Pune: Gokhale Constructions acquires 3.5 acres of land of HND Trust in Model Colony for Rs.311 Cr
Pune: Gokhale Constructions acquires 3.5 acres of land of HND Trust in Model Colony for Rs.311 Cr
Pune, May 15, 2025: Gokhale Constructions, a two-decades-old renowned real estate developer of large commercial complexes and premium residential spaces, has acquired 3.5 acres of land of Seth Hirachand Nemchand Smarak Trust in Model Colony, right in the heart of the city of Pune, for Rs 311 Cr.
Gokhale Constructions has completed the process of purchase of Seth Hirachand Nemchand Smarak Trust’s Seth Hirachand Nemchand Digambar Jain Boarding and plans to undertake the development of 16 Lakh Square Feet ultra premium residential space and some high-end retail at this top-notch location with a revenue potential of Rs. 2500/- Cr. Here, the price of a condominium would start from Rs 7 Cr onwards.
Creation of a hostel spread across 51000 sq ft with all modern facilities and making the existing Jain Temple bigger and better is also an integral part of this proposed development.
Founded by Vishal Gokhale, the first-generation entrepreneur, Gokhale Constructions is currently in the process of developing 2 million sq ft of residential space and about 3 million sq ft of commercial space at some of the most prime locations in Pune. The company has successfully completed over 200 residential projects in Pune and has given homes to more than 5000 families at central locations.
