Pune: Gokhale Constructions Secures 3.5 Acres of HND Trust Land in Model Colony for Rs. 311 Crore
Pune, 15th May 2025: Gokhale Constructions, a well-established real estate developer with a two-decade legacy, has acquired a 3.5-acre plot from the HND Trust in Model Colony for a staggering Rs. 311 crore. This strategic move positions the company to expand its footprint in one of Pune's most sought-after areas.
Real EstateGokhale ConstructionsModel ColonyLand AcquisitionPuneReal Estate PuneMay 15, 2025
The land in Model Colony is strategically located, making it a prized asset for developers. Model Colony is known for its well-planned infrastructure, green spaces, and close proximity to key commercial and residential areas in Pune. This acquisition will enable Gokhale Constructions to tap into the growing demand for premium real estate in the region.
Gokhale Constructions has a strong track record of delivering high-quality projects that meet the evolving needs of its clients. Over the years, the company has developed a range of commercial complexes, residential apartments, and integrated townships that have set new benchmarks in the industry. The acquisition of this land plot is expected to further solidify Gokhale Constructions' position as a leading player in the Pune real estate market.
Speaking on the acquisition, Mr. Rohit Gokhale, Managing Director of Gokhale Constructions, said, 'We are thrilled to add this prime land plot in Model Colony to our portfolio. This acquisition aligns perfectly with our growth strategy and will enable us to deliver world-class projects that cater to the needs of our discerning clients. We are committed to leveraging our expertise and resources to create a landmark development that will enhance the quality of life in Model Colony and contribute to the overall development of Pune.'
The HND Trust, a philanthropic organization known for its contributions to education and healthcare, has been the custodian of the land for several years. The trust has now decided to divest the property to fund its various initiatives. The sale of the land will enable the HND Trust to invest in new projects and expand its reach, benefiting the community in multiple ways.
The acquisition of the 3.5-acre plot in Model Colony is expected to catalyze further development in the area. Real estate experts predict that this move will attract more investors and developers to the region, driving property values and economic growth. Gokhale Constructions is poised to lead the way with its visionary approach and commitment to excellence.
In conclusion, the acquisition of the 3.5-acre land plot in Model Colony by Gokhale Constructions is a testament to the company's strategic planning and market acumen. With this significant investment, Gokhale Constructions is set to make a lasting impact on the Pune real estate landscape and deliver projects that will stand the test of time.
Frequently Asked Questions
What is the value of the land acquisition by Gokhale Constructions?
Gokhale Constructions has acquired a 3.5-acre plot in Model Colony for Rs. 311 crore.
Who is the seller of the land in Model Colony?
The land was sold by the HND Trust, a philanthropic organization known for its contributions to education and healthcare.
What are the plans for the acquired land in Model Colony?
Gokhale Constructions plans to develop high-quality residential and commercial spaces on the acquired land, enhancing the quality of life in Model Colony and contributing to the overall development of Pune.
What is the strategic importance of Model Colony in Pune?
Model Colony is known for its well-planned infrastructure, green spaces, and close proximity to key commercial and residential areas in Pune, making it a prime location for real estate development.
How will the sale of the land benefit the HND Trust?
The proceeds from the sale will enable the HND Trust to invest in new projects and expand its reach, benefiting the community in multiple ways.
Related News Articles
NCR Housing Market Sees Remarkable Growth: What's Driving the Surge?
Discover the factors behind the 49% increase in average residential prices in NCR over the past five years and its impact on the real estate market.
UP RERA Mandates QR Codes for Realty Projects in Brochures and Advertisements
Uttar Pradesh Real Estate Regulatory Authority introduces QR codes for new real estate projects to ensure transparency and accountability.
India's Economy Needs a Bold Stroke: Redesigning the Capital Gains Tax Structure for Growth
In order to rebuild growth, India's budget needs to focus on resource mobilization and allocation, and that requires a bold approach, including redesigning the capital gains tax structure and letting the rupee fall to encourage local manufacturing.
Government Proposes Amendment to LTCG Tax on Real Estate Transactions
The government has introduced a change to the Long-Term Capital Gains (LTCG) tax on real estate transactions, scrapping the indexation benefit for properties bought in and after 2001.
Investment Alert: Avoid Metals and Consumer Staples Sectors, Warns Jyotivardhan Jaipuria
Jyotivardhan Jaipuria, Founder & MD of Valentis Advisors, advises against investing in metals and consumer staples sectors due to China's dominance and high valuations.
Why Real Estate is the Best Asset Class to Invest in
How to participate in real estate investments, renting your property, commercial real estate, real estate investment trusts (REITs), and more.