PUNE'S MARQUEE PROJECTS 2021
PUNE- A CITY LIKE NO OTHER, OFFERS PICTURESQUE GREEN SURROUNDINGS AND YET ALL THE TRAPPINGS OF A COSMOPOLITAN METRO. THE REAL ESTATE MARKET THUS HAS PERFORMED BETTER THAN MOST OTHER INDIAN CITIES BOTH IN RESIDENTIAL AS WELL AS COMMERCIAL SEGMENT. REALTY+ TAKES A LOOK AT SOME OF THE DISTINCT PROJECTS OF THE CITY THAT WILL SET THE TONE FOR THE FUTURE DEVELOPMENTS.
BY: SAPNA SRIVASTAVA
There was a time when Pune was looked upon more as a city for retirement home. But with the IT boom of the ’90s Pune has become a thriving metropolis. The best part is, it still continues to maintain its natural green cover enhanced by the alluring weather and not so killing pace of life unlike, its neighbour Mumbai.
HEALTHY RESIDENTIAL REALTY AMIDST PANDEMIC
Despite the pandemic and ensued economic recession, Pune’s real estate has seen the highest residential sales in the country in the last quarter. As per Propequity data, Pune residential sales were higher compared to cities like Bengaluru, Hyderabad, Chennai etc. In the third quarter of the present calendar year, Pune had seen sales of 9,412 units, a significant jump from the 5,503 sales the city had registered in the second quarter.. As per analysts, most of the sales have happened in the units with 600-750 square feet carpet area and in the price bracket of Rs 35-70 lakhs.
VALUE PROPOSITION FOR INVESTMENT
The ongoing appealing value propositions thanks to stamp duty cut, low interest-rates and favourable discounts offered by developers as well as the acceptable differential between the agreement value and the circle rate, which has been hiked from the earlier 10 percent to 20 percent, till June 30, 2021 have made investing in Pune real estate a value proposition. Especially for NRIs, lower ongoing ticket sizes and government incentives have drawn them to invest in premium and luxury properties to avail benefits and secure a property for future use.
COMMERCIAL REALTY SHOWS IMPROVEMENT
Fresh office leasing improved significantly in Q4 as compared to previous quarters, as decisions delayed earlier on relocation/consolidation and in some cases expansion plans were executed during the quarter. A significant 59% share of gross leasing activity during the quarter was concentrated in the SBD East submarket followed by PBD West (16%) & PBD East (11%) submarkets. Global Captive Centres led with a 29% share of leasing activity, followed by IT-BPM & professional services occupiers with 25% & 24% shares, respectively. Going forward, Baner & Balewadi in SBD West Submarket and Kharadi & Viman Nagar in SBD East submarket are expected to be most active in catering to future demand coming from IT-BPM, BFSI captives & E-commerce segments who are expected to be the key occupier sectors likely to drive space take-up.
EMERGING DEVELOPMENT TRENDS
The projects featured from across Pune have highlighted the following trends that will define the real estate of the city in the coming years. Evident is the pent up consumer demand as well as the significant investor interest in the various asset classes of Pune real estate.
Pune saw the highest number of new residential launches, reporting 7,563 new unit launches, which is almost double of the 3,706 units the city had seen in the second quarter of 2020. Other cities have seen significantly lower launches in the country. Also, the gross commercial space leasing volumes in Pune remained steady even in 2020 with 5.0 msf in the year comparing very favourably to the 5 year average (2015-2019) of 4.8 msf and being similar to the last year number as well.
A HABITAT FOR SENIORS
‘ATHASHRI’ IS PARANJAPE SCHEMES VENTURE, FOR DEVELOPING HOUSING PROJECTS FOR SENIOR CITIZENS WHERE EVERY FACILITY IS DESIGNED TO HELP LEAD A BETTER LIFESTYLE IN SENIOR YEARS.
Athashri is a habitat for seniors wherein they can experience warmth, freedom, companionship, friendships, culture,
The thought behind the Athashri project is simple yet profound. We understand that seniors need to live a life filled with independence, freedom, security and dignity. The entire Athashri premise is wheel chair enabled, for comfort and well-being. The inside specifications of homes are also well taken care of. Kitchen platforms are low in height to help seniors on wheel chair to cook while they are seated. 1KVA power supply to each apartment is a boon in times of power cuts. Each home is provided with a panic switch or alarm bell facility for emergencies. Athashri premises has round-the-clock security and is completely fenced with adequate lighting at night.
Medical Services:
At Athashri, residents don’t have to worry about grocery shopping, meal preparation, or even coffee brewing. Instead, they get to enjoy a fine dining experience every day of the week. There is no need to worry about whether the bed is made or the room is clean. A regular maintenance schedule is maintained for all the facilities.
FOSTERING A FEELING OF COMMUNITY
SUPREME ESTIA BY SUPREME UNIVERSAL IS A RESIDENTIAL PROJECT LOCATED IN THE PRIME LOCALITY OF PUNE. TRUE TO ITS NAMESAKE ESTIA HAS BEEN DESIGNED TO FOSTER A FEELING OF COMMUNITY.
