WeWork India has taken 4 lakh square feet of office space on lease from real estate developer Panchshil Realty in Pune to provide managed workspace to corporate clients. Panchshil Realty Director Sagar Chordia said WeWork India already has centres in Panchshil buildings, such as WTC and Futura, in Pune.
Initially, DB Realty had intended to develop a 125-storey luxury hotel on the plot. However, the plan was later revised in favor of a luxury residential project featuring two towers., Real Estate News, Times Now
Edelweiss: DB Realty had initially planned to develop a 125-storey luxury hotel on the plot. The plan was later modified in favour of a luxury residential project with two towers, which remained a non-starter.
Further expanding its presence in Mumbais luxury space, the Prestige Group is planning to develop two luxury residential towers on this plot overlooking the Queens necklace and the Arabian sea.