UC Punawale Skyscrapers LLP Completes Acquisition of Rs. 129 Crore Land in Punawale
UC Punawale Skyscrapers LLP has acquired a land parcel in Punawale, Pimpri-Chinchwad, for Rs. 129 crore, as per property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) Maharashtra. The transaction was officially registered in February 2025. The deal reflects the growing interest in the Pimpri-Chinchwad region, which has been witnessing an increase in real estate transactions due to its connectivity, affordability, and development potential.
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% 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 fast-growing suburb in Pimpri-Chinchwad, is attracting attention from developers and homebuyers due to its proximity to Hinjewadi IT Park and its accessibility via Mumbai Highway (NH-48). The presence of reputed developers and upcoming gated communities is contributing to its emergence as a sought-after residential hub. The locality also benefits from access to schools, hospitals, and retail centers such as City One Mall, making it a well-rounded destination for urban living.
As per IGR property registration documents reviewed by Square Yards, the land parcel in question spans a total area of 2.38 hectares, approximately 28,465 square yards. The stamp duty paid for the transaction amounts to Rs. 9.03 crore, while the registration fee stands at Rs. 30,000. The significant investment in land acquisition by developers highlights the growing demand for residential spaces in the area.
The increasing real estate activity in Punawale is further supported by data from Square Yards' Project Data Intelligence. Between January 2024 and December 2024, a total of 5,169 transactions were recorded in Punawale, with a gross transaction value amounting to Rs. 2,827 crore. The current average price of residential property in the locality stands at Rs. 9,666 per square foot, reflecting the steady appreciation of property values in the region.
The demand for housing in Pimpri-Chinchwad continues to be driven by end-users seeking affordability and connectivity. The expansion of commercial hubs, along with infrastructure improvements, is fueling further development in the region. As national and local developers increase their presence in areas like Punawale, the locality is expected to witness sustained growth in residential real estate.
UC Punawale Skyscrapers LLP, a Limited Liability Partnership firm, was incorporated on January 17, 2025, in India. The firm has its registered office in Pune City, Maharashtra. The acquisition of land in Punawale is in line with the broader trend of developers actively investing in key growth corridors to meet the increasing demand for housing. The steady influx of homebuyers and investors, along with ongoing infrastructure development, is likely to strengthen the residential market in the coming years.
