Pune (Voice news service):- JLL announced that it has facilitated a land transaction at Koregaon Park, Pune for Godrej Properties.
This ~ 4 acre land parcel will have a developable potential of approximately 7.5 lac square feet of luxury residential and retail spaces.
Koregaon Park is one of the most premium residential micro markets in Pune and has an established physical and social infrastructure. Koregoan Park offers easy access to ample residential, office and retail developments along with hotels, hospitals, schools, and more, making it an attractive destination. The location offers excellent connectivity to all major social and commercial hubs of Pune city. Gaurav Pandey, MD & CEO, Godrej Properties, said, “We are happy to acquire this land parcel in one of the most premium locations in Pune.
The demand for luxury realty has been strong over the past few years. This will be our first luxury development in the city, and we will aim to build an outstanding residential community that creates long term value for its residents.”
Sanjay Bajaj, Managing Director, Pune, JLL said, “Koregaon Park is fast emerging as a top-notch office destination with prominent developers like RMZ Corp, Godrej, Amar Builders and more adding approx 4 million sq ft of supply over the next three years. Additionally, large captive campuses are also planned in the location which would lead to job opportunities and demand for housing in the vicinity.”
“The social infrastructure in Koregaon Park is phenomenal and hosts several premium retail spaces and restaurants making this location very attractive for both tenants and residents. An upcoming mall, riverside road, and metro line shall further improve connectivity to the location.” added Bajaj.
