Pune has long been a popular city to live in for not only those from Mumbai, but also from people across the country. Being a hotbed for IT/ITES companies followed by auto and manufacturing, it attracts many due to its pleasant year-round weather, safety, security and overall development as a cultural destination.
All of the influx has led to a consistent demand for housing. Despite the depressed sentiment across the real estate industry in the country, a few developers are still pushing the bar higher in Pune with their projects. One of them is VTP Realty.
Backed by the 30-year-old V T Palresha Group, VTP Realty is a premier real estate developer with residential and commercial projects across all prime locations in the city. The company has been awarded the Developer of the Year Award for two consecutive years.
At a time when a lot of the larger projects were being stalled due to lack of funds across most cities, VTP Realty took on the challenge of taking over two large township projects and worked meticulously for over 18 months on ground with a wellexperienced team. They relaunched both townships, Codename Blue Waters in the west and Township Codename Pegasus in east Pune, in 2019 to overwhelming response.
Blue Waters was launched with 3,200 apartments in three residential clusters of premium 1/2/3-bedroom configurations in Mahalunge Baner Next. The company was instrumental in pushing the infrastructure development surrounding the 100+ acre township, which falls under the Pune Metropolitan Region Development Authority, and expediting the four-lane direct bridge connectivity that passes through the township to connect directly to Hinjawadi Phase 1.
The project is naturally endowed with the Mula-Mutha river on one side and hills on the other. But one of the two most attractive aspects of the project are the MLA (Maximum Liveable Area) philosophy homes. They ensure bigger room sizes, maximum privacy and minimal wastage of space.
The second is a well-thought out approach to amenity planning and design. No compromise has been made on the space allocated for recreation and leisure for the entire family.
Making a mark
Every project has a success story to tell, be it Blue Waters in Mahalunge, the iconic lifestyle project HiLife that has changed the face of Dange Chowk or the luxury projects VTP Solitaire and VTP Celesta that elevate the peaceful environs of Baner-Sus Road and NIBM, respectively. While Township Codename Pegasus has broken all sales records in Kharadi, VTP Purvanchal at Wagholi-Kesnand Road is one of the most preferred projects in the location.
This year, the developer is set to hand over more than 300 homes in some of the nearing-completion projects across the city.
Sachin Bandhari, CEO, VTP Realty, said, “2020-21 is a milestone for us. While we have been able to successfully launch larger projects, we are parallelly focusing on completing and delivering a few of our ongoing ones as well. We not only focus on internal as well as external finishes, offer upgraded fittings but also add in a few amenities, if possible, to ensure that the customer gets much more than originally promised. By the end of the year, we will have delivered the maximum units across the city. I am proud that VTP Realty is a preferred real estate brand with Pune customers and some of our best product and process practices are raising the bar in the industry — earning us many followers within the industry itself.”