Luxury Real Estate Deals in Pune: A 12,000 sq ft Penthouse Sells for ₹37 Crore
A 12,000 sq ft penthouse has been sold in Pune's Lodha One, Bund Garden for ₹37 crore, making it the most expensive property deal in the city.
Real EstatePuneLuxury PropertyMacrotech DevelopersLodha OneReal Estate PuneJul 08, 2024
Over the last two years, Pune has seen 32 apartment registrations in the luxury segment, valued above ₹10 crore. However, this deal surpasses the highest value of ₹18.5 crore, recorded earlier. The penthouse, priced in the range of ₹28,000-29,000 per square foot, has become the most expensive in this segment.
Lodha One, the developer's first luxury project in Pune, offers exclusive services to its residents through Lodha's private hospitality service, Saint Amand. The project, spread across three levels, features a private terrace and pool for the homeowners. The landscape of the project has been designed around two majestic Banyan trees that have been preserved for over 150 years.
In the Pune real estate market, majority of the property registrations are in the range of ₹50 lakh to ₹1 crore. According to Knight Frank India data, in March 2024, out of total over 21,000 property registrations in Pune district, 33% were in the range of ₹50 lakh to ₹1 crore; 32% in ₹25 lakh to ₹50 lakh; 14% in ₹1 crore to ₹5 crore and a little less than 1% in the price range of above ₹5 crore.
This deal indicates a growing demand for luxury properties in Pune, and developers like Macrotech Developers are catering to this demand with their high-end projects.
Information
Lodha, now known as Macrotech Developers, is a listed real estate developer known for its luxury projects across India. The company has a significant presence in Pune, with projects like Lodha One, Bund Garden, and others.
Saint Amand is Lodha's private hospitality service, catering to the hospitality needs of its residents.
Knight Frank India is a real estate consultancy firm that provides data and insights on the Indian real estate market.
Frequently Asked Questions
What is the price of the penthouse sold in Pune?
The penthouse was sold for ₹37 crore.
Where is the penthouse located?
The penthouse is located in Lodha One, Bund Garden, a project by Macrotech Developers in Pune.
What is the per-square-foot price of the penthouse?
The penthouse has a per-square-foot price in the range of ₹28,000-29,000.
What is the average number of property registrations in Pune district?
The average number of property registrations in Pune district is in the range of 14,000 to 20,000 units.
What is the dominant price range of property registrations in Pune?
The dominant price range of property registrations in Pune is ₹50 lakh to ₹1 crore.
Related News Articles
Heavy Rains to Lash Mumbai and Maharashtra: Red Alert Issued Till July 24
Mumbai and surrounding areas are bracing for heavy rainfall, with a red alert issued till July 24. The National Disaster Response Force (NDRF) has deployed teams across Maharashtra to tackle the situation.
Revolutionizing Real Estate: MahaRERA's AI-Powered Project Grading System
MahaRERA's innovative initiative aims to bring transparency to the Maharashtra real estate market by grading projects based on construction quality, financial health, legal clearances, and project overview.
Waqf Amendment Bill 2024: How Government Properties Were Declared Waqf, and What's Changing
Minority Affairs Minister Kiren Rijiju highlights shocking cases of government properties being declared Waqf, and proposes amendments to the Waqf Act.
Simplifying Real Estate: Birla Estates' 'Real Advice' Campaign with Vicky Kaushal
Birla Estates launches 'Real Advice' campaign featuring Vicky Kaushal to educate Indian consumers on real estate concepts.
Sundaram Home Finance Eyes Rs 2.25 Billion Disbursements in Madhya Pradesh
Sundaram Home Finance aims to disburse Rs 2.25 billion in Madhya Pradesh, with a focus on affordable housing and expansion in the state.
Macrotech Developers Expands Amid Rising Debt: Strategic Growth in Indian Property Market
Macrotech Developers, a major real estate player in Mumbai, reports a 14% rise in net debt while achieving impressive sales figures. The company aims for 21% annual growth in sales bookings, maintaining a strong presence in key Indian cities.