Shapoorji Pallonji Real Estate Launches Rs 800-Crore Housing Project in Pune
Shapoorji Pallonji Real Estate (SPRE) is set to develop a 5-acre premium residential project in Pune, aiming to generate Rs 800 crore in revenue. The project, named 'VANAHA Verdant,' will offer around 600 apartments and is part of the company's larger 1,000-acre integrated township, VANAHA, near Bavdhan.
Real EstatePuneShapoorji PallonjiHousing ProjectVana Ha VerdantReal Estate PuneJul 16, 2025
Spread across 5 acres, VANAHA Verdant will offer approximately 10 lakh square feet of saleable area, comprising around 600 apartments. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, emphasized the project's unique features, 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.”
The project is part of SPRE's flagship 1,000-acre integrated township, VANAHA, located near Bavdhan, Pune. To date, SPRE has sold over 2,000 apartments worth Rs 1,800 crore across the mid-segment within this large township. This success underscores the company's strong market presence and its ability to deliver projects on time and to the satisfaction of its customers.
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 pronounced for builders with a good track record of executing projects efficiently. Shapoorji Pallonji Real Estate is one such developer, known for its high standards and commitment to quality.
Shapoorji Pallonji Real Estate is a leading real estate developer in India, part of the Shapoorji Pallonji Group, a multi-business conglomerate. With a development potential of over 130 million square feet, SPRE has a robust presence in major cities such as Mumbai, Pune, Bengaluru, Gurugram, and Kolkata. The company's diverse portfolio and strategic approach to development have positioned it as a trusted name in the real estate sector.
The launch of VANAHA Verdant is a testament to SPRE's continued commitment to innovation and customer satisfaction. By focusing on key factors such as sustainable living, proximity to nature, and integrated commercial spaces, the company aims to set new standards in the residential real estate market. This project is expected to attract a wide range of homebuyers, from young professionals to families looking for a well-rounded living experience in Pune.
Frequently Asked Questions
What is the estimated revenue potential of the VANAHA Verdant project?
The VANAHA Verdant project is estimated to generate a revenue potential of about Rs 800 crore.
How many apartments will the VANAHA Verdant project offer?
The VANAHA Verdant project will offer around 600 apartments.
Where is the VANAHA Verdant project located?
The VANAHA Verdant project is located near Bavdhan, Pune, as part of the larger 1,000-acre integrated township, VANAHA.
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.
What is the track record of Shapoorji Pallonji Real Estate in Pune?
Shapoorji Pallonji Real Estate has sold over 2,000 apartments worth Rs 1,800 crore in the mid-segment within the VANAHA township in Pune.
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