Kohinoor Group acquires 32 acre land for Rs 200 cr in Pune

Kohinoor Group acquired 32 hectares of land for Rs 200 crore in Pune from Goel Ganga Group for mixed use development.

Anarock Capital facilitated the deal between the groups, closing the land deal for 32 acres of prime land in Wagholi.

The country has an overall development potential of about four million square feet to cater to mid-range home buyers, with units priced between Rs 55-80 lakh.

Anarock CEO and CEO Shobhit Agarwal said the company facilitated transactions between the real estate companies.

He said Pune is experiencing an ongoing upswing, driven by the resilient IT sector and increased demand for home ownership amid the Covid-19 pandemic.

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