Anant Raj Limited Reports 78% Increase in PAT for Q2 FY2024

29th Oct 2024: Anant Raj Limited, a prominent player in the real estate sector, announced its financial results for the quarter ending September 30, 2024, highlighting strong growth in revenue, profit, and shareholder returns.

The company reported a remarkable 78% year-oveARLr-year increase in Profit After Tax (PAT), which rose to ₹104.44 crores from ₹58.74 crores in Q2 FY2024. Revenue from operations saw a significant 54% boost, reaching ₹512.85 crores, compared to ₹332.28 crores during the same period last year.

Additionally, Earnings Per Share (EPS) climbed by 67% to ₹3.09, from ₹1.85 in Q2 FY2024, further underscoring the company’s solid financial position and value to shareholders.

The robust financial performance reflects Anant Raj’s strategic focus on high-growth areas and its commitment to operational efficiency. In line with its vision for sustainable expansion, the Board also approved key initiatives to fuel future growth, including a Qualified Institutional Placement (QIP) to raise up to ₹2,000 crores for expansion and development projects. These steps align with Anant Raj’s dedication to enhancing its market presence and delivering greater value to its stakeholders.

Magicbricks Survey: Most Homebuyers Expect Significant Property Price Growth of 6-15%

New Delhi, October 29, 2024: Magicbricks, India’s leading real estate platform, highlights an increasing inclination towards residential real estate as a favored investment option. According to the platform’s latest survey of high-intent homebuyers, those with annual household incomes between INR 20-30 lakh are showing the strongest preference for purchasing homes, signaling rising aspirations within the middle-income segment. These buyers are mainly considering investments in the INR 75 lakh to 1 crore range.

Survey results indicate that a majority of homebuyers expect property prices to rise by 6-15% over the next 12 months, citing capital appreciation and rental yields as key motivators. Among respondents, 35% view return on investment (ROI) through property appreciation as their primary reason for buying, while 22% are motivated by rising rental yields. Notably, most homebuyers did not see inflation as a deterrent in their purchasing decisions.

The survey also reveals that buyers are willing to invest 4-5 times their annual income in residential properties. Households earning INR 20-30 lakh annually are focusing on homes priced between INR 75 lakh and 1 crore, while those in the INR 30-50 lakh income bracket are leaning towards properties in the INR 1-1.5 crore range. For households with an annual income exceeding INR 1 crore, the preferred budget is typically between .

The findings underscore a positive sentiment in the housing market, driven by the dual expectations of capital growth and increased rental income.

Real Estate Rises as Women’s Preferred Investment Asset This Dhanteras

Kolkata, October 28: As Dhanteras approaches, the rise in gold prices is impacting buying trends, with modern women increasingly shifting their focus from gold to real estate. A recent survey by Anarock reveals that women are emerging as a significant group in the homebuying market prioritizing long-term financial security and asset-building through property, especially as gold prices soar. 65% of women prefer to invest in real estate, compared to just 8% choosing gold and 20% opting for the stock market. Only 7% of women are inclined toward fixed deposits. The study also highlights that a majority of women investing in real estate—77%—view property as an investment opportunity, while 23% purchase homes for self-use.

Mr B.P Singha Roy, COO of Keventer Realty said, “As the professional landscape continues to evolve, so too does the role of women, with their growing presence in the workforce and increasing financial independence, women are emerging as a powerful force in the real estate market. At Keventer Realty, we recognise and celebrate the rise of woman power, not only the homemaker but also the new class of homebuyers, making informed decisions and fulfilling their dreams.”

Mr Manmeet Singh Realty Consultant said, “Women are increasingly recognising the long-term investment potential of real estate, viewing property ownership as a means of building wealth and securing their financial future.”

Ms. Meenakshi Basu, headmistress of Mahadevi Birla Shishu Vihar, said, “The financial literacy programmes and online resources are empowering young women to gain insights into SIPs, Mutual Funds, and real estate, and grasping the advantages of mortgages, tax benefits, and property appreciation.”

Aidrila Bagchi Mukherjee, a young banker, shared that being in the banking sector has allowed her to observe the long-term security provided by property ownership, both financially and personally.

