Shapoorji Pallonji Expects Rs 800 Crore in Sales From Its Pune Residential Project

New Delhi, July 16 – Shapoorji Pallonji Real Estate (SPRE) has unveiled its new high-end residential project, VANAHA Verdant, in Pune. The project is expected to bring  revenue of  around ₹800 crore for the company.

600-Unit Residential Project within 1,000-Acre Township

The newly launched project spans 5 acres within SPRE’s flagship 1,000-acre integrated township, VANAHA, located near Bavdhan in Pune. VANAHA Verdant will comprise approximately 600 premium apartments, offering an estimated 10 lakh square feet of saleable area.

While the total investment details remain undisclosed, the company emphasized the project’s upscale offerings, its strategic location amidst lush green surroundings, low-density planning, and close proximity to key commercial hubs-positioning it as a desirable address for modern urban living.

Focus on Sustainable, Value-Driven Living

Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, emphasized the vision behind the project, stating, “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.”

Strong Sales Momentum in the Township

So far, SPRE has sold more than 2,000 apartments within the VANAHA township, totaling sales worth ₹1,800 crore, primarily targeting the mid-income segment. This underscores the growing demand for integrated residential spaces post-pandemic, especially in tier-1 cities like Pune, which has seen a surge in both demand and pricing.

Expanding Presence Across Major Metros

Shapoorji Pallonji Real Estate, part of the diversified Shapoorji Pallonji Group –  one of India’s leading real estate developers with a development portfolio of over 130 million sq ft. The company maintains a strong presence in key cities – including Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.

The new launch further reinforces SPRE’s commitment to delivering high-quality, lifestyle-centric housing. Especially in India’s evolving real estate market.

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