Latest news with #SPRE
News18
17-07-2025
- Business
- News18
SPRE Targets Rs 800 Cr From 5-Acre VANAHA Verdant Project In Pune
Last Updated: Shapoorji Pallonji Real Estate aims for over Rs 800 crore revenue with the VANAHA Verdant project in Pune. Shapoorji Pallonji Real Estate (SPRE) is eyeing over Rs 800 crore revenue with a project the VANAHA Verdant in Pune. Under the project, the real estate firm will develop a five-acre premium residential housing project as part of SPRE 1000-acre integrated township, VANAHA, near Bavdhan locality of Pune. It will comprise 600 apartments and offer around 10 lakh square feet of saleable area. The company, however, didn't disclose the cost of the project. Sriram Mahadevan, SPRE's CEO and Managing Director of Joyville Shapoorji Housing, stated that the VANAHA Verdant project embodies what modern homebuyers value most: balance, accessibility, and long-term investment. He also mentioned that the project is close to nature, incorporates integrated commercial spaces, and follows a low-density layout. Shapoorji Pallonji Real Estate (SPRE) leads projects across Mumbai, Pune, Bengaluru, Gurugram, Kolkata, delivering a mix of luxury, affordable, and commercial developments. It is part of the Shapoorji Pallonji Group. To date, they've developed about 13 million sq ft of residential and 6 million sq ft of commercial space. Innovative Marketing Concept award at the Realty+ Conclave Excellence Awards 2022. The company also addresses the growing demand for affordable housing through its dedicated brand Joyville, launched in 2016. Among the top 7 metropolitan cities in Q2 2025, MMR maintained its market leadership with 28,200 new residential launches, representing approximately 29% of the total launches across the top 7 cities, as per Anarock report. Another Anarock report added that Mumbai continued to dominate land activity in H1 2025, with the Mumbai Metropolitan Region (MMR) witnessing the highest number of land deals among Tier 1 cities. A total of 24 deals for over 433 acres were recorded, underscoring the region's growing importance in India's real estate landscape despite land scarcity and high costs. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
17-07-2025
- Business
- India.com
Rs 8000000000: This company to build housing project in Pune, not DLF, Lodha Group, it has connection with Ratan Tata, name is....
Rs 8000000000: This company to build housing project in Pune, not DLF, Lodha Group, it has connection with Ratan Tata, name is.... (Picture for representation purpose) Shapoorji Pallonji Real Estate (SPRE) will develop a 5-acre residential project in Pune with an estimated revenue of Rs 800 crore as part of its expansion plan. The company has launched a 5-acre premium housing project 'VANAHA Verdant', comprising about 600 apartments. Did you know the Shapoorji Pallonji (SP) Group holds stakes in Tata Group. Yes, it holds an 18.37% stake in Tata Sons, the holding company of the Tata Group. The SP Group is debt ridden and to tackle it has pledged its entire holdings. The group is also requesting for Tata Sons' stock market listing and seeking intervention from the RBI. 'Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet of saleable area, with an estimated revenue potential of about Rs 800 crore,' SPRE said in a statement on Wednesday. What is the cost of the project? This upcoming project is part of its flagship 1,000-acre integrated township, VANAHA, near Bavdhan, Pune. The company did not disclose the project cost. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, said, 'With VANAHA Verdant, we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature, integrated commercial spaces, and low-density layout reflect what today's homebuyers value most: balance, access, and long-term value.' To date, Shapoorji Pallonji Real Estate (SPRE) has sold over 2,000 apartments worth Rs 1,800 crore across mid-segment within this large township. Post-Covid pandemic, India's top seven housing markets – Delhi-NCR Mumbai Metropolitan Region Bengaluru Chennai Hyderabad Kolkata Pune – have witnessed significant rise in demand and prices, especially for builders having good track record of executing projects on time. Shapoorji Pallonji Real Estate is one of the leading real estate developers in the country. It is part of the Shapoorji Pallonji Group, a multi-business conglomerate. With a development potential of over 130 million sq ft, SPRE has a presence in Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
Mint
16-07-2025
- Business
- Mint
Shapoorji Pallonji launches VANAHA Verdant in Pune: 5-acre housing, 600 apartments, ₹800cr potential revenue — details
Real estate giant, Shapoorji Pallonji Real Estate (SPRE), is set to develop a five-acre premium residential housing project in Pune, for an an estimated revenue potential of around ₹ 800 crore according to the company. The project, called 'VANAHA Verdant', will comprise 600 apartments and offer around 10 lakh square feet of saleble area. It is part of SPRE's flagship 1,000-acre integrated township, VANAHA, near Bavdhan locality of Pune. 'Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet of saleable area, with an estimated revenue potential of about ₹ 800 crore,' it stated. According to Sriram Mahadevan, SPRE's CEO and MD of Joyville Shapoorji Housing, the VANAHA Verdant project reflects 'what today's homebuyers value most: balance, access, and long-term value'. He added that the build is close to nature, had integrated commercial spaces and a low-density layout. The official statement on July 16 did not disclose the project cost. The statement added that till date, SPRE has sold more than 2,000 apartments worth ₹ 1,800 crore across mid-segment within their VANAHA township, adding that India's top seven housing markets are seeing 'significant' rise in price and demand. 'Post-Covid pandemic, India's top seven housing markets — Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune — have witnessed significant rise in demand and prices, especially for builders having good track record of executing projects on time,' it added. Among the country's leading real estate developers Shapoorji Pallonji Real Estate, is part of the conglomerate Shapoorji Pallonji Group. It has a presence in Pune, Mumbai, Kolkata, Gurugram and Bengaluru and development potential of over 130 million square feet, it said. According to a report by PropEquity, housing plots worth ₹ 2.44 lakh crore have been launched in past three and half years because of higher demand post-Covid pandemic, PTI reported. Nearly 4.7 lakh residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities such as Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat.
