UC Punawale Skyscrapers Acquires Land in Punawale in Pimpri-Chinchwad for ₹129 Crore

Pune, February 19, 2025: UC Punawale Skyscrapers LLP has acquired a land parcel in Punawale in Pimpri-Chinchwad, Pune, for INR 129 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration. The transaction was officially registered in February 2025.

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 per cent 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.”

Punawale, a rapidly developing suburb in Pimpri-Chinchwad, Pune, is 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 makes Punawale a well-rounded choice for modern living.

According to IGR property registration documents reviewed by Square Yards, the land parcel involves a total transacted area of 2.38 hectare (~28,465 square yards), with a stamp duty of INR 9.03 crore and a registration fee of INR 30,000.

According to Square Yards’ Project Data Intelligence, 5,169 transaction amounting to a gross transaction value of INR 2,827 crore were registered with IGR in Punawale in Pimpri Chinchwad, between January 2024 and December 2024. Currently, the average price of residential property in Punawale stands at INR 9,666 per sq. ft. UC Punawale Skyscrapers LLP is a Limited Liability Partnership firm that was established on January 17, 2025, in India. Its registered office is located in Pune City, Maharashtra.