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Shapoorji Pallonji Real Estate has forayed into the residential plotted development segment with the launch of its first project in Pune, responding to rising homebuyer interest in land-led housing formats. The 105-acre project, branded Treetopia, comprises 483 residential plots and carries an estimated revenue potential of around INR 600 crore. Located near the upcoming Purandar International Airport, the development marks a strategic expansion of the company's residential portfolio beyond group housing projects.
Shapoorji Pallonji Real Estate has announced its entry into the plotted housing segment with the launch of Treetopia, a premium residential plots project in Pune, signalling a diversification of its residential development strategy. The project spans 105 acres and comprises 483 plots, with the company estimating a revenue potential of around INR 600 crore. Advertisement
The development is situated close to the upcoming Purandar International Airport, positioning it within an emerging growth corridor that is witnessing increased infrastructure-led interest. Plot sizes at Treetopia range from around 2,000 sq ft to 6,000 sq ft, with the offering aimed at both end users and long-term investors seeking capital appreciation.
The company indicated that growing preference among homebuyers for plotted developments influenced its decision to enter the segment. According to the management, the launch represents a key step in strengthening the residential portfolio while addressing demand for low-density, ownership-led housing formats.
Shapoorji Pallonji Real Estate believes that ongoing and planned infrastructure projects are reshaping the growth trajectory of the Pune region, with the wider growth corridor expected to evolve into a high-potential micro-market over the medium to long term.
The company has a development potential exceeding 130 million sq ft and maintains a presence across major property markets including Mumbai, Pune, Bengaluru, Gurugram and Kolkata. The plotted development initiative is expected to complement its existing portfolio of group housing projects while expanding its customer base.
Source: PTI
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