Nirvana Vihar Rehabilitation Homes

Kumar Builders KUL was finally nearing completion on the four luxury condominium towers that comprised the first phase of its bold vision for the redevelopment of more than 70-acres of prime real estate in downtown Pune, India. The Nirvana Hills development also involved working with the Slum Redevelopment Authority to relocate and build on the site homes in towers for at least 20,000 slum dwellers and restoring much of the site to green space. At the request of Chairman Lalitkumar Jain, KUL's project team had assembled to discuss planning for Phase II, a massive mixed-use scheme of more than 7.2 million square feet of market rate residential and commercial development. Kruti Jain, the 28 year old daughter of Lalitkumar and CEO of KUL, and her team must weigh many decisions including the appropriate mix of uses for Phase II, determine the proper phasing, assess a potential partnership, and manage relationships with the slum community benefiting from the development.