Getty ImagesPune-based real estate developer Aswani Promoters and Builders has entered into an agreement with another local property developer for a mixed-use development spread over nearly 2.2 million sq ft in Balewadi.
The project, which is currently under approval stage, will be a mid-segment residential development along with some supporting commercial development.
In a separate development, another Pune-Based real estate developer raised Rs 130 crores for its premium residential project. The funds have been raised for a premium residential complex spread across around half a million sq ft.
Both the transactions were facilitated by property consultant Colliers’ Capital Markets & Investment Services team of West India.
“Pune Real Estate market continues to be resilient, and has witnessed robust activities in terms of sales, launches, investments and portfolio growth. These two transactions reaffirm the faith of investors and the developers in the growth story of the Pune market,” said Piyush Gupta, Managing Director, Capital Markets and Investment Services, Colliers India.
This investment and transaction are concluded in the backdrop of the Pune market recording healthy growth since last year with prices of residential properties increasing by about 3% year-on-year, according to CREDAI-Colliers-Liases Foras Housing Tracker Report 2022, adding that the unsold inventory dropped 11% on a year-on-year basis.
The project, which is currently under approval stage, will be a mid-segment residential development along with some supporting commercial development.
In a separate development, another Pune-Based real estate developer raised Rs 130 crores for its premium residential project. The funds have been raised for a premium residential complex spread across around half a million sq ft.
Both the transactions were facilitated by property consultant Colliers’ Capital Markets & Investment Services team of West India.
“Pune Real Estate market continues to be resilient, and has witnessed robust activities in terms of sales, launches, investments and portfolio growth. These two transactions reaffirm the faith of investors and the developers in the growth story of the Pune market,” said Piyush Gupta, Managing Director, Capital Markets and Investment Services, Colliers India.
This investment and transaction are concluded in the backdrop of the Pune market recording healthy growth since last year with prices of residential properties increasing by about 3% year-on-year, according to CREDAI-Colliers-Liases Foras Housing Tracker Report 2022, adding that the unsold inventory dropped 11% on a year-on-year basis.
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