Anarock Group has announced the sale of a 5.76-acre land parcel on Wellesley Road in Sangamwadi, Pune. Sudarshan Chemical industries, a leading global player of colour and effect pigments, has sold this land to Birla Estates, the real estate arm of the Aditya Birla Group, housed under Century Textiles and Industries.
Rajesh Rathi, MD, Sudarshan Chemical Industries, says, “This deal would not have been possible without Anarock Group and rawford Bayley & Co., legal advisors to the transaction.”
Anuj Puri, chairman, Anarock Group, said, “This deal underscores Pune’s importance as a preferred residential real estate destination. Only recently, we concluded another land transaction for 12.5 acres in Wagholi. Driven by the ceaseless demand for high quality real estate in the city, leading developers have been on a land acquisition spree.”
This acquisition comes at a time when Pune’s real estate market is breaking all previous records, with high-end housing stealing the show. Q1 2023 housing sales data by Anarock indicates that of a total of 1.14 lakh units sold across top 7 cities in Q1 2023, approx. 24% were in the high-ticket segment priced >Rs 1.5 cr. MMR and Pune accounted for a massive 48% of the overall sales in the quarter, with Pune recording an annual sales increase of 42%.
