Wanowrie in East Pune has strong social infrastructure and easy access to prominent IT/ITeS hubs like Magarpatta, Hadapsar, and Viman Nagar. Wanowarie is the perfect place to settle down, as suggested by Ms. Gunjan Goel, the Director of Goel Ganga Development. As Increased demand from working professionals, along with rising property values, has boosted real estate investment in the area in recent years.
Pune, being a hub of educational institutions and global corporations, attracts a rising number of youths each year. These youths seek established locations that respond to their needs, such as excellent housing, solid infrastructure, robust facilities, and easy access to workplaces. Wanowarie is one such location in Pune’s eastern outskirts that has caught the attention of investors in recent years.
Reasons for Accelerating Real Estate Growth in Wanowarie:
1. Constant Connectivity
Wanowrie has a strong transit system and easy access to cabs and autorickshaws, so transportation is not an issue. The nearest train station to Wanowrie is Ghorpuri Station, which is 6.1 kilometers away and accessible by the Prince of Wales Road. The city airport (International Airport of Pune) at Lohegaon is also reachable via the Pune-Nashik highway.
2. Crime rates are low
There are few documented incidences of crime in the area, making it a safe location to live, particularly for female migrants who may feel frightened in a new city.
3. Social amenities
The Empress Botanical Garden, located close to BT Kawade Road, is the area’s primary attraction, particularly for nature enthusiasts. In addition, Wanowrie has six pharmacies and 17 reputable hospitals, including Inamdar Multispeciality Hospital, Arcus Hospital, and Ayodhya Charitable Hospital.
The neighborhood also has some prestigious educational institutions, including Podar International School, Kidzee, and St. Mathews Academy and Junior College.
4. Entertainment
Amanora Mall, Seasons Mall, Vishal Mega Mart, and Reliance Fresh are some of the shopping and leisure choices available to residents, along with over 90 eateries. It also contains more than 30 ATMs and several financial institutions, including Axis Bank, IDBI, and SBI, among others.
5. Proximity to job clusters
Wanowrie is home to a variety of offices. Its closeness to Magarpatta (7 km), Hadapsar (6), and Viman Nagar (12), a major IT/ITeS cluster, makes it a popular choice among working professionals. Cognizant, Capgemini, and Tech Mahindra are some of the most well-known worldwide businesses near Wanowrie.
6. Investment possibility
The real estate market took a big hit last year as a result of the coronavirus, but it has already begun to return to pre-COVID levels. Furthermore, the greater capital returns in the area compared to the saturated marketplaces of Viman Nagar, Kharadi, and Magarpatta add to these aspects.
Overall, a strong and resilient market is projected to emerge once more. Residential demand has risen as a result of the increasing homeownership trend following COVID-19, and prices are expected to rise in sync until the market returns to normal.