Economics teacher of G. D. Birla Centre for Education, Chandra Prakash Pandey echoed this sentiment, stating, “Investment in Real Estate has stable and long-term gain potential, and borrowing is currently affordable due to low interest rates, offering additional tax benefits.”

Mr. D.N. Banerjee, Head of the Commerce Department at Ashok Hall Girls’ Higher Secondary School noted that rising gold prices are driving women to explore real estate as a stable, long-term investment, reflecting a shift from traditional festive gold purchases to financial diversification.

Gurgaon Drives NCR’s Luxury Real Estate Surge with Over ₹1 Lakh Crore in Developments

Gurgaon Leads NCR’s Luxury Real Estate Boom with Over ₹1 Lakh Crore in New ProjectsGurgaon has firmly established itself as the top luxury real estate market in the National Capital Region (NCR), driven by an influx of high-end residential projects and robust demand from affluent buyers. According to a recent CBRE report, sales of properties priced over Rs 4 crore surged by 38% from January to September 2024 across major Indian cities, with Delhi-NCR taking the lead. Gurgaon’s growing appeal is supported by extensive infrastructure upgrades and a rising interest in premium housing.

Top developers like DLF, TARC, and Max Estates have rolled out significant projects in Gurgaon, while M3M, Smartworld, and Paras Buildtech are also advancing their luxury ventures across the city. DLF’s latest offering, Dahlias, represents one of the largest launches, with units starting at 9,500 sq. ft., helping the company maintain its substantial 25% share in the ultra-luxury market over the past five years.

In line with Gurgaon’s demand for upscale housing, Smartworld Developers recently achieved record sales, selling all 900 units of its high-end residential project, Smartworld Sky Arc, within 36 hours of RERA approval. “The Gurugram real estate market is already heating up,” said Vivek Singhal, CEO of Smartworld Developers, who pointed to Golf Course Extension Road and Dwarka Expressway as key hotspots for affluent buyers.

The demand is also fueling a trend for exclusive amenities and spacious condominiums, with developers noting a significant rise in buyers’ expectations. Kunal Rishi, COO of Paras Buildtech, emphasized, “We have recently witnessed a strong surge in demand for luxury condominiums, particularly in Gurugram, with buyers increasingly inclined toward exclusive properties that offer a superior lifestyle.”

The festive season has further intensified the market’s growth, a point underscored by Shashank Vashishtha, Executive Director of Exp Realty India. He remarked, “The festive season has bolstered demand, with many buyers eager to invest in luxury projects during this auspicious time.” He noted that Gurgaon’s strategic layout, social infrastructure, and thriving commercial sector have positioned it as one of Northern India’s most attractive realty destinations, especially for NCR’s high-net-worth individuals.

As Gurgaon’s luxury real estate market strengthens, experts forecast continued growth through 2025, driven by expanded infrastructure, increased connectivity, and a sustained influx of high-end buyers. The city’s development trajectory is expected to reinforce its dominance in NCR’s premium housing sector well into the future.

Signature Global Partners with Capacit’e, Awarding RS 1203 Crore for ‘Titanium SPR’ Construction

New Delhi, 28th October,2024: Signature Global, among one of the India’s leading real estate developers, announced that it has awarded the construction contract for its premium residential project, Titanium SPR at Sector 71, Gurugram. The contract worth Rs 1203 crore has been entrusted to the renowned construction company, Capacit’e Infraprojects Limited.

Spanning across 14.382 acres, Titanium SPR has a total 608 units comprising of 3.5 BHK and 4.5 BHK. Being developed as a two-phase project with a total sales potential area of 3.7 million sq. ft. the first phase comprises 2.1 million sq. ft. was launched in the month of June 2024. The project has garnered an overwhelming response achieving a remarkable pre-sale numberof over₹2700 crore.

Mr. Pradeep Aggarwal, Chairman and Whole-Time Director of Signature Global, said, “Titanium SPRexemplifies our commitment to providing premium living experiences. Despite being one of our first premium projects, it has garnered tremendous response from customers, and we are committed to uphold the highest standards of quality throughout its development. By partnering withCapacit’e Infraprojects, we are confident that Titanium SPR will emerge as a landmark in the Delhi NCR region, offering modern homebuyers the perfect blend of luxury, comfort, and convenience.”

