Paranjape Schemes, a leading real estate developer in Pune, has successfully handed over 1,000 units across their projects in Blue Ridge Township, Forest Trails Township, and Wakad, covering a total carpet area of 450,000 square feet. This achievement underscores the brand's commitment to delivering quality homes to their customers. With these new additions, the company's presence in Pune has grown significantly, with over 5,000 units already delivered in Groves (Blue Ridge) and more than 2,000 residences in Athashri (Forest Trails). The company's premium project, The Broadway in Wakad, has also received a great response in the previous phase. These newly completed units are a testament to the company's dedication to exceptional execution and unwavering quality standards, solidifying its efficiency and reliability in the real estate sector.Read more

Prachay Capital, a prominent Pune-based NBFC, has teamed up with Knest, an Indian Aluform manufacturer, to offer financing solutions for the real estate sector. Developers often struggle with upfront costs for Aluform, crucial for high-rise buildings. Prachay's Equipment Lease Finance (ELF) and Equipment Purchase Finance (EPF) programs alleviate these financial pressures by providing flexible payment plans. Unveiled at YouthCon, Delhi, in March 2024, these solutions received enthusiastic responses, highlighting a significant shift in real estate financing. This initiative positions Pune's real estate sector for accelerated growth, benefiting from Prachay Capital's innovative approach.Read more

Aundh, in western Pune, Maharashtra, is a rapidly growing residential and commercial area known for its infrastructure and proximity to IT hubs. It offers diverse housing options, from high-rise apartments to bungalows, along with educational institutions, healthcare facilities, shopping malls, and recreational spaces. In April, Raagdari Apartments, Shriramnagar Apartment, and Anand Park Aundh each closed three deals, with most transactions being resales. Prices ranged widely, with Marvel Sindh Society at INR 28 crores and budget options like Shriramnagar Apartment at INR 6 lakhs. Aundh's varied apartment sizes and prices cater to diverse buyer preferences, reinforcing its desirability.Read more

Pune-based Roadway Solutions India Infra Limited (RSIL) has secured two major infrastructure projects in Maharashtra, valued at a combined total of INR 4,900 crore (USD 590 million). This win strengthens RSIL's position in India's infrastructure sector. The projects include constructing a 24.5-kilometer access-controlled Pune Ring Road and a 13.43-kilometer expressway connector between Jalna and Nanded. These projects, along with recent equity infusion of USD 120 million, boost RSIL's order book to over INR 11,000 crore. Senior VP B.K. Singh emphasized RSIL's commitment to innovation and excellence in transforming India's infrastructure landscape.Read more

Pune's real estate market experienced a significant boost in Q1 2024, with sales transactions rising by 49% to 27,056 and the total sales value increasing by 56% to INR 17,837 crore (USD 2.2 billion), according to Square Yards Data Intelligence. Leading developers like VTP Realty, Kolte Patil Developers, and Vilas Javdekar Developers drove this growth, with VTP Realty achieving sales over INR 950 crore (USD 1.1 billion). Affordable housing remains in demand, with 45.4% of transactions under INR 50 lakh (USD 625,000). Nearly 200 new projects were launched, covering 1.17 crore square feet, underscoring Pune's continued attractiveness for investment.Read more

Pune's real estate market is thriving amidst a national slowdown. Knight Frank India's report reveals a 57% year-on-year increase in property transactions, with 13,734 units sold in April 2024. This surge is driven by affordable housing options, attracting young professionals. Homes priced between INR 50 lakh and INR 1 crore dominate the market, representing 34% of sales. Smaller apartments under 500 sq. ft are also in high demand, comprising 39% of transactions. Central Pune remains the prime residential hub, while West Pune is emerging as a new hotspot. Millennials are the primary buyers, accounting for 58% of purchases.Read more

ASK Property Fund, affiliated with ASK Asset & Wealth Management Group, has exited the Avon Vista housing project in Pune, developed by Naiknavare Developers. The firm doubled its initial INR 80 crore investment to INR 156 crore, achieving a 21% IRR and 2x capital multiple. The timely completion and robust sales of the 613-unit project facilitated this successful exit. CEO Amit Bhagat highlighted the investment's self-liquidating nature, driven by cash flow from sales and milestone-linked collections. This strategic move underscores the firm's adeptness in real estate investment and project management.Read more

Gera Developments is celebrating a decade of its innovative ChildCentric Homes concept with the launch of Gera's Island of Joy in Pune. This 12.5-acre project offers 1,800+ homes, unparalleled amenities like clubhouses, Go-Kart racing, a wave pool, and bowling alley, along with 9 celebrity-led learning academies. Strategically located near IT hubs, it emphasises sustainability. Rohit Gera highlights their commitment to crafting exceptional living spaces for modern families. Amidst substantial growth in Pune's real estate market, Gera maintains equilibrium between supply and demand while increasing apartment sizes to meet evolving family needs.Read more