Land Parcel Earmarked for Joint Prime Residential Development
Puravankara is pleased to enter into a landmark Joint venture deal of approximately 30 acres of prime residential land in Mundhwa, east Pune.
This Joint venture arrangement, which was structured by JLL India’s Capital Markets division, will yield an expected 2 million square feet of prime residential space.
Mr. Ashish Puravankara, Joint Managing Director, Puravankara Projects Limited expressed, “We are excited about this Joint venture in Pune, as this would mark our foray into the West Indian market. Pune offers great potential with its changing demographics and significant demand in Real Estate, across segments”
From a residential real estate viewpoint, Mundhwa is now the location of choice for InfoTech employees from Pune’s Magarpatta, Kharadi and Kalyaninagar IT hubs. Adding to the high strategic value of this micro-market are major malls such as Amanora Town Centre and Seasons Mall on Hadapsar-Kharadi Bypass, and Phoenix Market City and Inorbit on Nagar Road.