Shapoorji Pallonji aims Rs. 800 Cr Revenue Collection from new Residential Project in Pune

Shapoorji Pallonji Real Estate (SPRE), a Mumbai-based developer, aims to collect Rs. 800 crore in revenue from its new housing project in Pune. The project named ‘VANAHA Verdant’ in Maharashtra’s cultural capital is a part of SPRE’s expansion plan. Its mindful conceptualization is likely to meet the expectations of the soaring housing market demand in the city.

Founded in 1865 by Littlewood Mistry, it was initially a partnership firm that forayed into the construction industry with some infrastructure projects, including pavement and water reservoir construction in Mumbai. Steadily gaining a sense of infrastructure, construction, and engineering industries, Shapoorji Pallonji has become a synonym for luxury residential real estate.

With the concept of ‘Rings of Refresh’, Shapoorji Pallonji follows the tender approach to incorporate tenets of offering opulent living addresses. In the decade-old history, and over the ocean of time, SPRE successfully delivered architectural marvels on domestic and global skylines.

VANAHA Verdant | A Hot Selling Cake amongst best New Residential Projects in Pune

Meticulously planned on a 5-acre land parcel, the project comprises 600 luxury apartments in the city. The project is a part of the flagship 1,000-acre integrated township, VAHANA, near Bavdhan in Pune.

“Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet of saleable area, with an estimated revenue potential of about Rs. 800 crore,” SPRE said in a statement on Wednesday.

Shriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD, Joyville Shapoorji Housing, said, “With VANAHA Verdant, we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature, integrated commercial spaces, and low-density layout reflect what today’s homebuyers value most: balance, access, and long-term value.”

To date, Shapoorji Pallonji Real Estate (SPRE) has sold over 2,000 apartments worth Rs. 1,800 crore across the mid-segment within this large township. Shapoorji Pallonji Real Estate is a noted name amongst the best real estate developers in India.

Shapoorji Pallonji – A Trusted Name in Real Estate Horizon

Since its inception as an organization, it has continued the legacy of creating the finest residential and infrastructure projects. The robust construction, thoughtful construction, and latest engineering partners with SRPE in structuring landmarks. In 2010, after crafting ‘The Imperial’, the tallest building of that time, the organization refined and amplified business operations in the best premium housing markets in India.

Amid troubled waters, Shapoorji Pallonji Real Estate is going strong with the belief of rendering world-class residential projects. After tasting success in the Mumbai real estate, SPRE expanded its footprint in the country with distinguished properties for homebuyers across all segments.

Exploring Silicon City, the best residential projects in Bangalore by Shapoorji Pallonji steal the limelight. Going beyond West and South India, new housing projects in Gurugram by one of the best real estate developers in India are making headlines amongst investors.

With over 2,000 premium apartments sold, Shapoorji Pallonji Real Estate holds a strong presence in the Indian real estate market. SPRE is a part of the Shapoorji Pallonji group, a multi-business conglomerate.
Citing an increase in housing market demand in tier–1 cities in India, SPRE offers the best housing projects under RERA guidelines.

(With inputs from PTI)