Strategically located in Sector 71, Gurugram alongside Southern Peripheral Road (SPR), Titanium SPR is an iconic development crafted to redefine premium living. The project would offer 26-feet and 28-feet-long decks, along with triple height entrance lobby and 7 lagoon pools designed by renowned international architects, such as DPC from Singapore, MPFP from the USA, Confluence, NMP Design, Senelac Consultants, and Vintech Consultants.

Inspired by Singaporean architecture, Titanium SPR offers features 40-story high-rise towers offering breath-taking cityscape views, with layouts ensuring no balconies overlook each other. The elevated green spaces, such as the sky garden on the 30th floor, and sky terrace on the 40th floor provide serene retreats with panoramic vistas. The project includes over 55 exclusive amenities, from lagoon pools, sensory gardens, a Miyawaki forest, and state-of-the-art recreational facilities. It also hosts Club Elevate that span across 57,000 sq ft with a double-height entry, a multipurpose hall with a pool facing view, fine dining options, a fully-equipped gym, a Zumba studio, spa and sauna facilities, an on-site salon, a co-working space, and other community spaces for its residents, creating a resort-like ambiance within the residential enclave.

Southern Peripheral Road is widely viewed as one of the most promising locations of National Capital Region. At sector 71 Gurgram which is alongside SPR, Signature Global holds prime land parcels at having a developable potential of 17 million sq. ft.

Syntel by Arvind Unveils NEOS TeleStar IP PBX System in Mumbai and Delhi: A Revolutionary Leap in Unified Communications

Mumbai, India – October 26th, 2024 – Syntel by Arvind, a leader in next-generation communication solutions, proudly announced the launch of its innovative NEOS TeleStar IP PBX system during an exclusive event at The Orchid Hotel in Mumbai on 15th October 2024, followed by launch in Delhi on 18th October 2024 at Crowne Plaza, marking a significant milestone in the evolution of business communications.

NEOS Telestar 02

The NEOS TeleStar is a state-of-the-art IP PBX system tailored to meet the demands of modern businesses. It offers a robust, scalable, and feature-rich solution that seamlessly integrates traditional and VoIP telephony. With scalability ranging from 16 to 670 ports (IP + TDM), NEOS TeleStar is designed to grow alongside businesses, ensuring seamless connectivity and enhanced communication efficiency.

Key Features of NEOS TeleStar:

Expansion Capacity: Supports 16 to 670 ports (IP + TDM).
Web-based Programming Interface: Enables remote system configuration and monitoring, minimizing downtime.
Security: Enhanced with AES-256 bit encryption and TLS/sRTP for secure communications.
Advanced Functionality: Includes inbuilt voice logger, voicemail, auto-attendant, conferencing, and call routing.
Seamless Communication Clusters: Connects up to 127 systems over IP for centralized management across multiple locations.
High Storage Capacity: Capable of storing up to 12,000 minutes of recordings.

NEOS Telestar 04

The launch of NEOS TeleStar has bought industry leaders and partners together giving them a firsthand experience on how NEOS TeleStar is set to revolutionize business communications. Commenting on the launch Mr. Paresh Shetty, CEO of Syntel by Arvind says “NEOS TeleStar represents a new era of Unified Communications. With its future-proof design, NEOS TeleStar is positioned to meet the evolving needs of businesses in today’s fast-paced environment. It empowers businesses to enhance productivity, reduce costs, and streamline communication processes.”

About Syntel by Arvind

Syntel by Arvind is part of Arvind Limited, one of India’s most respected conglomerates, with over 30 years of experience in Enterprise Telephony and Unified Communication solutions. The company has a strong presence in Enterprise Communication, Network Infrastructure, Audio-Visual System Integration, and Security & Surveillance solutions.

Stunning Growth: Residential Supply in Noida Rises 50% in Just 30 Days, Reports Magicbricks

Noida, October 25, 2024: With the festive season nearing, the Indian real estate market is experiencing a surge in both residential demand and supply. According to Magicbricks, India’s leading real estate portal, Noida’s residential inventory increased by 50% in just one month, driven by heightened interest from potential buyers.

