For Rs 80 crore, the Lodha group purchases a great piece of land from Poonawalla Constructions in Pune. The land area is 1.10-acre. Given that it is one of the best prices paid by any developer for a land piece in Pune, based largely on per-acre pricing, the purchase gains significance.
The property tract was purchased by Macrotech Builders and Dwelling Crest Constructions, a co-investor company. The transaction was completed and registered on July 11; Lodha Group acquired a prime land parcel and paid a stamp responsibility price of Rs 5.60 crore.
Zavareh Poonawalla, the brother of Cyrus Poonawalla of Serum Institute, is an associate of Poonawalla Constructions, which had long held this piece of property. The land above piece, which has an expansion potential of 2.5 lakh to three lakh sq. ft, is where Lodha Group plans to build a high-end residential project with a tiny portion of retail space. With the completion of this mission, Lodha will have a stronger presence in Pune, one of the company’s primary priority markets.
Nearly ten years after its opulent expansion at Lodha Belmondo in the Gahunjeneighborhood, this was the Lodha Group’s second mission in Pune and its return to this real estate market. Our business is expanding in Pune. Together with a co-investor, we are developing the land by our moderate capital model.
Why do property buyers choose Pune?
According to statistics from the previous several years, Pune has been a top investment target for both seasoned and inexperienced homebuyers. This city, referred to as the Queen of Deccan, is experiencing a sharp increase in housing costs. Since 2017, the cost of apartments in Pune has increased considerably.
Many people consider purchasing a home in Pune a dream because the city provides its citizens with a wide range of affordable contemporary housing alternatives. One of the most stable real estate markets in the nation is thought to be in Pune, the second-largest city in Maharashtra.
According to experts, Pune will see a significant makeover in 2018 as top developers plan major projects in high-growth regions. Due to its commercial possibilities and connection alternatives, areas like Wagholi, Mundhwa, and Hinjewadi will continue to experience an increase in property prices in Pune. Pune’s real estate market is changing thanks to top builders in the city.
From Lodha Group, you receive a well-designed habitat that satisfies all of your needs as a homeowner when you purchase a house from us. Our mission of “Building a Better Life” serves as our compass. And we have produced some of the “World’s Finest Developments” that you can proudly call “home” thanks to our rigorous planning, attention to every little detail, concentration on quality, and excellent craftsmanship.
The numerous elements in our projects cater to every age group’s interests. The main goal is to offer a complete living experience regarding wellbeing, health, education, and spiritual well-being. Your home in a Lodha development is sure to be the talk of the neighborhood thanks to the largest clubhouses and top-notch amenities, painstakingly planned open areas and multi-tier security, roomy homes, and the greatest features.
The real estate market in Pune is described in general terms, including its drivers, trends, recent events, forthcoming developments, and more. Every social class in Pune has the opportunity to participate in the real estate industry. The Lodha group purchases a great piece of land from Poonawalla Constructions.
In Pune, a man from the middle class may buy a few apartments and then earn money by renting them out. If you want to buy a real estate property in Pune, don’t waste time and pick your phone in your hand and contact us. We have many residential and commercial projects on our list at affordable prices.