Latest news with #ShapoorjiPallonji
Time of India
2 days ago
- Business
- Time of India
Afcons Infrastructure: Afcons Infra's Shares Surge 4% After Winning ₹6,800-Crore Railway Project in CroatiaETInfra
Advt Stock performance and outlook Shares of Shapoorji Pallonji group firm Afcons Infrastructure rallied 3.7 per cent to their day's high of ₹434.45 on the BSE on Tuesday after the company announced it has emerged as the lowest bidder for a major railway project in the Republic of bid was awarded by HŽ Infrastruktura d.o.o. (HŽ Infrastructure Ltd) for the reconstruction of the existing track and construction of a second line on the Dugo Selo–Novska railway route . The project also includes overhead electrification and signalling & telecommunication estimated contract value, excluding VAT, is €677 million (approximately ₹6,800 crore). The work will be executed on a BOQ/item-rate basis , with a scheduled completion period of 72 months from the commencement date in May, Afcons Infrastructure said it had received a letter of commitment for a civil and structural contract worth ₹175 crore from Reliance Industries for work at Jamnagar, Gujarat. The final value will depend on the actual work executed, as per the contract Monday, Afcons Infra shares ended 0.36 per cent higher at ₹418.70, tracking broader market gains. However, the stock has declined 17 per cent over the past six months and is down 22 per cent to Trendlyne, the average target price for Afcons Infra is Rs 543, suggesting a potential upside of nearly 30% from current levels. Of the seven analysts covering the stock, most have a 'Strong Buy' rating.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
ME Construction
7 days ago
- Business
- ME Construction
Shapoorji Pallonji completes Imperial Avenue in Downtown Dubai
Construction Shapoorji Pallonji completes Imperial Avenue in Downtown Dubai By With the Building Completion Certificate in hand from RERA, the firm said it is currently welcoming homeowners for property inspections and handovers India-based real estate and construction firm Shapoorji Pallonji has completed its inaugural international residential development, Imperial Avenue, in Downtown Dubai. The milestone is said to mark a new chapter in the group's global expansion journey. Rising 45 storeys, Imperial Avenue offers panoramic views of the Burj Khalifa and the Dubai Canal. The lobby spans 10,000sqft, while the property boasts amenities, including infinity pools, a fitness centre, and recreational areas. Sustainability features such as solar panels and grey water treatment are integrated into the design. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is welcoming homeowners for property inspections and handovers, the firm said. Backed by investments of US $381mn, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, this project is a bold move that further solidifies Dubai's reputation as a strategic market for international developers. With sales projected to reach $544.5mn, this represents a significant milestone for the group. Cyrus Engineer, SP International Property Developers said, 'Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address. Dubai's ambition mirrors our own—to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise.' Aligning its expansion strategy with the global epicentre of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12% ROI for luxury properties, the developer has invested its legacy in Dubai's real estate markets. The project, which caters to buyers from over 60 nationalities, offers a selection of one-to-five bedroom apartments, penthouses, and podium villas with private pools. These homes are designed to meet the growing demand for larger, high-end living spaces with smart integrations and a hotel-like lifestyle, the statement concluded.
Khaleej Times
16-07-2025
- Business
- Khaleej Times
Shapoorji Pallonji announces completion of first-ever residential development
In a historic milestone, Shapoorji Pallonji, India's 158-year-old real estate and construction giant, has officially completed its first-ever international and finest residential development, Imperial Avenue, in Downtown Dubai, marking a bold new chapter in the group's global expansion journey. Rising 45 storeys and offering panoramic views of Burj Khalifa and the Dubai Canal, Imperial Avenue boasts a 10,000-square-foot grand entrance lobby and ultra-luxe amenities complete with infinity pools, a state-of-the-art fitness centre, and recreation areas coupled with sustainability features like solar panels and grey water treatment. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover. Backed by Dh1.4 billion in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, the project is a bold move that reinforces Dubai's appeal as a strategic market for international developers. Announcing the completion, Cyrus Engineer, SP of International Property Developers said: "Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address." Aligning its expansion strategy with the global epicenter of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12 per cent ROI for luxury properties, the developer has invested its legacy in Dubai's future-ready real estate markets. "Dubai's ambition mirrors our own - to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise." Cyrus added. Attracting buyers from over 60 nationalities, the project offers a curated mix of 1- to 5-bedroom apartments, penthouses, and podium villas with private pools, designed to meet rising demand for larger, high-end homes with smart integrations and a hotel-calibre lifestyle. With sales expected to reach approximately Dh2 billion, this venture marks a significant milestone. As the group enters the international markets, this venture is a symbol of Shapoorji Pallonji's transformation into a global luxury developer, cementing its position in Dubai's real estate renaissance.
