Pune’s luxury real estate market, a magnificent 40,000 sq ft penthouse has been sold for ₹37 crore within the prestigious Lodha One project at Bund Garden. This record-breaking transaction not only marks the highest value property deal in the city’s history but also reflects the burgeoning demand for opulent living spaces in Pune. Developed by Macrotech Developers, Lodha One is acclaimed for its lavish design and prime location.
The newly sold penthouse, known as the Emperor Palace, boasts an impressive per-square-foot price of approximately ₹28,000 to ₹29,000. This sale eclipses the previous record for luxury apartment transactions in Pune, which stood at ₹18.5 crore. Over the past two years, Pune has seen a noticeable trend, with 32 luxury apartment registrations surpassing the ₹10 crore threshold, signalling an evolving market that caters to high-net-worth individuals. Lodha One represents a pioneering venture for the developer in Pune’s luxury segment, distinguished by its grandeur and exclusive offerings. The penthouse spans three levels, featuring an expansive private terrace and a pool, designed to offer a high-end living experience. Additionally, the development is complemented by Lodha’s hospitality brand, Saint Amand, which provides residents with tailored, bespoke services.
The architectural design of Lodha One, crafted by the Singapore-based firm Sitetectonix, aligns with the developer’s philosophy of luxury and elegance. Notably, the landscape incorporates two 150-year-old banyan trees, enhancing the project’s aesthetic while promoting environmental sustainability. As Pune’s tallest residential tower in the Pune Camp area, Lodha One epitomises exclusivity and luxury. According to Knight Frank India, Pune’s real estate market typically registers between 14,000 to 20,000 units annually, with a majority of transactions concentrated in the ₹50 lakh to ₹1 crore range. The recent penthouse sale not only establishes a new benchmark for luxury properties in Pune but also highlights the increasing scarcity of premium real estate, underscoring the region’s evolving market dynamics.
As urbanisation continues to escalate, the demand for luxurious and sustainable living options is likely to rise. By integrating environmental considerations into high-end developments like Lodha One, the real estate sector in Pune can cater to the aspirations of discerning buyers while promoting sustainable living practices.
