Shapoorji Pallonji Real Estate Aims for Rs 800 Crore with VANAHA Verdant in Pune
Shapoorji Pallonji Real Estate (SPRE) targets over Rs 800 crore revenue with the VANAHA Verdant project in Pune, featuring 600 premium apartments in a 1000-acre integrated township.
Real EstatePuneVanaha VerdantShapoorji PallonjiResidential ProjectsReal Estate PuneJul 17, 2025
The VANAHA Verdant project will comprise 600 premium apartments, offering around 10 lakh square feet of saleable area. While the company has not disclosed the cost of the project, it is clear that VANAHA Verdant is designed to cater to modern homebuyers who value balance, accessibility, and long-term investment.
Sriram Mahadevan, SPRE’s CEO and Managing Director of Joyville Shapoorji Housing, emphasized that the VANAHA Verdant project embodies what modern homebuyers value most. He highlighted the project’s proximity to nature, its integrated commercial spaces, and its low-density layout, making it an attractive option for those seeking a balanced lifestyle.
Shapoorji Pallonji Real Estate (SPRE) is a leading real estate developer in India, with projects spanning Mumbai, Pune, Bengaluru, Gurugram, and Kolkata. To date, they have developed approximately 13 million square feet of residential space and 6 million square feet of commercial space. SPRE is part of the Shapoorji Pallonji Group, a diversified conglomerate with a rich history in construction and development.
SPRE continues to shape India’s urban landscape with a blend of luxury and affordability. Among its ongoing residential projects is SP Residency in Pune, which offers premium living experiences, and Parkwest in Bengaluru, a centrally located upscale development that earned the '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.
According to an Anarock report, MMR (Mumbai Metropolitan Region) maintained its market leadership in Q2 2025, with 28,200 new residential launches, representing approximately 29% of the total launches across the top 7 cities. Another Anarock report added that Mumbai continued to dominate land activity in H1 2025, with the 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.
Frequently Asked Questions
What is the VANAHA Verdant project?
The VANAHA Verdant project is a premium residential housing project developed by Shapoorji Pallonji Real Estate (SPRE) in Pune. It is located on a five-acre plot within the 1000-acre integrated township of VANAHA, near the Bavdhan locality.
How many apartments will VANAHA Verdant have?
VANAHA Verdant will comprise 600 premium apartments, offering around 10 lakh square feet of saleable area.
What is the expected revenue from the VANAHA Verdant project?
Shapoorji Pallonji Real Estate (SPRE) aims to generate over Rs 800 crore in revenue from the VANAHA Verdant project.
Who is the CEO and Managing Director of Joyville Shapoorji Housing?
Sriram Mahadevan is the CEO and Managing Director of Joyville Shapoorji Housing.
What other projects is Shapoorji Pallonji Real Estate (SPRE) currently developing?
SPRE is developing several ongoing projects, including SP Residency in Pune and Parkwest in Bengaluru. They also address the growing demand for affordable housing through their dedicated brand Joyville.
Related News Articles
NTA's NEET-UG 2024 Exam Controversy: Centre Seeks Cancellation of Scorecards of 1563 Students
The Centre has moved to cancel the scorecards of 1563 students who were awarded grace marks in NEET-UG 2024, following a controve...
Anant Raj Cloud Joins Forces with Google to Power India's Digital Revolution
Real Estate News - Get the latest updates on India's data center market and its growth potential...
Maharashtra Sees Surge in Real Estate Exam Candidates Amid Regulatory Crackdown
Over 5,260 candidates are set to appear for the Maharashtra real estate exam, a significant increase from previous editions, as the state regulatory authority cracks down on unregistered agents
The High Stakes of Bringing a Mythical Tale to Life: Sohum Shah's Tumbbad Journey
Sohum Shah's determination to bring the mythical tale of Tumbbad to life led him to make a bold decision - selling off his property to finance the film.
MHADA Promotes Cluster Redevelopment to Address Mumbai's Housing Crisis
MHADA is taking steps to expedite the redevelopment of cessed buildings in Mumbai, with a focus on cluster redevelopment. Sanjeev Jaiswal, VP and CEO of MHADA, highlights the importance of moving forward amid challenges in the real estate sector.
Property Registrations in Mumbai Soar 22% to 12,960 Units in October 2024
According to data from the Maharashtra government, real estate consultancy firm Knight Frank India reported a significant surge in property registrations in Mumbai city, specifically in the area under the BMC jurisdiction, with a 22% increase to 12,960 un