Supreme Estia is a 2 & 3 BHK residential project located in the prime locality of Baner, Pune that falls under phase 1 of the Smart City development in Pune which will see 24 smart city features implemented including a metro station which is merely minutes away from the project.
The rectangular spaced plot with a centrally located 45,000 sq ft vehicle free amenity zone makes life simple inside a community where everything is within your reach. The project also features new age amenities like co-working spaces, medical room & a convenience store on premises.
Each building welcomes you with a state of the art double height entrance lobby. The project has applied the nuances of wind and sun flow designs to ensure well lit, fresh and breezy interiors. Apartment internals are planned with smart residential project located in the prime locality of Baner,
Pune that falls under phase 1 of the Smart City development in Pune which will see 24 smart city features implemented including a metro station which is merely minutes away from the project.
with a centrally located 45,000 sq ft vehicle free amenity zone makes life simple inside a community where everything is within your reach. The project also features new age amenities like co-working spaces, medical room & a convenience store on premises utilization of spaces and also making sure of utmost privacy to personal spaces. With more than 20 amenities for all generations across 3 club houses as well as the opulence of the structure all designed by the best in class team will enrich the lives of its residents. The project is planned with sustainable features and with a 3-tier security. All factors are only enhanced by the Art Deco inspired façade making you proud to call Estia home.
ADVANCED VERSION OF HOUSING IN INDIA
KOLTE PATIL DEVELOPERS LIMITED HAS LAUNCHED ‘UNIVERSE’ AT ITS FLAGSHIP TOWNSHIP PROJECT, LIFE REPUBLIC, NEAR HINJAWADI IN PUNE. IT IS POSITIONED AS A PROJECT THAT WILL ENABLE RESIDENTS EXPERIENCE AN ‘ADVANCED VERSION OF HOUSING IN INDIA’.
‘Universe’ is a partnership between Kolte Patil Developers and Planet Smart City, a leading UK proptech company. It will be enhancing the lives of its residents by introducing global-first smart solutions across planning and architecture, technological systems, social innovation, and environment. Spread over ~10.5 acres (4.164 hectares), Universe, is strategically located at the heart of Life Republic, benefiting from high street retail, educational and hospitality infrastructure of the township. The project offers 1 BHK and 2 BHK residences.
Universe unveils first of its kind 'Innovation Hub’ which includes a tool room, hobby room, health corner, discussion room, co-working area, bookcrossing services, AV room, interactive totems, a future-proof space to learn, socialize, work, collaborate and imagine for the Universe residents.
The residents will benefit from an IoT enabled infrastructure and a wide range of shared services, which will use data analytics and the insights to improve their quality of life. These services will be powered by the free Planet App, through which residents will have access to sharing services within the development and connect with other members of their neighbourhood.
Along with over 40 amenities and smart solutions, this smart residential address comprises around 4 acres of landscape and open areas. The sustainable and intelligent solutions to be implemented include smart benches, smart gym equipment, smart playground equipment, smart street lighting, parking and lobby smart lights, smart water meter for apartment, optimized irrigation systems for common area, automated boom barrier, air quality monitoring system and SOS emergency poles.
From health and wellness to socializing and leisure, there are numerous ways in which an Estia home feels like a home. An exclusive green boulevard leading to the projects inner sanctum makes for a quiet, scenic transition from the outside world.
OXYGEN RICH HOMES
ABITANTE FIORE BY PURANIKS BUILDCON PVT LTD AT BAVDHAN, PUNE ARE CAREFULLY DESIGNED TO INCREASE OXYGEN LEVELS WITH THE HELP OF PLANTS.
In our daily life we combat tiring commute and pollution almost every day. With this in mind, is created innovative 1, 2 & 2.5 BHK oxygen rich homes. Coupled with Bavdhan’s finest scenic views, the project has thoughtfully planned unique amenities to bring closer to nature such as the Cascading Flower Bed, the BBQ Corner Lawn, Green amphitheatre, Fruit Orchard, Aromatic Garden, Butterfly Park, and many more. The Balcony Garden will help reduce the effect of pollutants and in the dry balcony, there will be planters to grow own herbs. Whereas, the Green Entrance Lobby will always give a fresh welcome.
In a world filled with more concrete and less jungle, Puraniks Abitante Fiore will bring you closer to nature. Various species of plants are spread across the project will help boost oxygen levels as well as mood. And around these will be thoughtfully designed external amenities to rejuvenate and bring freshness.
LIVE HIGH ON VALUE LIFE
GG TOWN BY GOEL GANGA GROUP AT NEW KHARADI, PUNE IS A TOWNSHIP OF ROW HOUSES AND 2BHK APARTMENTS FROM THE LAYOUT OF THE PROJECT TO THE AMENITIES IT ENSURES A HOME THAT IS TRULY HIGH ON VALUE.
The project layout allows for all of us have a dream of owning easy entry and exit from the ring road. It also ensures smooth movement of vehicles inside the project area without hindering access to the amenities by the residents. The project is also aligned to the path of the sun and that along with the large number of open areas means that the residents are able to enjoy ample sunlight and fresh air no matter where their apartment is located.
