Citycon Infratech LLP, associated with Pune-based real estate developer Amar Builders, has finalized the acquisition of a significant land parcel measuring approximately 13.22 acres in Mundhwa, Pune, for a total consideration of ₹300 crore. This transaction, registered on February 26, 2026, was made public through documentation obtained from Propstack, a noted real estate analytics firm. The land was purchased from members of the Irani family, including Minocher Ardeshir Irani and Dara Ardeshir Irani, marking a strategic expansion for the developer in a region known for its growing commercial and residential appeal.
The land acquisition translates to a price of about ₹22.7 crore per acre, while the ready reckoner value of the property was assessed at ₹239.86 crore. This strategic investment by Amar Builders is part of their broader portfolio, which encompasses a range of real estate sectors including residential, commercial, information technology, hospitality, industrial, and healthcare. The company has successfully completed 87 projects, collectively covering an area of 14 million square feet, demonstrating its substantial footprint in the real estate market.
The Pune real estate market has shown resilience and growth, with an increase in residential unit launches. According to a report by Cushman & Wakefield, 2025 saw the launch of 43,795 units, reflecting a 5 percent year-on-year increase. This growth was largely driven by demand in the high-end and luxury segments, which constituted nearly 48 percent of total launches. However, it is important to note that housing sales in Pune experienced a decline of 20 percent year-on-year, with total sales recorded at 65,135 units for the same period, aligning with trends observed in other major Indian cities.
As of January 2026, data from Knight Frank India indicated that Pune recorded 14,527 property registrations, generating over ₹609 crore in stamp duty revenue for the state. Despite this notable revenue, the registration figures reflected a 17 percent year-on-year decline compared to January 2025. The real estate landscape in Pune continues to evolve, and the recent acquisition by Citycon Infratech LLP signifies Amar Builders’ commitment to capitalizing on growth opportunities in a dynamic market, while also navigating the challenges posed by fluctuating sales and construction costs. The company remains poised to play a pivotal role in shaping the future of Pune's real estate sector.