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

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Realty agency Shapoorji Pallonji Real Estate has offered over 600 items, worth round Rs 400 crore, in its new housing mission in Pune as housing demand started to get better. 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 mission ‘VANAHA’ close to Bavdhan, West Pune.

In the primary section, over 600 flats with numerous unit configurations have been launched. The worth ranged between Rs 39 lakh and Rs 89 lakh.

This premium mixed-use growth shall be executed in phases and can have greater than 6,000 flats 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 in the following two to 3 years.

The actual property arm is planning to launch new tasks and new phases in its current tasks 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 tasks in 4 main cities and is now on the lookout for new land parcels for future growth.

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