Arabian Business
16-07-2025
- Business
- Arabian Business
India's Shapoorji Pallonji completes first international development in Dubai
Shapoorji Pallonji, India's 158-year-old real estate and construction giant and the name behind some of the most iconic developments in the country, has received the Building Completion Certificate from the Real Estate Regulatory Authority (RERA) for Imperial Avenue in Downtown Dubai – its first-ever international residential development. The 45-floor building, which offers panoramic views of the Burj Khalifa and the Dubai Canal, makes a stunning first impression with its 10,000 square foot grand entrance lobby and offers luxury amenities including infinity pools, fitness centre, and recreation areas, coupled with sustainability features like solar panels and grey water treatment. Shapoorji Pallonji's Dubai milestone achieved The curated mix of 1- to 5-bedroom apartments, penthouses, and podium villas has attracted buyers from over 60 nationalities. Imperial Avenue features 424 unique apartments, each equipped with modular kitchens, designer bathrooms, and private decks, and offers five levels of parking. Shapoorji Pallonji is currently hosting homeowners for property inspection and handover. Cyrus Engineer, of SP International Property Developers, commented: 'Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address.' The project is backed by AED 1.4 billion (US$380 million) in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International (CBI). Imperial Avenue marks the beginning of a new chapter for Shapoorji Pallonji's international expansion, and it said Dubai and the UAE were their obvious choice. 'Dubai's ambition mirrors our own—to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise,' added Engineer. 'With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12 per cent ROI for luxury properties, we have confidently invested our legacy in Dubai's future-ready real estate markets.' The units are designed to meet rising demand for larger, high-end homes with smart integrations and a hotel-calibre lifestyle. With sales expected to reach approximately AED 2 billion (US$540 million), the venture is a symbol of the company's transformation into a global luxury developer. Shapoorji Pallonji and Company is a globally diversified institution, with presence in sectors like engineering and construction, infrastructure, real estate, water, energy, and financial services.
Mid East Info
15-07-2025
- Business
- Mid East Info
Shapoorji Pallonji brings 158 years of luxury real estate expertise to the UAE - Middle East Business News and Information
Receives the Building Completion Certificate from Dubai's Real Estate Regulatory Authority for its maiden venture – Imperial Avenue in Downtown Dubai July 15th, 2025 – In a historic milestone, Shapoorji Pallonji, India's 158-year-old real estate and construction giant, has officially completed its first-ever international and finest residential development, Imperial Avenue, in Downtown Dubai, marking a bold new chapter in the group's global expansion journey. Rising 45 storeys and offering panoramic views of Burj Khalifa and the Dubai Canal, Imperial Avenue boasts a 10,000 square foot grand entrance lobby and ultra-luxe amenities complete with infinity pools, a state-of-the-art fitness centre, and recreation areas coupled with sustainability features like solar panels and grey water treatment. With the Building Completion Certificate in hand from Dubai's Real Estate Regulatory Authority (RERA), Shapoorji Pallonji is currently hosting homeowners for property inspection and handover. Backed by AED 1.4 billion in investments, including funding from London-based Hayfin Capital and the UAE's Commercial Bank International, the project is a bold move that reinforces Dubai's appeal as a strategic market for international developers. Announcing the completion, Mr. Cyrus Engineer – SP International Property Developers, said: 'Imperial Avenue is more than a luxury tower; it's a statement of intent. By combining our Indian engineering legacy with Dubai's futuristic standards, we aren't just handing over apartments but delivering a sustainable, tech-enabled lifestyle in the heart of Dubai's most prestigious address.' Aligning its expansion strategy with the global epicenter of luxury living, Dubai and the UAE were Shapoorji Pallonji's obvious choice for mapping international boundaries. With unmatched demand from international buyers and Downtown Dubai's appreciation potential consistently delivering at 8-12% ROI for luxury properties, the developer has confidently invested its legacy in Dubai's future-ready real estate markets. 'Dubai's ambition mirrors our own—to create iconic, sustainable landmarks. Downtown's dynamism offered the perfect stage to debut our international residential expertise.' Mr. Cyrus Engineer added. Attracting buyers from over 60 nationalities, the project offers a curated mix of 1- to 5-bedroom apartments, penthouses, and podium villas with private pools, designed to meet rising demand for larger, high-end homes with smart integrations and a hotel-calibre lifestyle. With sales expected to reach approximately AED 2 billion, this venture marks a significant milestone. As the group enters the international markets, this venture is a symbol of Shapoorji Pallonji's transformation into a global luxury developer, cementing its position in Dubai's real estate renaissance.
