Vibe Realty Makes Bold Entry into Pune with 1.03 Million Sq. Ft. Project at NIBM

Vibe Realty (VRPL), under the leadership of real estate veteran Gopal Sarda, has made a striking entry into Pune's real estate market by acquiring a major joint development project in the sought-after NIBM locality. This marks Vibe Realty's first-ever project in Pune, solidifying the company’s expansion beyond Mumbai and representing a key milestone in its growth strategy.

1.03 Million Sq. Ft. of Premium Residential Development

The newly acquired project spans eight acres with a saleable area of 1.03 million sq. ft., offering over 750 residential units. The development is projected to achieve an anticipated sales value of over INR 650 crore, reflecting the strong demand for luxury housing in Pune’s southern corridor. With a blend of thoughtful design and luxury, the project is expected to redefine modern living standards in the city.

Lifestyle Amenities Designed for Modern Urban Living

Vibe Realty’s Pune venture will feature a 12,000+ sq. ft. clubhouse, a fully-equipped modern gymnasium, swimming pool, and lush landscaped gardens, ensuring a lifestyle that blends comfort, wellness, and recreation. The project is slated to launch in the second half of the current financial year, generating buzz among homebuyers and investors alike.

Mumbai Portfolio Grows with New Redevelopment Project

In addition to its Pune foray, VRPL has secured its fourth redevelopment project in Bangur Nagar, Goregaon West, Mumbai, in May 2024. Spread across 4,000 sq. mtrs., this project carries a development potential of approx. 3.5 lakh sq. ft. and is expected to deliver over INR 290 crore in revenue. This strengthens VRPL’s position in Mumbai’s western suburbs, further diversifying its premium offerings.

Strategic Pipeline Totals 2.7 Million Sq. Ft. Across Pune and Mumbai

With the addition of the Pune and Bangur Nagar projects, Vibe Realty’s total development pipeline now exceeds 2.7 million sq. ft., including prime acquisitions in Khar West, Bandra East, Andheri East, and Goregaon West. These strategic locations are positioned to tap into the rising demand for high-value, lifestyle-oriented real estate in India’s most dynamic cities.

Massive GDV and Upcoming Launches in the Next Quarter

Vibe Realty’s cumulative gross development value (GDV) from all projects is estimated at INR 2,000 crore. Notably, the company plans to launch inventories worth INR 1,100 crore within the next 90 days, setting the stage for a robust revenue cycle and sustained growth in key markets.

Key Highlights:

• Vibe Realty enters Pune with a flagship 1.03 million sq. ft. residential project at NIBM.
• Pune project to deliver 750+ premium homes, valued at over INR 650 crore.
• Amenities include a 12,000+ sq. ft. clubhouse, gym, pool, and green spaces.
• New Mumbai redevelopment project in Bangur Nagar adds 3.5 lakh sq. ft. and INR 290 crore in revenue.
• VRPL’s total development pipeline now stands at 2.7 million sq. ft. across Pune and Mumbai.
• Combined gross development value (GDV) of projects crosses INR 2,000 crore.
• Inventory worth INR 1,100 crore scheduled for launch in next 90 days.

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