Prev Post
The Role of Water Bodies and Roads in Vastu Shastra for PlotsPlots vs. Ready Homes: Why Owning Land Is the Best Choice for Millennials in Pune
Should we buy a ready-to-move home or invest in a plot of land? While both options have their advantages, owning land is proving to be the smarter and more flexible choice for young buyers. Here’s why:
1. Better Investment Growth
Pune is growing very fast, with new infrastructure development, IT parks, and industrial areas increasing land prices. While apartments lose value with the passage of time due to depreciation, land gains value consistently. Areas such as Hinjewadi, Wagholi, and Talegaon have experienced high price increases, and plots have become a profitable long-term investment.
2. Freedom to Build Your Dream Home
A plot provides absolute freedom. It gives the freedom to plan and build a house that reflects your taste, requirements, and future growth needs. In contrast to ready apartments with predetermined floor plans, land ownership allows you to choose the size, layout, and amenities of your house.
One of the major disadvantages of living in apartments is the maintenance charges. In gated communities, there are facilities , security, and maintenance charges every month. With a plot, the charges are much lower, so it is a cheaper option in the long term.
3. No Depreciation Issues
As Pune expands, plots in prime areas will become even more valuable. Whether you decide to construct a house or sell the land later, the resale potential is much higher compared to apartments, which might lose appeal due to age and outdated designs.
4. Higher Resale Value
If you choose to build a house or sell the property in the future, resale value is far greater than with apartments, which may become unattractive as they age and their designs go out of fashion.
Conclusion
For millennials who seek a secure investment and a house that appreciates with them, investing in a plot is a future-proof choice. With the fast growth of Pune, the moment to invest in property and get long-term financial security is now.
Planning to purchase a plot in Pune? Discover the best locations with Genuine Plots and make the wisest investment today!
Residents Request Halt to PMRDA’s Auction of Amenity Plots, Seek Civic Use
Residents have urged the Pune Metropolitan Region Development Authority (PMRDA) to halt its proposed auction of amenity plots, emphasising that the land should instead be utilised for civic purposes.
The availability of essential community infrastructure, such as parks, schools, health facilities, water systems, and public safety facilities, may be impacted by the sale of these plots, the locals stressed. Amenity plots are designed to satisfy public needs in accordance with regional planning regulations.
PMRDA has planned the auction of 35 amenity plots across various areas in the region, with a combined estimated base value of approximately ₹91 crore. Earnest money deposits for the plots vary according to their size and location.
Officials from PMRDA stated that the auction is being conducted in line with the Unified Development Control and Promotion Regulations (UDCPR). Additionally, they mentioned that some plots are set aside for public buildings like cultural centres and libraries. Similar amenity plot auctions have been held in the area before by PMRDA.
In spite of this, locals insist that these plots are essential for community growth and shouldn't be viewed as extra resources for making money. They have called for these lands to be preserved for civic purposes, citing the need for public infrastructure to support local population growth and development.
Source:TOI
Hiranandani Group & Krisala Group Join Forces for 105 Acre Landmark Township in Pune
Global professional services firm Colliers India has successfully facilitated a major joint development deal in Pune between two leading real estate developers — Hiranandani Group and Krisala Group.
The land parcel, spanning 105 acres in North Hinjewadi, Pune, is owned by Hiranandani Group. Colliers India suggested that a joint development model would maximise results for both parties when the company was first being considered for sale. The team created a well-balanced joint development agreement for a mixed-use project that would benefit both developers by minimizing up-front expenses and optimising potential returns.
The project is especially appealing because of the land's advantageous location. Professionals and locals alike can easily access North Hinjewadi thanks to the expanding infrastructure connectivity between Mumbai and Pune. Pune has a lot of potential for residential and commercial development because of the city's growing urban demand and the fast growth of its IT hubs.
In order to meet the needs of the present market and changing lifestyle trends, the future mixed-use township is designed to have high-end residential apartments, shops, and contemporary conveniences. It is anticipated that the partnership between Hiranandani Group and Krisala Group will establish a standard for excellent, punctual, and carefully thought-out developments in the area.
