Leading real estate developer Lodha has recently sold a penthouse called ‘Emperor Palace’ for a whopping Rs 37 crore, the “most expensive” property deal in the luxury apartment segment, according to a report by the luxury real estate firm.

This sprawling 12,000 sq/ft penthouse, part of Lodha One project at Bund Garden in Pune, is an elegant property developed by Macrotech Developers, which functions under the brand name Lodha. The Lodha One project is known for its picturesque location and opulent design.

The Emperor Palace, the city’s first penthouse at the top of a residential tower, gives a view of the sprawling 500 acres of greenery.

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Over the last two years (April 2022 to date), Pune has seen 32 apartment registrations in the luxury segment, valued above Rs 10 crore (agreement value).

The highest value of which was Rs 18.5 crore. Post-registration on RERA, the Lodha One (Bund Garden) penthouse, with a per-square-foot price in the range of Rs 28,000-29,000, becomes the most expensive in this segment.

Also read: Budget 2024: Real estate looks forward to policy reforms to streamline processes, drive growth

Lodha One amenities

Lodha One is the developer’s first luxury project in Pune, as the city is experiencing a notable shift in demand towards luxury gated residential communities equipped with the world’s finest homes, imbued with exceptional 5-star amenities and services. Lodha’s move with Bund Garden comes as a response to meeting this demand and the rising scarcity of land in Pune.

Seated atop a residential tower, Lodha One Bund Garden is spread across 3 levels with features like a private terrace and pool for the homeowners.

Exclusive services are provided by Lodha’s private hospitality service, Saint Amand, catering to all hospitality needs of the residents. It is designed by Singapore-based, Sitetectonix firm in alignment with Lodha’s philosophy.