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 Energy

28 Aug 2025

REC Hosts 56th AGM, Highlights Record Growth and Sustainability

REC Limited conducted its 56th Annual General Meeting (AGM) today through video conferencing, chaired by Jitendra Srivastava, Chairman & Managing Director. The meeting highlighted the company’s record operational and financial performance during the year, along with its strong focus on sustainability and ESG-led initiatives.Jitendra Srivastava, Chairman & Managing Director, in his address noted that REC achieved significant milestones during the year, strengthening its position as a performance-driven public financial institution. Loan sanctions stood at Rs 3.37 trillion, with disbur..

ADGBR Reviews Road Projects under Project Vartak

Additional Director General Border Roads (ADGBR) Jitendra Prasad conducted a four-day review of ongoing road and bridge construction works under Project Vartak in the area of responsibility (AoR) of the 42 Border Roads Task Force (BRTF) from 19 to 22 August.Prasad inspected key infrastructure projects including the Balipara–Charduar–Tawang (BCT) road, Sela–Chabrela–Banga Janga Gonpa road, Banga Janga Gonpa–Lagamche GG road, the Sela tunnel, and multiple roads in the Nelya sector.At various construction sites, project officials briefed him on project scope, progress, timelines, and op..

Nitin Gadkari Launches Three Highway Projects in Madhya Pradesh

Union Minister for Road Transport and Highways, Nitin Gadkari, laid the foundation stone for three National Highway (NH) projects in Madhya Pradesh on 24 August. According to the Ministry of Road Transport and Highways (MoRTH), the projects are designed to reduce travel time, ease congestion, enhance road safety, and improve connectivity across key corridors.The first project covers the four-laning of the 17.87 km Amazhar–Barela stretch, completing the Jabalpur Ring Road. The upgrade will divert heavy vehicles away from the city, reduce accident risks, and ensure smoother connectivity from A..