Phoenix Mills launches luxury residential project in Pune

Announces 'Fountainhead' near Viman Nagar on the Pune-Ahmednagar Road

Phoenix Mills has forayed into Pune’s residential housing sector by announcing the launch of its project ‘Fountainhead’ near Viman Nagar on the Pune-Ahmednagar Road.

The project comprises 81 three and four bedroom apartments in two 13-floor towers.

The homes range from 3,000-5,100 sq ft in size and come at a base price of Rs 11,900 per sq ft.

“Pune has always been on the radar for us location advantages aside, its status as a hub for investment and industry makes it one of the fastest growing cities in the country. In markets saturated with promises of premium offerings, the aim is to showcase not just the next level, but a whole new language and paradigm of what luxury truly means,” said Mayank Ruia, head - Residential, Phoenix Mills.

However, Ruia has not disclosed any investment details of this project.  

Phoenix Mills, a BSE-listed company has a pan-India presence comprising over 6 million square feet across 6 major cities; the Residential portfolio includes 6.5 million square feet across Mumbai, Bangalore, Pune and Chennai, the commercial portfolio includes 2 million square feet in Mumbai and Pune and the hospitality portfolio includes The Palladium Hotel in Mumbai and a Courtyard by Marriot in Agra.