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 Transport

06 May 2026

Pune To Build Nine Km Link Road Between Highways

The Pune Municipal Corporation (PMC) has decided to appoint an expert to plan the development of a nine km long, 60 metre wide road from Khadi Machine chowk to Wadki chowk as an extension to the Katraj-Kondhwa road to link the Mumbai-Satara and Pune-Solapur national highways. The scheme is intended to divert heavy vehicle traffic away from the city and improve access between the two arterial routes. The project has been prioritised by the PMC and forms part of a larger set of schemes in which 19 roads have been identified for development at a combined cost of Rs 9.82 billion (bn) to address c..

Barabanki Bahraich Six Lane Highway Approved in Uttar Pradesh

The Uttar Pradesh government has approved construction of a new six-lane highway linking Barabanki and Bahraich as part of National Highway 927, and the cabinet has cleared the project. The alignment will pass through Mustafabad and Kaiserganj and extend for about 101.5 km, creating a key corridor for local and long-distance movement. The National Highways Authority of India will oversee the work and has signalled the scheme is intended to strengthen regional connectivity and cross-border access to Nepal. The project carries an estimated total cost of Rs 69,690 million, equivalent to Rs 69.69..

Toll At Kharegaon Likely As Highway Upgrade Nears Completion

A section of the highway at Kharegaon has undergone an upgrade and is approaching completion, and authorities have indicated plans for a toll to be introduced once works finish. The project has focused on strengthening the carriageway, improving drainage and upgrading intersections to enhance safety and capacity. Officials have said the toll will be used to recover construction costs and fund ongoing maintenance. The upgrade included resurfacing of the pavement, widening of certain stretches and installation of modern signage and lighting to reduce accident risk. Contractors completed most ma..