Rajiv Bajaj’s Rishabh Family Trust Acquires Land Plot in Koregaon Park, Pune for Rs. 72 Crore

The Rishabh Family Trust, with Rajivnayan Bajaj as one of its trustees, has acquired a land parcel in Pune’s Koregaon Park for Rs. 72 crore, according to report by Square Yards. Koregaon Park is known for its luxury homes, cafes, boutique stores, and active lifestyle, making it a prime location for real estate investments. The area’s central position, proximity to Pune’s airport, and good connectivity add to its appeal.

The purchase includes a 4,667.30-square-meter (approximately 1.15 acres) plot, along with a bungalow and an outhouse situated on the property, according to Square Yards. The built-up area amounts to 1,493.70 square meters (approximately 16,079.68 square feet). The transaction was carried out under the Rishabh Family Trust, with Deepa Bajaj, wife of Rajivnayan Bajaj, serving as the signatory.

Koregaon Park has long been a preferred area for both residential and commercial investments. The location offers easy access to Pune’s airport and key city areas, making it a practical choice for property buyers. The mix of luxury homes, commercial spaces, and lifestyle amenities has made Koregaon Park a favored spot for those seeking a well-connected neighborhood with investment potential. The area’s real estate market has grown steadily over the years, further proving its attractiveness as an investment hub.

The acquisition also includes a stamp duty of Rs. 5.04 crore and a registration fee of Rs. 30,000, according to Square Yards. This acquisition adds to the Bajaj family’s increasing investments in Pune’s property market, which has seen consistent growth in recent years. Koregaon Park’s steady demand is a sign of its strong position as a preferred location for both residential and commercial purposes.

Rajivnayan Bajaj, Managing Director of Bajaj Auto, is a key figure in India’s industrial sector. Under his leadership, Bajaj Auto introduced the Pulsar range of motorcycles, which helped the company strengthen its position in the competitive two-wheeler market. Rajivnayan is also part of the Bajaj Group, a conglomerate founded in 1926 by Jamnalal Bajaj. The group operates in various sectors, including automobiles, financial services, and renewable energy. With nearly 1,00,000 employees, the Bajaj Group is one of India’s largest business entities.

The purchase in Koregaon Park reflects the growing interest in the area from high-profile individuals and families. Its reputation as a well-connected and peaceful neighborhood makes it an attractive investment option. The area’s infrastructure and development projects continue to evolve, further enhancing its status as a top real estate location in Pune.

Koregaon Park has consistently proven its value over the years, with demand for properties remaining strong. As per 99acres.com, the average property rate in Koregaon Park, Pune is ₹16,200 per square foot, reflecting a significant 54.3% increase in prices over the past five years. The locality offers a variety of property options, with 1 BHK apartments ranging from ₹60.6 Lakh to ₹75 Lakh, 2 BHKs priced between ₹1.13 Crore and ₹2 Crore, 3 BHKs from ₹2.04 Crore to ₹3.4 Crore, 4 BHKs costing between ₹5.13 Crore and ₹14.75 Crore, and 5 BHKs ranging from ₹7.25 Crore to ₹14.65 Crore. 

Known for its central location, proximity to the airport, and vibrant lifestyle, Koregaon Park continues to be a highly sought-after area for residential and commercial investments  As Pune continues to grow, Koregaon Park will likely remain a significant part of the city’s property market.