Shapoorji Pallonji Real Estate expects Rs 600 crore revenue from 276 luxury homes in Pune
In a statement, the company said it has launched the second phase of its project 'Golfland' which is part of a large township 'VANAHA' near Bavdhan, West Pune.
Realty firm Shapoorji Pallonji Real Estate (SPRE) on Thursday launched 276 luxury homes in Pune with an estimated sales value of around Rs 600 crore.
In a statement, the company said it has launched the second phase of its project 'Golfland' which is part of a large township 'VANAHA' near Bavdhan, West Pune.
"With an estimated revenue potential of Rs 600 crore, the second phase of Golfland responds to the growing demand for upscale residences in Pune," SPRE said.
The project will have 276 homes, available to buyers at prices starting at Rs 1.48 crore.
In the first phase, the company had launched 276 homes.
The township 'VANAHA', spread over 1,000 acres, is a mixed-use development comprising residential, commercial, and retail spaces.
To date, the company has sold over 1,800 apartments in this township worth Rs 1,500 crores across mid-segment (Yahavi and Springs) and premium developments (Golfland phase 1).
Nirav Dalal, Business Head and Chief Investment Officer, SPRE, said,"The remarkable success of VANAHA has only strengthened our resolve to deliver outstanding products while reflecting the trust and confidence that customers place in the brand." Over the last few years, he said, Pune's real estate industry has seen a steady increase in launches of luxury and premium residences.
"We believe that in 2024, the Pune real estate market is likely to flourish, with the potential for continued growth. Also, due to strong demand, we have seen good price appreciation in the Pune market, and hence, we feel it is the right time for home buyers to invest in a property," Dalal said.
Shapoorji Pallonji Real Estate has a development potential of over 142 million square feet. SPRE has a presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 7 Small Cap Mutual Funds With Best SIP Returns in 15 Years: No. 1 fund has converted Rs 10,000 monthly SIP investment into Rs 1.27 crore
Power of Compounding: How long will it take to build Rs 4 crore corpus with Rs 5,000, Rs 10,000, and Rs 15,000 monthly investment
Top 7 SBI Mutual Funds With Best SIP Returns in 15 Years: Rs 8,333 monthly SIP investment in No 1 fund is now worth Rs 1,06,51,565; here's what others have given
EPF vs VPF: At Rs 21,000 starting basic salary what will be your retirement corpus at 12% & 14% monthly contribution
12:45 PM IST