Shapoorji Pallonji Real Estate Launches 105-Acre Plotted Development in Pune
Shapoorji Pallonji Real Estate (SPRE) has made a strategic move into the plotted development segment with a new residential project on a 105-acre land parcel near the proposed Purandar International Airport in Pune. The land is owned by the group, and the company estimates a revenue potential of around Rs 600 crore from this ambitious project. This initiative is part of the company’s broader strategy to expand its residential portfolio, capitalizing on the rising demand for plotted developments.
The project will comprise 483 residential plots ranging from 2,000 to 6,000 sq. ft., catering to both end users and investors. These plots will be offered as non-agricultural parcels with individual 7/12 extracts, providing buyers the flexibility to build independent villas. Around 70 percent of the project area has been designated for open and green spaces, enhancing the quality of life for residents. The site is also surrounded by nearly 600 acres of forest land, adding to its natural appeal.
According to the company, the Pune Growth Corridor’s improving connectivity and infrastructure are key drivers of strong residential demand. This development is a strategic addition to SPRE’s portfolio, aligning with the growing trend of plotted developments in the region. The project is designed to offer a blend of luxury, sustainability, and convenience, making it an attractive option for those looking to invest in or live in a high-quality residential area.
Shapoorji Pallonji Real Estate, a subsidiary of the Shapoorji Pallonji Group, is a leading real estate developer in India with a diverse portfolio of projects across various segments. The company is known for its commitment to quality, innovation, and customer satisfaction. This new project in the Pune Growth Corridor is a testament to SPRE’s vision to create sustainable and livable communities that enhance the quality of life for residents.
The Purandar International Airport, which is expected to boost the region’s connectivity and economic growth, is a significant factor in the project’s strategic location. The improved infrastructure and connectivity will not only make the project more appealing to potential buyers but also contribute to the overall development of the area.
With this new venture, SPRE aims to set a new benchmark in the real estate market, offering a unique and desirable residential option that combines the benefits of a plotted development with the natural beauty of the surrounding landscape. The project’s focus on open spaces and green areas reflects the company’s commitment to sustainable development and the well-being of its residents.
