Westcon Space Acquires 4 Hectares in Pune's Wagholi

18 Feb 2025 CW Team

Westcon Space Private Limited, a subsidiary of Solitaire Group, has acquired nearly 10 acres of land in Pune’s Wagholi area for ?1.29 billion, according to property registration documents reviewed by Propstack.com.

The land purchase, made through four separate transactions on February 6, 2025, involved a total stamp duty payment of ?90 million, along with a registration fee of ?120,000.

The land was sold by the Shitale family and two individuals, Anuradha NDD and Jaymala Navkishore. Attempts to reach Westcon Space and the sellers for comment were unsuccessful.

Wagholi, a northeastern suburb of Pune, is becoming an attractive hub for both residential and commercial investments. Surrounded by prominent IT companies, it is positioned near Kharadi, one of Pune’s busiest commercial districts.

Property rates in Wagholi are also rising, with residential apartments priced around ?10,000 per square foot. Rent for a 2 BHK apartment in the area ranges from ?20,000 to ?30,000 per month, according to local brokers.

This acquisition follows a similar deal in Pune, where Prestige Estates’ subsidiary, Prestige Exora Business Parks Ltd, purchased 4.57 acres in Kharadi for ?2 billion in April 2024.

The demand for land in top cities like Pune has surged by 47% in 2024, with over 2,000 acres of land changing hands across major metropolitan areas, as noted in a CBRE India report.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..