UC Punawale Skyscrapers LLP, a newly established firm, has made a significant investment in the real estate market by acquiring a prime land parcel in Punawale, Pimpri-Chinchwad, Pune, for a whopping Rs 129 crore. This transaction, which was officially registered in February 2025, covers a total area of 2.38 hectares.
Punawale is quickly emerging as a sought-after residential destination in Pune, thanks to its convenient location near the Hinjewadi IT Park and easy access via the Mumbai Highway (NH-48). With the presence of gated communities, reputable developers, and essential amenities like schools and hospitals, Punawale is attracting both homebuyers and investors.
The broader Pimpri-Chinchwad area, where Punawale is situated, continues to witness robust growth in residential transactions, accounting for a significant portion of Pune’s overall real estate market. Localities such as Punawale, Ravet, and Tathawade are witnessing a surge in demand from developers and buyers alike.
In Punawale specifically, there were 5,169 registered transactions amounting to Rs 2,827 crore in 2024, with an average residential property price of Rs 9,666 per square foot. UC Punawale Skyscrapers LLP’s recent land acquisition aligns with its strategy to tap into the thriving real estate market in Punawale and capitalize on the area’s growth potential.
The firm’s confidence in Punawale’s real estate market is a positive sign for the area’s future development. With its strategic location and robust infrastructure, Punawale is expected to remain a key player in Pune’s real estate landscape.
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