Who acquired the 13.22 acres of land in Mundhwa, Pune?

Citycon Infratech LLP, an entity linked to Amar Builders, acquired the land.

What was the cost of the land acquisition in Mundhwa, Pune?

The land parcel was acquired for ₹300 crore.

Home / Business and Economy / Amar Builders Seals Pune Land Deal for ₹300 Crore

Amar Builders Seals Pune Land Deal for ₹300 Crore

26 Mar

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Summary

Citycon Infratech acquired 13.22 acres in Mundhwa, Pune for ₹300 crore.
The land was purchased from members of the Irani family.
This transaction signifies a significant investment in Pune's real estate.

Amar Builders Seals Pune Land Deal for ₹300 Crore

Citycon Infratech LLP, an entity associated with the prominent Pune real estate developer Amar Builders, has successfully acquired a substantial land parcel of approximately 13.22 acres in Mundhwa, Pune. The transaction, valued at ₹300 crore, was registered on February 26, 2026. Documents reveal the land was purchased from members of the Irani family. The ready reckoner value for this 53,519.76 square metre plot was Rs 239.86 crore. Amar Builders, led by Amar and Hrishikesh Manjrekar, has a diverse portfolio spanning residential, commercial, IT, and other sectors, with a track record of developing 14 million square feet across 87 projects. This acquisition occurs amidst a mixed but generally upward trend in Pune's real estate market, with recent reports indicating increased high-end and luxury segment launches, though overall sales saw a year-on-year decrease in 2025. Property registrations in Pune for January 2026 showed a year-on-year decline, yet the market continues to attract significant investment, as evidenced by this major land deal.

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