SPRE Targets Rs 8 Billion from Pune VANAHA Verdant Project

18 Jul 2025 CW Team

Shapoorji Pallonji Real Estate (SPRE) is targeting over Rs 8 billion in revenue from its upcoming premium housing development, VANAHA Verdant, located in Pune. The project is part of SPRE’s 1,000-acre integrated township near Bavdhan and will be developed over five acres.

The VANAHA Verdant project will comprise 600 residential units with around 1 million sq. ft. of saleable area. While SPRE has not disclosed the total project cost, the development is expected to significantly bolster the company’s portfolio in Pune’s upscale housing segment.

According to Sriram Mahadevan, CEO of SPRE and Managing Director of Joyville Shapoorji Housing, the project reflects homebuyers' desire for balance, accessibility, and long-term value. It incorporates integrated commercial zones, proximity to nature, and a low-density layout.

SPRE, part of the Shapoorji Pallonji Group, has delivered over 13 million sq. ft. of residential and 6 million sq. ft. of commercial developments across key cities including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.

Other prominent residential ventures include SP Residency in Pune and Parkwest in Bengaluru, with the latter receiving accolades for innovative marketing. SPRE’s Joyville brand, launched in 2016, continues to address India’s growing demand for affordable urban housing.

Recent Anarock reports highlighted Mumbai’s market dominance in Q2 2025, with 28,200 residential launches, representing 29 per cent of supply across India’s top seven metro cities. Mumbai also led in land acquisitions in H1 2025 with 24 deals covering 433 acres, reinforcing the city’s pivotal role in the country’s real estate landscape.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..