Gardenia Redevelopment Project

🏢 Project Details

Project Name: Gardenia Redevelopment

Configuration: Premium 2 & 3 BHK Apartments

Property Type: Residential Redevelopment

Project Status: Proposed Redevelopment

Location: Somnath Nagar, Vadgaon Sheri, Pune

📍 Prime Location

Located in the heart of Vadgaon Sheri, Gardenia Redevelopment enjoys exceptional connectivity to Pune's commercial, business, and lifestyle hubs.

📐 Development Overview

Total Plot Area: 8,251 sq.m (88,813 sq.ft)

Road Width: 24 Meter DP Road

Permissible Built-up Area: 4,00,791 sq.ft

Projected RERA Carpet Area: 3,42,257 sq.ft

Projected Saleable Area: 4,83,947 sq.ft

100% FSI Utilization

Residential Saleable Area: 3,68,520 sq.ft

Commercial Shops: 25,054 sq.ft

Office Space: 90,372 sq.ft

🏘️ Existing Society Details

Residential Flats: 175

Commercial Shops: 8

Total Existing Units: 183

📊 Financial Highlights

Revenue & Profit

Projected Revenue: ₹349.35 Crore

Projected Profit: ₹119.49 Crore

Estimated ROI: 1.70x

Development Cost

Estimated Project Cost: ₹211.12 Crore

Investment Requirement

Investment Required: ₹70.31 Crore

Investment Period: 3 Years

Investment Schedule

Stage I: ₹11.72 Cr – Development Agreement

Stage II: ₹32.66 Cr – Statutory Approvals

Stage III: ₹8.07 Cr – Vacating & Site Preparation

Stage IV: ₹17.86 Cr – Construction Commencement

💼 Redevelopment Terms

Refundable Security Deposit: ₹10 Crore

One-Time Shifting & Rent Compensation

40% Increase in Existing Built-up Area for Society Members

Media Commission: 2%