Kothrud emerges as Pune’s redevelopment epicenter, reveals ‘The Redevelopment Pulse’

MahaRERA analysis identifies 244 of Pune district’s 629 redevelopment-signal projects in Kothrud

Pune, October 6: Kothrud has emerged as the epicenter of Pune’s rapidly expanding redevelopment market, accounting for 244 of the 629 redevelopment-signal projects identified across Pune district, according to ‘The Redevelopment Pulse’ released by Dreams Redeveloped, Pune-based redevelopment advisory and data platform. The report examines Pune’s redevelopment landscape through publicly available MahaRERA data.

The report, based entirely on publicly available MahaRERA registration data, provides a data-driven view of the city’s redevelopment landscape and offers insights into project concentration, developer profiles and delivery timelines. The findings of the report were tabled before the members of the Press by CA S. Lakshminarayanan, Founder of Dreams Redeveloped during a Press Conference held in the city.

The report analyses 4,823 MahaRERA-registered projects in Pune district and identifies 629 projects carrying a redevelopment signal. In Kothrud alone, 244 projects account for 60% of the 410 MahaRERA registrations recorded in the area. The study also finds that redevelopment has evolved from a niche activity into a significant component of Pune’s residential real estate market.

Redevelopment projects accounted for just 3.6% of new Pune RERA registrations in 2017, but the proportion has remained between 23% and 26% annually since 2023. Among 1,869 active Pune projects analysed, 373, or 20%, carry a redevelopment signal.

The findings indicate that redevelopment is not restricted to Kothrud. Other prominent redevelopment areas include Erandwane-Deccan, Parvati-Sahakarnagar, Pimpri-Chinchwad, Gultekdi-Bibwewadi and Shivajinagar-Bhamburda. The report notes that while Kothrud has the highest concentration, location by itself does not appear to determine whether a redevelopment project will face delivery difficulties.

Another significant finding is the fragmented nature of Pune’s redevelopment developer market. The study identifies 449 developers who have registered at least one redevelopment project. Of these, 393 developers, or 88%, have exactly one redevelopment project registered with MahaRERA. The ten largest developers account for only 16% of the total redevelopment volume, indicating that the market comprises a large number of developers with only one redevelopment registration.

Project completion timelines, meanwhile, remain an important consideration for housing societies. Among redevelopment projects that had crossed their original MahaRERA completion date, 26.0% had lapsed, compared with 26.7% for other projects. However, 21.3% of redevelopment projects were operating on an extension, compared with 12.6% of other projects. The average extension for redevelopment projects that had crossed their original deadline was 16 months.

The Redevelopment Pulse also points to a potential delivery pressure in the coming period. As many as 214 active redevelopment projects are scheduled for completion in 2026–27, comprising 91 projects due in 2026 and another 123 due in 2027. Separately, the report records 30 active redevelopment projects that had already crossed their current completion date and 53 that had received at least one extension.

CA S. Lakshminarayanan, Founder, Dreams Redeveloped, said, “Kothrud’s position as the largest redevelopment cluster in Pune reflects the scale of opportunity that exists in established residential neighbourhoods. At the same time, the MahaRERA data makes it clear that the redevelopment label alone cannot be used to assess a project’s prospects. Societies need to examine the developer’s complete track record, previous project timelines, extension history and statutory disclosures before taking a decision. Through The Redevelopment Pulse, our objective is to bring reliable, publicly verifiable data into a process that has traditionally involved considerable information gaps.”

The report recommends four checks before societies select a developer: explore whether adjoining societies can redevelop together; review the developer’s complete MahaRERA history; verify extension certificates where applicable; and check the completeness of MahaRERA disclosures and their consistency with the developer’s proposal.

The Redevelopment Pulse is based on MahaRERA’s public registrations, using a data extract dated September 19, 2026.