The Panchshil Group, owned by Mr Atul Chordia, has made significant improvements to Pune's infrastructure. The structures developed by The Panchshil group have completely changed Pune city’s skyline, whether we talk about office parks, hotels, residences, or retail malls.
Panchshil provides end-to-end project management, facility management services, fit-out management, architecture and interior design services driven by technology to deliver the best user experience. Panchshil Group has been a pioneer in bringing technological innovations to real estate that have helped accelerate the construction speed as well as the quality of construction.
Panchshil Group began its expansion with the goal of raising the standard of living for many people, beginning with the first residential project in Pune. Currently, Panchshil Group is concentrating on developing office parks, residential buildings, hotels, and numerous other projects.
Objective
Mr Atul Chordia - The Panchshil Group Owner, strongly believes that the spaces we live in play a crucial role in our lives and must suit our requirements without compromising on quality. With this in mind, he developed projects and designed spaces to suit residential and commercial needs. His overwhelming success has been an integral motivation for him while spearheading the company.
Mr Atul Chordia aims to enhance lifestyles through his ventures, from homes to integrated workspaces, hospitality, and sustainable developments, focusing on luxury.
Panchshil Group Projects and Properties
· Atul Chordia’s first residential project as a real estate developer was The Satellite Towers in Mundhwa, Pune. He continued his growth by developing a built-to-suit project for AXA Business Services.
· Panchshil opened the International Convention Centre (ICC) in 2002, making it one of the largest convention centres in South Asia.
· Panchshil launched Tech Park One for IBM in 2003.
· Panchshil Realty received Foreign Direct Investment (FDI) from Merrill Lynch in 2004, and in 2005, Panchshil launched Oakwood Residence, Pune's first internationally-branded serviced residence.
· Panchshil launched EON Free Zone, India's first IT & IT-eS SEZ, in 2006, creating wealth assets and job opportunities.
· Panchshil Realty introduced yoopune by Philippe Starck as India's first internationally branded residence in 2007.
· The following year, in 2008, the company partnered with Marriott International to open Courtyard by Marriott, Pune's first Marriott property.
· The Pune Marriott Hotel and Convention Center opened in 2010, as did Pune’s sole World Trade Center developed by Panchshil.
· In 2013, Pune Marriott Hotel and Convention Center was upgraded to JW Marriott. In the same year, Panchshil added the Trump Organization to his portfolio and introduced it to the country.
· After the acquisition of Mumbai's Express Towers in 2014, Panchshil signed an MOU with the Government of Maharashtra in 2015 to develop four IT parks across Mumbai and Pune. Panchshil acquired First International Financial Centre (FIFC), BKC, Mumbai in 2017, all three in collaboration with Blackstone.
· Panchshil launched the world's first Yoo-branded villas in 2018, followed by the opening of The Ritz-Carlton hotel in central Pune the following year.
· Panchshil also entered Maldives to build Amari Raaya, which began in 2019 and introduced the multi-utility SOHO concept in 2020.
· Panchshil collaborated with GIC, Singapore, to build Eon West in 2021.
· Few of the many other Panchshil landmarks include Panchshil Towers, Panchshil Business Park- Phase 1 for Cummins India, Avant Garde (New Delhi), The Pavilion Mall, Panchshil Business Park- Phase 2, Futura and EON Free Zone- Phase 2.
Until now, Panchshil has delivered 28 million square feet of prime real estate across several asset classes in addition to the 17.5 million square feet it is currently developing.
Panchshil Foundation
Panchshil Foundation was established by Panchshil Group. It focuses on creating a sense of purpose that encourages community ownership and belonging. The Panchshil Foundation was established to promote long-lasting benefits for the economy and culture. Better lives are built through the integration of education, healthcare, arts, sports, and the environment, with the belief that better lives lead to better communities. In these areas, the foundation equally emphasises the importance of the individual and the community.
Mr Atul Chordia and Panchshil Group place a strong emphasis on sustainability. For a couple of its projects, it has received Platinum and Gold LEED certifications. Panchshil Group consistently works to improve the environment through initiatives like water recycling, energy-efficient devices, installing EV charging stations in office parks, and rainwater harvesting, among others.
