A Thriving Hub in Pune

Wagholi, situated in eastern Pune, has rapidly emerged as a key residential and industrial zone. Its proximity to Kharadi’s IT hub, excellent connectivity to Pune Airport, and affordable property prices make it a sought-after destination for investors and developers alike.

Surge in Land Transactions Across India

Major cities like Mumbai, Chennai, Bengaluru, Hyderabad, and Pune are witnessing a surge in land transactions. Developers and investors are increasingly targeting prime urban locations for residential, commercial, and mixed-use projects to meet growing market demands.

Urban Expansion Drives Investment

The INR 103 crore deal by Wagholi Estates reflects the strong demand for high-potential land in urban centers. Similar trends are seen across India, with both domestic and international investors fueling growth in key cities. Such developments mark a significant phase in the urban expansion of Pune and beyond.

Key Highlights

• Deal Overview: 4.8-acre land parcel in Wagholi, Pune, sold for INR 103 crore.
• Developer: Wagholi Estates, an affiliate of Panchshil Realty.
• Buyer: Vilas Javdekar Infinitee Developers.
• Stamp Duty Paid: INR 7.21 crore.
• Mixed-Use Project: Part of a 4.5 million sq. ft IT park project with residential and commercial spaces.
• Locality Benefits: Proximity to IT hubs, Pune Airport, and competitive property rates.
• Market Trends: Surge in land transactions across India's metro cities driven by urban expansion.

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