As a high on value home should also be a green home, to that end are provided facilities like, STP, rainwater harvesting, water conservation and energy management. Safety and security too is of the utmost importance and this has meant ensuring that there is an entrance gate with a security cabin for 24×7 security. From fire safety precautions to storm water drains, different amenities have been put in place.
From a community building to bicycle parking, open spaces to landscaping, and many more amenities have been provided to ensure that your homes are truly, ‘HighOnValue’.
A home that offers security and joy and great value to our loved ones. GG Town offers that with a reasonable price tag. What’s more, New Kharadi or Wagholi today is known as one of the fast developing locality of the city and residential real estate market in the area that has grown by heaps and bounds.
EXPERIENCE OFLIVING ON A HILL STATION
LOCATED AT THE HEART OF BANER (PUNE), KALPATARU JADE RESIDENCES BY KALPATARU LIMITED IS DEVELOPED ALONG THE NATURAL CONTOURS AND IN THE MIDST OF LUSH GREENS.
Spread over approximately 9 acres, Jade is set against Baner hills which gives the experience of living on a hill station. It has 3, 3.5 and 4.5 bed residences that offer lavish spaces with speciously designed rooms inside and with breath- taking views of the hills. The clubhouse at Jade has a state-of-the-art-gymnasium, spa, mini theatre and a massive lawn.
Each of the towers is H-shaped and is placed independently optimising the ventilation and air circulation from residences. The high-rise towers are curvilinear, widening the viewing angles from every corner. 82% of the land is left open and landscaped enhancing
The architect of this project A&T Consultants has planned the project in very efficient manner, keeping all the amenities in one place for the convenience of the residents. There is no vehicular movement in the garden area making it pollution free and ensuring safety for the kids. Another unique feature is that it is cross shaped ensuring proper ventilation and better light for each building. The apartment is thoughtfully designed keeping in mind furniture and utility area with proper space utilization for less wastage the privacy in every outdoor space that one enjoys. Moreover, 3 acres of vehicle-free central landscape (on podium) makes it a safe common area for residents to be there.
The forest grove at Kalpataru Jade with a mix of fruit, ornamental and seasonal trees and so much dense plantation is like a serene oasis in midst of a city.
THERE ARE THREE AMENITY ZONES AT JADE:
A GLAMOROUS LIFE STYLE
VTP AETHEREUS, BY VTP REALTY IS PUNE’S MOST SUCCESSFUL AND LOVED PROJECT IN TOWNSHIP CODENAME BLUE WATERS. IT IS A MATTER OF PRIDE FOR ANY BUYER THAT EVEN BEFORE ENTERING THE HOME THE GUEST IS WOWED BY THE BEAUTIFULLY DESIGNED PROJECT.
Afuturistic skyline towers with a glass façade VTP Aethereus stands tall between the river and hills. A mixed use iconic presence at the most landmark junction it is located in the heart of Maan Mahalunge Hi-tech City by PMRDA. It offers a glamorous life style with all East-West facing apartments.
Stunning tinted glass elevation: Grey tinted glass with u value = 5.8 w/m2ka (u value means measure of the thermal insulation of the glass & expressed as watts per square meter). Our glass u value is 1.3% better than normal glass windows.
More than 2 acres of dedicated amenities area is divided in 2 levels - Podium level for grownups and ground level for kids and senior citizens. The size of Amenity to Resident ratio is excellent here. Most conservative ratio in Aethereus is 29 sqft of space per person at any given point of time.
A centrally located fountain and the mural are going to become the landmark of the project, making it stand out in the location.
Apart from the facade, the lighting at podium that will go up at elevation itself is going to be beautifully lit, that any passer by from the road is going to take a double look. What's more, the 60,000 sq. ft. exotic palm-lined podium offers sweeping views of the bustling city.
Also, adorning the project are 3500 sq. ft. landscaped fountain plaza and 320 sqft luxurious Jacuzzi Pool and co-working spaces with the conference / meeting room in the project. A large LED is placed at the Commercial Frontage-(132 ft. long and 6 meter tall) providing a swanky Times Square look.
MINDSPACE BUSINESS PARKS REIT
Gera Commerzone, Kharadi, Pune
PIONEERING THE CONCEPT OF WORLD-CLASS BUSINESS DISTRICTS AND REVOLUTIONIZING THE COMMERCIAL REAL ESTATE SECTOR.
Gera Commerzone Kharadi is strategically located within the secondary business district east micro-market of Pune, in proximity to the railway station, Pune International Airport and the upcoming metro station. Designed using the ‘biophillic’ model, it focusses on the inherent connection between humans and nature, the central consideration when designing the project, where employee health and well-being has been kept at the core.
Irresistible Facilities & Amenities:
The three buildings in the asset are LEED Pre Certified (of which one is Platinum certified and two are Gold certified). In addition, we distribute power to the tenants in our SEZ buildings.
The Force behind the Exceptional Project
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