Casagrand Millenia Acquires Land Parcel in Pune’s Wagholi for ₹126 Crore

Pune, February 21, 2025: Casagrand Millenia Private Limited has acquired a land parcel in Wagholi, Pune, for INR 126.04 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration. The transaction was registered in January 2025.

Anand Moorthy, Co-founder and CBO, Capital Market & Services, Square Yards said, “Pune’s eastern micromarket is emerging as the most dynamic commercial hubs, witnessing the highest office offtake in the city. This surge coupled with well-developed physical and social infrastructure, seamless connectivity via the Pune-Ahilyanagar Highway, proximity to the airport and city centre, and upcoming metro line is solidifying it’s position as a preferred residential destination. Key micro-markets such as Kharadi, Wagholi, Hadapsar, and Viman Nagar amongst others are seeing heightened property demand, as the workforce continues to gravitate towards the eastern region. Recent land transactions highlight this momentum, with developers strategically expanding their footprint and focusing on mid-to-high segment projects and gated communities with modern amenities in these localities.”

Wagholi’s strategic location along the Pune-Ahilyanagar Highway and near the Kharadi IT Hub, has fueled its transformation into a thriving residential destination. The upcoming 11 km Ramwadi-Wagholi Metro extension, with 11 new stations, will further enhance connectivity, reinforcing its appeal for businesses and homebuyers alike. With proximity to commercial hubs, reputed schools, hospitals, and shopping centres, Wagholi continues to emerge as a key residential hotspot.

According to IGR property registration documents reviewed by Square Yards, Casagrand Millenia Private Limited purchased a land parcel spanning a total of 1.18 hectares (~14,113 square yards) from Krishna Realtors Skyscraper LLP. The transaction incurred a stamp duty of INR 8.82 crore and a registration fee of INR 30,000.

According to Square Yards’ Locality Data Intelligence, 5,367 transaction amounting to a gross transaction value of INR 4,925 crore were registered with IGR in Wagholi, Pune, between January 2024 and December 2024. Currently, the average property price of Wagholi stands at INR 10,823 per sq. ft.

Casagrand Millenia Private Limited is a privately held company that was established on December 25, 2019. It operates as a non-government entity and is officially registered with the Registrar of Companies in Chennai.