Shapoorji Pallonji Real Estate sells over 600 flats price Rs 400 crore in Pune

Image Source : PTI REPRESENTATIONAL IMAGE/PTI
Realty agency Shapoorji Pallonji Real Estate has bought over 600 models, price round Rs 400 crore, in its new housing challenge in Pune as housing demand started to recuperate. Shapoorji Pallonji Real Estate, which is a part of Shapoorji Pallonji group, didn’t formally disclose the worth of gross sales bookings.
However, sources stated it’s round Rs 400 crore.
In an announcement, the corporate stated it has “sold over 600 units in its newly launched housing project in Pune due to accelerated demand”.
Last month, Shapoorji Pallonji introduced an funding of round Rs 4,000 crore to develop a 148-acre mixed-use challenge ‘VANAHA’ close to Bavdhan, West Pune.
In the primary part, over 600 residences with varied unit configurations had been launched. The value ranged between Rs 39 lakh and Rs 89 lakh.

This premium mixed-use growth will likely be executed in phases and could have greater than 6,000 residences on completion.
Venkatesh Gopalkrishna, CEO, Shapoorji Pallonji Real Estate, stated: “The success of the project validates the trust of our valued homebuyers on the Shapoorji Pallonji brand and its 155-year legacy.”
Shapoorji Pallonji Real Estate has a growth pipeline of over 80 million sq.ft and is seeking to double its high line within the subsequent two to a few years.
The actual property arm is planning to launch new initiatives and new phases in its present initiatives in MMR, Pune, Gurugram, Bangalore and Kolkata.
Shapoorji Pallonji group additionally has a Rs 1,240 crore platform ‘Joyville’ in partnership with ADB, IFC and Actis.
Joyville has to date launched six housing initiatives in 4 main cities and is now on the lookout for new land parcels for future growth.
Latest Business News