Mint
16-07-2025
- Business
- Mint
Shapoorji Pallonji launches VANAHA Verdant in Pune: 5-acre housing, 600 apartments, ₹800cr potential revenue — details
Real estate giant, Shapoorji Pallonji Real Estate (SPRE), is set to develop a five-acre premium residential housing project in Pune, for an an estimated revenue potential of around ₹ 800 crore according to the company. The project, called 'VANAHA Verdant', will comprise 600 apartments and offer around 10 lakh square feet of saleble area. It is part of SPRE's flagship 1,000-acre integrated township, VANAHA, near Bavdhan locality of Pune. 'Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet of saleable area, with an estimated revenue potential of about ₹ 800 crore,' it stated. According to Sriram Mahadevan, SPRE's CEO and MD of Joyville Shapoorji Housing, the VANAHA Verdant project reflects 'what today's homebuyers value most: balance, access, and long-term value'. He added that the build is close to nature, had integrated commercial spaces and a low-density layout. The official statement on July 16 did not disclose the project cost. The statement added that till date, SPRE has sold more than 2,000 apartments worth ₹ 1,800 crore across mid-segment within their VANAHA township, adding that India's top seven housing markets are seeing 'significant' rise in price and demand. 'Post-Covid pandemic, India's top seven housing markets — Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune — have witnessed significant rise in demand and prices, especially for builders having good track record of executing projects on time,' it added. Among the country's leading real estate developers Shapoorji Pallonji Real Estate, is part of the conglomerate Shapoorji Pallonji Group. It has a presence in Pune, Mumbai, Kolkata, Gurugram and Bengaluru and development potential of over 130 million square feet, it said. According to a report by PropEquity, housing plots worth ₹ 2.44 lakh crore have been launched in past three and half years because of higher demand post-Covid pandemic, PTI reported. Nearly 4.7 lakh residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities such as Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. In the first five months of 2025, as many as 45,591 residential plots have been launched, it added.
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Business Standard
16-07-2025
- Business
- Business Standard
Shapoorji Pallonji Real Estate to build ₹800 cr residential project in Pune
Shapoorji Pallonji Real Estate (SPRE) has launched a premium residential development project in Pune with an estimated revenue potential of ₹800 crore. VANAHA Verdant, near Bavdhan in southwestern Pune, spreads across 5 acres and offers approximately 10 lakh square feet of saleable area. The project is part of a 1,000-acre integrated township planned by the company. 'With VANAHA Verdant, we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature, integrated commercial spaces, and low-density layout reflect what today's homebuyers value most: balance, access, and long-term value,' said Sriram Mahadevan, chief executive officer of Shapoorji Pallonji Real Estate and managing director of Joyville Shapoorji Housing. SPRE has sold over 2,000 apartments worth Rs 1,800 crore across mid-segment and premium developments within the township. In May 2025, the company, in partnership with Kreeva (the Kanodia Real Estate Venture arm) and ASK Property Fund, announced the launch of a luxury residential development in Sector 46, Gurugram. The project is estimated to generate revenue of over Rs 1,400 crore over the next five years. Additionally, with a development potential of over 130 million square feet, SPRE is present in top Indian markets including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata, with a variety of developments across segments such as mid-income, luxury, and aspirational real estate.
