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.  

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?