Kothrud Emerges as Pune’s Redevelopment Epicentre, Finds MahaRERA Analysis

Reported by Mubarak Ansari
Pune, 6th October 2026: Kothrud has emerged as the largest redevelopment cluster in Pune district, accounting for 244 of the 629 projects identified as carrying a redevelopment signal, according to The Redevelopment Pulse, a report released by Pune-based redevelopment advisory and data platform Dreams Redeveloped.

The report analyses publicly available data from the Maharashtra Real Estate Regulatory Authority (MahaRERA) to examine Pune’s redevelopment landscape, including project concentration, developer profiles and completion timelines.

The findings were presented by CA S. Lakshminarayanan, founder of Dreams Redeveloped, at a press conference held in Pune.

According to the report, 4,823 MahaRERA-registered projects in Pune district were analysed, of which 629 carried a redevelopment signal. In Kothrud, 244 of the 410 MahaRERA-registered projects identified in the area carried a redevelopment signal, accounting for nearly 60% of registrations there.

The analysis also indicates that redevelopment has grown from a relatively niche segment into a significant component of Pune’s residential real estate market. Redevelopment projects accounted for 3.6% of new Pune RERA registrations in 2017, while the proportion has remained between 23% and 26% annually since 2023.

Among 1,869 active Pune projects analysed, 373, or 20%, carried a redevelopment signal, the report said.

Redevelopment extends beyond Kothrud

The report identified several other prominent redevelopment clusters, including Erandwane-Deccan, Parvati-Sahakarnagar, Pimpri-Chinchwad, Gultekdi-Bibwewadi and Shivajinagar-Bhamburda.

While Kothrud recorded the highest concentration of redevelopment projects, the analysis found that location alone does not appear to determine whether a redevelopment project will face delivery-related difficulties.

The study also highlighted the fragmented nature of Pune’s redevelopment developer market. It identified 449 developers who had registered at least one redevelopment project with MahaRERA. Of these, 393 developers, or 88%, had exactly one redevelopment project registered.

The ten largest developers accounted for 16% of the total redevelopment volume, indicating that a large share of the market is made up of developers with limited redevelopment registrations.

Completion timelines remain a concern

Project completion timelines remain an important consideration for housing societies, according to the report.

Among redevelopment projects that had crossed their original MahaRERA completion date, 26% had lapsed, compared with 26.7% of other projects. However, 21.3% of redevelopment projects were operating under an extension, compared with 12.6% of other projects.
The average extension among redevelopment projects that had crossed their original deadline was 16 months, the report said.

The report also identified potential delivery pressure in the coming period. As many as 214 active redevelopment projects are scheduled for completion during 2026 and 2027, including 91 projects due for completion in 2026 and 123 in 2027.

Separately, the report identified 30 active redevelopment projects that had already crossed their current completion date and 53 projects that had received at least one extension.

Developer track record key for societies

CA S. Lakshminarayanan, founder of Dreams Redeveloped, said the concentration of redevelopment projects in Kothrud reflects the scale of redevelopment activity in established residential neighbourhoods.

“Kothrud’s position as the largest redevelopment cluster in Pune reflects the scale of opportunity that exists in established residential neighbourhoods. At the same time, the MahaRERA data makes it clear that the redevelopment label alone cannot be used to assess a project’s prospects,” he said.

“Societies need to examine the developer’s complete track record, previous project timelines, extension history and statutory disclosures before taking a decision. Through The Redevelopment Pulse, our objective is to bring reliable, publicly verifiable data into a process that has traditionally involved considerable information gaps,” he added.

The report recommends that housing societies undertake four checks before selecting a developer: explore whether adjoining societies can undertake redevelopment jointly; review the developer’s complete MahaRERA history; verify extension certificates, where applicable; and check the completeness and consistency of MahaRERA disclosures against the developer’s proposal.

The Redevelopment Pulse is based on publicly available MahaRERA registration data, using a data extract dated September 19, 2026.