Sector 75 emerged as the top supply hotspot, with a 20% increase and prices reaching INR 13,113 psf, followed by Sector 150 with a 10.55% rise at INR 11,875 psf, and Sector 128 with an 8.7% increase to INR 14,120 psf.

To tap into the season, developers in Noida, including Ajnara Homes, Mahagun Mywoods, and Exotica Dreamville, have rolled out special offers to attract homebuyers. Ranging from discounts, cashback options, and flexible payment plans. Additionally, some projects may offer benefits like zero stamp duty, no GST, or free modular kitchen installations to make the home-buying process more appealing during the festive period​.

Magicbricks data reveals the city’s average residential rate at INR 11,625 psf, with prices varying across property types: builder floors at INR 3,800 psf, multistorey apartments at INR 10,100 psf, residential houses at INR 17,000 psf, and luxurious villas at INR 18,900 psf.

Notably, demand for under-construction properties has surged, driving prices up by 69% YoY, from INR 7,547 psf in Q3 2023 to INR 12,758 psf in Q3 2024.

Magicbricks is India’s No.1 property site

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.

With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.

Sushma Group to Enhance Living Standards with 500+ Possessions in Upcoming FY 24-25 Projects

Sushma Group, a leading name in Punjab’s real estate market, is all set to deliver 500+ more possessions in the FY-24-25 across its four premium residential projects : Sushma Valencia, Sushma Grande NXT, Sushma Joy Nest MOH 1, and Sushma Joy Nest ZRK 1. Having already delivered 300+ homes in this FY the group is geared to mark milestones and underscore its commitment to delivering quality homes in key locations across Zirakpur and Mohali.

Strategically located on the 200-ft-wide PR-7 Airport Ring Road, Sushma Valencia offers exquisite 3BHK villa floors featuring the timeless elegance of classic Spanish architecture. As a part of the region’s largest organized mega township, the project is distinguished by its expansive design, with more than 45% open green spaces, lush lawns, and up to 60-foot-wide internal roads with service lanes. Villa floors are equipped with elevators for enhanced comfort. The project is adjacent to a renowned school and is within close proximity to a proposed hospital, international food chains, hotels, retail outlets, and an entertainment hub, making it a perfect blend of luxury and convenience.

valencia

Mr. Aggarwal, a satisfied buyer of Sushma Valencia, expressed, “We are extremely grateful to Sushma Group; through them, we found our dream home at Sushma Valencia. The quality construction and premium amenities used in the project gave us peace of mind.”

Next comes Sushma Grande NXT, an extension of Sushma Chandigarh Grande. Strategically located on the Chandigarh-Delhi National Highway near Best Price, Zirakpur, it offers seamless connectivity to Chandigarh, Punjab, Himachal Pradesh, Haryana, and New Delhi. Spread over 3.5 acres of land, the project features G+12-storey apartments equipped with exclusive amenities like Power Backup, a Kids’ Play Area, a Kids’ Club, Flower Gardens, etc.

Sushma Joy Nest MOH 1, located on the 200-foot-wide Airport Ring Road PR7 near Aerocity, Mohali, offers the community a modern lifestyle. The project offers 2BHK and 3BHK apartments across 13 towers equipped with all the amenities needed for a modern life. Buyers can enjoy a range of amenities designed for a healthy and active lifestyle, including an operational clubhouse with a swimming pool, an open fitness center, a basketball court, a skating rink, and a jogging track. Sushma Joynest MOH 1 is the perfect blend of privacy, security, and recreation, providing residents with everything they need for a modern, peaceful, and enjoyable life.

Sushma Joy Nest ZRK 1 is designed to provide affordable yet luxurious 3BHK homes. As the only residential project connecting both the National Highway and the International Airport road, it offers unparalleled accessibility. The project features a G+5-storey with lift facilities and a fully operational clubhouse, making it an attractive option for families looking for comfortable living in a well-connected location.

Prateek Mittal, Executive Director, Sushma Group, said, “We are extremely excited about constantly delivering happiness across our projects. Through these developments, we are committed to delivering exceptional living spaces that combine modern architecture with convenience and comfort. This announcement aligns with our dedication to curating premium projects with superior craftsmanship.”

