Real Estate News: Shapoorji Pallonji is one of the reputed players in India’s real estate industry. In recent news, the real estate firm has added another feather to its cap by launching one of the most successful projects in Pune, Maharashtra. The Shapoorji Pallonji real estate sold over 600 units worth nearly Rs 400 crore in its housing project named Vanaha, as the estate demand began to accelerate. The Vanaha project is a housing unit by Shapoorji Pallonji with luxurious 1, 2 & 3 BHK. The apartments are beautifully crafted with world-class amenities and elegant touch and are approved by Maharashtra RERA.
Shapoorji Pallonji Real Estate, a part of the Shapoorji Pallonji group, never really came forward to disclose sales bookings’ real value. However, if the sources are believed, then the value of sales is nearly Rs. 400 crore. “The project is sprawled across 148 acres of land, and it will be a mixed-use development. It will be a part of one of the largest townships in India,” the company said in a statement. In its first phase, the company launched various property units consisting of 1, 2, and 3 BHK apartments. The property ranges between Rs. 39 lakh to Rs. 89 lakh.
Speaking on the successful launch, Mr. Venkatesh Gopalkrishna, the CEO of Shapoorji Pallonji Real Estate, said, “The successful launch of the newly launched project only validates the trust of the valued home buyers in the Shapoorji Pallonji brand and its 155-year legacy. He also said that the organization had been continuously working on offering quality and timely delivery, ensuring that the brand’s value grows with every passing year. The brand vouch for both development and construction expertise of the Group, and we believe this is what sets the company stands apart.”
This modern infrastructure with a premium feel and mixed-use development will be executed in the upcoming phases and will consist of more than 6,000 apartments after its competition. The newly launched project near Bandhan is smartly planned and strategically located, which is well connected with Mumbai-Bangalore Highway. It has excellent connectivity with Hinjewadi, and Baner IT Hubs, which resulted in its high demand, and the company sold 600 housing units in no time.
Apart from this, the property is well located and has all the basic facilities nearby, from well-developed social infrastructures to public infrastructures like hospitals, educational institutions, commercial centers, shopping centers, and retail zones. This thoughtfully designed property comes with a dedicated art clubhouse, kid’s play area, swimming pool, cycling track, and a garden walkway. Overall, there’s hardly any facility that the property lacks when offering a high-class lifestyle to the residents.
Shapoorji Pallonji Real Estate Market Pune
Shapoorji Pallonji has a stronghold in the Pune real estate market with its several flagship landmarks like SP Infocity, Joyville Hadapsar, SP Residency, Joyville Hinjawadi, and Sensorium.
In October 2020, Shapoorji Pallonji Real Estate sold a record-breaking 800 apartments during its launch of one of the housing projects under its brand ‘Joyville’ in East Pune. The Shapoorji Pallonji Group has been a global player and a driving force in India’s real estate sector since the 1970s, dealing in various business segments from Real estate, water energy, and financial services to developing megastructures, engineering, and construction, to name a few. The developer is renowned for its cutting-edge design, finest architectural and high-class construction quality, palatial skyscrapers to affordable housing and modern workspaces.
The company has been a dedicated workforce of more than 70,000 people and across 70 countries focusing on sustainable development. The Real Estate gamer has a development pipeline of nearly over 80 million sq. ft with a plan to double up its top line in the next 2-3 years. Other than this, Shapoorji Pallonji real estate is also planning to launch a few new projects and new phases in its existing projects in Gurugram, Bengaluru, MMR, Pune, and Kolkata by fiscal year.