Casagrand Expands to Pune with ₹126 Crore Land Deal in Wagholi

Chennai-based Casagrand Millenia Private Limited has purchased a spacious plot of land for ₹126.04 crore in Pune’s Wagholi in one of the biggest real estate deals in the city. The agreement which was found via property registration documents obtained by SquareYards was concluded on January 27, 2025. The land is 1.18 hectares in size and has been procured from Krishna Realtors Skyscraper LLP, which will pay ₹8.82 crore in stamp duty and ₹30,000 in registration fee for the sale.

Pune’s Eastern Corridor, A Flourishing Hub For Real Estate:

Since it is located on the Pune-Ahilyanagar Highway, Wagholi has become an important people and commercial real estate destination, mainly because it lies close to the Kharadi-based IT hub. The property demand in the region has got a significant boost due to the well-developed infrastructure and the developing metro connectivity along with the commercial sector flourishing in the market.

“The eastern micro-market of Pune is witnessing a robust commercial boom with Pune having the highest office offtake across the city,” said Anand Moorthy, Co-founder and CBO, Capital Market & Services, Square Yards. But areas like Kharadi, Wagholi, Hadapsar, and Viman Nagar are witnessing a rise in demand for residential and commercial properties, he cited. Given the expanding workforce in the region, developers increasingly focused on mid-to-high segment projects as well as gated communities.

Increase in Transactions in Wagholi:

As per Square Yards’ Locality Data Intelligence, the year 2024 witnessed 5,367 property transactions in Wagholi with total transactions valued at ₹4,925 crore. Currently, the prevailing property price in the locality is ₹10,823 per sq. ft., indicative of the growing demand among buyers and investors.

Casagrand’s Future Plans:

Registered in Chennai, Casagrand Millenia Private Limited, a non-government company, is classified as a private limited company and was incorporated in December 2019. Recently, Casagrand Developers, its parent firm, announced an IPO to mop up ₹1,000 crore, a sign of its expansion plans.

Other Significant Transactions in Wagholi:

The deal comes after another major land buy in that area. In a series of transactions, Pune-based Westcon Space Private Limited, which lies under the bracket of the Solitaire Group, purchased four hectares of land in Wagholi for ₹129 crore on February 6, 2025.

As a result of continuing development, Wagholi is firming its position as Pune’s residential and commercial hub, attracting national builders and investors.