+
Shapoorji Pallonji forays into the Delhi-NCR market
Real Estate

Shapoorji Pallonji forays into the Delhi-NCR market

Shapoorji Pallonji has announced its entry into the Delhi-NCR market. The business conglomerate is expected to develop a housing project in the Delhi-NCR region with an estimated investment of Rs 12 billion.

Spread over 18 acre on the Dwarka Expressway, the project – Joyville Gurugram – will be reportedly developed by a US$ 200 million platform established by Shapoorji Pallonji, ADB, IFC and Actis. Nearly 516 flats in the first phase of the project are expected to be developed by the group. The total units in this project would be 1,500 in three phases.

The land parcel has reportedly been bought by the group from another real estate developer BPTP. The construction of the project is expected to start soon and be completed in four-and-half years.

Besides, with the launch of this project, the company has launched the development of 9.5 million sq ft under the Joyville platform. The project will be the fourth housing project under this platform. The group is already developing housing projects at Howrah-Kolkata, Mumbai and Pune. The company has 80-90 mn sq ft of development in the pipeline, of which, it is launching 35 mn sq ft this fiscal, an equal number in the next year and the rest in the third year. The projects would be developed across its product portfolio and in cities such as Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Kolkata, Howrah (near Kolkata), Delhi, Gurugram, Noida, Mohali.

 

Shapoorji Pallonji has announced its entry into the Delhi-NCR market. The business conglomerate is expected to develop a housing project in the Delhi-NCR region with an estimated investment of Rs 12 billion. Spread over 18 acre on the Dwarka Expressway, the project – Joyville Gurugram – will be reportedly developed by a US$ 200 million platform established by Shapoorji Pallonji, ADB, IFC and Actis. Nearly 516 flats in the first phase of the project are expected to be developed by the group. The total units in this project would be 1,500 in three phases. The land parcel has reportedly been bought by the group from another real estate developer BPTP. The construction of the project is expected to start soon and be completed in four-and-half years. Besides, with the launch of this project, the company has launched the development of 9.5 million sq ft under the Joyville platform. The project will be the fourth housing project under this platform. The group is already developing housing projects at Howrah-Kolkata, Mumbai and Pune. The company has 80-90 mn sq ft of development in the pipeline, of which, it is launching 35 mn sq ft this fiscal, an equal number in the next year and the rest in the third year. The projects would be developed across its product portfolio and in cities such as Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Kolkata, Howrah (near Kolkata), Delhi, Gurugram, Noida, Mohali.  

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code