Panchshil Realty subsidiary sells 4.8-acre land parcel in Pune’s Wagholi
Panchshil Realty affiliated entity Wagholi Estates has sold a prime land parcel spread over 4.8 acres in Pune's Wagholi locality to a city-based realty developer Vilas Javdekar Infinitee Developers for over Rs 103 crore.
The plot sold is part of this larger land parcel on which Panchshil Realty is developing an information technology park.
“We are developing a 4.5 million sq ft IT park-led project in Wagholi and out of this large layout, 1 million sq ft residential potential to be built over nearly 5 acres has been sold through this deal. This is part of our new concept of mixed use including residential and commercial spaces,” said a Panchshil Realty spokesperson while confirming the transaction.
The buyer has paid stamp duty worth Rs 7.21 crore for the registration of the transaction that took place on October 21, showed the documents accessed through realty data analytics firm Propstack.
Wagholi Estates is a wholly owned subsidiary of Panchshil Realty Developers, which is held by the family of Atul Chordia’s family, the chairman of Panchshil Group. Wagholi Estates was incorporated in May 1993 under the name Shahenshah Properties and it was rechristened to the current name in April 2024.
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