Peninsula Land launches addressOne Central Park in Pune
Peninsula Land, part of the Ashok Piramal Group, has announced the launch of addressOne Central Park to develop 600-plus apartments in Gahunje, Pune. Spread across 5.26 acres of land, addressOne Central Park is strategically located on the Mumbai-Pune expressway on the Pune side, next to the MCA cricket stadium. AddressOne is Peninsula Land’s first affordable luxury project in Pune. The project is designed by renowned architect Hafeez Contractor. In its first phase, the company launched approximately 900 units, which was one of the most successful launches for the company.
Rajeev Piramal, vice chairman & MD, Peninsula Land. Rajeev Piramal, vice chairman & MD, Peninsula Land, said, “We are very excited about the launch of addressOne Central Park after receiving an overwhelming response for our phase one launch. We plan to invest a further Rs 160 crore in developing 600 apartments in the second phase. At Peninsula Land, we believe in providing homes that are affordable and yet offer luxurious amenities to our customers. Our project addressOne is a perfect testimony of this philosophy.” He further added, “With growing urbanisation, India has a huge demand for affordable homes and to give the necessary fillip to this sector, the Government too has provided several initiatives for the affordable housing sector. In the interim budget, to push the Housing for All initiative, the Government has announced a set of tax reforms for the real estate sector. This will certainly boost the demand for the affordable housing sector.” The development is situated in the midst of lush greenery. It offers amenities like a clubhouse with a community hall, gymnasium, swimming pool, cricket nets, cycling track, football field, etc., to name a few. Its strategic location just off the Mumbai-Pune Expressway connects the project to Hinjewadi, which is less than 10 kms away.