{"id":4094,"date":"2026-08-21T20:16:11","date_gmt":"2026-08-21T14:46:11","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=4094"},"modified":"2026-08-21T20:16:12","modified_gmt":"2026-08-21T14:46:12","slug":"sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/","title":{"rendered":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore"},"content":{"rendered":"\n<p>State Bank of India (SBI) has acquired leasehold rights over an 8,581-sq-metre parcel in Pune\u2019s Kharadi Knowledge Park, along with outright ownership of a 17,078.56-sq-metre commercial building standing on the land, for \u20b9414 crore. According to the documents accessed by <a href=\"https:\/\/www.crematrix.com\/\">CRE Matrix<\/a>,  the transaction was registered on August 14, 2026. Siddhivinayak Enterprises executed the deed of assignment as the assignor, while SBI acquired the property as the assignee.<\/p>\n\n\n\n<p>The property sits in Kharadi Knowledge Park, Village Kharadi, Taluka Haveli, Pune district. The location forms part of Pune\u2019s established commercial and IT corridor and hosts a growing concentration of office and business activity.<\/p>\n\n\n\n<h2><strong>Transaction Details<\/strong><\/h2>\n\n\n\n<p>The transaction covers 8,581 sq metres of leasehold land, equivalent to approximately 92,361 sq ft. In addition, SBI has acquired outright ownership of the commercial building constructed on the parcel.<\/p>\n\n\n\n<p>The building spans 17,078.56 sq metres, or approximately 1.84 lakh sq ft. It comprises a basement, stilt and 15 floors, giving SBI control of a sizeable built-up commercial asset in one of Pune\u2019s key business districts.<\/p>\n\n\n\n<p>SBI paid \u20b9414 crore as consideration for the transaction. The registration also involved stamp duty of \u20b928.98 crore.<\/p>\n\n\n\n<h2><strong>What does the \u20b9414-crore consideration imply?<\/strong><\/h2>\n\n\n\n<p>A simple division of the \u20b9414-crore consideration by the 8,581-sq-metre land area gives an indicative value of approximately \u20b94.82 lakh per sq metre, or around \u20b944,800 per sq ft of land area.<\/p>\n\n\n\n<p>However, this calculation does not represent the actual land price. The transaction includes both the leasehold rights over the land and outright ownership of the 1.84-lakh-sq-ft building. Therefore, the consideration reflects the overall property acquisition rather than a standalone land valuation.<\/p>\n\n\n\n<h2><strong>Why is the acquisition significant for Kharadi?<\/strong><\/h2>\n\n\n\n<p>The acquisition strengthens SBI\u2019s presence in Kharadi, which has developed into one of Pune\u2019s major office and business hubs. Moreover, the scale of the asset gives the bank control over a substantial commercial building within an established IT and employment corridor.<\/p>\n\n\n\n<p>The transaction also highlights continued institutional activity in Pune\u2019s commercial real estate market, particularly in established office locations such as Kharadi, where large-format assets continue to attract significant capital commitments.<\/p>\n\n\n\n<h2><strong>Recent Transactions<\/strong><\/h2>\n\n\n\n<p>Pune\u2019s commercial real estate market continues to see activity across office, retail and investment assets. Recent transactions highlight sustained demand for quality commercial properties, strategic locations and large-format assets, reinforcing Pune\u2019s position as one of India\u2019s key real estate markets.<\/p>\n\n\n\n<p>Earlier this year, <a href=\"https:\/\/www.crematrix.com\/blog\/merlin-group-acquires-3-3-acre-land-near-punes-koregaon-park-for-rs-273-crore\/\">Merlin Group acquired a 3.26-acre land parcel in Mundhwa, near Koregaon Park, Pune, for \u20b9273 crore<\/a>. The developer plans to develop an office-led commercial project on the site.<\/p>\n\n\n\n<p>Track Pune\u2019s latest real estate transactions with CRE Matrix. Explore verified property deals, valuations and market activity.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.crematrix.com\/#schedule_demo\">Book a demo now<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India (SBI) has acquired leasehold rights over an 8,581-sq-metre parcel in Pune\u2019s Kharadi Knowledge Park, along with outright ownership of a 17,078.56-sq-metre commercial building standing on the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":4097,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,147],"tags":[5,4,77,208],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore<\/title>\n<meta name=\"description\" content=\"SBI has acquired a 1.84 lakh sq ft commercial building on leasehold land in Kharadi, Pune, for \u20b9414 crore, according to CRE Matrix.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-\u20b9414-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore\" \/>\n<meta property=\"og:description\" content=\"SBI has acquired a 1.84 lakh sq ft commercial building on leasehold land in Kharadi, Pune, for \u20b9414 crore, according to CRE Matrix.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-\u20b9414-crore\/\" \/>\n<meta property=\"og:site_name\" content=\"CRE Matrix\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/abhishek.k.gupta.1840\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-21T14:46:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-21T14:46:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\u20b9414-Crore.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1216\" \/>\n\t<meta property=\"og:image:height\" content=\"832\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhishek Kiran Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#website\",\"url\":\"https:\/\/www.crematrix.com\/blog\/\",\"name\":\"CRE Matrix\",\"description\":\"A Deep Analytics Platform for Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.crematrix.