Shapoorji Pallonji's Joyville sold properties worth Rs 1,100 cr in FY21

29 Jun 2021 CW Team

Joyville, with a Rs 1,249 crore platform, has introduced six housing projects in four major cities till now.

Joyville Housing Managing Director Sriram Mahadevan told the media that despite the Covid-19 pandemic, 2020-21 was the best year for Joyville.

The company sold around 2,000 properties through FY21, up 150% from the last year in which they sold 800 units.

Mahadevan attributed several factors to the strong performance of the company throughout the last FY.

These include pent up demand because of the nationwide lockdown, low-interest prices on home loans, the Maharashtra government's declaration to cut stamp duty on registration of properties and newly launched projects by the company in various cities.

After the first nationwide lockdown, imposed in March last year, the company designed a digital platform to provide virtual tours of projects for customers.

So far, six housing projects below the Joyville platform have been launched: three in Pune and one each in Kolkata, Mumbai, and Gurugram. Throughout the last FY, Joyville started two new projects in Haryana, Gurugram, and Kolkata.

Besides this platform, Shapoorji Pallonji group firm Shapoorji Pallonji Real Estate has constructed a pipeline of over 80 million sq ft.

Shapoorji Pallonji Real Estate and Joyville are not the listed entities. Real estate developers listed on the stock exchanges disclose their sales booking numbers on a quarterly and annual basis. Unlisted companies usually do not reveal their numbers.

Among the listed entities, Mumbai-based Godrej Properties has obtained the highest sales bookings through the FY21, excelling Macrotech Developers.

Image Source

Also read: Housing sales rise 93% Y-o-Y in Q2 2021, but dip 58% Q-o-Q amid 2nd wave

Also read: HBS seeks Rs 1,600 cr from society in Mumbai which called off deal

Shapoorji Pallonji Group's housing platform Joyville Shapoorji Housing Private Limited sold properties costing nearly Rs 1,100 crore in the last FY, double than last year, on a huge demand for its apartments among low-interest rate home loans. Joyville, with a Rs 1,249 crore platform, has introduced six housing projects in four major cities till now. Joyville Housing Managing Director Sriram Mahadevan told the media that despite the Covid-19 pandemic, 2020-21 was the best year for Joyville. The company sold around 2,000 properties through FY21, up 150% from the last year in which they sold 800 units. Mahadevan attributed several factors to the strong performance of the company throughout the last FY. These include pent up demand because of the nationwide lockdown, low-interest prices on home loans, the Maharashtra government's declaration to cut stamp duty on registration of properties and newly launched projects by the company in various cities. After the first nationwide lockdown, imposed in March last year, the company designed a digital platform to provide virtual tours of projects for customers. So far, six housing projects below the Joyville platform have been launched: three in Pune and one each in Kolkata, Mumbai, and Gurugram. Throughout the last FY, Joyville started two new projects in Haryana, Gurugram, and Kolkata. Besides this platform, Shapoorji Pallonji group firm Shapoorji Pallonji Real Estate has constructed a pipeline of over 80 million sq ft. Shapoorji Pallonji Real Estate and Joyville are not the listed entities. Real estate developers listed on the stock exchanges disclose their sales booking numbers on a quarterly and annual basis. Unlisted companies usually do not reveal their numbers. Among the listed entities, Mumbai-based Godrej Properties has obtained the highest sales bookings through the FY21, excelling Macrotech Developers. Image Source Also read: Housing sales rise 93% Y-o-Y in Q2 2021, but dip 58% Q-o-Q amid 2nd wave Also read: HBS seeks Rs 1,600 cr from society in Mumbai which called off deal

Infrastructure Energy

08 Oct 2025

ONGC To Invest Rs 8.11 Billion In Andhra Onshore Oil, Gas Project

The Oil and Natural Gas Corporation Limited (ONGC) is set to invest Rs 8.11 billion for the onshore development and production of oil and gas from 172 wells across eight Production Mining Licence (PML) blocks in Andhra Pradesh.A committee under the Ministry of Environment, Forest and Climate Change (MoEFCC) has recommended environmental clearance (EC) for the project during a review meeting held last month.According to the Expert Appraisal Committee (EAC) minutes, the total project cost is estimated at Rs 8.11 billion, with a capital allocation of Rs 172 million towards the Environment Managem..

Infrastructure Energy

08 Oct 2025

Tripura To Supply 40 MW Power To Mizoram For Christmas

The Tripura State Electricity Corporation Limited (TSECL) will supply 40 megawatts (MW) of power to Mizoram during the upcoming Christmas celebrations, continuing a long-standing tradition of power exchange between the two north-eastern states, officials confirmed on Sunday.During Durga Puja, the Mizoram State Power Corporation (MSPC) had supplied an equivalent 40 MW of electricity to Tripura to ensure an uninterrupted power supply during the festive period.“We had an agreement to receive 40 MW during Durga Puja, although the full amount was not utilised due to lower-than-expected demand in ..

Infrastructure Transport

08 Oct 2025

India, Japan Review Progress Of Rs 1.08 Trillion Bullet Train

Union Minister for Railways Ashwini Vaishnaw and Japan’s Minister of Land, Infrastructure, Transport and Tourism Hiromasa Nakano on Friday jointly reviewed the progress of the Mumbai–Ahmedabad High-Speed Rail (MAHSR) Project, India’s first bullet train corridor, being developed at an estimated cost of Rs 1.08 trillion.Minister Nakano was welcomed with a traditional Garba reception at Surat International Airport, where MP Mukesh Dalal, Mayor Daxesh Mavani, senior railway officials, and representatives from the National High-Speed Rail Corporation Limited (NHSRCL) were present.At Surat, th..