Pune: Lullanagar’s Real Estate Boom Continues with Tribeca’s Rs 1000 Cr Development
Pune, 13th February 2025: Tribeca Developers, India’s leading trophy property developer and the largest global developer of Trump-branded projects, is set to expand its presence in Pune. The company has partnered with Serianee Corrp – A conglomerate of Siddhivinayak Groups, Vision Skylish Group (VSG) and Kalash Properties, to develop a landmark luxury residential and retail project located in the prime locality of Lullanagar, near New Command Hospital at Pune Cantonment.
Spread across 3 acres, this mixed-use development is set to feature two iconic towers, alongside premium retail spaces. With a development area of 8 lakh square feet, the project is estimated to generate net sales upwards of INR 1000 crores. The Land is Owned By the Manikchand Group and Siddhivinayak Groups.
Kalpesh Mehta, Founder of Tribeca Developers, commented:
At Tribeca, our focus is on crafting landmark projects that redefine the standards of luxury living. Pune has always been a cornerstone market for us, and the remarkable success of our previous developments—The Ark, YOO One, and Tribeca Highstreet—has strengthened our confidence to continue investing in this vibrant city. With luxury residential sales in Pune on a strong growth trajectory, we are thrilled to unveil this new project, which will not only provide exclusive homes to a select few but also stand as a landmark that defines Pune’s evolving skyline
Sharing his thoughts on the partnership, Rushabh Sakla of Siddhivinayak Groups, Representing Serianee Corrp added: With a 38 Year history and after delivering more than 28000 homes, we wanted to construct something Iconic on this land parcel as our way of giving back to the city , Collaborating with Tribeca Developers is a significant milestone for us. Their legacy of creating iconic projects in Pune and beyond inspires confidence, and we are certain this collaboration will be a resounding success.”
Currently, Tribeca is developing over 6 million square feet of branded residential projects in India with a sale value of INR. 6,000 crores, and has a development pipeline of over 4 million square feet. It’s backed by leading financial institutions, including ICICI Bank, HDFC Capital, Tata Capital, and KKR.
Tribeca’s projects have consistently delivered exceptional value to customers, commanding significant premiums over competitors. For instance, The Ark and YOO One in Pune sell at 25-40% above market rates, while Trump Towers Delhi NCR commands a 30-40% premium, reinforcing Tribeca’s reputation for excellence and market leadership.
Over the past five years, property prices in Lullanagar have appreciated significantly reflecting its growing appeal among investors and homebuyers. Lullanagar’s proximity to key areas such as NIBM Road, Koregaon Park, and MG Road makes it a sought-after residential locale.
