Peninsula Land to develop 600 Affordable Luxury Residences in Pune


Leading real estate developer Peninsula Land has recently announced the launch of the second phase of its affordable luxury project- Address One Central Park located at Gahunje Pune. The group which is a part of the Ashok Piramal Group will be investing Rs 160 crore to develop 600 residences in the second phase of the project.

The residential development will be offering 1, 2 and 3 BHK spacious flats with price starting from Rs 19 lakh all inclusive. In April, last year, the group has launched the first phase of the project. More than 800 flats have already sold-off in this phase.

With tagline ‘Luxury for All’, Address One Central Park is aesthetically planned and designed renowned architect Hafeez Contractor. All the residences are designed to provide luxury that too at minimum cost. The group has designed just 4 apartments per floor to ensure maximum privacy to its residents. The residences will be vastu-friendly as well as comprise of all the modern-day facilities.

Speaking at the launch, Rajeev Piramal, vice-chairman, and managing director, Peninsula Land Ltd said, “We are very excited on the launch of the second phase of addressOne Central Park. We plan to invest Rs 160 crores, in developing 600 apartments in the second phase. At Peninsula Land, we believe in providing homes with luxurious amenities to our customers at affordable rates.”

Spread over 5.36 acres of area, the residential development is located adjacent to Mumbai-Pune Expressway and MCA cricket stadium.  The project is also home plethora of amenities like a clubhouse with community hall, games room & gymnasium, Swimming pool, Cricket nets, temple, Kids play area, Jogging track, cycling track, football field.

The project comes under central government ambitious scheme of ‘Housing For All’ i.e. PMAY. Also, in order to provide benefits like interest-free loans on stamp duty and registration to home buyers, Peninsula Land has also tied up with Home Capital.

The addressOne have been registered under various phases via MahaRERA registration numbers: Phase 1: P52100015756 | Phase 2: P52100015747 | Phase 3: P52100015779 | Phase 4: P52100015803 | Phase 5: P52100018855 | Phase 6: P52100018788