Alright folks, buckle up for some exciting real estate news! Macrotech Developers, also known as Lodha Group, is making moves once again by acquiring a prime 2.82-acre land parcel in Pune’s Hinjewadi area for a whopping Rs 110 crore. The deal was sealed on October 14, 2024, from none other than Paranjape Schemes Construction Limited, a well-known Pune-based developer.
Let’s break down the key features of this swanky new acquisition:
Location, location, location: The land is nestled in Hinjewadi, a bustling IT hub with easy access to the Mumbai-Pune Expressway.
SEZ vibes: This parcel comes with an SEZ component, making it a hot commodity for both residential and commercial development.
Market potential galore: Hinjewadi’s real estate market is on fire, with apartment prices averaging Rs 10,000 per square foot and Grade A office space rentals going for Rs 50-60 per square foot. Talk about investment potential!
But wait, there’s more! This strategic purchase is all part of Macrotech’s grand plan to expand its footprint in Pune. The company has already made waves with successful projects like Lodha Belmondo and the Kharadi Project, and recently acquired GGVIPL to further solidify its presence in the city.
Despite a slight dip in property registrations in September 2024, Pune remains a key real estate market, especially in areas like Hinjewadi. And Macrotech isn’t stopping there – they’ve got their sights set on Bengaluru, aiming for a 15% market share by 2030.
So there you have it, folks. Macrotech Developers is on a roll, and we can’t wait to see what they have in store next! Cheers to growth and success in the world of real estate.
Thanks For Reading Report of Punepress.com