Over the past 16 years, Sushma Group has successfully delivered 15 projects, reinforcing its commitment to the highest levels of customer satisfaction. With projects spanning Zirakpur, Kasauli, Mansa, Barnala, and Ludhiana, Sushma Group is renowned for offering uncompromised quality. Each project features premium amenities, expansive spaces, and strategic connectivity, ensuring high rental yields for investors while providing the perfect balance of comfort, convenience, and connectivity for residents.

Festive Real Estate Market Soars: Rs 350 Crore in Sales Recorded Over Dussehra Weekend

MUMBAI, 23rd October 2024: The Guardians Real Estate Advisory, a prominent name in the Indian real estate market, has accomplished another outstanding milestone, recording over Rs 350 crore in sales during the Dussehra weekend. This achievement follows the company’s previous record-breaking success with Akshaya Tritiya when it generated Rs 515 crore in sales. The consistent success reaffirms the strong demand and positive buyer sentiment during the festive season.

Dussehra, celebrated for its themes of victory and renewal, is regarded as an auspicious time for making significant investments, particularly in real estate. This festival symbolises the triumph of good over evil, inspiring many to embrace new beginnings. As families and individuals seek to enhance their lives and secure their futures, purchasing property during this period aligns with cultural traditions and aspirations.

Jayesh Rathod, Director and Co-founder of The Guardians Real Estate Advisory, expressed his pride in the accomplishment, stating, “Festivals in India have always been an auspicious time for buying a home, and this Dussehra has been no different. The strong response we have seen is a reflection of our commitment to delivering quality, trust, and excellence to our developers and customers. We are proud of the trust our customers place in us and look forward to continuing this momentum.”

The Guardians Real Estate Advisory’s success during both Dussehra and Akshaya Tritiya has established a solid foundation for the rest of the festive season. The company continues to offer exceptional real estate solutions and strives to create meaningful value for its customers.

Saurabh Phull, Chief Operating Officer of The Guardians Real Estate Advisory, added, “The sales figures from this Dussehra weekend highlight the dedication and effort of our entire team. We are proud to have exceeded expectations and to have contributed to the thriving real estate market this festive season. Our focus remains on providing unmatched service to our clients, ensuring that they continue to put their trust in us.”

The Guardians Real Estate Advisory had also made an impressive achievement on Gudi Padwa by generating Rs 262 crore in sales earlier this year. As the company continues to grow, it remains steadfast in delivering excellent service, offering innovative solutions, and consistently creating meaningful experiences for its clients.

The Future of Indian Housing

Akash Pharande,

By  Mr. Akash Pharande, Managing Director – Pharande Spaces

India’s urban population explosion is causing its bigger cities to burst at the seams. Overcrowding, pollution, traffic congestion, and deteriorating infrastructure are the ‘new normal’ – a state of affairs that we have begun to accept as inevitable.

According to the United Nations, about 40% of the Indian population will live in urban areas by 2030. The pressure this puts on housing, transportation, and basic amenities in our cities is immense. Because of these urban ‘growing pains’, many citizens have become disillusioned with their cities and are even considering moving to smaller, less crowded, and less expensive tier 2 and tier 3 cities.

However, there are two catches to this way of thinking – one, most employment opportunities are in our larger cities. Two, the hammer of development is bound to catch up even in the smaller cities. Is there a way for citizens to regain a wholesome, uncluttered lifestyle without abandoning their cities of choice? There is. Integrated townships are a viable solution. But before we get into that, let’s first examine the real-time challenges that our cities increasingly face.

Traffic Congestion

India’s cities are notorious for their traffic woes. In cities like Mumbai, Delhi, and Bengaluru, residents spend hours in gridlocked traffic every day. According to a 2021 report by TomTom, Bengaluru ranked as the sixth-most congested city in the world, with commuters spending an average of 71% extra travel time during rush hour. This congestion takes a toll not only on the economy but also on the well-being of urban dwellers, since long commutes lead to increased stress, reduced productivity, and poor mental health.

Pollution and Environmental Degradation

city

Air pollution is another pressing issue in Indian cities. The World Health Organization (WHO) ranks several Indian cities, including Delhi, Kanpur, and Lucknow, among the most polluted globally. In 2020, air pollution caused an estimated 1.7 million deaths in India, according to a study published in The Lancet. The over-reliance on private vehicles, combined with unchecked industrial emissions has led to worsening air quality, making it hazardous for people to live and work in densely populated urban environments.

