PRA- Creating Milestones

The latest property index has stated that the real-estate prices in India are predicted to lower down by 3%. This certainly is great news for people planning to invest in realty market of Pune. This also is an opportunity for the real estate developers in Pune to come up with new chic and utilitarian projects in the commercial and residential area.

Creating benchmarks is no child's play when it comes to real market industry. The primary aim of any developer is to create a comfy home with all the basic amenities in place. In the recent years however the scenario has totally changed. Today's customer does not want only comfort. He demands for luxuries blended with comfort; safety, security and lavishness. We at PRA had already foreseen the future. Since 2005, we have been creating landmarks keeping in mind the growth, ecological, climatic impact and changes in Pune before commencing any project. For us, every project is a new beginning. Each of our projects reflects your lifestyle and takes care of your personal space.

The PRA advantage does not just end here; every individual project of ours is special in some way or the other. The common aspects of every residential project we undertake are luxury, lush greenery and security. Amenities like sports and entertainment arena, school, hospital and shopping centre are all an integral part of every project.

The IT industry is what has truly revolutionized the city of Pune. It has not only bought with it ample employment opportunities but a culture of sophistication. This also opened a world of opportunities for the real estate developers in Pune. Our "e-park" an intelligent IT and ITES Park located in MIDC Kharadi is designed for efficiency and excellence.

These are just a few examples of PRA's potential. With the property prices going down, the realty market is sure to see some more of spectacular PRA projects, all thanks to the overwhelming customer support. May it be construction projects or land acquisition, PRA is always there to help.


PRA Overview

PRA Realty (I) Pvt. Ltd. enters the Indian arena with its international services, dynamic leaders and its mission to be pioneers in the area of Real Estate Development. PRA is a land acquisition and real estate development company with offices in Mumbai, Pune, and Chicago. The firm was founded in 2005 to take advantage of several historic secular trends in India,

  •   Expected compound annual economic growth of 5% over the next four decades with the potential for high single-digit growth over the next 10 years.
  •      Enormous wealth creation with the country’s middle-class quadrupling by 2025 and per capita income increasing by up to 35 times by 2050.
  •     An existing housing shortage in the range of 20-25 million units, which will continue to be fed by further urbanization and wealth creation.
 We recognize the tremendous demand on the part of foreign capital to enter India as well as the increasingly relaxed legislative environment in which such investments can be made. As such, we primarily seek to attract foreign capital to acquire land and develop properties, with a focus in the following areas:

  Real estate class: Residential
  •     The residential supply-demand mismatch noted above is robust and not likely to be closed completely for decades.
  •     With legislation passed in 2005, foreign direct investment (FDI) used to develop integrated township properties became among the least difficult avenues for global investors to gain exposure to the enormous growth potential of India.
  •     Secondarily, we continue to explore opportunities to develop commercial properties and hotels throughout the country, also with global investment partners.

 Urban markets: Tier  II and III cities like Pune, Nagpur, and Nasik
  •   We believe these are the markets that will experience the greatest growth over coming decades as the national infrastructure improves and the demographic trends of wealth creation and urbanization continue unabated.
  •     These cities also offer, in our opinion, more fairly priced land.

Geopolitical: Maharashtra

  •  While we have considered and will continue to consider opportunities throughout India, our main focus is in the state of Maharashtra.
 We understand the unique challenges of developing real estate in India, including but certainly not limited to:

  •  Difficult and sometimes litigious land acquisition and aggregation.
  •     Bureaucratic zoning and construction approval processes.
  •     Management of development in the face of still-challenging infrastructure and extreme competition for resources and skilled labor.
 To meet these challenges and take advantage of the tremendous opportunity, PRA has grown its core capabilities by attracting an experienced and complementary team. We have assembled a nationally recognized development team, and we possess the necessary expertise, local knowledge, and relationships to acquire strategic land economically. We are extremely proud of the superb track record we have amassed in our short life as a firm.