Shapoorji Pallonji Unveils Rs 800 Crore Premium Housing Project in Pune
Shapoorji Pallonji Real Estate launches 'VANAHA Verdant', a 5-acre premium housing project in Pune, expected to generate Rs 800 crore in revenue.
Shapoorji PallonjiPremium HousingVanaha VerdantReal EstatePuneReal Estate NewsJul 16, 2025
The development is part of the company's larger VANAHA township, a 1,000-acre integrated community located near Bavdhan, Pune. This township is designed to provide a balanced and sustainable living environment, featuring integrated commercial spaces, green areas, and a low-density layout.
Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, expressed his enthusiasm for 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,' Mahadevan stated.
To date, Shapoorji Pallonji Real Estate has sold over 2,000 apartments worth Rs 1,800 crore within the VANAHA township, a testament to the company's strong market presence and customer trust. The project is expected to further solidify the company's position in the premium housing segment.
Post-Covid, the Indian real estate market has seen a significant rise in demand and prices, particularly in the top seven housing markets: Delhi-NCR, Mumbai Metropolitan Region, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune. Builders with a good track record of timely project execution, like Shapoorji Pallonji Real Estate, have been particularly favored by homebuyers.
Shapoorji Pallonji Real Estate is a prominent player in the Indian real estate sector, part of the Shapoorji Pallonji Group, a multi-business conglomerate. The company has a development potential of over 130 million square feet and is active in major cities such as Mumbai, Pune, Bengaluru, Gurugram, and Kolkata.
The launch of VANAHA Verdant is a strategic move by Shapoorji Pallonji Real Estate to capitalize on the growing demand for premium housing in Pune, offering a unique blend of modern living and natural beauty. With its focus on sustainability and quality, the project is poised to attract a wide range of homebuyers looking for a premium living experience.
Frequently Asked Questions
What is the estimated revenue of the VANAHA Verdant project?
The VANAHA Verdant project is expected to generate an estimated revenue of Rs 800 crore.
Where is the VANAHA Verdant project located?
The VANAHA Verdant project is located near Bavdhan, Pune, as part of the larger VANAHA township.
How many apartments will VANAHA Verdant include?
VANAHA Verdant will include approximately 600 apartments.
Who is the CEO of Shapoorji Pallonji Real Estate?
The CEO of Shapoorji Pallonji Real Estate is Sriram Mahadevan.
What is the size of the VANAHA Verdant project?
The VANAHA Verdant project spans 5 acres and offers approximately 10 lakhs square feet of saleable area.
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