Pune, India – September 24, 2024: Adar Poonawalla’s Rising Sun Holdings, a prominent real estate investment firm, has further solidified its presence in Pune with the acquisition of a substantial 1.75-lakh square feet office space in the city. The strategic purchase, valued at ₹395 crore, is a testament to Rising Sun Holdings’ confidence in Pune’s commercial real estate market and its long-term growth prospects.
The newly acquired office space is strategically located in a prime business district, offering excellent connectivity and accessibility. This prime location is expected to attract high-profile tenants and generate substantial rental income for Rising Sun Holdings. The acquisition aligns with the company’s broader strategy of investing in high-quality commercial assets across India.
Adar Poonawalla, the managing director of Rising Sun Holdings and the CEO of Serum Institute of India, has been actively expanding his real estate portfolio in recent years. This latest acquisition adds to a growing list of commercial properties owned by Rising Sun Holdings, including office buildings, industrial parks, and logistics facilities.
The purchase of this office space in Pune is a significant milestone for Rising Sun Holdings. It demonstrates the company’s financial strength, its ability to identify and capitalize on investment opportunities, and its commitment to contributing to the development of Pune’s commercial real estate sector. As Pune continues to emerge as a major economic hub, Rising Sun Holdings is well-positioned to benefit from the city’s growth and prosperity.
