Casagrand Millenia Acquires Wagholi Land for Rs 1.26 billion

21 Feb 2025 CW Team

Casagrand Millenia has acquired a 1.18-ha land parcel in Wagholi, Pune, for Rs 1.26 billion (bn), as per property registration records. The transaction, involving a stamp duty of Rs 88.2 million and a registration fee of Rs 30,000, was finalised 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 its 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.”

Between January and December 2024, Wagholi recorded 5,367 transactions amounting to Rs 49.25 bn, with average property prices at Rs 10,823 per sq. ft., according to Square Yards' Locality Data Intelligence.

Casagrand Millenia, a Chennai-registered private entity established in 2019, continues to expand its presence, capitalising on the region’s growth momentum.

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