Pune, 13th June 2022: Pune’s prominent luxury real estate developer, Marvel Realtors has consistently recorded a rise in the resale value of its properties as compared to the market. Noteworthy among these are Marvel Arco, Hadapsar recording a resale value up by 107%, Marvel Cerise, Kharadi by 104%, Marvel Brisa, Balewadi by 100%, Marvel Cascada, Balewadi by 80% and Marvel Selva Ridge Estate, Bavdhan by 45%. The year-on-year appreciation of Marvel properties across Pune has been up to 20% higher than the standard appreciation rates. Overall, Marvel properties are leading the luxury real estate market in Pune with investors benefiting from 7% to 12% appreciation as compared to the -3% to 8% appreciation witnessed by other premium properties in the same vicinity during the last year.
Speaking about Marvel’s steady comeback and the robust appreciation in the Pune market, Mr. Vishwajeet Jhavar, Founder and CEO, Marvel Realtors, said, “Pune, with the presence of several national and international IT, banking, start-up, and manufacturing companies, has emerged as one of the coveted residential destinations with the demand for luxe living witnessing growth. Marvel has been a pioneer in designing large-sized residences and over the last decade, the demand for spacious apartments in the luxury real estate segment has surged. Even the size of our 2BHK apartments starts from 1,400 sq. ft. while our 3BHK are an upward of 2,000 sq. ft. and the 4BHK from 5,000 to 8,000 sq. ft. Our projects are also designed with a unique inside-out approach to facilitate 360-degree holistic experiences. The steady rise in the appreciation of Marvel properties as compared to the competition is a reflection of our brand’s unparalleled offering of iconic design, world-class amenities, finest workmanship and quality.”
Marvel is known for iconic luxury designs and efficient layouts. In line with their design philosophy, their apartments are up to 30 to 40% larger as compared to market offerings. Marvel apartments boast expansive spaces with sizes such as Marvel Aurum, Koregaon Park offering up to 5,200 sq. ft., Marvel Selva Ridge Estate, Bavdhan ranging from 3,250 sq. ft. to 14,000 sq. ft., Marvel Sangria, NIBM Road offering from 1,710 sq. ft. to 7,000 sq. ft., Marvel Aquanas, Kharadi ranging from 3,500 sq. ft. to 7,000 sq. ft. and Marvel Piazza, Viman Nagar ranging from 1,400 sq. ft. to 6,500 sq. ft. and apartment spaces. As there are only a few developers offering such spacious residences and with a higher demand for spacious and luxurious living Marvel has been outperforming its competition with higher capital appreciation thereby rewarding its investors. Several existing Marvel customers have invested in as many as 3 to 5 Marvel residences.
Designed with a unique concept, each Marvel property has an enhanced appeal even after years. Marvel projects are favoured by a spectrum of customers including families looking for community living, HNIs considering retirement homes and investors pursuing an investment opportunity in real estate, among others. Another differentiator for Marvel has been the strategic choice of location of its projects. Each Marvel property is developed in prime and or upcoming locations that have a high potential for capital appreciation while also adding to the luxury living experience of its residents. For example, Marvel Aquanas located in the upcoming eastern suburb of Kharadi offers an uninterrupted lifetime view of the Mula-Mutha river with proximity to various IT parks and commercial centres. Marvel Aurum with only 1 apartment per floor in the prime location of Koregaon Park offers the finest exclusive living experience in Pune. Marvel Piazza designed as a charming European town with central squares for community living is located in the quaint yet well-connected parts of Viman Nagar, adjacent to the airport. Marvel Selva Ridge Estate in Bavdhan is nestled amidst a lush forest with accessibility to the Pune-Mumbai highway and proximity to the Pune city centre. Marvel Sangria, on the other hand, is located at NIBM Road, a plush business and trading hub in eastern Pune. All of these projects are either ready for possession or would be ready for possession within the next 6 months.
In the last 3 years, Marvel Realtors has delivered over 1600 luxury residences (apartments and villas) despite an extremely challenging environment including the global pandemic. The brand continues to drive innovation and customer delight with a focus on a 360-degree luxury lifestyle through a host of amenities, including Olympic-sized pools, professional standard sporting facilities, cabanas, work-from-home desks and vehicle-free green spaces across several projects.
To know more, please visit: https://marvelrealtors.com/
About Marvel Realtors
Known for its iconic design and layouts, Marvel has crafted a niche in Pune’s luxury real estate market in the last 22 years. Having developed premium projects of over 27 million sq. ft., across prime locations, the brand has an unmatched legacy in product experience with its inside-out philosophy of delivering space and lifestyle maximisation for its residents. The company has been consistently driving innovation in design and bringing in novel and technology-led solutions, first-to-market.
Whether it is introducing completely automated homes in the Pune real estate sector as early as 2004, or providing landscaped terraces and VRV air conditioning and swimming pools inside homes, Marvel has a history of creating new benchmarks in luxury. Over the last 22 years, Marvel has grown from a 1-person founder-driven startup with 18,000 sq. ft. of the saleable area to a scale of 55 projects with over 400 buildings across 27 million sq. ft. of saleable area. As a pioneer in architectural aesthetics, Marvel continues to keep customer-centricity as its focus in designing and has recently delivered over 1600 units in the last 3 years despite several challenges & unfettered by the pandemic.
Apart from design and innovative experiences, Marvel has also been recognized as India’s greenest developer with the highest number of Platinum pre-certified projects in India in 2014, by the Indian Green Building Council (IGBC). Today, as many as 13 of Marvel’s projects are already Platinum pre-certified.