Merlin Group Acquires 3.26-Acre Land in Pune for Commercial Development

Merlin Prime Spaces, a subsidiary of Kolkata-based Merlin Group, acquired a 3.26-acre (13,185 sq m) land parcel in Pune's Mundhwa near Koregaon Park for Rs 273 crore, with the transaction registered on February 20, 2026, and a stamp duty of Rs 19.11 crore paid. The group plans to develop an office-led commercial project targeting sectors like banking and insurance, with a total investment exceeding Rs 1,000 crore and completion expected by 2030. Mundhwa's proximity to key IT and business hubs has increased its real estate appeal.