UC Punawale Skyscrapers Secures Prime Land in Pimpri-Chinchwad for Landmark Development

In a significant real estate transaction, UC Punawale Skyscrapers has acquired a prime 2.38-hectare land parcel in Punawale, Pimpri-Chinchwad, for INR 129 crore. The deal, officially registered in February 2025, was confirmed through property records accessed on the Inspector General of Registration (IGR) Maharashtra website.

Punawale: A Rapidly Emerging Real Estate Hotspot

Located in Pimpri-Chinchwad, Punawale has gained momentum as a sought-after residential hub. The suburb’s proximity to Hinjewadi IT Park and its strategic connectivity via the Mumbai-Pune Highway (NH-48) have fueled its rapid urban development, attracting both homebuyers and investors.

Seamless Connectivity and Infrastructure Growth

Punawale’s location ensures seamless access to key destinations, including Baner, Wakad, and Balewadi, which are among Pune’s prime business and residential hubs. The upcoming metro corridor and well-established road networks further boost the area's real estate appeal, making it a prime target for developers.

Growing Demand for Premium Residential Projects

With reputed developers launching high-rise gated communities and infrastructure steadily improving, Punawale is witnessing a surge in demand for premium residential projects. The area boasts proximity to renowned educational institutions, healthcare centers, and commercial spaces, including City One Mall and Xion Mall.

Financials of the Land Deal

The total transaction value of INR 129 crore includes a stamp duty payment of INR 9.03 crore and a registration fee of INR 30,000. This significant acquisition is expected to pave the way for a high-end residential or mixed-use project, further enhancing Punawale’s skyline.

Market Experts Weigh In

Real estate analysts suggest that the acquisition signals strong investor confidence in Punawale’s growth potential. The suburb is witnessing escalating property values and consistent infrastructure upgrades, making it a lucrative real estate destination in the Pune Metropolitan Region (PMR).

Key Highlights

• UC Punawale Skyscrapers acquires 2.38 hectares of land in Pimpri-Chinchwad for INR 129 crore
• Transaction officially registered in February 2025
• Punawale is a rapidly growing real estate hub with seamless connectivity via NH-48
• Close proximity to Hinjewadi IT Park, Baner, Wakad, and Balewadi
• Stamp duty paid: INR 9.03 crore; Registration fee: INR 30,000
• Upcoming metro and infrastructure projects enhancing real estate value
• Market experts highlight Punawale’s increasing demand for premium residential developments

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