Real Estate Pune

Piramal Finance Sanctions ₹266 Cr for Pune Residential Projects

By GeoSquare News Desk · Published 2026-10-09

Piramal Finance has committed ₹266 crore to two Pune-based entities — ASOJ Realty LLP and Mexus Real Estate Developers LLP — for the construction and development of residential projects in Pune. The funding is part of the Solitaire VTP Group's ongoing residential development plans in the city.

Financing structure

The capital will be used for construction and development of residential phases, covering land, approvals, and execution. The transaction is expected to support timely delivery of housing inventory in a market where demand for mid-segment and premium homes remains steady.

What it means for Pune

Pune's residential market continues to attract institutional finance from non-banking financial companies. The infusion of ₹266 crore is likely to ease project execution and help bridge funding gaps, especially for group housing projects in growth corridors.

For buyers, the deal signals stronger financial backing for the developer, which can improve project completion certainty. For investors, it reflects continued confidence by large financiers in Pune's real estate fundamentals.