Overcrowding and Infrastructure Strain

With the growing influx of people into cities, housing and infrastructure are stretched to the limit. Many Indian cities are ill-equipped to handle their burgeoning populations – resulting in cramped living conditions, inadequate water supply, and frequent power outages. This overcrowding exacerbates social and health issues, leading to an overall decline in quality of life.

The Solution – Integrated Townships

township

Amid these escalating challenges, integrated townships are the most viable alternative to traditional urban housing models. These large-scale developments are self-sustaining communities that combine residential, commercial, recreational, and educational facilities in one comprehensive layout. Unlike conventional city apartments, which are often isolated and disconnected from essential amenities, integrated townships provide a more balanced and convenient lifestyle.

Integrated Townships – A Brief History

Integrated townships began emerging in India during the 1980s and 1990s. Even before that, cities like Jamshedpur – founded in 1907 by the Tata Group to support their workforce – served as early examples of self-contained, self-sustaining communities. Jamshedpur was among the pioneers of integrated urban living in India where residential spaces were developed alongside recreational spaces like parks and essential services such as schools and medical facilities.

Chandigarh, planned by Le Corbusier in the 1950s, is another prime example of a development plan where housing and public facilities were created alongside commercial business centres. However, these were entire cities with their own municipalities. The concept of integrated townships – large residential complexes developed along with retail, office, civic and lifestyle developments – started gaining momentum in the 2000s.

Today, these townships have emerged as the single most transformative solution, offering a holistic living environment that promotes sustainability, convenience, and a better quality of life. They have become even more relevant if we consider the increasing chaos of modern city life.

Convenience and Reduced Commuting

One of the biggest advantages of integrated townships is the proximity to workplaces, schools, healthcare facilities, shopping centres, and entertainment options. By reducing the need for long commutes, these developments save residents time and money while alleviating traffic congestion in major cities. According to one report, more than 80% of homebuyers in metropolitan areas now prefer housing projects which are within a 10-kilometer radius of their workplaces.

Sustainable and Environmentally Friendly

Integrated townships are also designed with sustainability in mind. Green spaces, efficient waste management systems, rainwater harvesting, and renewable energy sources are increasingly becoming standard features of these developments. Integrated townships with eco-friendly infrastructure reduce carbon footprints and command a higher premium over non-sustainable developments. Moreover, by centralizing resources and infrastructure, integrated townships can reduce the strain on municipal services, thus promoting a more sustainable and resilient urban ecosystem.

Improved Quality of Life

Integrated townships prioritize the well-being of their residents by offering a range of recreational and wellness facilities. From parks and sports complexes to community centres and healthcare services, these projects are designed to cater to all age groups and lifestyle preferences. They foster a sense of community and safety, with round-the-clock security and controlled access points ensuring a secure living environment.

Moreover, the availability of schools and educational institutions within the township means that families do not need to send their children far from home, reducing stress and providing a better work-life balance. Many leading minds in the real estate industry have recognized integrated townships as the future of housing, particularly in countries experiencing rapid urbanization like India.

Not surprisingly, integrated townships outperformed standalone residential projects in both price appreciation and rental yields because of the superior convenience and amenities they offer. Furthermore, the demand for integrated townships is not limited to the residential segment.

After the COVID-19 pandemic, more and more businesses have realized how important it is to have their operations closer to where their employees live. As a result, the commercial real estate segment is also seeing a surge in demand for office spaces within township developments, thanks to the growing trend of the ‘walk-to-work’ lifestyle.

Towards a Better Residential Experience

As India’s cities continue to expand, the traditional model of urban housing is proving to be increasingly untenable and homebuyers now seek alternatives that offer convenience, sustainability, and a better quality of life. Integrated townships are the answer, and will therefore account for more and more Indian residential spaces in the years to come.

About the Author:

akash

Akash Pharande is Managing DirectorPharande Spaces, a leading real estate construction and development firm famous for its township projects in Greater Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in the region. With the recent inclusion of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience