Jhamtani: Setting New Milestones Across Pune's Skyline

Pune's real estate market is characterized by a dynamic interplay of demand and supply, influenced by technological, economic, and demographic factors. The city’s evolution into an IT and industrial hub has signi-ficantly boosted its real estate sector, making it a vibrant market with diverse opportunities. While challenges such as regulatory compliance and infrastructure development persist, the overall outlook for Pune’s real estate market remains positive, driven by sustained demand and strategic investments. In an environment where differen-tiation is vital, Jhamtani has embraced these challenges strategically.
 Meenakshi Jhamtani,  Executive Director

Jhamtani is synonymous with high-rise residential and commercial spaces in Pune’s real estate market, catering to the varied needs of a growing urban population and setting new standards. With over 35 years in business, Jhamtani began its journey by trading in construction materials, a core operation that continues today. Parmanand Jhamtani, the Chairman of Jhamtani, founded the company, and the Real Estate vertical was established in 2010 by Anup Jhamtani, the Managing Director. The inaugural project, Jhamtani Impressions, was launched in Pimpri, PCMC, featuring 3 and 4 BHK luxury apartments with retail spaces. This project set a benchmark by achieving the highest sales rates in the Pimpri market in 2010.

Building on this initial success, Jhamtani expanded its footprint by acquiring lands in various parts of Pune, particularly in the western regions. Notable projects such as Ace Almighty and Ace Augusta followed, marking more than 14 years in the real estate sector. The company has delivered over 2.3 million square feet, comprising approximately 13 to 14 completed projects out of the current portfolio of 23. In addition, there are seven to eight projects under construc-tion, encompassing another 2.5 million square feet, with a pipeline of 4 million square feet slated for construction this year.

Jhamtani’s portfolio includes a diverse range of residential and commercial projects. Residential developments span affordable housing, mid-segment, luxury, and super luxury categories, while commercial ventures include small offices, retail spaces, and Grade A offices. “We have a pan Pune presence, with projects in both PCMC and PMC areas, including Ravet, Tathawade, Pimpri, Punawale, Hinjewadi, Baner, Balewadi, and Koregaon Park annex", says Meenakshi Jhamtani, Executive Director at Jhamtani.

Redefining Luxury In Ravet

Ace Atmosphere is a testament to Jhamtani’s commitment to delivering high-quality residential projects that cater to modern lifestyle needs while leveraging strategic locations and innovative design. A project developed on land acquired eight years ago, Ace Atmosphere is strate-gically located in Ravet, one of West Pune’s premium locations known for its excellent connectivity. The area provides seamless access to key regions like Hinjewadi, MIDC, Baner, and Aundh. Initially considered for commercial development due to its prime location, the decision was to develop a residential project instead, recognizing the demand for well-connected yet tranquil living spaces.

Jhamtani, known for creating distinctive projects with notable elevations and features, brought this vision to life with Ace Atmos-phere. The project was conceptualized
as a landmark in Ravet, similar to its previous projects like Ace Almighty in Tathawade and Ace Augusta in Hinjewadi. In 2015, Ace Augusta was one of the first high-rise towers in Hinjewadi, setting a precedent in the area. The introduction of new UDCI regulations in Pune and PCMC allowed for an increased Floor Space Index (FSI), and the construction of a high-rise tower at Ace Atmosphere took shape.

Designing a 31-storey tower in Pune posed unique challenges as the city traditionally had fewer high-rise buildings than Mumbai. The architects at VKA (VK Architecture), who have collaborated with the Group for over a decade, played a crucial role in bringing this vision to fruition. The design incorporated extensive planning and wind analysis to ensure optimal natural light and ventilation for each apartment, particularly the 4 BHK units with three-side exposure.

Ace Atmosphere offers 2, 3, and 4 BHK apartments designed to focus on natural light and efficient layouts. The project is equipped with 52 modern amenities, including 24 operational amenities, 24 hours a day to accommodate the diverse schedules of its residents, many of whom work in the IT sector. These amenities range from a bowling alley and mini-golf to sunset and sunrise points, an amphitheater, alfresco dining, cafes, barbecues, and an open air movie theater.

Jhamtani, known for creating distinctive projects with notable elevations & features, brought this vision to life with ace atmosphere

Launched in July 2023, Ace Atmosphere received an enthusiastic market response, with over 200 units booked within seven to eight months. The innovative features, including skywalks on the 13th and 31st floors and extensive greenery, have contributed to its success. Despite being on a 2.5-acre plot, the project boasts nearly two acres of green spaces, enhancing the living experience for its residents. In addition, essential facilities and conveniences, including schools, colleges, hospitals, and retail outlets, are within a two to five-kilometer radius. Notable educational institutions like DY Patil College, JSSPM, Symbiosis College and Indira Schools are nearby, along with reputable hospitals such as Life point and Surya Hospital. The proximity to Phoenix Mall of Millenium, a major shopping destination, further enhances the location’s attractiveness.

The company’s vision extends beyond individual projects to become one of India’s top developers by 2030. A strategic roadmap and a commitment to excellence support this ambitious vision. The company is currently getting its valuation done, which is a step towards future fundraising and eventual public listing. This move indicates Jhamtani Realty’s long-term growth strategy and ambition to scale new heights. Jhamtani Realty, with its robust organizational structure, vibrant culture, and strategic vision, is well positioned to navigate the challenges of the real estate market.

The success of projects like Ace Atmosphere is a testament to the company’s ability to deliver on its promises and create value for its stakeholders. As it continues on its growth trajectory, Jhamtani Realty remains committed to its core values of quality, innovation, and customer satisfaction, ensuring that it remains a preferred choice for investors, homebuyers, and partners in the years to come.