UC Punawale Skyscrapers Acquires Land in Pune for ₹129 Cr
UC Punawale Skyscrapers LLP has purchased a land parcel in Punawale, Pimpri-Chinchwad, Pune, for ₹129 crore, as per property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra website.
Punawale is rapidly emerging as a prime residential hub due to its proximity to Hinjewadi IT Park and seamless connectivity via Mumbai Highway (NH-48). With upcoming gated communities, reputed developers, and improving infrastructure, the area is attracting homebuyers and investors. Easy access to schools, hospitals, and retail hubs like City One Mall further enhances its appeal for modern living.
Anand Moorthy, Co-founder and CBO, Capital Market & Services, Square Yards said, "Pimpri-Chinchwad has firmly established itself as a key residential market, consistently accounting for 40-45% of Pune’s overall quarterly residential registered transaction volume. Its appeal lies in a balanced mix of affordability and connectivity—offering working professionals’ seamless access to key commercial hubs via NH-48, while maintaining a price advantage over central Pune. This growing demand in localities such as Punawale, Ravet, and Tathawade amongst others has drawn strong interest from both national and local developers. Recent land acquisitions further validate developer confidence, with both national and local players expanding their portfolios to cater to this demand. Given its strategic location and availability of low-to-mid segment properties, the localities in Pimpri-Chinchwad are poised for sustained residential growth owing to end-user demand in the coming years.”
