The affordable housing arm of construction mammoth Shaapoorji Pallonji Real Estate is gearing up to launch a new residential project in Hadapsar, Pune. The project will be built on a 9-acre plot of land over the next four years and will require an investment upwards of Rs 700 crores. The first of seven phases will be launched shortly, comprising 168 duplex apartments and penthouses distributed amongst two towers. Phase one will be developed across 2.8 lac square feet of space.
The affordable housing arm of construction mammoth Shaapoorji Pallonji Real Estate is gearing up to launch a new residential project in Hadapsar, Pune. The project will be built on a 9-acre plot of land over the next four years and will require an investment upwards of Rs 700 crores. The first of seven phases will be launched shortly, comprising 168 duplex apartments and penthouses distributed amongst two towers. Phase one will be developed across 2.8 lac square feet of space.
Shapoorji Pallonji and Company Private Limited is a global, diversified organisation of 18 major companies, catering to several business segments, namely engineering and construction, infrastructure, real estate, water energy and financial services. The company has a presence in over 70 countries worldwide. Their real estate wing, Shapoorji Pallonji Real Estate is a well-regarded and reputed entity in the real estate sector with several landmark. They have developed over 13million square feet of residential space and 6 million square feet of commercial space.
In 2016, the company launched the brand ‘Joyville’ to deliver affordable homes across multiple locations nationwide. Today, it’s a $200 million platform backed by renowned institutions such as IFC and Asian Development Bank. They currently have projects in Gurugram, Kolkata, Pune and Mumbai Metropolitan Region. One of their most popular and successful projects is Joyville Virar located in MMR.
Hadapsar is a suburb of Pune, located in the south-eastern part of the city. It is known for its industrial area and commercial hub. Hadapsar is home to a number of large companies, as well as many small and medium-sized businesses. The area has good connectivity to other parts of Pune and is well-served by public transportation. It is a rapidly developing area and has seen significant construction activity in recent years. Neighbouring localities include Kalyani Nagar and Koregaon Park. Hadapsar has several residential complexes ranging from low-rise apartments and townhouses to high-rise towers. Some popular residential projects in Hadapsar include Marvel Cerise, Eon Homes, Ashok Medows and Amanora Town Park.
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