Kohinoor Group acquires 32 acre land for Rs 200 cr in Pune

15 Feb 2022 CW Team

Kohinoor Group acquired 32 acres of land parcel for Rs 200 crore in Pune from Goel Ganga Group for mixed development use.

Anarock Capital facilitated the deal between the groups and concluded the land deal for 32 acres of prime land at Wagholi.

The land has an overall development potential of about four million sq ft to cater to mid-segment homebuyers, with units priced between Rs 55-80 lakh.

CEO and Managing Director of Anarock, Shobhit Agarwal, said that the company enabled transactions between the real estate firms.

He said Pune is on a sustained upswing, driven by its resilient IT sector and increased demand for homeownership amid the Covid-19 pandemic. Wagholi is now a hotbed of residential and commercial real estate projects.

Joint Managing Director of Kohinoor Group, Vineet Goyal, said that the company would develop a premium residential and IT office space with reputed school and lifestyle amenities.

President of Anarock Capital Pune, Mohammed Aslam, said Wagholi has around 29,400 housing units launched since 2013.

The land prices in Pune range between Rs 1,800-2,000 per sq ft and residential projects, with 200-500 mid-segment housing and large projects of 500 units. Pune is emerging as the largest real estate market in India.

Pune has many large developers from other parts of the country, including Marcotech Developers, Godrej Properties, Shapoorji Pallonji Real Estate, Kalpataru Group, Mahindra Lifespace Developers Limited, Sobha, Prestige Group, Puravankara Limited, and others.

Image Source

Also read: Kohinoor Group announces seven residential projects in Pune

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..