Sugee Group has announced its entry into the second homes segment with the launch of a gated plotted development project in Karjat, in partnership with ACE Dealmakers and Purnasya. The project was initiated with a Bhoomi Poojan ceremony.

The development will offer freehold NA plots with clear titles, along with planned infrastructure including internal roads, gated security, and common recreational spaces. Buyers will have the option to design and build their own homes on the plots.

Location Advantage

Karjat has become a preferred location for second homes due to its proximity to both Mumbai and Pune, and its access through the Mumbai–Pune corridor. The area has seen increasing demand for weekend homes and land investments.

Developer and Partners’ Statements

  • Pritesh Jain, Partner – Sales and Finance, Sugee Group: said the company is extending its presence into the second-home market after building a track record in city developments.
  • Manish Jhunjhunwala, Director, ACE Dealmakers Ltd.: said ACE will leverage its expertise in sourcing and securing legally compliant land for the project.
  • Charmie Kanabar, Founder, Purnasya: said her firm will manage go-to-market strategy and sales execution.

Background

Sugee Group is known for residential developments in Mumbai. ACE Dealmakers has been involved in land transactions across Maharashtra, covering over 2,500 acres. Purnasya has worked with Sugee on earlier assignments and will drive the current Karjat project.

Site infrastructure work is underway, and the project will be positioned as a plotted development for families and investors seeking to build or hold land in a growing second-home market.

Also Read: Sugee Group Marks Successful Completion of homes promised before its scheduled time to 160+ Families at ‘Sugee Atharva’

You May Also Like

Shradh Spoils Home Sales in September 2024

Mumbai’s home sales plummeted in September 2024, recording just 9,012 registrations, the lowest since the start of the financial year. The decline is attributed to the Shradh period, traditionally viewed as inauspicious for purchasing property. This year’s registrations generated ₹872 crore in revenue, significantly lower than the ₹1,126 crore recorded in September 2023.

After a Decade of Waiting, MahaRERA Orders Homebuyer to Settle Remaining Payment for Flat Booking

On October 17, 2024, MahaRERA issued a significant order in the case of Rajendra Bhabutmal Shah vs. Shatrughan Bhanudas Chavare, instructing the homebuyer to pay the outstanding balance for a flat booked nearly ten years ago. This decision emphasizes the need for adherence to contractual commitments in real estate dealings.

CIDCO’s Hits 1,00,000 Applications, Registration Extended Until December 26

CIDCO’s “My Preferred CIDCO Home” scheme has reached a milestone of 1,00,000 applications for its 26,000 affordable homes. The registration deadline has been extended to December 26, 2024, allowing more citizens to apply and providing them additional time to gather necessary documents.

Mindspace Business Parks REIT Reports 25.8% YoY NOI Growth in Q2 FY26; Leasing Momentum Remains Strong

Mindspace Business Parks REIT delivered a strong Q2 FY26 performance with 25.8% YoY NOI growth, 0.8 msf leasing, and record occupancy. Backed by robust balance sheet strength and sustainability credentials, the REIT remains positioned for continued growth across India’s Grade-A office markets.