Source: The Reality Today
Westcon of the Solitaire Group Pays ₹129 Crore to Purchase Almost 10 Acres in Wagholi, Pune
Westcon Spaces Pvt. Ltd., a division of Solitaire Group, has paid more than ₹129 crore for nearly 10 acres (roughly 4 hectares) of land in Wagholi. The acquisition was completed through four separate transactions on February 6, 2025. A 4-acre plot was bought for ₹40 crore, and the largest parcel, which was about 5 acres, was bought for ₹50 crore. For ₹28 crore and ₹11 crore, respectively, two smaller parcels of 0.5 acres were purchased. The premium nature of the location was demonstrated by the several crores in stamp duty payments for all four transactions.
Why Wagholi?
Situated in Pune's quickly expanding northeastern corridor, Wagholi has become a popular residential and business area. Both developers and homebuyers find it appealing due to its close proximity to the Kharadi IT hub, enhanced infrastructure, and improved connectivity.
Significant urban development is taking place in the area, and a number of real estate companies are making large investments to capitalise on the potential for future growth.
This purchase is indicative of a larger pattern of aggressive land banking by leading developers in India's largest cities. More than 2,000 acres were covered by land deals in the top eight urban markets in 2024, up 47% year over year, according to CBRE India. Pune continues to be one of the busiest real estate markets due to migration inflows, infrastructure improvements, and IT-led jobs.
Strategic Move for Solitaire Group
Solitaire Group made a calculated decision to expand the scope of its Pune project portfolio by purchasing the Wagholi land. The large plot of land can accommodate large-scale mixed-use, residential, or commercial projects that would help the organisation achieve its expansion objectives and increase its exposure in high-potential locations.
With this acquisition, the developer is well-positioned to meet the rising demand for quality housing and integrated living spaces in one of Pune’s fastest-evolving neighbourhoods.
Source:Hindustan Times
Maharashtra Makes Tentative Layout Approval Mandatory Before Land Measurement
Pune: The Maharashtra government has made tentative layout approval mandatory prior to any land measurement, which is a major policy change intended to increase transparency and regulation in land transactions.
Implemented by the state's Land Records Department under the direction of Dr. Suhas Diwase, Settlement Commissioner and Director of Land Records, the decision aims to stop unlawful land division, stop unapproved construction, and shield purchasers from deceptive transactions.
The New Process
Any developer or individual requesting land measurement under the updated system must first provide the appropriate authority with a draft layout plan. The proposed division of land, roads, and open spaces will be shown in this plan.
The Land Records Department will complete the required measurement work after receiving the preliminary layout.
After that, the information will be sent to the local planning authority for review and approval.
The revised and approved layout will be entered into the official land records following approval.
This step ensures that no land measurement happens without proper planning permissions, reducing disputes and ensuring that layouts comply with development regulations.
Legal and Planning Framework
It also supports government objectives such as reserving 20% of plots (in layouts over 4 hectares) for low- and very low-income groups, thereby promoting affordable housing.
Benefits of the Rule
Transparency: Buyers can be assured that the land they are purchasing is measured and approved in accordance with legal norms.
Prevention of Fraud: Reduces the chances of illegal plotting or sale of unapproved land.
Clear Demarcation: Accurate measurements prevent future boundary disputes.
Urban Planning Compliance: Ensures layouts meet infrastructure, open space, and road requirements.
Source: Punekar News
Selling a plot of land can be highly profitable—if done right. Whether you're an investor or an individual owner, these tips will help you get the best value from your land sale:
- Know Your Buyer
Understand who your ideal buyer is—developers, end users, or investors. Tailoring your marketing strategy to match their expectations which will make a huge difference in closing the deal.
- Improve the Visual Appeal
A clean, well-maintained plot creates a positive first impression. Clear debris, trim overgrowth, and, if possible, landscape the area. Even minor improvements can boost perceived value.
- Ensure Accessibility and Utility Readiness
Buyers prefer land with proper road access and available utilities. If your plot lacks these, mention possibilities for easy connections or adjust pricing accordingly.
- Highlight Development Potential
Mention if the plot is zoned for residential, commercial, or industrial use—or if rezoning is possible. Development potential adds investment appeal.
- Set the Right Price
Compare recent sales in your locality to price your land competitively. Avoid overpricing or undervaluing—both can push away serious buyers.
- Market Smartly
Use high-quality photos, drone shots if possible, and clear descriptions across real estate platforms and social media. Visibility and clarity attract more genuine interest.
- Take Expert Help
A real estate agent with land sale experience will advise you on pricing, negotiating, and documents. Their network will introduce you to the best buyers in record time.
Conclusion
Getting maximum value for your land is a matter of getting it in position, showing it off, and pricing it tactically. The effort you make will pay great dividends in acquiring the best value.