Hinjewadi, a prominent IT and industrial hub, has seen significant infrastructure development and urbanization, making it an attractive location for developers. The acquisition is seen as a part of Macrotech’s broader strategy to expand its presence in key markets and tap into the growing demand for real estate in the region.

Paranjape Schemes, a well-established name in Pune’s real estate sector, has been strategically divesting certain assets to streamline its operations and focus on other projects. The deal marks a significant step for Macrotech, which is known for its expansive residential and commercial developments across India.

This move will likely help Macrotech strengthen its portfolio in Pune, contributing to its ongoing growth in the commercial and residential sectors. With Pune’s real estate market being one of the top performers in the country, Macrotech’s entry into this prominent location will further boost its presence, especially as demand for quality spaces continues to rise.

By acquiring strategic assets like this plot in Hinjewadi, Macrotech Developers is positioning itself as a key player in the evolving Pune real estate market, prepared to meet future demand with its diverse development offerings.