Lodha floats larger Wagholi project as Pune metro extension moves ahead

Lodha Developers Limited has proposed expanding its residential project at Gat No. 1315 (Part) in Wagholi, Haveli taluka, Pune district, according to a report dated 26 October 2026. The proposal lists a total built-up area of 3,23,176.28 square metres. That is made up of 2,01,415.97 square metres of floor space index (FSI) area and 1,21,760.31 square metres of non-FSI area. FSI is the floor area the rules allow against the size of a plot, and non-FSI area is space that is not counted against that limit. The estimated value in the proposal is ₹481.23 crore. The proposal is at the conceptual planning stage, and no approval has been reported.

Where the site sits on the metro map

Wagholi is in Pune district and falls within the Pune Metropolitan area. It was brought under Pune Municipal Corporation in 2021. The Ramwadi–Wagholi extension is planned as Line 2B, an 11.63 km corridor with 11 stations. Stations at the Wagholi end include Wagheshwar Temple, Wagholi, Bakori Phata and Vitthalwadi.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the Pune Metro Rail Project Phase-2, covering Corridor 2A and Corridor 2B. The Cabinet release gives an estimated cost of ₹3,626.24 crore for the two corridors and says the project is scheduled for completion within four years. Preparatory work on the Ramwadi–Wagholi extension has started, with barricading installed near the Ramwadi metro station on Nagar Road, according to a report dated 5 September 2026. Maha Metro officials said soil investigations and geotechnical surveys were expected to begin within days, with construction to follow.

About the developer

Lodha Developers Limited, formerly Macrotech Developers Limited, is a real estate and construction company headquartered in Mumbai. Mangal Prabhat Lodha founded the group in 1980, and Abhishek Lodha is its chief executive and managing director. The company says it has developed more than 100 million sq ft and has residential and commercial projects in Mumbai, Thane, Hyderabad, Pune, Bengaluru and London.

In February 2026 the company agreed to acquire an 80 per cent stake in Pune-based Solidrise Realty Private Limited for ₹294.07 crore. In its first quarter of FY26, profit attributable to owners rose about 42 per cent year on year to ₹674.7 crore. Net debt at the end of the third quarter of FY26 was ₹6,170 crore, up 15 per cent.

What it means for buyers and the market

The proposal does not give a unit count, configurations, carpet areas or a price band, and the sources do not say how the expansion would affect prices or supply in Wagholi. Lodha already lists other projects in Wagholi, including Lodha Camelot. Those are separate projects and are not linked to this proposal.

The Cabinet release says the metro extensions will help decongest arterial routes such as Paud Road and Nagar Road. Commuters, however, report that traffic between Yerawada and Wagholi is already affected by frequent wrong-side driving, congestion at major intersections and bottlenecks around U-turns. The metro is still at an early stage, and its completion date is about four years away.

What to watch next

• Whether the Gat No. 1315 proposal moves to formal planning approval. No approval or launch dates were reported.
• The start of soil investigations and geotechnical surveys on the Ramwadi–Wagholi corridor, which Maha Metro officials said would come first.
• The start of construction on the corridor, which the Cabinet timeline places within four years.