Pune gets its first Managed Residences Tower of Pods & Condos from Puravankara

Pune, December 19th, 2016:Post the successful launch of PurvaSilverSands in Pune earlier this year Puravankara Ltd, one of India’s largest Real Estate developer today announced the launch of Pune’s first Mixed-use Managed Residences Tower.This project is a joint venture between Puravankara, Ekta World and Oxford Group. The Managed Residences block consisting ofbespoke micro-homes of Pods &Condos is located across the Kharadi’sMulaMutha River front in Mundhwa, Pune. This iconic development includes two levels of high-street retail shopping destination, consisting of facilities such as Café, Boutique leisure shopping, Convenience Stores,ATMs and Restaurants.The design inspired by Manhattan’s Condos is an extremely popular living space for young singles/ couples, making it a very attractive investment asset class that will generate superior lease returns for customers. TheManaged Residences blockwill be supported with an option of a Leasing Desk, managed by a third party vendor to assist the owners in renting their Pods and Condos. The Manhattan Pods and Condos are intelligently designed, and reasonably priced between Rs. 25 to 31 lakhs.
Puravankara’s entry into the Pune Real Estate Market has been one of the most successful attempts by a South Indian developer into the city, in recent times. The innovative Master plan in creating an Integrated Lifestyle District for home buyers,along with the warm customer focused post-purchase services has been welcomed by both the natives of Pune and the cosmopolitan residents of the city.
Puravankara had launched PurvaSilversands at Mudhwa in March 2016,has seen an overwhelming response with almost the entire inventory of the Phase 1being sold out within the first 3 months of its launch. This indicates that the Real estate sentiments in Pune are on a clear upward trend for high quality project launches.
The project is a unique theme based mixed-use development inspired by the finest beaches of the world. The Managed Residences block of Manhattan Pods & Condos is a part of this iconic residential developmentprovidingthe best in class facilities and a resort type lifestyle to homebuyers in Pune. The audacious Master plan for the project envisages creating a man-made beach lagoon, sandy beaches, a wave pool, koi fish ponds, palm trees and hammocks to create an environment for residents to “Live life like it’s a holiday”
Mr. Ashish Puravankara, Managing Director, Puravankara Ltdexpressed“Leveraging the presence of several IT and BPO companies in the city, Pune has witnessed rapid growth in real estate especially in areas like Karadi and Mundhwa. Pune is a key market for our residential projects and we are delighted to launch our Managed Residences block of Manhattan Pods and Condos. This is an attractive opportunity to customers who are keen on investing in small and compact apartments. The Managed Residences plan also supports easy hassle free rentals to customers seeking alternate incomes. With the blooming IT sector, these apartments provide community living in an Integrated lifestyle district,to young singletons and nuclear families”