Shapoorji Pallonji Launches ₹800 Crore Housing Project in Pune
Shapoorji Pallonji Real Estate (SPRE) is expanding its footprint in Pune with the launch of a 5-acre premium housing project, 'VANAHA Verdant', expected to generate ₹800 crore in revenue.
Shapoorji PallonjiPuneReal EstateVanaha VerdantResidential ProjectReal Estate PuneJul 16, 2025
The project, which will comprise approximately 600 apartments, is located within the flagship 1,000-acre integrated township, VANAHA, near Bavdhan, Pune. According to SPRE, the project will span about 10 lakh square feet of saleable area, reflecting the company's commitment to providing high-quality, sustainable living spaces.
Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, emphasized the significance of the project. '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,' he stated.
To date, SPRE has sold over 2,000 apartments worth ₹1,800 crore across mid-segment within the larger VANAHA township. This success underscores the company's strong market presence and its ability to deliver on its promises to homebuyers.
Post-Covid, India's top seven housing markets—Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune—have experienced a significant rise in demand and prices. This trend is particularly evident for builders with a good track record of timely project execution, a category in which Shapoorji Pallonji Real Estate excels.
Shapoorji Pallonji Real Estate is one of the leading real estate developers in the country, part of the Shapoorji Pallonji Group, a multi-business conglomerate. With a development potential of over 130 million square feet, SPRE has a strong presence in major cities such as Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
The launch of VANAHA Verdant is a strategic move by SPRE to capitalize on the growing demand for premium housing in Pune. The project is expected to set new standards for residential development in the region, offering a blend of modern amenities and natural surroundings that appeal to today's discerning homebuyers.
Frequently Asked Questions
What is the name of the new residential project by Shapoorji Pallonji in Pune?
The new residential project by Shapoorji Pallonji in Pune is called 'VANAHA Verdant'.
How many apartments will be included in the VANAHA Verdant project?
The VANAHA Verdant project will comprise approximately 600 apartments.
What is the estimated revenue potential of the VANAHA Verdant project?
The estimated revenue potential of the VANAHA Verdant project is about ₹800 crore.
Where is the VANAHA Verdant project located?
The VANAHA Verdant project is located within the 1,000-acre integrated township, VANAHA, near Bavdhan, Pune.
What is the total saleable area of the VANAHA Verdant project?
The total saleable area of the VANAHA Verdant project is approximately 10 lakh square feet.
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