Name

Kundan Spaces

Legal name

KUNDAN SPACES LLP

Website

https://kundans.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Primary revenue stream from selling residential apartments and homes across various budget segments (affordable, mid-range, and luxury). Properties include 1BHK, 2BHK, and 3BHK apartments in Pune.
2. Commercial Property Sales: Revenue from selling commercial spaces including offices and shops in prime commercial locations across Pune. Projects include Profitbay (Laxmi Road and BT Kawade Road) and WYNG.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Kundan Spaces is a Pune-based real estate developer that designs, constructs, and sells residential apartments (1, 2, and 3 BHK) and commercial properties (offices, shops, and retail spaces) across multiple prime localities in Pune. The company manages the full lifecycle from land acquisition and architectural design to construction, RERA registration, sales, and handover, with all ongoing projects registered under MahaRERA. It also operates a customer referral program (Kundan Advantage) and provides property management support for NRI investors.

Product overview

Kundan Spaces is a Pune-based real estate developer with 45+ years of history offering residential and commercial properties. The product portfolio includes ongoing residential projects (Praangan with 1-3 BHK near Khadki, Eternia 2.0 with 2-3 BHK near Sopan Baug, Espacio with 2-3 BHK in Balewadi) and ongoing commercial projects (Profitbay Laxmi Road and Profitbay BT Kawade Road, plus Wyng - Pune's tallest commercial tower in Camp). The company also operates a loyalty program called Kundan Advantage for referrals. Their completed projects span from 1983 onwards across residential and commercial categories throughout Pune.

Differentiator

Problem solved

Functional benefit

Products and services

• Praangan Residential project offering 1, 2, and 3 BHK apartments in Bhopkhel near Khadki, Pune. Spread across 3.36 acres with amenities including fitness center, children's play area, jogging track, outdoor exercise area, and senior citizen area. The tallest tower in Bhopkhel locality. Pricing from ₹45 Lakhs onwards.
• Eternia 2.0 (Eternia Phase II) Tallest residential tower in its vicinity offering 2 and 3 BHK apartments near Sopan Baug, Pune. Features five levels of secure parking, residences beginning on the 6th floor with unobstructed views, abundant natural light, and exceptional ventilation. Spread across 4.02 acres. Pricing from ₹97 Lakhs onwards.
• Espacio Premium residential development with 2 and 3 BHK apartments in Balewadi, Pune. Spread across 8,900 sq.mtr with contemporary living standards. Pricing from ₹1.21 Cr onwards.
• The Peak 3 BHK luxury residential apartments in NIBM, Pune. 16-floor project on 0.95 acres with amenities including clubhouse, gym, kids' play area, party lawn, swimming pool, and amphitheatre. RERA No. P52100017885. Pricing from ₹1.56 Cr onwards.
• Wyng Pune's tallest commercial tower located in Camp, Pune. Landmark development showcasing architectural innovation and high-impact real estate solutions, offering offices and retails sized 414-3,686 sq.ft. Pricing from ₹1.50 Cr onwards.
• Profitbay Laxmi Road Premium commercial development on iconic Laxmi Road, Pune. Features shops and offices across 0.44 acres with party lawn, 24/7 security, escalator and elevators, atrium air conditioned storage, and power backup. Pricing from ₹1.50 Cr onwards. RERA: P52100028904.
• Profitbay BT Kawade Road Commercial destination in BT Kawade Road, Pune designed for growing businesses and professionals. Offers smaller office and shop spaces across G+3 floors on 0.66 acres with strategic location and modern infrastructure. Pricing from ₹45 Lakhs onwards. RERA: P52100033914.
• Kundan Advantage Referral Program Exclusive loyalty and referral program for Kundan Spaces homeowners offering 1.5% reward (up to ₹1 Lakh or more) upon successful booking of referred clients, along with premium lifestyle offers, curated events, and exclusive privileges.

Quantifiable outcome

• Multiple projects delivered successfully since 1980
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Neeta LullaminorOthersNeeta Lulla is associated with Kundan Spaces as a designer/collaborator. The partnership page (kundans.com/neeta-lulla/) exists but limited details are available about the nature of collaboration.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Lodha (Macrotech Developers): India's largest listed real estate developer with a nationwide footprint and expanding Pune presence. Comparable as a broad incumbent in Indian residential real estate with greater scale, capital access, and brand reach than Kundan.
• Godrej Properties: Nationally listed developer with active projects across Pune. Comparable for its broad residential and commercial portfolio, though its scale, capital base, and institutional governance exceed Kundan's significantly.
• Brigade Enterprises: South India-headquartered developer with growing Pune presence. Comparable as a broader incumbent offering mixed residential and commercial projects with stronger institutional backing than Kundan.

Regional players

• Amanora Park Town (Amanora Group): Pune-based large-format township developer with mixed-use projects. Comparable for its Pune-centric residential and commercial focus, though its township scale differs from Kundan's individual project model.

Direct peers

• Marvel Realtors: Pune-based residential developer with premium and luxury projects across the city. Overlaps with Kundan's high-end offerings like The Peak and Presidia and competes in the same Pune micro-markets.
• Naiknavare Developers: Pune-based residential and commercial developer with multiple projects across prime localities. Comparable to Kundan for its Pune-only footprint and similar BHK and commercial offerings.
• Pride Group: Pune-headquartered developer with a strong presence in PCMC and Pune city. Comparable to Kundan in micro-market coverage and product positioning across residential segments.
• VTP Realty: Pune-based developer focused on residential projects across the city's eastern and western corridors. Comparable to Kundan for its Pune-only concentration and similar BHK product offerings targeting mid-market buyers.
• Kolte-Patil Developers: Pune-headquartered residential and commercial developer listed on NSE/BSE. Most directly comparable to Kundan Spaces due to overlapping Pune micro-markets (Wakad, Kothrud, Baner, NIBM) and similar product mix spanning affordable to luxury segments.
• Paranjape Schemes (Construction) Limited: Long-standing Pune-based developer with a diversified residential and commercial portfolio. Comparable scale and product mix, with similar mid-to-premium segment focus and Pune-centric operations.

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kundan-spaces
• Instagraminstagram.com/kundanspaces
• Xx.com/kundanspaces1

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kundan Spaces