ANAROCK inks 32 acres land deal in Pune
Leading real estate consultancy ANAROCK Group's Capital Markets division has announced the successful conclusion of a transaction for 32 acres of prime land in Pune's realty hotspot Wagholi. The deal involves two of Pune's leading developers whom ANAROCK represented to forge a win-win transaction for the development of a residential-cum-commercial project. The land parcel, sold
Leading real estate consultancy ANAROCK Group's Capital Markets division has announced the successful conclusion of a transaction for 32 acres of prime land in Pune's realty hotspot Wagholi. The deal involves two of Pune's leading developers whom ANAROCK represented to forge a win-win transaction for the development of a residential-cum-commercial project.
The land parcel, sold by Goel Ganga Group to Kohinoor Group, has an overall development potential of approx. 4 million sq ft. On the residential front, the planned project will mainly cater to mid-segment home buyers, with units priced in the 'sweet spot' budget range of Rs 55-80 lakh.
Shobhit Agarwal, MD & CEO - Capital Markets, ANAROCK Group, said, "We are happy to have enabled this timely land transaction between two of Pune's most prominent real estate players. Real estate development in Pune is on a sustained upswing, driven by the city's resilient IT sector and increased demand for homeownership amid the new pandemic realities.
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