Casagrand Premier Builder Limited is an Indian real estate developer headquartered in Chennai, Tamil Nadu, established in 2003. For over two decades its identity was shaped almost entirely by South India. The company is the largest residential real estate developer in Chennai, holding approximately 24% of the market in terms of project launches between January 2017 and March 2024. From a single-city operation, Casagrand expanded its footprint across Bengaluru, Hyderabad, and Coimbatore before setting its sights on western India. In July 2025, Casagrand announced its first project in Pune, Upper Kharadi, and named Bollywood actors Genelia and Riteish Deshmukh as brand ambassadors for the western India market.
Casagrand entered the Pune housing market for the first time, marking the company's first move into West India and a significant step toward becoming a nationwide brand. The company acquired two land parcels in Pune — one in Upper Kharadi and another in Wagholi — with plans to build around 3 million square feet of homes across both sites. The Upper Kharadi parcel is where the first project, Casagrand Caladium, is taking shape. The company has also inaugurated a Mumbai development office, strengthening its operational base in Maharashtra and enabling it to serve homebuyers across the state with the same commitment that defined its South India track record.
Pune buyers evaluating a new market entrant have a substantive record to assess. As of June 30, 2025, Casagrand had 103 completed projects, 57 ongoing, and 21 forthcoming, together covering a total saleable area of nearly 90 million square feet. Revenue from operations grew at a CAGR of 18.02%, rising from ₹1,876.82 crore in FY2022 to ₹2,613.99 crore in FY2024, while profit after tax rose from ₹146.08 crore to ₹256.95 crore over the same period, a CAGR of 32.63%. A CBRE report cited in the company's DRHP recognised Casagrand for delivering high-quality, product-driven solutions within set timelines.
In September 2024, Casagrand Premier filed its draft red herring prospectus with SEBI for an IPO, and in December 2024 received SEBI's final observations for a ₹1,100 crore offering. SEBI issued observations on the company's refiled draft papers on June 8, 2026, clearing the path for a proposed ₹1,220-crore book-built IPO comprising a ₹1,200 crore fresh issue and a ₹20 crore OFS. For a Pune buyer, that progression toward a public listing adds a layer of financial transparency that is rare among regional developers stepping into a new market.
Casagrand manages every stage of project development in-house — from land acquisition to design, construction, marketing, and sales — a model it has applied uniformly across Chennai, Bengaluru, Hyderabad, and now Pune. Casagrand Caladium also received recognition at the 17th Realty+ Excellence Awards Pune 2026, winning Best Landscape Project of the Year in the residential category.
Casagrand Premier Builder Limited introduced Casagrand Caladium as a premium residential project in Upper Kharadi, Pune, spread across 2.8 acres and offering thoughtfully designed 2 BHK and 3 BHK apartments. The project features 334 luxury apartments across 2 and 3 BHK configurations. The development comprises 5 towers of G+16 storeys.
Inspired by Singapore's residential aesthetics, every aspect of the community — from its architecture and green zones to its amenities — is designed to maximise space, light, and ventilation. The project features a low-density design with only 4 units per core served by 3 lifts, a glass facade elevation with landscaped surroundings, and a grand entrance archway framed by scenic landscaping.
| Configuration | Carpet Area Range |
|---|---|
| 2 BHK | 913 – 1,128 sq ft |
| 3 BHK | 1,301 – 1,334 sq ft |
The project is registered under MahaRERA with number P52100080302. Apartments are available at a starting price of ₹1.05 crore, with possession scheduled for October 2028.
The project includes a 13,500 sq ft grand clubhouse with a rooftop infinity-edge swimming pool and over 110 lifestyle amenities. These include a gym, AV room, party deck, futsal lawn, amphitheatre, BBQ corner, horse club, multipurpose hall, yoga court, kids' play area, and jogging track, among others. Over 2 acres of the site are dedicated to open space, with 30,000 sq ft of landscaped greenery.
Once a quiet suburb in Eastern Pune, Kharadi has transformed into one of the city's most dynamic IT hubs, attracting major corporates, startups, and professionals. It hosts global companies like Credit Suisse, Zensar, and Mphasis, with over 11 million sq ft of organised office space and several new tech parks under construction. Upper Kharadi sits at the northern fringe of this corridor, offering proximity to employment without the density of the established Kharadi core.
Casagrand Caladium is 10 km from Pune International Airport, 15 km from a metro rail station, 3 km from an International Tech Park, and 4 km each from EON IT Park and the World Trade Centre Pune. The project is strategically situated in Upper Kharadi with exceptional connectivity to major landmarks and sits just a minute from the Mumbai-Pune Highway.
The area is well-connected to Pune Airport, Koregaon Park, Viman Nagar, and Kalyani Nagar. The upcoming Pune Metro Line 3, which will pass through Kharadi, is expected to enhance accessibility further and reduce travel times for working professionals and families.
Casagrand Caladium's entry pricing sits within, and in some configurations above, the upper band of Kharadi's general market. Flat prices in Kharadi range from ₹8,700 to ₹13,700 per sq ft, with an average transaction rate around ₹12,453 per sq ft based on Maharashtra government registration data. Flat rates in Kharadi have appreciated 36.3% over three years and 49.7% over five years.
Rental yields in the locality in 2025 are in the range of 4–6%, outperforming most other residential zones in Pune. A modern 2 BHK in Kharadi typically rents for ₹35,000–₹45,000 per month, driven by demand from IT professionals and expatriates employed at nearby campuses. For a buyer at Casagrand Caladium, those numbers form the rental floor that underpins the investment case.
Casagrand's decision to debut in Maharashtra through Upper Kharadi rather than an established Pune address — say, Baner or Hinjewadi — signals a deliberate thesis: that the East Pune IT corridor is underserved by the calibre of product available in western Pune, and that the buyer profile here — professionals working at EON IT Park, WTC Pune, Barclays, and Cognizant — demands something closer to what Chennai and Bengaluru buyers have come to expect from the Casagrand brand. Casagrand's founder Arun MN has stated that Pune is now one of the top cities for premium housing in India, driven by strong demand from IT, finance, and manufacturing sector buyers.
Casagrand is the largest developer in the residential sector of Chennai during the period January 2017 to June 2025, according to a CBRE report. Bringing that operating discipline to Upper Kharadi — where the developer has no legacy inventory to protect — gives Casagrand a structural incentive to deliver Caladium on schedule and on specification, since the project serves as both a commercial launch and a proof-of-concept for the company's entire western India ambition.