Shapoorji Pallonji sells over 600 flats worth Rs 400 cr in Pune

22 Feb 2021 Editorial Team

Shapoorji Pallonji Group's real estate arm Shapoorji Pallonji Real Estate sold over 600 units worth around Rs 400 crore in its new housing project in Pune on the back of recovering demand.

The realty firm said it has sold over 600 units in its newly launched housing project in Pune due to accelerated demand.

Last month, Shapoorji Pallonji announced an investment of around Rs 4,000 crore to develop a 148 acre mixed use project near Bavdhan, in proximity to the Katraj-Dehu Road Bypass of the Bengaluru-Mumbai highway.

Make in Steel 2021

24 February

Click for event info

4th Indian Cement Review Conference 2021

17-18 March

Click for event info

Over 600 apartments with various unit configurations were launched in the first phase, with prices ranging between Rs 39 lakh and Rs 89 lakh.

Access the latest building material prices here

This premium mixed use development will be executed in phases and will have more than 6,000 apartments on completion.

Shapoorji Pallonji Real Estate has a development pipeline of over 80 million sq ft and plans to double its top line in the next two to three years. The real estate arm is planning to launch new projects and new phases in its existing projects in Kolkata, Mumbai, Pune, Gurugram, and Bangalore.

The group also has a Rs 1,240 crore platform, ”Joyville” in partnership with IFC, ADB, and Actis. The platform has so far launched six housing projects in four major cities and is now looking for new land parcels for future development.

Image: The Shapoorji Pallonji group has recently sought a two-year debt moratorium from its lenders citing a slowdown in its real estate and construction businesses.

Also read: Shapoorji Pallonji lowest bidder in Central Vista segment

Also read: Bombay HC clears way for Shapoorji Pallonji project

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..