A new phase of a luxury villa project near Lonavala Hill station in Somatane, Pune, has been opened by Supreme Universal, a real estate developer with offices in Mumbai and Pune. Seventy villas, each costing approximately Rs. 2.65 crore, are being offered by the corporation.
According to the corporation, the villa project is mostly in demand for second homes and for end users who are IT professionals employed in the Hinjewadi neighborhood of Pune.
The company claims that the Supreme Villagio project is approximately 16 acres in size and is located on the Pune side, next to the Gahunje Cricket Stadium near the Mumbai Pune Expressway.
The project is near the 105-kilometer eastern ring road, which is expected to improve communication and reduce traffic in Talegaon and the surrounding Pune and Lonavala areas.
The project's MahaRERA completion date is December 2027.
Over the past forty years, the company has finished more than 70 projects, including luxury residential buildings, in the real estate markets of Pune and Mumbai. The business operates in Bandra, Khar, Powai, Dadar, Lokhandwala, Andheri and Baner, and Koregaon Park in Pune, Mumbai.
Expressing to this, Vishal Jumani, Joint Managing Director of Supreme Universal says, “We are constructing a total of 225 villas in our project named Supreme Villagio of which 100 were launched last year and 70 villas are being launched now during the festive season. The topline of these 70 villas is around ₹200 crore and the entire 225 villas project topline is Rs. 500 crore”.
Further he added, "Several first-time homebuyers are purchasing villas for end-use as it is just 20 minutes away from Pune and located close to Hinjewadi that houses several IT companies. Buyers from Baner, Wakad, Hinjewadi are finding value in our villas based on their experience from the earlier launch of 100 villas. People from Mumbai and Pune are also investing in weekend homes. We are also receiving interest from investors from the US, Dubai and Singapore”.
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