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\\u20b9414-Crore.png\",\"contentUrl\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\\u20b9414-Crore.png\",\"width\":1216,\"height\":832,\"caption\":\"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \\u20b9414 Crore\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#webpage\",\"url\":\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/\",\"name\":\"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \\u20b9414 Crore\",\"isPartOf\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#primaryimage\"},\"datePublished\":\"2026-08-21T14:46:11+00:00\",\"dateModified\":\"2026-08-21T14:46:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1\"},\"description\":\"SBI has acquired a 1.84 lakh sq ft commercial building on leasehold land in Kharadi, Pune, for \\u20b9414 crore, according to CRE Matrix.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.crematrix.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \\u20b9414 Crore\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1\",\"name\":\"Abhishek Kiran Gupta\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/20ab75cb7a69e0d1d28d4cd273ef3641dd44a27646442e00bea07a6e9c8b880b-100x100.png\",\"contentUrl\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/20ab75cb7a69e0d1d28d4cd273ef3641dd44a27646442e00bea07a6e9c8b880b-100x100.png\",\"caption\":\"Abhishek Kiran Gupta\"},\"description\":\"CEO and Co-Founder\",\"sameAs\":[\"https:\/\/www.facebook.com\/abhishek.k.gupta.1840\",\"https:\/\/www.instagram.com\/abhishekkirangupta\/\",\"https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/\",\"https:\/\/www.youtube.com\/@akg_voiceofrealestate\"],\"url\":\"https:\/\/www.crematrix.com\/blog\/author\/crematrix\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore","description":"SBI has acquired a 1.84 lakh sq ft commercial building on leasehold land in Kharadi, Pune, for \u20b9414 crore, according to CRE Matrix.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-\u20b9414-crore\/","og_locale":"en_US","og_type":"article","og_title":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore","og_description":"SBI has acquired a 1.84 lakh sq ft commercial building on leasehold land in Kharadi, Pune, for \u20b9414 crore, according to CRE Matrix.","og_url":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-\u20b9414-crore\/","og_site_name":"CRE Matrix","article_author":"https:\/\/www.facebook.com\/abhishek.k.gupta.1840","article_published_time":"2026-08-21T14:46:11+00:00","article_modified_time":"2026-08-21T14:46:12+00:00","og_image":[{"width":1216,"height":832,"url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\u20b9414-Crore.png","path":"\/app\/public\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\u20b9414-Crore.png","size":"full","id":4097,"alt":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore","pixels":1011712,"type":"image\/png"}],"twitter_card":"summary","twitter_misc":{"Written by":"Abhishek Kiran Gupta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.crematrix.com\/blog\/#website","url":"https:\/\/www.crematrix.com\/blog\/","name":"CRE Matrix","description":"A Deep Analytics Platform for Real Estate","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.crematrix.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\u20b9414-Crore.png","contentUrl":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/08\/SBI-Acquires-1.84-Lakh-Sq-Ft-Building-on-Leasehold-Land-in-Kharadi-for-\u20b9414-Crore.png","width":1216,"height":832,"caption":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore"},{"@type":"WebPage","@id":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#webpage","url":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/","name":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore","isPartOf":{"@id":"https:\/\/www.crematrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#primaryimage"},"datePublished":"2026-08-21T14:46:11+00:00","dateModified":"2026-08-21T14:46:12+00:00","author":{"@id":"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1"},"description":"SBI has acquired a 1.84 lakh sq ft commercial building on leasehold land in Kharadi, Pune, for \u20b9414 crore, according to CRE Matrix.","breadcrumb":{"@id":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.crematrix.com\/blog\/sbi-acquires-1-84-lakh-sq-ft-building-on-leasehold-land-in-kharadi-for-%e2%82%b9414-crore\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.crematrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SBI Acquires 1.84 Lakh Sq Ft Building on Leasehold Land in Kharadi for \u20b9414 Crore"}]},{"@type":"Person","@id":"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1","name":"Abhishek Kiran Gupta","image":{"@type":"ImageObject","@id":"https:\/\/www.crematrix.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/20ab75cb7a69e0d1d28d4cd273ef3641dd44a27646442e00bea07a6e9c8b880b-100x100.png","contentUrl":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/20ab75cb7a69e0d1d28d4cd273ef3641dd44a27646442e00bea07a6e9c8b880b-100x100.png","caption":"Abhishek Kiran Gupta"},"description":"CEO and Co-Founder","sameAs":["https:\/\/www.facebook.com\/abhishek.k.gupta.1840","https:\/\/www.instagram.com\/abhishekkirangupta\/","https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/","https:\/\/www.youtube.com\/@akg_voiceofrealestate"],"url":"https:\/\/www.crematrix.com\/blog\/author\/crematrix\/"}]}},"_links":{"self":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/4094"}],"collection":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/comments?post=4094"}],"version-history":[{"count":2,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/4094\/revisions"}],"predecessor-version":[{"id":4096,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/4094\/revisions\/4096"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/media\/4097"}],"wp:attachment":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/media?parent=4094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/categories?post=4094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/tags?post=4094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}