Prestige Exora Expands to Pune with Prime Land Purchase in Kharadi
Prestige's acquisition from B U Bhandari M&M Real Estate agents aligns with its strategy to capitalize on Pune's dynamic housing and commercial sectors.
Prestige ExoraPuneKharadiReal EstateBusiness ParksReal Estate PuneSep 17, 2024
Kharadi, known for its IT parks, corporate offices, and upscale residential developments, has become a hub for land investments due to its proximity to Pune's IT corridor and excellent connectivity via the Pune-Mumbai Expressway.
Prestige's acquisition from B U Bhandari M&M Real Estate agents aligns with its strategy to capitalize on Pune's dynamic housing and commercial sectors. In a huge move mirroring the developing dynamism of Pune's housing market, Prestige Exora Business Parks has secured a prime 4.57-acre land parcel in the bustling Kharadi area of Pune.
Located in Kharadi, a neighborhood that has quickly become one of Pune's most desirable spots for residential and commercial developments. Kharadi is home to a few IT parks, corporate workplaces, and upscale private tasks, making it a point of convergence for land ventures.
The deal was closed on April 16, 2024, with Prestige Exora Business Parks making a stamp duty payment of approximately INR 14 crore. The land was bought from Pune-based B U Bhandari M&M Real estate agents LLP, a noticeable real estate entity.
Prestige Exora Business Parks' strategic acquisition of the 4.57-acre land parcel in Kharadi demonstrates the Prestige Group's commitment to expanding its presence in Pune. As Pune keeps on developing into a significant housing market, the gathering's interest in the city's business area is supposed to pay off liberally.
Frequently Asked Questions
What is the size of the land parcel acquired by Prestige Exora Business Parks in Kharadi?
4.57 acres
What is the estimated cost of the land parcel acquired by Prestige Exora Business Parks in Kharadi?
INR 200 crore
What is the significance of Kharadi in Pune's real estate market?
Kharadi is a hub for land investments due to its proximity to Pune's IT corridor and excellent connectivity via the Pune-Mumbai Expressway.
Who is the seller of the land parcel acquired by Prestige Exora Business Parks in Kharadi?
B U Bhandari M&M Real estate agents LLP
What is the strategic significance of Prestige Exora Business Parks' acquisition of the land parcel in Kharadi?
The acquisition demonstrates the Prestige Group's commitment to expanding its presence in Pune and capitalizing on the city's dynamic housing and commercial sectors.
Related News Articles
News18 Lokmat Launches Mood Maharashtracha and Tai Sahib for Poll Insights
News18 Lokmat's Navi Mumbai Conclave Highlights Real Estate Growth and Celebrates Maharashtra's Real Heroes with Gaurav Awards 2023.
Transindia Real Estate Witnesses a Major Drop in Consolidated Net Profit
Transindia Real Estate, a leading player in the Indian real estate market, has reported a significant decline in its consolidated net profit. Despite recent investments in key markets, the company faces challenging market conditions.
Cyril Amarchand Mangaldas Advises Blackstone on Major Real Estate Stake Acquisition
Cyril Amarchand Mangaldas, one of India's leading law firms, provided comprehensive legal advice to Blackstone on its recent acquisition of a significant stake in the Bagmane Group's Special Purpose Vehicles (SPVs). The deal, which includes multiple real
Nexpoint Real Estate Finance Surpasses Q1 2025 EPS Expectations, Stock Temporarily Dips
Nexpoint Real Estate Finance Inc (NREF) has announced its first-quarter 2025 financial results, surpassing earnings per share (EPS) forecasts. Despite the positive news, the stock experienced a slight dip, raising questions among investors. The company's strategic focus on life science leasing has been particularly notable in this quarter's performance.
Pune-Bengaluru Expressway: A 7-Hour Journey Spurring Real Estate Growth
The Pune-Bengaluru Expressway, set to reduce travel time to 7 hours, is expected to drive real estate and infrastructure development in Maharashtra and Karnataka, attracting significant investment.
Operation Sindoor: The Reality Behind the Political Posturing
The Indian government's use of women officers to project a secular and professional image has been marred by communal and paternalistic remarks, highlighting the gap between optics and reality.