Gokhale Constructions Bags Prime Land in Punes Model Colony for Rs 311 Cr Unveils Ultra Luxury Vision

May 20, 2025

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Gokhale Constructions Bags Prime Land in Punes Model Colony for Rs 311 Cr Unveils Ultra Luxury Vision

In a landmark deal that’s set to reshape Pune’s premium real estate landscape, Gokhale Constructions, one of the city's most reputed developers, has acquired 3.5 acres of prime land in Model Colony for a staggering Rs. 311 crore. The land, earlier owned by Seth Hirachand Nemchand Smarak Trust, sits at the heart of Pune, making it one of the most valuable and strategically located acquisitions in recent memory.

16 Lakh Sq. Ft. of Ultra-Premium Real Estate

This isn’t just another real estate development—it’s a bold, transformative vision. Gokhale Constructions plans to build a 16 lakh sq. ft. mixed-use development combining luxury residences and high-end retail spaces. With an estimated revenue potential of Rs. 2,500 crore, this project is poised to redefine upscale living in Pune.

Starting price of residences: Rs. 7 Cr onwards
Luxury retail & lifestyle experiences on-site
Dedicated 51,000 sq. ft. modern hostel facility
Revamping of existing Jain temple to enhance community heritage
This multi-dimensional project uniquely blends heritage, luxury, and modern urban convenience—making it not just a home, but a lifestyle destination

A Legacy of Trust and Scale

Founded by Vishal Gokhale, a first-generation entrepreneur, Gokhale Constructions is no stranger to ambitious, high-quality developments:

200+ residential projects completed
5000+ families housed in central Pune
Currently developing 2 million sq. ft. of residential and 3 million sq. ft. of commercial real estate
Now actively entering Mumbai’s ultra-prime market, with deals underway

Source-Pune Pulse