Punie's princess wand is SoulEdge.
Magical Land is also the land from Eversion.
It all makes sense now! Especially the eye motif... This all takes place in a alternate Puella Magi Madoka Magica universe where the witches are the good guys and magical girls are bad.
Magical Witch Punie-chan and Bludgeoning Angel Dokuro-chan are set in the same world.
Since both anime are written by Tsutomu Mizushima and produced by Kohei Kawase