PR91460

PUNE, India, Sept. 3, 2021 /PRNewswire=KYODO JBN/ --

- Limited Inventory of Spacious, Ready-To-Move-In, Premium Homes and Branded

Residences and Buyers' Preference for Large Homes Drive Strong Demand

Panchshil Realty, one of India's leading luxury real estate developers today

announced that it has logged one of its strongest years on record in the sales

of its high-end residential portfolio of homes in Pune.

Sharing his perspective on the strong sales uptick, Mr. Sagar Chordia,

Director, Panchshil Realty said: "Over the last 18 months, we've seen

phenomenal sales growth across our residential segment on the back of extremely

strong demand from Mumbai.

"The lifestyle changes set in motion by the pandemic have significantly changed

and shaped buyers' preferences. Home buyers are now seeking more spacious homes

with enough individual space for each family member including the flexibility

of being able to work from home. There is an increased focus on well-being and

wellness that larger living spaces offer."

"There is a very limited supply of ready-to-move-in premium homes with areas

above 2000 square feet like Panchshil typically offers. This, coupled with the

fact that all our one-of-a-kind, premium homes and branded residences come with

abundant community spaces and a range of lifestyle facilities and amenities,

has contributed to this strong uptick in sales growth," he added.

This spectacular sales growth was achieved despite various challenges posed by

the pandemic including a sharp increase in the cost of key materials like

steel, cement, aluminium and copper used as inputs in construction. To offset

this massive hike in input costs, home prices were increased only by 10% to 12%.

Panchshil offers a one-stop solution to take care of all needs including

leasing, buyers, especially find the purchase of a Panchshil home to be a very

strong proposition overall.

Panchshil's award-winning residential portfolio includes:

- Panchshil Towers [https://www.panchshil.com/panchshiltowers/] is a premium

residential development comprising 9 towers spread over 14 acres of land with

60% open spaces where technology meets luxury. This project features 3.5 and

4.5 bedroom-hall-kitchen apartments (BHK). Four of the 9 towers are

ready-to-move-in and 250 families already live here.

- yoopune [https://www.panchshil.com/yoopune/] is a stunning collection of

ready-to-move-in 4.5 BHK branded residences designed by Phillipe Starck, the

world's most renowned designer. yoo is synonymous with luxury property in prime

locations across the globe.

- YOO Villas Pune [https://www.panchshil.com/yoovillas/by-kelly-hoppen/] is

India's first and only YOO branded ready-to-move-in villa enclave and is also

the world's first-ever YOO Villas project styled by celebrated designer Kelly

Hoppen. This project features 4 BHK and 5BHK options.

- Trump Towers Pune

[https://www.panchshil.com/luxury-residences/37/trump-towers-pune/] features

two striking glass facade towers of 23 stories each, with 46 spectacular

single-floor 4.5 BHK residences. The interiors have been designed by leading

Italian designer Matteo Nunziati. The project has a Platinum Certification by

the Indian Green Building Council.

- Eon Waterfront [https://www.panchshil.com/eonwaterfront/] features exclusive

4.5 BHK apartments and is located along the riverside.

Video here: https://www.youtube.com/watch?v=VcXHHnquwPA

PANCHSHIL'S BUSINESSES

- Panchshil Realty's total completed real estate portfolio is around 23 million

square feet with another 20 million square feet under development.

- Panchshil Realty's three main business verticals are Residential

[https://www.panchshil.com/luxury-residences/], Commercial and Hospitality.

- The Commercial [https://www.panchshil.com/commercial/] portfolio includes

Retail and Food & Beverage which includes built-to-suit office spaces, Special

Economic Zones, IT parks, integrated workspaces, malls and mixed-use

developments.

- Panchshil's Hospitality [https://www.panchshil.com/hospitality/] portfolio

comprises around 1200 rooms with leading brands like The Ritz-Carlton, JW

Marriott, Marriott Suites, Courtyard By Marriott, Oakwood and Double Tree By

Hilton.

- A significant chunk of Panchshil Realty's office portfolio is anchored by

Blackstone Real Estate Private Equity Fund, sponsored and managed by Blackstone

Group LP.

ABOUT PANCHSHIL REALTY

Established in 2002, Panchshil Realty is one of India's finest luxury real

estate brands. Renowned for leadership and excellence in real estate

development, the Group's approach is focused on planned development, creating

value assets, and crafting lifestyle experiences through design and

architecture. For more information, please visit www.panchshil.com.

Disclaimers: The pictures, images are for representative purposes only. The

elevation and visuals are proposed and indicative and are subject to change.

For more detailed disclaimers relating to each project, please click here

[https://www.panchshil.com/disclaimers-residential-property/].

Video - https://www.youtube.com/watch?v=VcXHHnquwPA

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Source: Panchshil Realty